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EURUSD 1HR TF KEY ZONE FOR SHORT POSITIONSHi. guys I hope you are all okay! Here are my thoughts on EURUSD, price action pushed down into fresh lows of 1.1180's seeing prices break and close below the previous structure low of 1.1232's. What we have since seen is prices pullback into a key area in the market at 1.1285 - 1.1325's which would be the most likely area for sellers to re-enter the market. There is also a number of confluences, such as; 1.3000 even handle, a cluster of FIB ratios in this kill zone and RSI has also gone OB displaying that strength in buying pressure is beginning to slowdown. Therefore, I am currently short with a 15 pip based ATR stop above the highs of 1.1325's and looking for a retest of the structure lows down at 1.1180's for target ones in anticipation for bearish trend continuation.
Short
by hmwalker_
Possible EUR/CAD Long Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-12hrs Actions on - A – Activating Event Market consolidating above the 200 mva and has reached a condition of being oversold.In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.505 FX:EURCAD Trade Management Entered @ Sign up for our mentoring program Stop Loss @ Sign up for our mentoring program Target 1 @ 1.505 Target 2 @ 0. Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only
Long
by SMPTrader
1hr inverted h&s patterns on btc and xrp.Cheers to XPCollector7 for spotting this smaller time frame ihs on xrp before priceaction had even reached the peak of the head. I just noticed there was also this one as well on BTCUSD. time frame works well on both 3 minute and 1 hour chart on this pattern. The volume profile on this one is as textbook as they get...so it all looks pretty bullish with the exception of the stochrsi being in the overextended zone. A fakeout is possible but I'm leaning more towards a legitimate breakout with a target up to the toptrendline of xrps falling wedge pattern. BTCs not as far since the top trendline on btcs wedge pattern is further away. Probability favors breakout so side with probability but also be prepared for a fakeout simultaneously.
BITSTAMP:BTCUSDLong
by DrDovetail
eur/gbp bullsih set up.on the eur/gbp there seems to be a basic support and resistance channel going on. Delving in to the 4hr timeframe, I see a rising wedge pattern WHICH could also be a double bottom as well. Either price will break out of the rising wedge and retest support OR it could break above the rising wedge and go up. Either choice is up to preference of trading style. 1hr timeframe shows MA's about to crossover so I hope that is a good indication that price will move up as well.
Long
by chiefcapitalfx
1