POTENTIAL TREND CONTINUATION ON AUDJPY Price is starting to get rejected @ the 84.2 area and also testing the 50 EMA.. If price holds there could be a move to the downside.. Waiting on daily candle to close to see what will happen.. Right now I'm on the side lines just watching for now! :)
Buying the .618 retracement for a more aggresive entry or waiting for the .786 The .786 is meeting previous support which now could be resistance so better possibilities and Risk/Reward ratio. Good luck guys.
I TOOK SOME GOOD PROFITS OUT OF THIS PAIR BY GOING LONG UP TO THE RESISTANCE LEVEL. I BELIEVE IT IS NOW TIME TO GO SHORT AND CONTINUE MAKING MONEY. I AM EXPECTING AT LEAST %50 RETRACEMENT.
so we have had out Double top, had our impulse leg down and broken structure and have started to see some retracement. If we get back up to the 618 level I would be looking for Bearish signs to get short and as shown 2 possible levels it could come back down into previous support if that breaks coudl go down lower. There is alof of previous structure around the...
We have had our Double top and impulse leg down if we see a retracement to the 618 I feel that pervious support could act as ressitance and see a move to the downside
We have had our double top, broken structure and have now had our retracement into the 618 area. As with my idea on teh 4hr chart im expecting this to now see a move to the downside
So have been looking at other possible ways this pair could move. Now if we look at the Monthly Chart we have had our Double Bottom and impulse leg up and a start of a retracement. And will be looking for the 618 retracement to get long. This idea is all speculation but just a look at a possible path to how we might get there. So from the 4 hr chart we have...
As per my other Ideas around the EUR pairs double bottom, structure broken, wait for the 618 retracement and move to the updside
Similar to my Idea on the EURUSD 4 Hr Chart we have had a double bottom, structure broken, pull back into teh 618 area and then tend continuation the upside.
So after yesterdays News release its changed the flow and trend of this pair. We came right back down into previous support levels and bounced right back up and broke struckture to the upside. With this move it could now signal a change in Trend. Possible retracement back down to previous support around the 382 level but also the possibilty of a 618 retracement...
So looking at the current structure there is a possible pull back after the impulse leg down and opportunity to get short around teh 618 level which has shown signs of resistance before Looking at the larger time Frames we have had a big impulse leg down and the 618 level on the ! hr chart would fall in line with the A to B leg of a Daily Bearish Cypher. All...
Been watching for the last week or so and trying to get my analysis better, more on point to get teh best possible risk rewrad from my entries. Ss looking at this impulse leg Im expecting a pull back to teh 618 level before a further rise. On the Daily we have had a Double top form and impulse leg down and broken structure and now finally have some bullish...
Very decent long setup Several confluence, including Horizontal support 1.09724 Trend line pull back x2 Fibonacci 0.618 High probability level influencing price greatly Previous HH Made Looking for a HL Bears weakening shown by the long wick previously Take Profit:is based upon ABC(D) completion Stop Loss: Below structure support
I first want to note that this is a speculative idea, I may be seeing what I want to see instead of what is actually on the chart. But, with that said, there appears to similarities between the 2008 chart and the current chart. Additionally, if you hover over the blue ovals - for lack of a better word - on the chart, they should provide some context. Both periods...
Potential bullish 2.618 pattern.
-IM STILL BULLISH ON THIS PAIR AT THE MOMENT -FIB 0.618 MAGIC RETRACEMENT IS THE AREA I WANT TO HOLD TO SECURE A LONG -A B C D STRUCTURE HERE -THE NARROW BLUE BOX YOU CAN SEE IS A KEY LEVEL HAVING BEEN STRONG RES NOW SUPPORT -FIRST TARGET WILL BE WEEKLY RES 1.4760 IF THESE ARE HIT WILL TAKE PARTIAL PROFITS AND THE NEXT TARGET WILL BE FIB LEVELS.