EURCHF Buy IdeaH4 - Breakout of downtrend line happened.
Price moved higher after breakout.
We can look for buys as long as the last low holds.
Suggested strategies for this trading opportunity : sRs Trend Rider 2.0 and Forex Triple B 2.0
Bearish Trend Line
USDJPY H4 - return to declines after resistance testUSDJPY on H4 chart is in a downward trend, where lows and highs are at lower and lower levels. Last week there was a correction of bearish impulse which began on June 2nd. This correction has reached confluence of resistance, where horizontal area 110.65 converges with downward trend line from 11th of May this year.
In that place bulls gave up and pair returned to declines. If the downward trend is to continue pair has to return to the last low around 109.11 and need to break this resistance. Further depreciation should drive pair to 108.37.
USDJPY H4 - return to declines after resistance testUSDJPY on H4 chart is in a downward trend, where lows and highs are at lower and lower levels. Last week there was a correction of bearish impulse which began on June 2nd. This correction has reached confluence of resistance, where horizontal area 110.65 converges with downward trend line from 11th of May this year.
In that place bulls gave up and pair returned to declines. If the downward trend is to continue pair has to return to the last low around 109.11 and need to break this resistance. Further depreciation should drive pair to 108.37.
US OIL slightly longer term view with major trendlineCurrently got an outside channel test which even if it breaks above there's that huge downward trendline not far above which is bound to give us some resistance. Break above and then a test of that we could be looking at continued bullish action. Look for the cheap trade with tightest stops on the test of the trendline if this is the case.
Sold @Resistance after candlestick patternJust sold AUD/USD into the direction of the underlying downtrend.
- Price is currently trading at a major downtrend line
- Price continuously trades lower. Indicated by red & pink support lines
- 240H shows kind of triple top + Candlestick pattern
AUDNZD Pending Sell OptionAUDNZD long term - we have a clear bearish trend.
Short-term correction phase near FIBO 50%
We might have a stall phase. placing an order to sell the break of fibo level.
Technical indicator RSI+MA turning around OB zone, Once RSI will pickup a bearish momentum which will confirm the projected movement for a new short position.
TG and SL on the chart!
BTC DUMP PREDICTION!It can take more or less time, I can't predict how the next candles will look because BTC market is moving fast.
Downtrend ContinuationDISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
This week I'm keeping my eyes on the Euro / New Zealand Dollar pair. Its been on a down trend for a while now and could be hitting structure from 2015. The channel looking beautiful. At the begging of the month (02/07/2017) the price hit a previous resistance price and bounced.
This past week we hit a bit of a side trend so now we are just waiting for a break. Meaning are we looking at the next new low? Or are we looking for a wave to continue the resistance line.
TSLA Intraday Rejection @ Downtrend LineGood push today, but need to close above downtrend line before further upside
eurjpy - approaching downtrendline eurjpy approaching downtrend line and at resistance watching for a breakdown
EURUSDafter election eurusd had sharp reaction to the results
but got problem with downtrend line and we'd better wait for the close of candle
AUD close to resistance pointAUD has been trending very nicely to the upside but now we are approaching to a spot of resistance.
We have a Gartley formation with an AB=CD move as a plus.
Notice that also we have structure looking left and a descending trendline that until now has been respected. If the Gartley pattern completes, it may create a "fakeout" on that trendline. Going to keep an eye on this setup
Keep it simple, and focus on the process
Twitter: @JeanC680
Jean
DAILY - BEARISH CYPHER AND 4TH POINT TOUCHING ON BEARISH TRENDGood day all,
Here we are looking at a Bearish Cypher pattern that completed and are now ready for entries.
The main trend line here is a Bearish trend and we are sitting now with a Bearish Cypher pattern.
RSI is at extreme overbought conditions and we are sitting at overbought +- 80.0 level.
We aslo have a shooting star at ARROW A and a Doji Candle at ARROW B.
Very good CTS score so lets go for gold ;)
Selling CableSeeing today's high test bar close rejecting a past level acting as both support and resistance within close proximity of a Fibonacci cluster (38.2% and 50%) drawn from two previous swing/cycle highs and rejecting the falling trend line for a third time highlights this end of day set up as a potential selling opportunity. Recent lower highs and lower lows signal a continuation of this new forming down trend after price failed to rally higher in the bull run up to May.
Short CableCase for entry short:
bearish doji bar close;
retest/rejection of resistance at ~1.5025; and
0.618 Fibonacci level rejection and close below
entry - below doji close
stop - above doji close
target - ~1.4830 (weekly support level and also 1.272 Fibonacci extension level)
Selling a weak EUR/USDIn its prominent down trend, price continues to have pronounced consecutive cycles below the 20 ema pushing EUR/USD lower. Today’s bearish reversal bar bumped just shy of a past level, now acting as resistance, at 1.2500, and closes below 20 ema and 0.618 Fibonacci level. If a short trade does not trigger a re-entry can taken at the test of 50 ema and/or 1.2500.
Entry – below today’s reversal bar
Stop – above today’s reversal bar
Target – once triggered, will let the trade run for price to rendezvous at 1.2000 where it’s been before
Reverse set up of the same nature on USD/CHF.
