Price came back above the support level and moved higher. We can think about buying with profit targets at downtrend lines. Stop orders must be placed below 1.0500 or the swing low. If price returns to the support level, it will be a good entry level for new long trades. Short trades can be opened only after price reversal from the downtrend lines with stop above...
Price is in an uptrend and heading for the 1.618 extension. Price will retest the monthly resistance zone Bullish Engulfing Forming at the 4hr level SL 1.6500 TP 1.0793 100 pips up Over 2:1 Reward Risk
New highs expected with this pair, HH's and LH's are being created consistently, its broken above the monthly level of resistance which is now support and is on a trendily to the upside. The daily and weekly candles have been bullish around the monthly level, and on the monthly the last candle was a doji. Took this trade on the 4HR, just waiting for a bullish...
Good evening traders! The 1.0685 high held through the US retail sales figure, keeping pressure to the downside on the short-term. At this point, the risk is to the downside with price below 1.0685. It would take a sustained break above the figure to put buyers back in control. To the downside see short-term support at 1.0565. A break below the support...
Whatever EURUSD plans on doing, I want in. Due to the previous daily range, daily candle structure, and consistent low spread, EURUSD looks like a good candidate for a straddle set up. Sell limit order of 0.13 lots at 1.06734 with a 10 pip stop at 1.06834. Risk is = 1/4 of 1% of account equity which is $12.50. Expiry set to 10 minutes before London close...
After the formation of the Expanding Flat( continuation pattern ), there is a potential for price to push north to the 1.0800( Round no. ). Therefore, buying the flag breakout is a good trade. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.
Daily resistance tested again, large dog was the last 4HR candle to form showing indecision. I have taken a short position to the nearest support level and just above the 0.382 fib level. TP @ 1.06804 SL @ 1.06071 R/R @ 1.14
PAIR: EUR/USD TTF: 15M TRADE: TCT (Bullish) NOTE: These are potential Trade opportunities based on my own personal Analysis. Thank you, Star Prosper Philip Stewart
PAIR: EUR/USD TTF: DAILY TRADE: BAT PATTERN NOTE: These are potential Trade opportunities based on my own personal Analysis. Thank you, Star Prosper Philip Stewart
End of the corrective move, we see a beautiful rejection at resistance zone now the price action looks good to short
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Today, the failure @ Support, spokes it's own language and the result is: GOLD SHORT AFTER TRUMP ALL IN DOWN TO 1180-90 AREA. Simple - now hold for the win. For any questions, leave a message...
Lets see what a new year could bring. Looking for a break up of trench and will place a order there. Key Resistance - 1.06 Key Support - 1.05 (If it break upwards)
Hello guys , First of all sorry guys for this crowded chart but couldn't do it better than this but dont worry i will explain. So lets go !! FIRST , EURUSD is forming expanding flag in higher time frame , 12H-D, The light orange Pattern is called Deep Crab, and it will happened before the blue Pattern . Deep Crab Rules : AB=0.886 XA leg CB=0.382; 0.886 AB leg ,...