supply zone should send price lower... enter after TL break ..also retesting the TL flip from an older upward trendline
A break of the current channel and yellow trend line will be my short entry. A solid break above the green line will be a good long entry. I have a long position open already from 1.16 so I have moved SL to 1.297, just to squeeze some more profit out if it bounces now inside the channel.
I think EUR USD is making a change of direction from the Double Ground Support area touching the uptrend line in M1. I have drawn the different things I think (personally) that are going to happen in the following years. We could reach the 1.6000 resistance level around 2027. Give me your opinions and thoughts on this! Carlos The Forex Dream
the first tp W pattern was hit now we wait for a nice retest to the M and sell to the second W
EURUSD may move a little more upside but im not interested in any buys right now because this is a pattern that'll break to the downside 90% of the times, and we have divergence confirming the sell so I'll be looking to sell the breakout after confirmation on lower timeframes.Will be holding until 1.1220-40 area if it gets there and I'll put it in breakeven in...
Hello Traders, Here is a classic set up of the Geo'. We have a completion of the AB=CD pattern which typically indicates that the Geo' is complete. Since 5' (5 Prime) was not hit I expect a target of the 1-4 line. The target here is based simply off of the rules of the Geo', where: Completion at point 5 = 1-4 line Completion at point 5' = Geo's Off-Set rule at...
A likely move to yellow zone. Below yellow zone is bear party.
I'm not 100% sure in the timing, but we'll see.
Here is a good example of how to use technical tools and indicators together. Based on daily chart we could draw a such trend line. It was a trading idea to search entry levels on hourly charts if price could break the line. And we could open a long trade on 1H chart. The trend line was broken, and price bounced from new support line. At the same time we could get...
I know I know it is bank holiday but what to do it is only looking bullish right now on h4 and i cannot miss this long here not that much fast move expecting from this but looking like it will continue to the top Showing signs of reversal here let us see Trade Safe
The market may reverse and go bullish. Until then I'll wait for multiple signals to short. I'd rather have 5 reasons to go short than only 1. :) Trade minimum 3 :1 Protect account 1st. Profit second Idea only
The Eur is also at a crucial resistance on the higher time frame. NZDUSD a correlating pair is also at crucial resistance
Hi. Gartley Setting up on Daily timeframe. If price action moves past B-Leg I'll be hoping to get in EUR/USD @ 1.09951 close to the support level. Adjust Stops & Targets according to your own Risk Profile. Good Luck Trading.
One of my favourite trading strategies is using MIDAS with Japanese Candlesticks and here is the checklist on how to do it. 1) Identify a trend. (Higher highs and higher lows or lower lows and lower highs). 2) Launch a MIDAS curve from the beginning of the trend. 3) As price pulls back to the MIDAS curve, draw a line to identify price structure. 4) If price...
Price is near the trend line and MA50 which are the barrier for up movement. Probably we'll see price reversal and drop to 1.1000 support line. For confirmation we have to wait when MACD and RSI reverse and start falling. Trades can be opened on daily and hourly charts. Other variant will be, if price breaks trend line and MA100. DMI will have to confirm up...
MACD and RSI formed bearish divergence and it's time for short trades. ADX starts falling and shows that probably up movement is over. Also we can have price reversal from MA100 on the daily chart. Entry is 1.1195 and a stop order must be placed above 1.1235. Profit target is 1.1105 asnd if price breaks this support level and MA100, we'll have the 2nd target near 1.0950.
We all wait for NFP, and unfortunately, I have no idea what I can see, but! I have 2 scenarios, that I light in blue triangle. Also, you can see black support, and if we break it, we can sell, or if not - buy. I guess tomorrow on NFP news plus another news would be one direction move, but teeterboard. Take care.