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Evenhandle

Double Bottom at previous ResistanceHi traders, today in my morning analysis i've spot this opportunity in AUDJPY. My analysis starts from higher timeframe. In this case we are sitting in a previous 4HR resistance that could become support. The trend is our friend and we want to hop on that as soon as it gives us a reason for entry. So here we have a double bottom in 1HR with an engulfing candle (marked with the arrow). In addition, we are also near to an even handle number (79,00) that usually makes the markets react and we can see RSI divergence. My levels are: Entry: 79.09s Stop loss: 78,69s Target1: 79,48s Target2: to be evaluated Hope you understand my reasons, for any question don't hesitate to ask. See you soon!
Long
by Roker1
1
Potential Cypher + GartleyHey traders, to start this week doing my evening analysis found very interesting opportunities in few pairs, one of them is EURJPY. We got a potential Cypher pattern at a minor level of strucutre. IF the pattern completes and fails, we got another opportunity to enter long close to the even handle number of 113.00 where a deep Gartley can potentially complete. I'll leave my orders placed in case we hit the Cypher entry overnight. (Regular targets for me .382 / .618) Keep it simple, and focus on the process. Twitter: @JeanC680 Jean
Long
by JeanConsole
Long play fro support within a daily pullback for a continuationThe corrective pullback on the daily chart after a strong move suggest a bullish continuation and another attempt of breaking through 1.13000. One option is to go long at minor support within this bearish channel at around 1.11400. The second option is to go long at the bottom of the channel for a more conservative play. The first target is pretty conservative around 1.12700 and the second target is a bit tricky. If this plays out and the bulls manage to come back I would neutralize risk as soon as target 1 is hit and then monitor how price reacts to the 1.13000 even handle which has acted as a strong resistance since the end of 2014.
Long
by Sascha_Gogolin
Don't buy her that silver bracelet! Time to get short! Let's make a case for getting short here with Silver/Dollar on based on the techicals. Like most 60 minute traders, I use a 4 hour high time frame for the support/resistance lines to be drawn. We see a Gartley pattern completion nearing the 14.00 even handle which has acted as previous structure in the past. There's also a 1 to 1 measured move completing in this same area. What more could you ask for? Keep your eyeballs on your preferred Oscillator, because my RSI looks to be heading oversold by the time that price action reaches that same area. As it stands right now, we have a decent combined technical score. AB=CD pattern - 2 points Gartley pattern completion - 3 points Major structure - 2 points Ratio confirmation - 1 point (we have the .382 retrace lining up in the killzone of the larger leg. This is a combined technical score of 8. Not too shabby. BEARISH GARTLEY PATTERN at 14.00 Stops are at 14.090 (the 1.13 Fib inversion of out X to A leg) Target 1 13.913 (the .382 fib of the A to D leg) Target 2 13.855 (the .618 fib of the A to D leg)
FX:XAGUSDShort
by BennyManieri