Sunday analysis; 2 ways to trade. 1. As you can see there is a possiblity if the market continues to go down that there is a head & shoulders. 2. If the market breaks the upper trend line, you can buy up to the blue rectangle. (If there is a break out even go higher) NOTE! Head & shoulders is not yet formed.
Possible short on the EURUSD for about 20 pips. It is in a minor trend north but is currently tapping resistance level 1.1194 in a recently formed channel.
-NEW SIGNAL- SCALP TRADE Type: Market Date: 26.5.2016 Technical: Pullback to our sell limit Pair: GBPJPY Timeframe: H1 Trade: LONG Entry at: now 160.750 Take profit 1: 162.390 Take profit 2: / Take profit 3: / Stop loss: 160.000 Our risk: Touch trades/Wick plays = .25-1% risk depending on the situation
STRUCTURE SUPPORTS LOWER LOWS TO BE EXPECTED HERE 38.2% TREND LINE 1.1150-1.1170 REISTANCE PIVOT ENTRY& 50 EMA
Breaking through the support -> Short . By taking a close look at the candle stick chart, you can see "Hang Men" Candles, which signals a trend change. USDJPY will first run out and than will change to a downward trend . If it than going break through the resistance, which originated in October 2015, downtrend will be confirmed!
After seeing price show strong bullish run... looking to take this counter trend trade set up on this price break of 2.0333 1:1 60 points 1:2 120 points 1:3 180 points @ 618 retracement Stops ' @ 2.0394 (60 Point)
ANOTHER CONFIRMATION TO MY PREVIOUS BIAS GOLD LAST WEEK DOUBLE TOP REJECTION FROM THE 38.2 FIB LEVEL INDICATES WEAKNESS WE HAD A TREND LINE BREAK LAST WEEK AND NOW SEEMS IT WILL MAKE FURTHER DOWNSIDE MOVES OFF THE PIVOT POINT FROM LAST WEEK TARGET 1220 AND BELOW
Price broken below 159.99 level, after showing indecision... Expecting an exsplovie move back to 158.11 area 200+ Points 1:2 + further targets?
Hey guys! Its been a while :) found a double top pattern on the NZDUSD yet again! Trade below the neckline! Don't sell before it! Let me know what you think! Good luck everyone! :)
on the 4H chart the long term resistance line has just been touched. this has been followed by a nice engulfing candle setup. the recent uptrend support line has also been broken. the 1H chart also shows what looks to me like a head and shoulders setup. all of this is telling me that i believe it will go short.
ENGLISH On the daily chart we can see that the S&P500 remains below the moving average of 21 sessions and has well defined its support line horizontal reference around 2,040 points, which has been holding since early April . Besides the technical aspect , corporate results continue to be weaker than expected in year basis , just as economic growth data continue...
We have recently seen a sideways move. We saw a big bearish movement and quickly lots of buyers got back in. Maybe market makers were trying to eat stop losses. Now, the market could continue to fly as the market has made new highs on weekly timeframe. Ttrend could continue.... Let's see what happens...
We have just seen a good retrace on 1h timeframe. Which has confluence on the support of the 10th of May and also the 38% fib retrace. The weekly candle closed really bearish and we recently have seen two dogi candles on h1. We want to reach the -27 fib extension.
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There has been formed a head and shoulders on h1 and it is recently been broken. We would love to see a 4h candle closing big and engulfing above the 0.739 level, which it looks like is soon going to happen. The Take Profit won't be till the supply zone. It will be till the 61.8 fibo retrace of the downwards impulse. Let's play it safe.
Look at jumping in on this down trending market at 0.8775 level if price can break below... Price has retraced, testing new Resistance, now looking for the signal to short this market. Stops @ 0.8793 Good potential reward on this set up, 1:2 initial targets, further targets @ 1:4 + if market continues to show bearish momentum.