Wolfe Wave WTI(USOIL) shortPossibly shorting USOIL from the small green zone due to this very good looking Wolfe Wave. Confluence is an ABCD pattern and S/R zone on the higher timeframes.
Stoploss and profit is on the chart, good luck!
RR
GBPAUD Bat patternGBPAUD is forming a bat pattern, and the completion of the pattern will be at the daily support trendline. It gives us a good RR.
AUDJPY structure engulfingSo AUDJPY came to a previous structure and put a sell signal for me, so im gonna wait for the weekend to be over and gonna short it with 1 RR
EURUSD short/long with a great Risk/RewardMACD is still facing upwards so I'm only using a small position size. But won't miss out on that trade. Much to win, less to lose.
CLX earnings & swing tradeCLX earning looking good with historical value.
Price broken through 2 layers of support and reaching a 3rd.
Long position for earnings and in case of S/L skip, remaining long back into channel.
Long position:
Risk: 1.5-2.5% according to apetite. $115.00 S/L.
Reward: 10% reward potential. $130.00 will take a 50% partial
GBP/AUD - LONGInverse H&S formation on the Daily TF which we have just completed the RS and are currently in the BUY ZONE. Upon the break of what was acting as a previous support (now resistance) of 1.70525 I will be looking for a long entry. Most likely looking for a break above the 23.6 fib. Just over 2:1 R:R Ratio, will keep my eye on this as the day progresses.
DXY - USD Dollar Index could change Long RR Ratio >3:1DXY - USD Dollar Index could change Long RR Ratio >3:1
USDCHF SellUSDCHF slowly moving upwards but there's not enough momentum to push it further, reversal looks possible towards the median line.
There's a good Risk Reward entering at the top of the pitchfork range for almost a 1:8
Good trading all!
GBPJPY POTENCIAL SHORT GREAT RR
-NEW SIGNAL-
INTRADAY TRADE POTENCIAL SWING TRADE
Type: Market
Date: 30.5.2016
Technical: DAILY TRIPLE TOP
Pair: GBPJPY
Timeframe: DAILY
Trade: SHORT
Entry at: now 162.684
Take profit 1: 155.381
Take profit 2: OPEN
Take profit 3: OPEN
Stop loss: 162.951 ( 25 pips )
Our risk: Touch trades/Wick plays = .25-1% risk depending on the situation
EURJPY CHANNEL BREAKOUT AT STRUCTURE: HOPPING ON TRENDSaw a break above previous resistance.
Retraced in form of a channel.
Broke above channel and now looking for upside momentum. Stops and Targets as shown. TRADE YOUR PLAN
Good luck!
Felix
A Head and Shoulders pattern targets below 1.26I believe to have found a H&S pattern on the daily chart in UsdCad
I am selling below the neckline - SL at 1.36, target of the H&S is around 1.2550
UsdCad put in new lows on Friday, after the data releases (and bad number on earnings)
Also Crude Oil is on the way up again - next target 38-40
The combination of these two will probably bring Usd down more the coming week(s)
I am hoping to sell a bounce back towards the neckline around 1.34 - 1.35
because these pattern do not work a lot of the time
If it does work and neckline holds, then I will be looking at a 8-1 RR ratio
This a long term trade and could take a number of months to play out
NZDUSD looking very bearishBearish PA:
Tweezers at Desc. TL Rejection
also CTL retest
Tweezers also occurred at a daily 61.8% fib bounce level
Pair has been in down trend for some time and after a short burst up formed
a double top and has started putting in lower lows and lower high's.
Prediction of low in Xag/Usd 12.6Monthly trendline up from 2002 lows comes in at around 7!
Monthly trendline down has been broken to the upside and has held
But fibonacci expansion 0.61.8% from last two moves up are both just below 14
If price breaks below 13.8 again we may see 100% fibonacci expansion level from last move - at least!
This is just above 12
So: buy between 14 and 10.5 (100% fibonacci expansion level from initial move up after break of monthly trendline down held) and target at least 38.2% fibonacci retracement monthly - lows to 50
So: around 22 TP -- SL below monthly trendline 7
I am in 100USD at 14 - so SL will cost me $700 - TP(0.5) = 22 (first TP) = $400, second TP(0.5) = 61.8% = 37 = $1150
My prediction is that low will be Xag/Usd = 12.6 = 100% fibonacci expansion of last move
A year later we will be above 30
AudUsd long setup based on MA and trendlineAudUsd is moving towards a buy position above daily trendline support
MA 50 is broken to the downside - SMA 50, yellow line
I will wait for MA100 to break and buy above trendline support - SMA 100 green line
TP is below double top and MA200 - red line
Nice setup for a Short in GbpNzdI think I have found an interesting setup on the 4 hour chart in GbpNzd for a short position
Price is currently right below 100 Simple moving Average
and just below 38.2% Fibonacci retracement level of last move down
these combined resistance levels should hold the price below,
and pair is already bearish being below daily trendline and a top seems in place daily-weekly
I have put my stopp loss just above 50% fibonacci retracement at 1.3604 / just to be sure
My take profit is the 61.8% fibonacci expansion level of last move
and is jus above 1.32 // I plan to TP just above this possible target
Nzd/Chf Bullish above Fibonacci Expansion TargetNzd/Chf is showing a nice Bullish engulfing candle on the 4hr chart
Just above 61.8% Fibonacci Expansion target - which now could act as a support
The Stochastic indicator shows a slight bullish divergence too,
and price seems to be rejecting the lows around 0.6260
I am long Nzd/Chf with a first target of taking out previous highs around 0.64,
second target is 23.6% daily Fibonacci retracement level around 0.6550
This is very nice RR ratio if low is indeed in place here,
Open long: Nzd/Chf: 0.63 -- SL: 0.6250 -- TP1: 0.64 TP2: 0.6540
p.s. Excuse me for posting this idea twice - I thought I did something wrong the first time
