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Structure-trade

Bullish Bat Pattern NZD/USDPotential bat pattern identified on the 4 hour time frame on the NZD/USD. With completion at the 0.886 retracement and 1.618 extension of the X-A move and C-D move respectively. The completion point also falls on a major support level from the higher time frame; and we can also see some RSI divergence occurring in comparison to the latest market lows. Target is going at the previous level structure high and 0.618 retracement of the C-D move. Stop is going below the next level of major support.
Long
by CarlosPM
AUDUSD - An Interesting LevelKeeping an eye on how AUDUSD trades at this key level of previous structure support. Tomorrow is a massive news day in the market for both the Aussie (retail Sales/Trade Balance) & the Dollar (ADP/ISM) so we should have a clearer picture of the markets decision by tomorrow night. Not the same type of setup, but very similar to the $EURUSD long that we took in mid August. Akil - The Washing Football Team & The Eagles are a lot better than I anticipated, Dallas needs to step things up if they want to win the division!
by Akil_Stokes
15
4 Hour Bearish trend continuation tradePrice Action has created a new Lower Low increasing further to the down side. Now we have seen a relief move where price action has retraced back up to a previous support level looking left (around 0.72280) We also have a Fib confluence level (618) and a oversold signal on the RSI. Will be taking 2 positions Target 1 0.71400 retest of the lows (And even handed number) Target 2 0.7890 once target 1 is hit will move stops to break even and trail down to this level
Short
by LukeFagan
A simple and effective crude oil trade Trading can be simple. You do not need 10 factors, or trade enhancers to take a trade. Armed with a simple RSI, knowledge of structure and trend is good enough. Currently, crude oil has found support on a previous support on the daily chart and rallied into the close of Friday. For traders who want to long, well they got it. Now they have given the advantage to the bears. The entire red zone is the zone where i'm looking to short. So, in short, on the 4 hour chart i am looking for a "lower high, lower candle" within the red zone($49 to $50.50) for entry and target previous support structure at 47.25 to 46.50. Stop will be about 50.60. I am definitely going to take partial or at least tighten stop because crude oil is trading in a enlarged range with volatility. Hope this ideal helps fellow traders who are looking for shorts on CL. God bless and good luck!
NYMEX:CLU2017Short
by trutt79
2
GBPUSD- The Next Trend Trading Opportunity last week we fired off a long opportunity here on the GBPUSD at the 1.3060's level looking to capture initial profits at a retest of the previous structure highs. Now that we've reached those highs, the market is going to offer us another "decision point" A break above close above at this decision point would tell me to expect another extension higher where pullbacks can be used to hop on the bullish move, while a failure to break this level would lead me to expect a deeper pullback. IF we get the deeper pullback the next buying opportunity will be at a retest of previous structure support where I initially got involved in the trade at. An even deeper pullback and violation of that level would provide pattern traders with the opportunity to buy at the completion of a bullish Gartley Formation. Akil
by Akil_Stokes
10
A RISKY BUT VERY PROFITABLE SHORT ON AUDUSD!Lately the AUDUSD has been ultra bullish with non-stop rally but... TECHICAL OBSERVATIONS 1.We have RSI entering 80's area signaling an overbought market. 2.We have also Stochastics in overbought area. 3.We notice also Fibonacci confluence as we are at the 1.414 Fibonacci extension from the last swing. 4.We approaching great weekly resistance and psycological number at 0.80 level. 5.We have also the critical 1.618 Fibonacci extension at 0.80 level from the last swing. 6.We also have a completion of a CD leg of a bullish shark pattern. POSSIBLE SHORT TRADE: BUY STOP AT 0.80220 ABOVE 1.618 FIBONACCI EXTENSION AND PREVIOUS HIGHS FIRST TARGET T1 AT 0.77100 AT PREVIOUS STRUCTURE AND FIBONACCI LEVEL SECOND TARGET T2 AT 0.76130 AT PREVIOUS STRUCTURE AND FIBONACCI LEVEL HAPPY TRADING AND HAPPY PROFITS! THANK YOU FOR SUPPORT
Short
by The_Greek_Trader