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USDCAD - Potential Bullish GartleyThere was a break of the bearish flag on the 1H (see orange lines) and there was a break of B leg of the potential Bullish Gartley Formation on 4H on USDCAD. This is interesting opportunity because if you look left you will see that market ended the sequence of NSL and OR also known as a bearish trend. There was a NSH at 9th May that signaled for a bullish rotation and there was an OR(X leg for the Bullish Gartley) followed by NSH - this is a confirmation for new bullish trend in play. So we can take the potential Bullish Gartley as a reason for entry and hopping on the bullish trend. We will enter right @ D completion or 1.272% of AB, but you can look carefully and see the bearish flag(you will see it better on 1H) so be careful with your targets on that flag - because there should be lower from D point if you go for equal measured move for target on that flag. I will shoot for 0.382 for target 1 and a retest of A leg for 2nd target but you can still go for conventional targets. If you look to the left once again you will see previous NSL - a structure level, stops will be below it. - there is a breathing room for the stop. Entry @ 1.2837 Min Stop @ 1.2723 Initial Target 1 @ 1.2970 Initial Target 2 @ 1.3052 Good Luck!
Long
by Aleksandar_Rose
EURJPY: BATOn FX:EURJPY , the market is not trending . However, the harmonic bat pattern appears which gives an opportunity to go short. The price was going up on Monday and the next swing high is a good level buyers to lock their profits and sellers to step in. This will result to price dropping. T1 - 38.2% T2 - 61.8% ----------------------------------------------------------------------------------------------------------------------------------------------------- Top 10 Forex Brokers List - www.best10forex.com Best Binary Options Brokers - www.binaryreviewed.com
Short
by Art_of_Trading
EURUSD: Follow the TRENdOn FX:EURUSD , the market is going upward on 1H bars. It makes Higher Highs and Higher Lows, which is an indication of bullish trend. The price are close to previous Higher Low and the impulsive leg is expected. There is a support level at 1.1165. It was acted as resistance and then after broke out, became support. The price respected that level few times and it is more likely it will bounce again. The good entry point to go long could be fibbonaci retracement 61.8%. More conservative traders can wait the market reversal and confirmation bar and then enter. It is expected that this correction leg will be finished soon. ----------------------------------------------------------------------------------------------------------------------------------------------------- Trading Books Online - www.trading-library.com Top 10 Forex Broker: www.best10forex.com
Long
by Art_of_Trading
GBPUSD - Potential Trend Continuation Opportunity on 15MI'm looking at a potential trend continuations trading opportunity for the next week, here on GBPUSD 15M. I'm looking for the price action to go lower in to potential kill zone - I've narrowed it down with harmonic move and fibs, that aligned right at structure. Whatever method you choose for targets you will get nice r/r - - stops below structure and targets retest of the high/fib correction/structure. Good luck. Alex Von Rose Professional Trader and Founder of www.beaprofitabletrader.com Twitter/Instagram - @Alex_Von_Rose
Long
by Aleksandar_Rose
EURUSD 1HR: Two Structure Levels for ShortsI've explained this trade in detail during my latest Weekend Review video (link below), so i'll try to be brief. Like everyone else, I want to buy Dollars & Sell Euros based off of the fundamentals. With that being said it's important that we don't try and jump on the bandwagon because that's how a lot of rookie traders get burnt. Rather, we should stick to what got us here, the technicals and use our skill of technical analysis to predict where the next relief rally will end and find a low risk opportunity to get involved. (By low risk I mean, putting myself in the position where my potential profit is larger than my potential drawdown). As mentioned in the below video, I like the higher level of structure a lot more than the lower one, but both are worth keeping an eye on for the next leg down. It's crystal clear that the U.S. wants to raise interest rates. The best guess is September, but they have left it open by saying it depends on the economic data. I still believe that this market is prime to ignore any negative USD data (unless it's drastic) and waiting to rally on any "at expected" or positive USD news. These opinions won't affect my trading as far as looking for long or short opportunities, but they're good to know especially if the opportunity comes to shoot for extended targets. Have a great week traders and make sure you check out the other videos in my Weekend Review Playlist. "Maybe I Got Too Fired Up" www.youtube.com
Short
by Akil_Stokes
4
EURUSD / 1HR / POTENTIAL STRUCTURE SHORT (VIDEO)TRADE IDEA VIDEO Can be viewed @ starprosper.com This trade idea is based on the fundamental news and is not to be taken on a literal sense. This is my trade that I'm willing to take based on Technical analysis and what's happening within the economy and sentiment. To view my entire trades, please view the latest video @ starprosper.com I post trading videos daily and look forward to trading with you soon. Star Prosper Philip Stewart
Short
by UnknownUnicorn168204