Trendcontinuation
GBPUSD - Bull Flag Forming Yesterday I shared an idea on the GBPUSD talking about a potential move higher to the $1.31-$1.32 levels and there being 2 ways to attack that type of trade.
1) The pullback trade which was featured in yesterday's post and 2) A breakout trade which I'm featuring today.
Currently price action has come off of a high momentum Bullish move and is now in a period of short-term sideways consolidation. This particular pattern formation is called a Bullish Flag pattern and the prediction is that we will see a continued move higher from it. Essentially the market is has made a big move, and is taking a break before the continuation of that move.
Aside from the high and tight flag, breakout patterns don't necessarily offer the highest win percentage. But if you're like me, meaning you can care less about win percentage, you'll notice that the risk reward is often in your favor with these types of moves.
Akil
Excited for some College Football this weekend! and USA v. Brasil competing up the street from me!
AUDCAD Trendline Retracement - Fibonacci 61.80% BuyAUDCAD Trendline Retracement - Fibonacci 61.80% Buy
** AUDCAD ** Short Order Pending **Trend Continuation Trade
Order pending at 0.94164
T1: 36 pips
T2 72 Pips
** USDJPY - Short orders Pending **Although my bias was bullish from looking at the DXY Yesterday, todays movement has shown some weakness in the Dollar
Pending Sell stop at 110.923
T1 1:1
t2: 2:1
EURUSD 1 Day - A Shift In Longer Term ViewsI'm taking some time off from trading with the addition of a new family member, but of course I couldn't completely stay away so I wanted to come in and give you a quick update on my EURUSD views. (For some perspective you may want to go back and look at my previous post & videos discussing the Euro)
With the violation of the neck line we officially have the completion of a head and shoulders bottom which has formed right after the completion of a bigger head and shoulders top. Despite this being a classic reversal pattern, there really isn't too much room for expansion within the key level of the underlying trend.
So here are my views.
As long as price does not violate the blue line, then my overall bearish bias remains. HOWEVER, if we end up violating the green line then I'll be looking for yet another reversal in trend and a move that can continue much higher.
If price remains inbetween those 2 levels then I honestly have no interest in the pair until a clear direction is determined.
Akil
** GBPUSD - Short Order **Short continuation idea.
pending sell stop set at 1.27950 5 pips below recent lows on the 4hr TF
Initial target is recent structure lows 1:1 risk and then a 2nd target at the 1.27 inversion of the pull back on the Daily Tf which falls in line will lower structure.
SPX Imminent retest of channel support: Rejection from ATHCompare to 6/14 Harami cross. Identical price behavior 8/21-23 c/w 6/12-14 and 8/7-9. Slapped down hard from high channel retest after 8/21 high.
All the Doji have been seen- pin bar, shooting stars, Harami crosses, engulfing bears, Red Shooting star today. Perfect setup for lower and soon- imminent.
Today I observed a bear flag all afternoon following the sharp intraday correction on 15m charts. Daily chart on 8/23 looks eerily similar to annual chart, past six months!
Expect a harder test than last time. Probably at least to 2791 as shown in graph, maybe lower; WS2 at ~2777. Gonna be a choppy week.
We have convergence of twin C waves bearing down from 08 Feb and 27 Jun A wave downspikes, rolling together now will bear down hard.
Batten down the hatches- good luck!
This isn't investement advice and I ain't no advisor. This post for amusement and education only. Enjoy!
EURUSD - SHORT Trend continuation
tekkers done from 4hr charts downward which imo provides a good probability of price reversing at this level.
Orders placed at 1.16244
if they get filled will update
EURAUD - Short - Trend continuation.
Price has respected the 8EMA along with a potential cross on the MACD
Orders set at 1.57270 level
Will update if orders get filled
AUDUSD Trend Continuation GartleyGartley pattern forming. Looking to sell this pair into downtrend continuation.
very nice RR
USDCAD - LONG AGAIN? [SWING TRADING STRATEGY] USDCAD
1D : Can Clearly see that Bullish engulfing happened. Then Price Break Resistance Line (Resistance Become Support) @ 1.3100
Target Buy
4H : Price is doing retracement. Wait for buy signal @ minor snr lines (black dotted horizontal line) Preferred buy level is at BRN level.
Target entry:
Buy Limit @ 1.3100
SL @ 1.3050 (50pips)
TP @ 1.3200 (100 pips)
TAYOR
ETP trend continuation Wut ? Doc says it's a sleeping giant ;)
ETPUSD is bullish and did an instant correction few days ago (or a pump and dump... ? :p )
Anyway, trend is continuing, and it's moving in an upward channel. It's heading to key resistance levels (2.8 and 3USD).
We can see that MA90 provides a very strong support. If it holds for some days, we could see a strong up move.
BUY : Around 2.5 support, or on MA90 level
SELL : Resistance line 2.8 and 3
STOP : MA90 breakdown
Cheers cryptoshaggerz !
**NOT TRADING ADVICE**
Manage your risks properly, and always trade with money you can afford to lose totally
BUY USD/JPY1. price retrace back to MA
2. FIB cluster :
- 38.2 fib retrace long term
- 61.8 fib retrace short term
3. previous structure/support level
EUR/CAD - Bears waiting patientlyEuro bears are currently sitting on their hand whilst the Bulls push the pair further to the upside, to retest the horizontal resistance levels. Additional confluence is also offered by the fibonacci retracement and EMA cluster
before the Bears take back control..
USD/CAD BEARS Could be in controlUSD/CAD
Potential further downside continuation based on the 'trend continuation startegy, which also couples up & coincides with our Bearish analysis based on our trend-following strategy.
Our current analysis based on 'trend-continuatuion' shows price currently ranging within an intra-day pattern. There are two potential scenarios here that we will be looking for, either a bullish break impulse move to test the horizontal support level and cluster EMA zone before further selling pressure. Alternatively, if the chart pattern plays out, we expect a downside break to test the horizontal support level.
We must factor in the 'high impact' economic news later this week from the US, which will affect the US Dollar - FOMC and Non-farm payrolls.
www.intelligenttradingacademy.com
Rising Trend Line on EURCAD Daily Chart
EUR/CAD is flirting with the 1.5200 major psychological handle, which is just above a rising trend line that hasn’t been broken since the start of the year.
I'll go long if a bullish candle open and close above the trend line.
GBPUSD 1HR - ADVANCED PATTERNS TREND CONTINUATION ANALYSISHi Traders, thought to get this analysis up for those who trade this pair and things we have going on, I have already published the recent 4HR Big Bat Pattern.
As price action climbs towards our 88.6% Entry level, we can see some other things forming at the moment. Price action is just sitting at our 1.272 Fib Ext from both the Cypher's X Leg to A leg, and also that psychological price level 1.32000
We can also see a trend continuation trade here as we have created a new structure high, if you follow it down we see NSL New structure low, then a test of that structure, breaking upwards of the NSL Outside return, then a retest creating our Initial Structure High, look left the purple arrow resistance then becomes support. We then break above for another retest, again previous resistance becomes support, and there we have a NSH New Structure high with potential of price action continuing upwards. Trend traders would look for a pull back for the retest looking to enter as previous resistance should become support.
If we fall below this retest from the current position where price action is we also have a potential long opportunity for 2 Cypher Patterns. Keeping in mind these 2 patterns are only valid if we do not close above the 1.414 Fib Ext of our Cypher XA Leg - either way if price falls now or continues upwards we have some opportunities.
If price action falls below from this current position, closer to our B Legs for the Small Cypher, I will post up the 2 x Cyphers with the Entry and Targets.
