EurJpy 1H chart shows a broken resistance trendline. This trendline is broken and now it is being retested. The sell stop has been placed below the previous low. In case the price hits that level till 23:00 (next 3-4 bars) the sell stop will take effect. The MA has crossed which indicates a bearish movement. The EXCELLENT confluence, which is quite surprising is...
Hey traders, The bitcoin has been moving sideways for the last few weeks, forming a bit if a triangle shaped thing. My guess is that as soon as we break the light blue trendline to the upside, we will go to the moon and beyond on the bitcoin.
The wedge has been broken and now seems to be getting a re-test. Watch closely for a bearish bounce. Fib levels also align well here for added confluence. Wait for confirmation close to sell. Happy trading
Update for the Sell Idea that we are following from last week. On the H4 chart we will have a second false break if the current candle closes 0.7067. A break below the most recent trendline and the most recent low is what I am looking for on the H1 chart. Look for a small correction after the breakout and then enter to increase the risk reward ratio. Final...
There is a H4 chart bullish cycle ending. We are looking for sells. H1 chart lower lows created already. We want to go short with the breakout of the most recent m15 up trend line. Protection above 0.7220 Target 1 - Risk - Reward ratio of 1:2 Target 2 - 0.7070. Target 3 - 0.7020.
AUDCAD SHORT term (trendline breakout+reversal pattern)
USDSGD LONG term (major trendline breakout+reversal pattern+ 61.8% fib rejection)
D1 cycles seems to be completing itself. On the H4 chart we saw divergence followed by convergence. Now final phase is to wait for a correction. Ideally this correction will come in the form of double wave up. Then with the break of the of the most recent up trend line we can short. Target 1 – 1:2 Risk:reward ratio Target 2 – 1.4620 Stop loss – above the last...
(M.A crossover + trendline breakout expected) LONG term (wait good breakout(STRIKE zone)
GBP/USD After the climb starting from the bottom of period, it reversed his race to 1.30. The break of bullish trendline could bring the price to 1.25-1.26 area, but we still have the idea that this is a retracement movement and that 1.25-1.26 area can provide sufficient support to reset the bullish movement.
Thos who would like to play the Long side of AUD/USD may find an entry at this key support zone
Retested at trendline and 100 EMA in 5 min chart. Target will be old resistence or 100 EMA in 1h chart.
Sell rallies, preferably with trend line breakout and bearish divergence to form on the H1 chart, as long as the top of the range is holding and the bottom of the range was not reached. Protection above the top of the range. Target 1 – bottom of the range. Target 2 – 81.50. Target 3 – 80.50.
Longer term trend is still bullish. I'm looking for a breakout above the most recent high, followed by double wave correction and then I will go long with the trend line breakout. Protection should be placed below last low created. Target 1 – R:R 1:2 target 2 – 1.81
Finally Gold trades above the inner downtrend line. Chasing B of the correction leg. Probably at the mid- or outer-trendline
First target almost achieved. After TP a short order is triggered on the BatPattern. Doesn't´t happen all the time but when it does its amazing!