I am long off the bat pattern completion and oversold RSI. I will take profits around the neckline of the triple top, at which point I will be looking to short on the neckline re-test of the triple top.
Rejected the 1618 Double top on the RSI Only about ten pips of risk
Was watching this trendline the last few days, finally broke to the upside... thoughts?
Momentum seems to be slowing, long trendline has been breached.... thoughts?
Pair completed a triple cycle up on the H1 chart. We are now inside a bullish zone where I expect the pair to stop and reverse for further rally. Target 1 – 0.7440. Target 2 – 0.7520. Stop Loss – below last low created after the breakout of the trend line.
Wait for the price to reach the sell zone, then let the price breakout the up trend line and go short. We are aiming as final target the 50% correction of the last move around 1.0450-1.05 or so. Once we reach the 50% correction we can switch for buys.
This week's quick bullish Gartley on the Kiwi was overrun by a strong dollar and encouraging words from Yellen. On the daily we can see that we just put in a very strong bearish week. The long term bull-trend channel was broken to the downside. A Libra Pattern has formed. My open short position from my previous Kiwi post is doing very well. Next week I will be...
Hello traders! As you probably noticed Copper broke out the asymmetrical triangle started back in June 2016, also crossing the 200 EMA. Given the strong momentum I think it's possible that price will raise higher and retest the previous swing high reaced in mid July. Of course there's a possibility of false breakout, in that case I think price will go back to...
I want to see a break below the last low around 1.0655, then a pullback and sell. Pair reached a strong Daily resistance along with divergence which means we should be looking for sell opportunities only. Stop loss should be placed above last high. Target 1- 1.0585, Target 2 – until opposite divergence occurs or 1.0485.
There is a great up trend line coming from the bottom. I have also marked a strong horizontal support zone. Basically we are looking for a breakout above the blue dotted line. That could happen from the current market level or if the pair pushes lower and then breaks above it. The signal would be invalidated if we see a breakout below the up trend line and...
I think that the Gold probably will go until the weekly support at 1250 then maybe to the monthly support at 1200, we can see the break of the trend line from the begging of the year 2016, we need to find a good entry for a short position. Be careful and good trade :)
(i) Valid bearish break of trendline - Initiate short positions (ii) If price action re-tests trendline & moves up - No trades (iii) For upside move, as per my rules risk-reward not favorable, so I will look for only shorting if trendline breaks There are potential pattern setups in NzdUsd I will update them when its about to complete. Before entering anyside...
This is a break out formation with very good decline percentage, You can sell aggressive the break or you can wait for the pullback (63% chance for a pullback) Target is the bottom of the trendline
look for the price to enter the buy zone. Then draw the most recent down trend line and wait for the breakout above it. We want a small correction after the breakout, where the buy entry would be. Stop Loss – below last low. Target 1 – 1.7250. Target 2 – 1.7780.
NZD/CAD shorts nearly in play, waiting for the close of the second bearish candlestick to go short on the break of the TL. Down side targets of 0.93100. 1:3 risk reward, lets see how this one plays out!
Buy dips in crude oil as long as 42.70 supportive zone holds the price above. The commodity did a breakout above the most recent down trend line on the H4 chart, re-tested it and it is now set for further gains. Stop Loss – below last low to be created during the pullback. Target 1 – 46.00. Target 2 – 47.00.
Look for one more low, then break above the trend line, small pullback and go long. top Loss – below last low created. Target 1 – 1.4890. Target 2 – 1.5030.
USDCAD breakout trendline with a buy stop to reach 1.331 area