After the breakout of the D1 triangle price is not correcting itself and once the most recent down trend line (yellow dotted line) get's broken up we can wait for a small correction and buy. Stop loss – below last low. Target 1 – 1.0920. Target 2 – 1.0990.
Hi traders, On the AUDUSD we can see that the blue trendline has been broken. I'm looking for a small retracement and then enter short. Stop goes above the breakingpoint. Entry: 0.75523 Stop: 0.76082 Target: 0.74628 = R:RR 1.60 Good luck! Updates will follow.
The bearish divergence is already taking place on the H4 chart. At this place or even after another push higher (potential false break) we should be looking for a breakout below the up trend line (blue). To recap – wait for a break below the up trend line, wait for a small pullback and short. Stop Loss – place the stop loss above last high to be created. Target...
After the release of the Manufacturing PMI this morning with actual figures being better than previous and forecasted figures there has been a spike in GBP up to the two descending trend line channels of which have been rejected up to now. I am expecting a little bit more retracement to the downside following this spike, however will be looking to see if there is...
A breakout above the down trend line and a small pullback down before buying. Stop loss – set your protection before the last low created Target 1 – 1.5440. Target 2 – The upper triangle trend line (h4 down trend line) or once we get a bearish divergence.
Sell the pair with the breakout of the up trend line in the short term. Once we get bearish hidden divergence on the h1 chart start looking for buy entries to switch as I expect the pair to continue higher.
GBPUSD 4H - Will be bullish until hitting the first target. Once breakout, it will continue to hit second target. However, it would be bumpy going up. So, be careful with the retracement and set your stop loss appropriately. Happy trading everyone. Please leave your comment and other ideas.
The price action breaks out from the prevailing downward moving trendline and indicates bullishness. Targets can been taken to 61.8 Fibonacci levels at 495, stoploss 464
Wait for price to reach the 1.3350 zone first of all and then watch out for the up trend line breakout. Once the breakout happens, look for a small retrace and go for a sell. Stop loss - above 1.3350. Target 1 - 1.3050 Target 2 - 1.2880
GBPSGD try to breakout daily trendline and go towards 1.81
trend line breakout and RSI divergence and take Fibonacci retracement 23% support it can go upto 778 1st tgt
On the H4 chart we can see that the most recent up trend line was broken already (blue dotted line) and price is now re-testing. It is crucial for the pair to remain below 0.7725 for this scenario to be valid. Close above it would most likely mean that we are going to see further continuation up so we don’t want to be involved. If however price bounces off this...
If the pair bounces off of the bearish trend line we will be looking to sell. Ideally I want to see one more push higher, reaching the trend line and creating a false break. Next step would be a breakout below the up trend line (dotted green line) and most recent low. Once that happens I will be looking for a re-test of broken TL and correction before entering a...
Esperemos que el precio rompe el soporte diario para entrar en venta hasta el próximo soporte semanal junto a la linea de tenencia diaria.
USDCAD is showing short term and long-term weakness. Many indications of an upcoming drop, followed closely by what could be a rebound toward the unhit daily pivot before further bearish movement out of the rising wedge. See chart for more details. Happy Trading!
We have already seen a bearish false break on the H1 chart. Price has also broken down the last low, just now. We are now in the final step, where we want to see a pullback and sell from there. On the M15 chart ideally we will see a double wave up and then we can sell if bearish divergence forms. I have marked for you a sell zone where i expect the pair to stop...
Scenario:1 - If we have valid close above trendline enter long in GBPJPY around 135's & targets around 136's Scenario-2: It may reverse after touching trendline, so in that case Short GBPJPY Entry @ 135's, Stops - 135.7,Target - 134's or lower down move Hit Like button to keep me motivated to post more ideas...Thanks for your support ! Happy Trading !!
I will be looking for a breakout below the long term trend line coming from the bottom along with the strong support level around 20.00. It is important to wait for a pullback after the breakout in order to get as better risk – reward ratio as possible. Stop Loss should be placed above the trend line and last high to be created. Take profit – first part you can...