Balazs

Balazs Updated 

Looking back we see some previous 2618 trades within this pair. Mainly an obvious double bottom indicated a trend reversal and then a 618 retracement before the bigger move up. Now we see a recent break of the lower trend line with a possible double top as further confirmation of a sell. As usual, wait for consolidation

Balazs Updated 

We have some good confirmation for a SELL opportunity as we speak: 1. Recent double top and retraced to 618+ level (2618 valid) 2. Higher time frame down trend 3. Price bounced off top trend line a couple of times and didn't break Good risk to reward ratio.

Balazs

A bigger bird's eye view gives us a better perspective of what's going on and also what's more likely to happen. Recently (few months back) saw a bounce off the bottom trend line (a low which hasn't been broken since 2001. On a daily chart the upper trend line is expected to break and then we will BUY after consolidation.

Balazs Updated 

Possible more sell opportunity on this already downward move IF it breaks below consolidation. As usual, good risk to reward ratio. But managing the trade is key with preferred BE (break even) stop loss once the trade moves in your favor sufficiently.

Balazs Updated 

It already happened but a good lesson for next time, don't worry there will be lots of opportunities. We saw a double top & fulfilled 2618 right at the top trend line (indicating reversal). It retraced to the 786 level (nice entry) and went all the way down to the 127 fib extension (a profitable second target). Now, we have an even larger incomplete 2618 coming...

Balazs

We had a nice double top at the higher time frame upper trend line, retraced to a great entry of <886, and dropped as expected to the 127 fib projection. Now consolidating, we could see a further drop to the 1618 level or lower. Caution: Slight possibility of the current consolidation turning into a double bottom.

Balazs

We had a nice double top at the higher time frame upper trend line, retraced to a great entry of <886, and dropped as expected to the 127 fib projection. Now consolidating, we could see a further drop to the 1618 level or lower. Caution: Slight possibility of the current consolidation turning into a double bottom.

Balazs

We have a dilemma before us. USDJPY has a double top and nearly active 2618 trade, where EURJPY has a double bottom (see image below). So which one to take? If both behave as expected than we have double confirmation that we will have a brief SELL opportunity very soon. But the EURJPY double bottom hinders expectations of second and third targets for a sell.

Balazs

We see what looks to be the second double top (2618) trade in this down trend, bouncing off the top trend line. Excellent risk to reward ratio available. PS - for extra confirmation to sell, check out this massive developing triple top on the monthly time frame

Balazs Updated 

Broke upper trend line of monthly downtrend, looking to buy after consolidation.

Balazs Updated 

Could be another BUY opportunity after consolidation, but watch out! This pattern could become a double top, indicating reversal...

Balazs Updated 

We're talking super long-term, monthly chart on EURUSD. Broke below main trend line and consolidating. If passes below consolidation trend line, time for long-term SELL and no looking back! In the mean time, smaller time frames show additional short-term selling opportunities :)

Balazs Updated 

You may remember a BUY opportunity idea for this pair, but if you're not up for counter-trend trades then maybe this is for you. Going with the very high monthly down trend, price has bounced off the top of the trend line and expected to go down. Wait for consolidation after breaking daily lower trend line before entering.

Balazs Updated 

Bought this pair last week and reached what was our established target, will it go more? We'll see after consolidation...

Balazs Updated 

A steep yet obvious consolidation after a break out of the higher time frame trend line. A possible buy opportunity. Risk reward ratio may not be as fantastic as usual with trend continuation but some may still go for it.

Balazs Updated 

Guys, that GOLD anniversary or special ocassion bracelet for your wife could get a litlte more expensive, haha. Hopefully the money you make on this trade will make up for it :) Upper trend line broken on weekly/monthly time frame, conslidated and looks like it's going up!

Balazs Updated 

High time frame broke the lower trend line and consolidated (see image below) Did a drop and then made what looks very similar to a 2nd "inverted cup with handle" trend continuation pattern. Perhaps another sell opportunity is at hand.

Balazs Updated 

Brief SELL opportunity before expected to go back up to weekly trend line. Double top and potential 2618 adds stronger case for entry. Expected to reach target 3 (2618 fibonacci extension). Or if you don't like counter-trend, wait until it bounces from the bottom trend line (weekly or monthly).