Breakeven stops @2R *or* 30pips Expecting move lower, january high seems set
Sell at retail prices & buy at whole sale prices, potential 14R trade
Very simple -We saw the historical 30+ year ascending trendline hold up as resistance after a fakeout spike higher, red 786% & 618% bearish fib levels are prominent & also holding -Price is now breaking a medium term ascending TL & has retested successfully -Recent Weekly candle close saw a confirmation of bearish pressure = thus I expect a test of green 618%...
30+ year Bull trend, 618% Fib level holds up quite well. By late summer months 2019 a test of 1.28-1.30 is on the horizon, as we near a ECB Hike. The higher low has formed on EURUSD and we are now bullish on the pair medium to long term. In otherwords, will be buying swing lows & seek to rack up buy position trades for a significant extension higher. -Main...
Falling wedge completion, retest of broken rising TL (RED), continuation to support line, 50% bullish fib, March low = POTENTIAL REVERSAL ZONE Day trade on the way down, buy at reversal daily candle & numerous retests of support intraday post consolidation/holding pattern KEEP IT SIMPLE
Follow the arrows. 2 Scenarios. One is a correction, one is a double bottom/higher low. The pipedream you can have for free
PROBABILITY IS IN FAVOUR OF SHORT. STICKING TO RISK MANAGMENT, A FAVOURABLE TRADE, FOR A FEW MONTHS, POTENTIALLY
Potential Short opportunity - Lower high on falling trendline lower high relative to December 1st 17 high Test of trendline is overbought daily Stochastic (14,3,3) confluent with 6th december 17 low (green eclipse) turning resistance with double top, also corresponding with 618% retrace from previous swing high ABC correction seemingly complete Thursday...
On daily chart we've seen a bearish candle closing lower, a hammer and a bullish close past/near the initial candles body's middle respectively over the last 3 sessions (1st,2nd & 3rd Feb/18) - a potential morning star bullish candlestick formation Previous, steeper acending trendline (green trendline)(from my previous analysis) has broke down with price...
VEN has seen a exponential rise within a extremely bullish rising channel, currently seemingly finding support at rising trendline support confluent with 618% retrace of previous bullish wave, well supported above 200EMA 4HR ABCDE corrective wave complete within descending triangle Regular bullish divergence on 4HR stochastic (14,3,3) THEREFORE break above current...
Rising wedge apex confluent at multi year descending triangle , 618% retrace confluent around same region also corresponding with previous support turning resistance - RSI forming regular bearish divergence whilst two weekly bearish harmonics form - bearish crab (yellow) & bearish butterfly fractal (red) ECB will likely express caution around EUR exchange rate,...
Rising wedge apex confluent at multi year descending triangle, 618% retrace confluent around same region also corresponding with previous support turning resistance - RSI forming regular bearish divergence whilst two weekly bearish harmonics form - bearish crab (yellow) & bearish butterfly fractal (red) ECB will likely express caution around EUR exchange rate,...