wait for confirmation when price closes below monthly support 112.000 and dual stochRSI reversal short side.
waiting for either retracement back in bullish channel present from December 2015 to wait for Fibonacci play positions or possible close below channel to complete a 1.27 extension to hit monthly support of 1.0500 only if dual stoch/rsi CONFIRMATION with price action. wait for confirmation play.....
with a .382 retracement of the sell of we could be seeing a high probability trade of a 1.27 extensions to regions of 1.300. taking first targets at monthly support then a trailing stop.
reversal candle stick, retested monthly resistance 0.7550, RSI confluence with trend and bounce back from channel of a 0.5 fib retracement confluence with monthly resistance.
fib retracement back into .382 to close and reversal pattern to confirm upside to monthly resistance at 0.800 where 1.272 confluence strengthens. wait for confirmation traders.
gartley pattern underway, market entry @1.8801 for confirmation for the upside, however if invalid then short zone projection shown as well
head and shoulders formation underway for the pair, with reversal candlestick for confirmation.
inspiration from akil, possible harmonic trade position for a long, awaiting completion of bullish gartley.
long position under way, deeply oversold RSI, support regions of channel, awaiting retracements.Wait for price action and candlestick formation to signify reversals eg Doji and such, after breaking structure ( where market entry placed). very tight stops.
wait for gartley completion, confirmation from price action such as bearish reversal patterns.
wait for candlestick formations to confirm position
a sceptical trade set up I made back in October, bearish consolidation on long term bullish trend rings bells.... trend exhaustion and now leading to reversal into a possible .618 retracement. With ever stumbling oil prices and the big boy's BP-3.17% and Royal Dutch Shell contributing to 10.8% of weighting in the FTSE100, surely leading to trend exhaustion and...
bullish trend possible since .238 retracement, possible .618 retracement @2.0561 if only moving average crossover with 9 over 50 then market entry with confirmation @2.0450. However bullish trend and bearish RSI leading to bearish divergence in momentum, hinting possible consolidation or retracement back into structure support at 2.0298 after hitting minor...
market low @2.0575 entry buy @2.0631 Target @2.0681 SL @2.0565
market low @1.4621 8:00 ENTRY BUY@1.4654 TARGET @1.4704 SL @1.4611
broken support bounced of support and heading to support at 1.53358. Bounce of support there and heading for resistance at 1.54146
broken support bounced of support and heading to support at 1.53358. Bounce of support there and heading for resistance at 1.54146
resistance hit at 1.53358, failing to break until recently, macd suggests trend reversal, short target 1.5335 hitting support.