PP90_

PP90_

TRADE = SHORT 1) RECENT HEAD AND SHOULDERS FORMED 2) 38.2% FIB LEVEL ACHIEVED 3) SUPPORT TRENDLINE WITHIN REACH 4) MISSED EARLY ENTRY AT 38.2 FIBONACCI LEVEL OF 0.7110 ENTRY ORDER - 0.7094 STOP LOSS - 0.7127 (PREVIOUS HIGH) TAKE PROFIT - 0.7056 (PREVIOUS LOW) R:R - 1.06

PP90_

TRADE = SHORT 1) DOJI CONFIRMED ON BOTH WEEKLY AND DAILY CHARTS 2) 50% FIBONACCI RETRACEMENT 3) MAJOR DAILY SUPPORT TURNED RESISTANCE 4) HEAD AND SHOULDERS FORMED ON 1 HOUR CHART MISSED EARLY ENTRY AT SUPPORT 1.4584 BUT GOOD ENTRY ON 4 HOUR CHART AT 1.4420 SHOULD PRICE REVERSE THEN LONG POSITION TO 61.8% FIB RETRACEMENT ENTRY ORDER - 1.4420 STOP LOSS - 1.4670...

PP90_

TRADE = LONG 1) CONTINUATION PATTERN FORMING - BULLISH PENNANT FORMING ON UPTREND 2) PRICE AS TOUCHED AND TESTED RESISTANCE TURNED SUPPORT AT 0.7535 3) DAILY CHART - FIBONACCI RETRACEMENTS CONFIRMS STRUCTURE SUPPORT 50.% 4) DAILY ALSO SHOWING SIGNS OF TWEEZER BOTTOMS AT END OF DOWNSIDE RETRACEMENTS AWAITING FOR PRICE TO CLOSE INSIDE PENNANT ON 4HR...

PP90_

TRADE = SHORT 1) CONTINUATION PATTERN FORMING - BEARISH PENNANT FORMING ON DOWNTREND 2) ASCENDING TRIANGLE - POSSIBLE BREAK TO EITHER UPSIDE OR DOWNSIDE 3) DAILY CHART - SUPPORT TURNED STRONG RESISTANCE FROM 15/1/2016 POSSIBLE BREAK 4) 1 HR CHART - STRONG TRENDLINE RESISTANCE AWAITING FOR PRICE TO BOUNCE OF RESISTANCE AT 1.4370 ENTRY ORDER - 1.4345 STOP LOSS -...

PP90_

1) Strong trendline resistance channels on 4hr and 1hr time frames 2) 61.8 fib resistance on daily - looking to continue downtrend 3) stop loss set at 1.113 fib extension level 4) target at previous support structure - 127.394 5) r:r 3.55

PP90_

Anticipated a breakout to the downside of this ascending triangle. False breakout occurred. Could be market anticipating ECB announcement although I rarely trade the fundamentals EURGBP on a strong trend and ranging market prices on EURUSD favors the eur£ better

PP90_ Updated 

Bearish AB=CD Pattern completed Bearish AB=CD potential Could carry on pattern Price as recently rebounded of the .618 fib level which is also a resistance turned support Entry order between rices 0.758 & 0.761 Price could break through .618 structure Trend channel could be tested between 0.757 & 0.762 Look to go long if above is met

PP90_

Strong counter trend support line RSI confirms counter trend line Strong resistance trend line broken; currently retesting. Once broken, await price to test counter support trend line Awaiting Price action and candlestick formation in Price Reversal Zone Entry order between 1.088 & 1.087 R:R at 1.61 Target profit at 1.098 Target profit 2 at 1.101 Stop loss at 1.080

PP90_

profit to be taken at 126.74 which is 50% extension from point A

PP90_

Shooting star formed at end of downtrend retracement Trendline channel shows price has hit resistance of upper trendline Previous support held (retracemnet of .38%) MA crossover suggest downtrend resumes Set up also similar on 4hr chart R:R 3:1 strategy focusing on: -price action -support/resistance -trendlines