Possible Head and Shoulders. Entry at break of neckline.
Entered last week on daily S2, Almost at bottom. Looking to ad to position at 61.8 retracement at last support on the bounce from the Bat Formation.
EURCAD broke from the bearish channel and is retesting at 61.8 fibo. and last support CORRELATION 1-CHANNEL BREAKOUT 2-BACKLINE RETEST 3-61.8% FIBO RETRACEMENT 4-SUPPORT HIT
Looking for an entry at the top of the bearish channel
Will look for a bounce at a fibo level on the trendline
Looking at a possible Head and Shoulders at the longterm trendline
Expect price Hit long term trendline close to the 786% and make Head and Shoulders at the break of the up trendline
CORRELATION 1- Bearish Butterfly 2- daily trenline hit 3- Enter at pivot cross confirmation 4- Stop above the trendline 5-TP at last support
CORRELATION 1- Daily Trendline hit 2- Weekly trendline hit 3- Enter at pivot hit confirmation 4- smaller timeframe trendline 5- EMA cross with bullish 200sma
Expect price to go up to the large time frame trendline. CORRELATION 1- Daily Trendline hit 2- Look for reaction at daily pivot point with 38.2 Fib 3- Enter at pivot hit confirmation 4- Parallel 30 and 50 EMA 5- 100 and 200 SMA
Bearish Bat consolidating anfter a long run down and holding for the Euro News Latter. It’s now hitting a line that has varied between support and resistance. Will hit trendline at the S1 Level. It has also crossed the trendline and is retesting the back of the trendline. CORRELATION 1- BEARISH 4H BAT 2- TRENDLINE HIT 3- SUPPORT HIT 4- Daily S1 Hit (not...
Ading do my position at pivot point and 50% with trenline
CORRELATION (if it gets there) 1- Daily R2 2- Weekly R2 3- Daily trendline 4- 61.8% Fibo of daily down 5- 127% fibo extension 6- Bearish daily 200sma
I know the pattern isn't a perfect one. Hitting support and S1, maybe creating a new trenline
The night was slow for the EURJPY. Big hammer candle looks to have rejected last support. Looing to enter above the night range.
Price passed the daily pivot inside a triangle. Looking for the breakout to the upside.
Entry should have been on the backtest of the old trendline
Long on USDJPY CORRELATION 1- S2 pivot 2- 50% fib 3- Hit of smaller channel 4- creation of larger timeframe trenline parallel to upper wicks