GBP/AUD 4h Chart Gartley Pattern XA - 61.8% AB - 61.8% - 78.6% CD - 1.272 extension Support level has now been broken, more weakness for GBP expected. SL must go below X Target 1 at 38.2% retracement Target 2 at 61.8% Good luck.
EUR/GBP 15m Chart Gartley Pattern XA - 61.8% AB - 61.8% CD - 1.272 SL must go above X Target 1 at 38.2% retracement Target 2 at 61.8% Good luck.
A couple of options for trading the 4h chart. With all the speculation before UK General Election, This pair may not be one to trade depending on account and stop size. Good luck.
Looking for a potential reversal at the zone, which has been respected on many occasions. Good luck.
Looking for a potential reversal at the zone, which has been respected on many occasions. Good luck.
Looking for a move back into a 38.2% retracement at support. Weekly - Bullish Daily - Bearish 4H - Bearish Good luck.
Potential Short on EUR/USD - Daily Looking for a move back into a 38.2% retracement at support, before a push higher to retest X. Weekly - Bullish Daily - Bearish 4H - Bearish Good luck.
Looking at 2.000 for a potential long on GBP/NZD (H1) - SL must go below X - Target 1 at the 38.2 Retracement - Target 2 at 61.8 Retracement - 2.00 Psychological Level Good luck.
Looking at 120.50 for a potential short on USD/JPY (H4) - SL must go above X - Target 1 at the 38.2 retracement - Target 2 at 61.8 retracement Good luck.
A potential 2618 trade - Double top - Break of neckline - 61.8 Retracement - SL must go a minimum of -10 pips above double top - TP1 at a 38.2 retracement - TP2 at the 61.8 retracement Due to a deep retracement past the neckline, the risk reward on this trade isnt great but certainly one to keep an eye on. Good luck.
We are up into historically strong resistance, which could be a great opportunity to short. A little more conformation needed on the 4h and 1h chart for me to take this trade, but certainly one to keep an eye on. Good luck.
Reasons To Short: - Weekly Bearish Divergence - RSI - Daily Bearish Channel - A string of below consensus data, Thus having a decline in Consumer Confidence - 2.5:1 RR Good luck.
Looking at 1.093 for a potential short on EUR/USD (H4) A completion of this Gartley Pattern would give a high probability trade. Stops must go above previous resistance and target 1 at the 38.2 retracement. Good luck.
Reasons To Short: - Bearish divergence on RSI (H1) - Touch at top of a descending channel - Previous resistance level - 61.8% & 38.2% Fibonacci confluence - 3:1 Risk Reward Good luck.
My overall Monthly bias is bullish on this pair, However i believe we will see a retracement back into the channel before a push higher. A retracement back into the 38.2 is possible, but the TP in place will ensure a safer trade. Reasons To Short: - Double Top. - Bearish Divergence on RSI. - Bottom of the channel coincides with previous support. - 2:1 Risk...