Everything detailed on the chart is self explanatory This led to my short bias with minimal upside potential We may spike out of the triangle range, but ultimately we're heading down in my view. *Top of the channel* Im waiting for a few confirmations and remaining conservative by waiting for a break and retest of both the dotted triangle and ascending...
Everything detailed on the chart is self explanatory This led to my short bias with minimal upside potential We may spike out of the triangle range, but ultimately we're heading down in my view. *Top of the channel* Im waiting for a few confirmations and remaining conservative by waiting for a break and retest of both the dotted triangle and ascending...
No clear direction yet. HH's and HL's so I'd take a Bullish Bias. However we've been consolidating for a while. There's a potential AB=CB forming. Also a triangle. Showing significant resistance at Monthly Key Level and .5 fib. With a few Minor spikes to .618. 1.56450 seems to be holding! If we close below ascending inner trend-line (Triangle up-move), I'll...
I hold a bullish view due to weekly inside bar and and multiple other confluences. But this rising wedge set up and the fact that MA's are about to cross to downside on the 4 hour indicates we could see a decline to 1.53 to retest descending TL before continuing our bullish move to 1.6 I'll wait for a clean break of pattern to downside and MA crossover to...
Still an attractive buy, still looks bullish. Currently trading on resistance turned support and may considering to add to my position. Clearly it doesn't want to close below -0.27 *Cancelled the trade after clean TL break*
Looking for buy setups on smaller TF's as this pair looks like it's in a strong upward trend!
Following my previous post i still hold a bullish bias i will wait for a test of daily 61.8 then I'm in. classic ab=cd We've broken a key monthly level so we may seek support at weekly key level around 48 but I'm not gonna wait for that because i'll miss the ab=cd hence the tight stop around 52. If i get stopped out i'll wait for 48 as an entry!
Bullish bias. Series of HH's and HL's and as we're at a key level with no momentum to push lower and create a higher low I believe this instrument is heading higher to create a higher high at the weekly resistance level around 72.16 maybe a spike to 73.4. I will wait for a clear bullish signal preferably a breakout of the triangle, a bullish engulfing candle...
Weekly bullish engulfing Rejection of the .618 makes me think this pair could head lower before continuing its upward move Triangle breakout on the 4hr indicates an upward continuation 4 hour inside bar doji. Sellers around .618 but doesn't look enough to take pair lower Uptrend Kumo I will wait for a close above .618 1st target .764 fib final target will be a...
Overall bias is bullish, looks like a rate hike is happening in Sept Short term short bias because: Weekly bearish engulfing Daily inside bar, pin-bar showing bears in control of price 4hr MA/EA about to cross Downtrend since piercing high of 125 not seen since 2007 Below Kumo on 4 hr, hence this very short term trade. Inside bar on 4hr, looks like a...
Entry is weekly time frame open, which is around .382 fib lel on 4hr tf. Target is 1.272 4hr fib ext and sl just under last week doji low. This is a short term reversal trade.