


ashddylan
After the incredible bullish rally, price is finally retracing, after a move like that I'd expect price to pull back a considerable amount (61.8%) but the 38.2% Fib area is my goal it lines up almost harmoniously with previous strong resistance. Watch out for 1.43541.
Price is still bullish after the Consumer Price Index news on April 19, I'm really eager to get in on this trade especially since the price is approaching the resistance at the end of the wedge and has recently sprung back from the trend lines support. I'll be uploading my TP, SL and Entry soon.
Look for some bullish activity at 38.0% Fib level, this area lines up with some pretty strong resistance dating back to late 2016. I'll post TP, SL and entry once we approach this area.
Very cluttered, but here's what I'm aiming for. I'm expecting a bounce back from 38.2% Fib level and price breaking out at 1.42953, I can see the price going further than this but I'll plot a higher TP if price moves accordingly.
At this moment In time, I see price retracing to 38.20% Fib level then making it's final move, either breaking through to 1.4100 - 1.39822 area or bouncing back up, breaking past 1.42934 short pull back and then long towards 1.47191.
Price may pull back to 38.20% Fib/ 1.51872 Support area before a rise to 0.382-0.5 Fib Extension/ downtrend line(resistance area). We could also see a breakout of the triangle when we reach this area. Price has currently found support at 1.52302, I'll keep you all posted.
My long trade has now reached Take profit and we're now approaching the end of the Bearish ABCD , TP and SL are shown on the cart. Price may fall further 1.06026 area, Good Luck!
There is an ABCD Pattern forming on the EUR/USD pair, the D leg lines up with previous resistance, I'll plot SL/TP targets once we approach the end of the pattern. Apologies for not showing my current long trade on this pair, I'm revising my strategy for the future and it needs to be tested first.
38.2% is holding if price goes past 1.65507, we'll be seeing another retest of 1.67209, alternatively, we could see a retracement to 61.8% and a formation of a ABCD Pattern.
Price has been trading in this triangle since late march and is now coming to an end the upwards trend line you can see is long term support dating all the way back from January, as I cannot see the price falling past this point I am expecting a bullish breakout. Entry may change depending on where we break but stop loss and tp will remain the same. Speaking of...
The price respected the 78.6% level and has been fighting to close in the 61.8% area for the duration of the candle, I think we're going to see a retracement around this area. The next candle will be the decider for me.
This isn't the most conventional pattern but there's a good chance of it repeating itself, I'm going to do some more analysis before entering a long position but this is one to look out for.
Watch out for a breakout and possible long on this pair, It's approaching a long term support on the pitchfork and this will be a good area to go long. I've put up two possible entries, targets and stop losses depending on what type of trader you are. You'll enter the 1st one when price crosses the trend line and previous support in early march, the second entry...
The D leg could extend further but where it is now corresponds with previous support, this is just a possible projection for the future. I'll keep you all updated as time goes on.
After the Cup & Handle, i decided to scale back the chart so I can see the bigger picture and I've noticed a potential bullish 5-0 pattern.
Price has been ranging in this box for a while now, I'm waiting for a breakout at 1.54833 so I can go long and continue the uptrend that was happening before. As I cannot see the price falling past 1.51607 - 1.51425 I've decided to enter a long position to previous resistance at 1.53146.
After my previous chart, I decided to scale back the view and noticed this valid ABCD pattern on the EUR/CAD pair. Very good R/R ratio, This is definitely one to look out for in the future!
Head and Shoulders pattern forming on the 4hr Chart, if price passes through the neckline, look for a short to 1.38751