AUDNZD is nearing the end of a descending triangle. Waiting for the breakout and consolidation before entering. It could go either way but bias is to the downside. Thanks, good luck!
Bearish bat pattern forming on NZDUSD. Expecting high volatility this week with all the news on the calendar so be careful. Thanks! Good Luck!
Bullish bat pattern nearing completion. There is quite a bit on the economic calendar this week including US CPI and BOC rate decision so be careful. Divergence between last 2 lows. Entry: 1.2901 S/L: 1.2846 TP1: 1.3071 TP2: 1.3246 A large impulsive move up could signal a significant trend reversal, but that would be highly dependent on the direction of oil...
Potential opportunity to get long on Monday if the pattern completes. Entry: 1.8571 S/L: 1.8500 TP1: 1.86617 TP2: 1.87534 Thanks, good luck!
Simple trade idea. Target is 1.27 extension of BC. Entry: 0.7303 S/L: 0.7368 (0.786 retracement of AB leg) Limit: 0.715 Thanks for looking, good luck!
This completely depends on the FOMC minutes to be released tomorrow. Entry point would most likely be at Gartley completion point, S/L and target not yet defined. Reasons for long: 1) Gartley completion near, with support at that point 2) Price sitting at the bottom of 2 trend lines 3) MACD and RSI divergence Thanks for looking, good luck!
I am predicting the EURJPY to continue it's current uptrend off of support from the last swing high. There is also an upward trendline which will provide a barrier to the downside. If this breaks, then the trade is invalid. I have already jumped in but I should have waited to see what happens at this trendline. The target is the upper, long term trendline. Entry:...
NZDUSD has made a breakout of both the channel it was in and the double top formation made in late 2015. Currently waiting for a retest of the double top to enter LONG. Price is currently consolidating in a bull flag formation. Keeping S/L fairly tight as any break below the double top indicates a false breakout. There is hardly any resistance until 0.716 area...
AUDJPY tested the upper trendline which has been intact since late 2014 and subsequently made an impulsive downward move. I went short on the pullback @ 85.830. MACD shows bearish divergence on 4hr and is close to negative territory. Stop loss just above last swing high. Entry: 85.830 S/L: 86.780 TP1: 84.400 TP2: 82.100 Thanks for looking, good luck!
Cable has broken to downside and retraced back up to the trendline based on dovish FED. It has been rejected though and so I am expecting another move down soon. GBP rate decision is in a few hours though, so s/l is being kept tight just above the most recent swing high @ 1.43 area. I entered in @ 1.4257 and am shooting for 1.414 (61.8 fib retracement). I may...
The cable has made a solid breakout, waiting for a consolidation and possible retest of trend line to go long. Stop loss to be kept tight as any break back below trend line indicates a false breakout. Thanks!
Waiting for a consolidation from recent leg down to short at 1.1002. Slight divergence on RSI from previous high. Any break above the trend line drawn invalidates the short. Target is 0.618 fib retracement. This is my first published idea so any comments are invaluable to me and I apologize if I am unclear. Thanks!