Price pullback to the breakout zone. Here is my long trade set up. stop loss is done wrong on the chart. It should be slightly bellow .236 level
Price pullback to .618 fib of a recent bearish swing. reached a resistance line. therefore good to short here. If another HL forms.. it will be time to flip bullish on this market.
Rallies are getting smaller. For ETH i like the odds of trying to short this structure. Good risk reward and potential for a bullish bat to finish forming. If we clear my stop and retest i will flip bullish. Dan
Price reached a significant resistance, there is an inside bar formed and broke to the downside. regardless of the outcome this is a setup i want to take every time i see it. a
Gold broke down from consolidation triangle and retested it. good to take a short. Dan
Sterling is not rising despite the weakness in dollar on the back of weaker jobs report. Technically, price is testing a uptrend line it broke. also .618 fib level of a recent bearish swing as well as horizontal structure where the bearish dump began. therefore a short trade seem like a high probability trade. Dan
Inside bar broken to the downside after we tested a .618 retrace of bearish swing from end of June. Expecting the price to retest the breakout of the downward channel and corresponding horizontal resistance, now support. Its a bit risky considering the Canada GDP data are due tmrw morning. But I like the set up. Dan
Price has reached a very significant support zone. formed a pin bar. therefore seems like a goo probability trade to bet on reversal here.
Pattern completed. double bottom and good GDP data. slightly late to the trade for reversal Dan
Nice harmonic pattern developed in Monero, as we have run into resistance. Im looking for monero to retest the down trend line it has broken out of. Dan
FIT is testing breakout of structure, downward trend line and .618 fib retracement of the last bearish swing. Seems like an opportunistic area for a long. Dan
OANDA:AUDUSD price has reached a Multiyear support that lies at .718 fib retracement of a bullish move that has begun in January 2016. Just closed a short trade. Now gonna look for sing of reversal if the harmonic butterfly pattern completes. Also will be looking for a short should we breach the support and retest it. Because of the location, my bias is more...
quick BTC short from .618 fib. level.
Euro had a relief rally last week. price has reached and important area of structure and .618 level. Therefore looks good for a short opportunity back to the base.
price testing a resitance area, inside bar developed. short upon breaking to the downside for 3 targets.
Price pullback to bottom of an long term uptrend channel. Also a reactive level in a terms of support. This location offers attractive risk reward ration for a long trade. Dan
Price has heading down to a support zone formed by structure and .618 fib retracement level of the bullish swing that started in 2016. I would expect short termed pullback. todays GBP data are not that bad for the market to simply blow through this important level. No trade set up yet. I will update as price action develops. Dan
Bigger time frame trade. Price pullback to the consolidation channel and .618 of recent bearish swing. Good place to sell high. Stop loss above previous high.