DESCRIPTION: Major structure and psychological resistance rejection; Trendline break + retest; MA crossover on the hourly and 2H timeframes. ENTRY: I entered after the retest of the trendline. TARGET: Next structure support. STOPS: 50 pips above entry.
DESCRIPTION: It seems like we have an inverted H&S (or triple bottom) at the 111s area. We can see on a daily (and weekly) timeframe that this area is a 38.2 retracement from A (approx. 99.000) to B (approx. 119.000). For now, this FIB level seems to hold. The market also is in an area of major support (weekly key level). ENTRY: I will enter after the breakout of...
DESCRIPTION: UJ might be rejecting the weekly key level @ 111.500. It also is on the 38.2% retracement level (red horizontal line on the chart) on a weekly timeframe (see in the comments). It has also formed a double bottom and is now retesting the small trendline (black arrow). ENTRY: Enter at the trendline retest. TARGET: I'm targeting the next structure...
DESCRIPTION: 2618 setup. ENTRY: 61.8% retracement. TARGET1: 0%. TARGET2: 127.2% extension. STOPS: Above the last lower high.
DESCRIPTION: Triangle breakout, double 61.8% rejection, and monthly resistance rejection. ENTRY: Might wait for a retest of the triangle to enter. TARGET: Next structure support and 127.2% extension. STOPS: will be placed above the last Highs.
DESCRIPTION: Rejection of the monthly key level @ 1.25000 + trendline breakout; I might wait at the MA crossover on the 1H - 2H timeframe to enter. ENTRY: enter at your own risk on the breakout of the trendline. I might wait at the MA crossover on the 1H - 2H timeframe to enter. TARGET: next structure support @ 1.24000. STOPS: 60 pips above the entry.
DESCRIPTION: EJ is in an area of major structure and psychological support (120.000). It might also reject the daily trendline (uptrend). We also have a potential inverted H&S in this area. ENTRY: I will enter at the trendline breakout of the inverted head and shoulders. TARGET: targeting the next structure resistance @ 121.150. STOPS: will be placed below the...
DESCRIPTION: GBPAUD is rejecting the Monthly structure support and the psychological level of support @ 1.60000 (Major Quarter, see The Quarters Theory from Ilian Yotov), and is forming a double bottom in this beautiful area of support. ENTRY: I entered the trade because it broke the daily trendline. TARGET: I am targeting the next level of structure resistance...
DESCRIPTION: UJ has reached a major level of structure support, it might form a triple bottom on a daily timeframe if it rejects this level a third time. ENTRY: when an H2 candlestick closes above the 111.850. TARGET: Next structure resistance @ 113.500. STOPS: will be placed 40 - 50 pips below my entry.
DESCRIPTION: USDCAD's correction move might be over with its retest to 1.34, which is a resistance Monthly key level. it also rejected the 61.8% retracement level and is near a trendline. ENTRY: I entered the trade after the candlestick reversal pattern on the 4H chart. TARGET: Next structure support + 127.2% extension from AB. STOPS: will be placed 50 pips...
DESCRIPTION: 38.2% rejection + channel breakout. ENTRY: I entered the trade at the breakout of the channel (breakout of the counter trendline). TARGET: TARGET is at the next support level of 1.32, combined with the AB extension level of 127.2%. STOPS: STOPS will be placed above de 38.2% retracement level.
50% REJECTION + MAJOR SUPPORT REJECTION The entry will be triggered by the break to the upside of the counter trendline (channel). Trade Safely!
EURNZD - DOUBLE TOP @ 1.54400 + BEARISH BAT PATTERN it might not go up to 1.56350 yet... (See last post)