With a potential lower low lower close on the daily my directional bias is to the short side. (We already have a L3C on the 4hr) Looking @ the 60m chart I have identified 2 potential levels I want to look for short entries. The first level for targets would be the 154 even handle and potentially 152 for second targets.
With an impulse leg down I am currently waiting for a retrace into a fib level followed with a L3C for an entry reason.
Nothing fancy. Impulse move down. We got the retrace. L3C entry stop 1 ATR above entry bar. Analysis on chart.
Lookign at EURUSD we can see that price is moving lower. I am currently waiting for a rally then a L3C for a short entry to potentially take advantage of not only the 10:1 RR but a potential move of 125 pips lower. You will have to move up to the 1 hour and maybe the 4hr to see the structure level that was violated here on the 15m. Will we get down there to...
I got short AUDUSD last night before bed. Nothing fancy just looking for price to push down to the next structure lows for a quick 60 pip winner that provided a 2:1 RR. We do have USD---GDP news coming in about an hour or so. It would be nice to get that push lower before the news to help prevent the potential of being whipsawed out on Stop.
With price putting in a higher high higher close on the daily chart. My overall bias is bullish. Down on the hourly chart price has been trading nice and tight to the high side. I am looking for price to breakout to the high side. My initial target is about half way to target 2 that comes into structure. I have a 7:1R for T1 & a 13:1R for T2. let's see if I can...
My overall view on the EURUSD is bullish. However, once price hit 1.20193 the pair has really just been in consolidation. I have 1.18766 plotted as an area of concern because of the support and resistance that has occurred at that level. IF price breaks and closes below 1.1660 we will be in what I would call a trend rotation. (going from bullish to bearish) IF we...
Waiting for the news. I will wait for at least the 618 retrace and a L3C for entry. ONLY if my RR is in my favor.
We had an impulse move to the down side. Price then retraced a bit. Looking for a Lower low lower close for entry reason. Stop is just above the swing high. T1 is @ a retest of the lows & T2 is @ the 127 ext of the impulse move down.
Same set up as GBPJPY impulse higher retrace rsi over sold price higher high higher close=long entry stops are just below the low.
With an impulse move higher and then retracing to the 382 fib with RSI going over sold and then price put in a higher high higher close. I am looking for initial target at retest of high and target 2 @ 127 ext of the impulse move.
I am a little late at sharing this. A simple structure trade. Im getting about a 5:1 RR
After the recent bullish move that we have seen in the EURUSD. It is currently finding some support @ 1.1831 area which comes in at support and 382 fib on the daily. I am looking for a move up to 1.1900 even for initial target and secondary targets @ 1.1930 or so. My stop is placed just below the low @ 1.1821
IF we get a higher high higher close we could see price move to the 1.1800 level and even higher.