we've seen btc reject and move static around the 11,000 level. level of interest for a potential long, will wait to see how it behaves and wait for clearer indication before placing a long
I thank this pair for my new boots collection :D But I digress.. Nice ABCD play here. rejection of the blue monthly zone. Tweezer tops. Channel resistance. It's all abit juicy! If this pair breaks that pink support zone we could see lows down to the monthly support were the 1st target is (1.3720). second target is the swing low (1.3623). If there is a break any...
I don't really trade gold but this is too tempting to resist. I'm going to short towards the D leg completion. Stops at 1265. Target 1160.
BUBBLY, BUBBLY! LOL HEAD AND SHOULDERS IN PLAY.. DECIDED TO RIDE THIS ONE OUT EARLY ENTRY: .78712 JUST AFTER THE EVENING STAR. STOP LOSS: .79771 1/2 AN ATR (30PIPS IN THIS CASE) ABOVE THE HIGH OF THE RIGHT SHOULDER TARGET: .73650 WITH PLANS TO UNWIND ON THE POSITION AS IT TRAVELS DOWN VIEWS ON THE MONTHLY SHOW PRICE STRONGLY REJECTING THE BLUE ZONE ABOVE THE...
HH and HL'S within channel structure. ABC leg completed awaiting pattern completion at D leg, which is confluent with channel structure. and the black trendline. Also oversold.
should play out nice. Stochastic reading looks good too! Barriers to entry above the green zone lol. Literally like a game of whack-a-mole. Haha
I actually done A review of this last year july. When the 61.8 C leg completed. And have seen the trade come to fruition since then. Now getting ready for the full ABCD completion in the GREEN ZONE. Another ABCD pattern playing out now with the EXACT same target area. Once in completed, looking to ride price back to the GREEN IN BLUE
The bear flag has just been broken so we are heading towards the full length of the flagpole. Lets not forget Mr.Draghi's speech later and the 2 opposing central bank spectrums of these the EUR and USD . If he just so happens to add stimulus and Yellen finally follows through. Then this could give us the ammunition to break below parity. TBH. Once price has...
JUST SAYING... ON THE VERGE OF A POSSIBLE BREAKOUT TO THE UPSIDE ON THE DAILY. I BELIEVE THE 1.34-1.39 AREA IS GOING TO BE RANGE BOUND FOR A WHILE IF WE BREAK INTO THAT TERRITORY. HAS BEEN A RANGE-BOUND AREA IN THE PAST (SEE RED CIRCLE). THE RECTANGLE WE'VE BEEN IN ON OVER THE LAST COUPLE OF MONTHS (SEE DAILY CHART) IS EQUAL TO THE PROJECTED HEIGHT OF 1.34-1.39...
I'm already short from 135.7 . HOWEVER, 61.8 of the last swing high. retest of the bearish channel. Head and shoulder pattern imminently completed. as for me, this is a long term short. target is the 126. swing low. stops above the blue zone at 136.50. expecting a pullback at 131.250 to head and shoulders neckline. potentially gonna add another entry after the retest.
price retested broken TL. 50SMA in support of bullish momentum as well as the 50 & 200SMA crossover on the 1hrTF. long lower wicks show strong rejection of lower levels Potential for double bottom which would push price to 0.8027-0.8037 upon completion. 1ST TARGET: 0.7876 (50% FIB) 2ND TARGET: 0.8027 (78.6% FIB) STOP: 0.7693
should be sweet. gonna wait for price action around the 78027 area. TP: 61.8 RETRACEMENT OF AD LEG SL: PREVIOUS HIGHER HIGH
long upon price action confirmation off CTL retest
potential short. waiting for price action around 26592-26358. SL 88.6fib TP previous low