Waiting to add a position just below this bear flag. 1st entry was 6937. waiting for a breakout to the downside for it to complete the butterfly pattern i posted a few weeks ago around the 6450-6440 region. stop entry order at 6718. stop loss 6815. around 270+ pips up 4 grabs.
BEEN IN THIS TRADE FROM LAST WEEK. JUST POSTING UP THE CHART. USING A REALLY SMALL STAKE SIZE FOR THIS 1. DIVERGENCE ON THE RSI ALSO
FEW TRENDLINE ADJUSTMENTS AND A MA. LOOKS PURRTY... CONFLUENCE IN CHECK. JUST WAITING FOR A BREAK OUT AND RETEST IN THE SMALLER CHANNEL ON 1HR TF
RETESTING PREVIOUS STRUCTURE LOWS, 61.8% RETRACEMENT OF SWING LOW. ALSO RSI AND STOCHASTIC DIVERGENCE. WAITING FOR A BREAK IN THE SMALL CHANNEL ON THE RIGHT IN A LOWER TIME FRAME
BUTTERFLY PATTERN ON THE FTSE. DONT PERSONALLY LIKE TRADING INDICES BUT FUCK IT LOL. A PATTERNS A PATTERN. JUST RECORDED A NEW ALL TIME HIGH ALSO SO SHOULD RETRACE
butterfly pattern and divergence. short to 61.8 retracement of AD swing. additional views welcome
DECENT SETUP HERE. INVERTERED HEAD AND SHOULDERS, LOOKING LIKE ITS BOUND TO RETEST THE NECKLINE AND COMPLETE THE PRICE REVERSAL. WHICH SHOULD BE THE SAME LENGTH AS THE PATTERN. THIS WOULD BRING US TO THE DAILY SUPPLY LEVEL AROUND 94.317 WHICH IS ALSO THE 61.8 RETRACEMENT OF THE RECENT SWING HIGH. JUST WAITING FOR A BULLISH SIGNAL ON 60MINS ONCE WE GET A RETEST OF...
after a bearish pennant, this pair broke out in response to the huge QE announcement. Since its release EUR/JPY has been respecting a steep channel, kissing low MA to meet these fast moving conditions. The dark cloud cover w/ assistance from the 12EMA gave me the confirmation to short w/ my TP at 131.033 (OLD level of interest on the Daily) Have now moved my stop...
IM A COMPLETE NOVICE BTW. SO I'D APPRECIATE A LITTLE COMMENTARY IF YOU HAVE ANYTHING TO ADD :D NEWS OF Q.E PUSHED THE EURO TO A MAJOR DEMAND LEVEL AT THE 1.1200 AREA. DESPITE THE LONGER TERM BEARISH SENTIMENT, I'M LOOKING FOR A PULL BACK TO THE 1.19108 LEVEL FOR ANOTHER LONGER TERM SHORT TO BREAK THE LOWER DEMAND ZONE TO BRING THE EURO TO THE 1.06900 AREA. (BEAR...