CHF/EUR flag reversal patternSpotted a flag reversal pattern that has occurred. Price should hopefully drop below the structure of the pattern.
1hr
USDCAD Short 0.618Resistance at the yellow horizontal line. the retracement is at a 0.618 on Fib. Trend line sloping downwards. down trend on higher time frame. stochastic crossover above 80. confluence of multiple signals to the downside
FALLING WEDGE ( A T )Dear Traders & Followers,
There is a possibility to go Long from the current price
to the level of or 1.1770,1.1805,1.1830.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing Forex Team
AUD/JPY waiting for support confirmation to buyWaiting for market to continue the pattern so I can go ahead and buy when the market bounces off the support levels set.
CADCHF broken resistance became support several times.CADCHF is showing major support levels, there's been 5 times that this has happened and every time it has hit a support level, it goes up a lot.
Hopefully it will hit T/P
USD/JPY short term profitability.It follows a XABCD pattern which shows a consistent pattern with no breakage of pattern.
Taking T/P at 566.2 pips hopefully and S/L as 147.1 pips as a market order.
High Probability Short on USDJPYUSDJPY is showing a very high probability Short Setup on the 1 Hour Chart.
Strategy: The chart shows a Horizontal Line which is drawn from the Higher Time Frame Chart (Daily Chart if the Trading Time Frame is 1 Hour Chart) from the Historical Data. The point where a Swing is initiated which breaks the most recent Swing Point and gets accepted following the break becomes an HTF Structure or HTF Structural Boundary or HTF Level with respect to Trading Time Frame.
Since, the Structural Boundaries are created of relatively (considering 1Hr Chart to be the Trading Time Frame) Higher Time Frame, these levels have the ability to reverse the current direction of the price if the the break of the level is either 'Unaccepted' or 'Rejected'. In case of 'Acceptance' after the break of the HTF Level, the price will tend to continue in the same direction as the break.
In the current chart, the price has broken the HTF Level R on the 1Hr Chart and was 'Unaccepted'. Hence a Short is a very good trade in the context. The Target can be trailed till the next level is reached.
Perfect timing/Beauty - Sell EUR divergence - RSI 1HEURUSD has the looks of topping out here. Good for at least 25 to 40 pips in next 24 to 48 hours.
Entry -- 1.1675 sell (2 lots)
TP 1 -- 1.1648 (take off one 1)
TP 2 -- 1.1610 (take off the other half or let it ride!)
Pls tell me how I can serve you. PM me to find other ways we can collaborate.
XMRUSDMONERO
Classic Elliot wave. Short-term.
Yesterday I was building and drawing this chart with waves, but I was extremely unsure that it would work and decided to leave it untouched until tomorrow. Guys, Wave B was formed exactly according to my calculation per night. Now I have no doubts. It's very good opportunity to re-buy!
GBPCAD 2 opinions long.Dash trendline seems to be showing a slight ascendance to the profit hopefully + previous support shows a massive long term setup if it moves with the pattern.
Both support and dashed trendline seem to be in correlation with each other.
OR
We can wait for the market to retrace onto the bold trendline in which should give us a deeper profit goal.
USD/CNH retracementPrice could retrace back because it touches the resistance line many times and it is appearing to retrace back quite a lot due to many swing highs and less swing lows.
GBP/NZD 1H Chart: Channel DownGBP/NZD 1H Chart: Channel Down
The British Pound is losing value against the New Zealand Dollar in a short-term descending channel that formed in result of a rebound from the monthly R1 at 1.7916 made by the exchange rate two weeks ago.
In the first hours of Monday trading session the currency pair made a number of attempts to break to the top, but was stopped by a combination of the pattern’s upper trend-line and the 55-hour SMA, which is moving precisely along the channel.
For this reason, the rate is expected to gradually slip to the bottom towards the updated monthly S1 at 1.7486.
In addition, given that in the upcoming three days there will be no fundamental data releases, the pair should not make a premature breakout from the formation.
USDCHF Long Position (1Hr Timeframe)- Potential Long position as trend breaks out of bearish trend
-This is further confirmed by cross over in MACD
-be wary of retest of support, so may be worth waiting for MA crossover before taking position
- Positive forecasts for US economic data scheduled tomorrow (19th July) however be wary if forecast is inaccurate
EURUSD Long 1 Hourshort-term trade going long on the EURUSD once it confirms a bounce off the trend line already established as resistance now testing again for support.
Likes, Comments, and follows are appreciated! :)
EURJPY Broken Trendline, Short EntryAs we can see in the chart it has broken the lower trendline. Entering short at current price with TP at 61.8% retracement and SL above previous retracement.
AUDJPY bat-butterfly long opportunity on 1hr chartThe D leg of this butterfly should be located at the first target of the former bat if I am correct.
Good luck.
GBPUSD Short Position (1hr Timeframe)- Potential short position once the trend retests the area of resistance within the channel
- Be wary of the economic data coming out of the US
- will look to take position once a bearish candle stick pattern appears in the 4hr Timeframe once the area of resistance is hit
USDCHF Short Position (1Hr Timeframe)-Potential Short position due to breakout
- I will take this position once the moving averages cross as I am watching out for a retest of the daily resistance
