Simple 1hr trend continuation trade. Lower highs and lows, price bouncing of 1hr 50ema and the 0.786 fib retracement level. Looking for a new 1hr lower low.
This is actually an interesting daily candle. as we can see we saw bitcoin cross the 50 day EMA line and immediately got rejected. we will have to see where this goes from here.
1hr trendline broken with a lower low. 1hr 50ema broken and being retested from below. Looking for the original target of 109.00
Looking for a pullback to the 4hr/daily fib 0.618 level. 1hr 50ema now broken and some nice bearish candles forming.
This is a pre-data trade for GBPAUD. GBP is being bid up prior to the release of UK core CPI data today. It appears buyers are assuming good news which we all know, is highly unlikely considering the state of Brexit and the economy. The classic "BUY the rumour, SELL the news" Targeting new lower lows on the 1hr/4hr timeframe as the trend continues.
Here is my 3rd scale in entry order set for the FTSE 100 index. - Lower Highs & Lower Lows - Fib 0.618 - Bearish TL - 4hr 50EMA as resistance - 7250 nice psych number Aiming for 7000.00 level to be hit next.
Clear rejection of 50 EMA. Set you SL just above 50 EMA (in case of a stop loss hunt) and TP around 200 EMA.
Please see annotated chart. entry - above high of low test bar stop loss - below low of low test bar target - at previous swing high or higher
View on EUR/AUD based on reasons shown on chart.
Shorting GBP/AUD as today's high test bar has shown resistance to ~2.0870, the falling trend line and 50 ema all of which have lined up close enough to a tee. Stochastic and RSI also show bearish hidden divergence . entry - below low of high test bar stop loss - above high of high test bar target - at previous low or lower Visit my Trading Blog ...
Another short set up on AUDUSD since downward momentum on the previous set up (idea linked) failed is on offer. The present set up comes after a deeper pull back, organic in a sense, into the 50 ema which also lines up with a previous level of support (~0.7250), now acting as resistance, and the 0.618 FIbonacci level. Price closed as a high test bar. Oscillator...
On the S&P 500 and NASDAQ100 indices, closing as a high test bar in the resistance zone, and a bearish engulfing bar on the FTSE100 (UK100) stock index, a sell setup is in order suggesting potential bearish continuation on these three (CFD) indices, following the recent sell off on major indices. 1. S&P 500 The rejection/resistance zone on the S&P 500 comprises...
Looking at the following to sell EUR/USD: - inside bar - 50 ema rejection - resistance at @1.1100 - Fibonacci cluster: - 0.786 Fibonacci level rejection from previous swing high to swing low and closes below - 50% retracement between first swing high at the top of the trend line and closes below - trend line rejection - Stochastic and RSI convergence entry -...
Using the following to back a short entry on EUR/GBP on the daily chart: - inside bar - resistance at ~0.7120 - mother candle rejects: - 50 ema and closes below - 0.786 Fibonacci level and closes below - Fibonacci cluster - falling trend line for the 4th time closing within the downward trend channel - Stochastic hidden bearish divergence (comparison of...