15 minute timeframe. A fibonacci cluster is appearing around a very psychological and major resistance level, around 137 flat. Good luck to all trading GBP/JPY !!
Disclaimer: OMGUSD could have made a higher low here but I'm aware OMGBTC is currently at all time lows so this is definitely a punt, I don't give financial advise but if you were to ask my opinion, this is a low risk trade, the chance of this working is slim though. Reward very nice if it does work but my position size is extremely small due to this essentially...
The EURAUD price dropped significantly last few days and it getting close to the major support level at 1.5630. The price respected that level multiple times (green arrows) and it is more likely it will do it again. The sellers are going to lock their profits and buyers are going to step in, which will increase the price up. Moreover, the EURAUD formed a bat...
Bullish Bat completed on the 1hr which is my reason for entry, however my long term bias is long and have a higher initial target 90 pip risk / 230 reward
Will be watching the price action closely for a short as there is a good confluence of data. It's at the .886 retracement level as well as a bearish bat pattern. TheRSI is in overbought territory as well. A pin bar is forming on the 4h chart. *Trading ideas are personal view. Not a recommendation for a buy or sell, please use your tested strategy. As always if...
Very nice trade call in our group. Bat pattern is also completing and ready to buy. Potentially it could go all the way to 0.886 before turning so a larger stop was being used. Trade with care and goodluck.
There is a 3 drives completion around .6715-.6720. I'm looking to get short around .6717, with my stop at .6726. I wanna take profits at the swing low at .6675. There is also a .886 fib confluence in the kill zone. Good luck trading out there.
There is bearish Gartley setting up on the 30 min time frame for all of you pattern traders.(Completes at .786 around 1.1245 depending on how you trade patterns). Even if you don't trade patterns, there is a 1.272 extension and .886 fib confluence right into a double topping formation. Along with a one-to-one extension. On the 4 hour time frame we made a lower...
This pair has been bullish in the wake of the ECB's rate cut and the increase in QE. We have nice zone (1.1215-1.1225) where we have a one-to-one confluence, a 1.618 inversion, and a .886 Fib retracement. This could be a potential zone to get long in the underlying trend. Look for price to reject this zone first before getting long. I would have my stops just...
As you know I trade D-levels and I usually dont care so much about harmonics but this time could be quite good chance to long this chart at the shown area. The XOP alone WILL power this chart up when its reached, there is no question about that but if we get a bit help by the harmonics folk we could be in for some seruous upside :) Enjoy
Here is simple trade with low risk high reward. Looking for price to reject the 88.6 fib at 1.5175. Wait for price to reject this level before getting long, i.e. double bottom, doji, pin bar etc. Price is running into a nice little structure area. I have two structure based targets one at the 1.5300 handle and 1.5380. Good luck trading out there.
Hello and good morning traders, I hope you all had a great trading day yesterday. Lot's of big moves, making way for great opportunities. I'm looking at the EUR/USD today on the 4 hour time frame and we've come into an 886% completion for a bearish bat pattern. Stops and Targets are in place, looking for a potential move down into Target 1. Star Prosper Philip Stewart
Coming off 52 week highs for the identified 'XA' leg. 37.50 is clean support on both daily and weekly charts. There is also very nice bullish momentum divergence seen on the Mac-d histogram. Enter Long just in front of the 'D' point at 37.55 Stop Loss below 'X' point around 36.60 My initial Profit Target will be 38.75 which should see resistance with second...