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...
This is a pattern out of Scott Carneys Book Harmonic Trading Vol. 1 as the Bullish Bat it is almost text book for his perfect Bat. This is on a smaller time frame, but there is a daily BEAR BAT could form on the daily for a good short term position trade! I have the Pending set at what Scott Carney refers to as one of the more significant retracement levels of...
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...
EURUSD short, we have seen that finally EURUSD found a strong resistance in our Fibonacci level 88.6% which did hold for 5 days. and that shows that buyers momentum/ volume has decreased and sellers are slowly building and building more selling volumes now. as we follow daily timeframe and trend its in a bearish trend
The pair is near the 0.886 fib level of the down move from .8750-.8360. It is also at the top of a corrective channel and the RSI is highly overbought. This a great risk to reward trade. Stops will be above the high. Zoom into lower time frame for a better entry. *Please use your own strategy when making a trade. This is just my personal view and not a...
Fib Combo: .886 Reverse Stop loss below X; Targets: 117.27-117.62-118.07. Cheers and good luck. Jason