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EURCHF decelerating at ResistanceHello guys, this is my first published Idea. This is one of my favorite setups, a double top with deceleration at strong resistance. The EUR gained strength against the CHF however it seems that the bears will soon begin taking over. Looking at the higher timeframes such as the weekly and monthly, price is still overall bearish. Keep in mind that the recent bullish trend we've seen on the daily is just a pullback on the monthly. Price has now come to retest the 1.15 level which also coincides with the weekly 0.618 fibonacci retracement level. Adding to our confluence stack price is also decelerating, formed a hightest and furthermore we have massive bearish MACD divergence. This is enough confluence for me to short this pair up to next support. I would advise to protect your stop above recent price action. Only trade up to 1.5% of your account per trade. Happy trading!
Short
by Schlabberlatz
4
NZD USD SHS forming ?maybe just maybe ;-) a shs is forming ...break through trendline already done now give me a right shoulder and a neck break to get in... if you seek the risk try your luck in smaller timeframe when a right shoulder is formed ....or you stay patient until we see a neckline break of this small innerTrendline/neckline.. if we break through support the idea is gone ...if we stay above there could also a double bottom coming in play...we will see... too much guessing and predicting we have to react not to predict my friends :-) letz time and price show us what to do ...
Long
by Trueman23
SPX Ready For A RallyThe SPX is on the verge of a rally inside of the consolidation mode it has been in since the beginning of June. Reversal signals at the bottom of support is a good sign that things are about the change. Only thing left is to wait and see. An attempt to reach the resistance in the chart below is looking very likely. Don't be surprised it market does go up. The signs are there already. Just make sure you know the difference between good reversal signals and bad reversal signals.
TVC:SPXLong
by Rightsidetrading
Structure trade on AUDCAD!Hey guys, here on AUDCAD price is testing a key support level that pushed prices higher in the past. Therefore i can expect a reaction at this level on lower timeframes, such as a double bottom with RSI divergence like it's happening on the 4hr chart. At this moment price is also creating a nice engulfing candle that could additionally confirm our view. With stops below the lows and target as shown it could be a good buying opportunity. But i'm waiting to see next candle. Keep you updated! If you want to share your view or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2
GBPUSD - Short & Potential Long Opportunity 1). Bearish BAT Pattern identification signals a potential drop in process. Target 1 has been identified at the 0.382 Fibonacci Retracement from A to D (2.5 to 1 Risk Ratio) if Target 1 is met, drop your risk back down into your entry point in order to secure a risk-free position. 2). IF the market moves down into our potential Bullish CYPHER setup later during the day then we might be looking at another reversal once again at the 0.786 retracement point. Go LONG. (Feel free to comment and Feedback. Use this analysis only as a guide and Trade Classy. Good Luck!)
by TonyPTY
Aussie long position opportunity detailed information 4HThis is zoomed idea which revealed three soldiers formation triple bottom and 7500 level which stopped all attempts to go lower. Losses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes it quite nice opportunity to enter the market. I marked double bottom from May last year and January this year. What we can see here that when the pair reached 7200 area it moved north very quickly. This price action is suggesting that the bulls have very strong buying power. I would open position at current price with nice 3.5 Risk/Reward ratio. I think it is worth the risk.
Long
by Krystiannwk
3