Entry price, stop loss and targets are mentioned on graph.
Either it hits the line and drops. if so then we drop to 4hr and look for entry e.g first engulfing candle. Or it goes beyond our line and we leave the trade.
The Breakout Opportunities system has just sold AUDJPY at 81.771. The system recommends entering this trade at any price between 81.604 and 81.873. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.792, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high...
EURCHF is approaching its resistance at 1.1321 (100% Fibonacci extension, 38.2% & 76.4% Fibonacci retracement) where it could potentially reverse to its support at 1.1268 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
The Tidal Shift Strategy has just sold EURCHF at 1.12916. The system recommends entering this trade at any price between 1.12803 and 1.13028. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.11912, which suggests that the EURCHF could be trending downwards.The 14-period...
EURCHF is approaching its resistance at 1.1305 (100% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 1.1248 (61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (21, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
CADJPY is approaching our first resistance at 85.06 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where a strong reversal might occur below this level pushing price down to our major support at 84.31 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching...
Dow Jones had settled lower at 24370 levels at yesterday's close. Further to what we discussed, the indice looks to be setting up for a pullback/counter trend rally towards 25200/300 levels from here, before it resumes lower again. Please note that 25200 is also the fibonacci 0.618 resistance of the drop between 26000 through 23870 levels, as highlighted on the...
Nikkei is testing our first support at 21121 (horizontal swing low support, 100% Fibonacci extension , 76.4% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 22739 (horizontal swing high resistance, 100% Fibonacci extension , 50% Fibonacci retracement ). Stochastics (89,5,3) is also approaching...
EURCHF is approaching its support at 1.1283 (100% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.1283 (61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its support at 0.9% where a corresponding bounce could occur.
It has not been a good run for the last couple of patterns, but nonetheless one should keep trying... Here this one, where PA has already pierced the zone but no bar has closed inside yet, so I'll keep an eye on it. Entry: 1.12875 SL: 1.12610 TP1: 1.13103 (.386AD 1.33 RR) TP2: 1.13281 (.618AD 2.15 RR) No Limit Orders, but waiting for PA movements on the zone...
GBPJPY is approaching its support at 142.53 (61.8% & 100% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 145.50 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 1.7% and there is...
Gold might be unfolding into its last wave at a lower degree at this point, and prices might be hitting $1246/50 anytime soon. The metal is trading around $1241 levels at this point in time and looks like its into a sideways movement at a lower degree before it bursts higher to $1246/50 levels. Looking into the wave structure though, Gold is still working on a...
The Dow Jones might have terminated Wave (2) just short of 26300 levels yesterday, as expected and discussed earlier. It reversed sharply giving in almost 800 points after that and it could be possible that Wave (3) lower might have begun already. Looking at the structure now, the Dow has unfolded into 5 waves from 26950 through 24100 levels respectively, labelled...
EURCHF is approaching its support at 1.1257 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal swing low support) where it could potentially bounce to its resistance at 1.1307 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance). Stochastic (21, 5, 3) is approaching its support at 6,1%, where a corresponding...
There are two harmonic pattern on chart. Also 2 position will open on this chart. Important numbers mentioned in graph.
XAUUSD is approaching its resistance at 1239.73 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1213.26 (50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
The Dow Jones has reversed sharply after testing 26000 levels recently, in line with the discussions held since last several trading sessions. Looking at the higher degree wave counts, it is becoming clear that after having produced Wave (1) impulse between 26950 and 24100 levels, the indice might have carved a 3-3-5 running flat corrective structure labelled as...