EURUSD: A cheeky buying opportunity..''BUY MARKET ORDER''
Why buy?
bullish Gartley '222'
bullish hidden divergences
Fibonacci cluster
EXTRAS;
Sellers were unable to push prices beyond a third of the ongoing rally. This should tell you that the buyers are strong, at least compared to those selling at these prices
X is one tick (!) away from a third of the previous rally, coming in at 1.18261, plotted on the chart. The exact low was made at 1.18262
Fibonacci cluster consisting of;
1.618 AB=CD, 2.00 extension, 0.786 retracement
Measuring the distance in time and price from X-A and comparing it to the distance in time and price from A-D tells you a whole story. In this case, on the chart we see that it has taken the sellers 10 times as long in time to barely even touch the 0.786 retracement. This should tell you that the buyers are winning the fight
less than 0.382 retracement indicates the trend is strong and confirms the theory above
I am looking to take this trade with stops 2 pips below 0.886 of XA. If stopped out, I'll be looking to enter again this time with stops 2 pips below X
If we go below X next support levels are potentially located at 1.272 or 1.618 extensions
Good luck to all everyone trading EUR!
Hiddendivergence
A chance to sell NZD/JPY''SELL MARKET ORDER''
Why sell?
Butterfly
Fibonacci cluster
Bearish hidden divergence
Cluster consisting of: 1.272 ext. 0.236 ret. 1.00 projection
Stops: 2 pips above the 1.272 extension at 71.276
TP1: 70.5
TP2: 70
Good luck to those following and everyone else trading NZD/JPY!
EURUSD; bearish trend continuationPesavento triangle preceding trendline break and re-test with hidden divergence confirming bearish strength
When price is trading 61.8% in the direction of trend, move stops to entry point. This will give a risk free trade.
Price objective should be the low of the triangle, with potential extension targets plotted on this chart:
Good luck to all trading EUR/USD !
NASDAQ - US100 - NQ1! - SHORT - H1 - Intraday Analysis - NASDAQ - US100 - NQ1! - SHORT - H1 - Intraday Analysis
We have a still a bullish Parallel Channel on the H4 & H1 chart and the major trend is bullish.
But we have a bearish reversal now with an Inverse head and shoulders pattern and also a hidden bearish divergence on the stochastic H1.
Now we are waiting for a pullback on the trend line to consider to enter short.
Our first target will be the 0.382 Fibonacci Level and second target the 0.786 Level.
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Entry: 9450.00 | Stoploss: 9520.00 | Takeprofit1: 9350.00 | Takeprofit2: 9240.00 |
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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GBPJPY: Trend continuationCypher pattern appearing on GBP/JPY. RSI confirms a bearish bias, therefor short positions have been taken.
Grey highlighted box illustrates a price in which the market found both support and resistance within a relative short period of time.
Some people will say the chart looks like a Head & Shoulders, and I would agree if I did not know better. If you look on the left side on the chart, you will see that we have plenty of room to go in terms of demand which probably will end up getting filled atleast once again. We could potentially end up testing the initial support at a very psychological and major support level at 124.
Hope you enjoyed the analysis and good luck to all trading GBP/JPY!!