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Highprobability

Countertrend! Wait for a little longerIt might very well be that Price will retrace after this recent impulsive Swing-Breakout. But... there is a more significant Swing-High Resistence waiting above + the RRR will be much better. Knowing that ABCD like movements often set up exactly like this: 1. Impulsive move "though" Highs/Lows 2. Some wedge or triangle consolidation 3. Another impulsive move for +/- the same length than the first move If price does not retrace significatnyl and then continues rallying into the next red area I'll be definately looking for a countertend trade
Short
by LorbeerInv
The end is coming John Snow! Or is it here already?Looking at the daily we see the the major swing highs come at the same price levels whereas the major swing lows are coming higher forming some kind of triangly. The firs swing low went as low as 88.6% of the the upmove. The second swing low is now resting at support at the 78.6% of the consecutive upmove. Price might bounce of here already however if it continues falling it may run into a stronger support of: ABCD (1.27% extention of AB) Major Swing Low Support Outer Uptrendline Same Fibonacci Retracement level 88.6% as previousely respected Ideally I'll be looking for the RSI to break out of the trendline, previousely being oversold and left oversold + Candlestick or simple price pattern on lower timeframe. As this is a countertrend trade and the USD is sold off heavily at the moment by hedge funds I would not shoot for a very large target. Try betwee 1,5 & 2.5 - Reward for 1 Risk
Long
by LorbeerInv
Full outlook. Elliot wave & other technicals analysesLooks like price is about to complete an Elliot-Wave #5 before it might reverse into a 3 wave downtrend move. The 1.3250's look like a decent area of multiple resistance for countertrend traders to take short entries. Break down of the 1.3250: *Uptrend channel - Price first overshot the channel then undershot. Which leads to the believe of a weakening of the uptrend. *Projection of 100% of wave 1 & wave 3 end in this price area *Other Fibonacci extension levels that typically act as R&S cluster around this area The more traders you have on your side the higher is your POP, Probability of Profit Paired with a Risk to Reward of 1 to 2 or even 3 makes it a valid trading opportunity. *Disclaimer: Reference is made to the disclaimer under lorbeerinvesmtent.com Please apply risk management before taking action upon a tip.
Short
by LorbeerInv
Daily Bat Pattern with H & S Support at previous structure!Hey folks, I've found a bullish Bat Pattern on AUDNZD Daily Timeframe. I do not trade based of the daily timeframe but thought this one might be interesting to share with you guys. There is also a potential Head and Shoulders Formation which makes it even more interesting. If we break the neckline of the H&S then there are potentially more traders looking to go long this pair. As always, Trade your plan! Cheers, Felix
Long
by WirmachenTrader
1
Multiple Argument short entryPrice started to form what could become a H&S - Pricepattern On the 60M we see that the second Shoulder comes in form of Double Top. Not yet confirmed since the SwingLow of the DT is not yet broken but price gave us a CandlestickPattern on the second top. Since we are at major Resitance of higher timeframes I see an edge on the trading diection => short wich could complete the H&S and then privde further opportunity. 1. Short on speculating on a neck break of the H&S 2. Long on candlestick pattern at Support on the 60M, speculating that price bounces back to the neck line 3. Short again on the neck line speculating on a continued trend 4. Second short entry possibility on ShouldersRessitance
Short
by LorbeerInv