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Longpattern

EUR Still long, but pattern rule now in effectLooking at the overall picture we have some show of where sellers started to group in to try and make the last drive from this level, and since we have already pushed further down below the 1.091 level that was quite respected, I'm thinking more sellers will continue to try and push it down and make a downtrend. The pattern rule part: Almost every single time I see this "V" pattern with EURUSD it will almost come down 33% of the pattern, then finally go. Not sure why it traveled so far up this time, but, we are definitely coming back to it, as usual for pair behavior. What's going on near the supply zone: Think of the V as filled orders, More filled at the top, less on the bottom, so more unfilled orders at the bottom. I have a few ovals to represent where I think most unfilled orders remain. You can always see who is "in the market" but it's the one's waiting it out who get you. The very bottom is where most orders should still remain, waiting to fill. We do have a demand zone, but it could be broken with a tail and then rocket back up from the bottom orders left. Most likely entry is around the demand zone, and a stop below the v at about 1.072 would be a likely stop for an attempt long in this area. Because of the very High R rate, I will set alerts and wait for the price to enter the 1.084 zone, and watch until the price comes back above the 1.084 before entering, then stop at 1.072 and target of 1.1015, the next major level. Still net positive 40 pips on the idea, so I want to try and get some confirmation before entry, and not give back what I have already gained to this point. A stop run then rush up would be a great signal as well, and could potentially dip below the V as by that point sellers should have some serious confidence again. Using dotted paths to show likely expectations of how it may move back up and out.
Long
by ForexStoryteller
3
WTI AIMING FOR NEW TOP!US OIL ON A KEY RISING SUPPORT Since last week, Oil tries to break the next resistance and head towards a new yearly high. If that is to happen, at some point we will expect the price to pullback towards the blue trendline before gaining more bullish momentum. The pair rose and started a consolidation. Analysts expect next week pullback to finish and the price on the way at least the $77 level. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
TVC:USOILLong
by legacyFXofficial
1
FCPO TRADING :105) BULL is in chargethis is 105) trade frm haidojo trading...bear has loosened its grip and bull is celebrating its triumph this time...2760 resistance level has been broken and now turn into new support level...as you can see frm daily chart, new resistance level has been inched up higher to challenge 2830 and 2900...according to the past experience, once the price has past the average mean price for the past 10yrs, WHICH IS AT 2773 ...things are going to speed up... higher resistance : 2830...till 2900 (psychological number) current support : 2773 the AVG MEAN for the past 10yrs, or so... lower support : 2760... WARNING : this is juz a trading idea...trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FCPO1!Long
by HAIDOJO_trading