Potential Cypher on EURUSD 1 Hour ChartThere is a potential cypher pattern forming on the EURUSD 60 minute chart. Market has put in an XA move with the AB retracement completing in the zone. This is one to watch on the radar, but it is still a long way away from completing. We still need to see the C leg extension followed by the D leg retracement. I am projecting the pattern to complete around 1.17082. This is on my radar and I will be updating this trade as it develops.
Potential
Potential Bullish Trade: GBP/USDThis is a what if idea! IF prices can retrace to our killzone around the .38-.50 retracement, we could possibly see a bullish breakout of consolidation. *Keep in mind GBP/USD is at a psychological level (1.3000).
Entry: ~1.29928
TP1: 1.30801
TP2: 1.3169
Stop Loss: 1.29289
R:R (1.4) at TP1 (2.3) at TP2
EURUSD LONG - THREE TRADE SETUPSThe Horizontal Rays shows you the trade setup with ENTRY/BLUE-STOP/RED-TARGET/GREEN.
If we can manage to get a CLEAN break above the BLUE BOX - Look for a rounded retest for a run up to the first high initiated in red.
If we are going lower then the mean reversion trade - spread your long entries in the lightblue box with a master stop where you think you dont want to be bullish on the euro anymore.
DJIA/DOW JONES BULLISH PROJECTHello, everyone!
Dow Jones INDEX:DJY0 is forming the bullish wolfewave.
If the price goes South within the indicated borders of FIBO fan (38.2-61.8), it'll shape the classic WW pattern which represents an interesting opportunity as potential long setup.
GL All and profitable week!
$baba falling wedge breakout higher time frame in defined uptrend with positive trend strength
mid time frame showing continuation pattern in form of falling wedge=potential to breakout or breakdown continuing en route to apex
lower time frame showing bullish price action making higher highs and lows as it test resistance area of 135.3x area
first target 136.6x area and if broken next target to 138.4x
DXY: BITCOIN BTCUSD Potential weekend hedge for a falling DollarDXY: Dollar index and Bitcoin: The Dollar has closed for the weekend on its lows and below critical supports and will get hit again hard on Monday. It should fall a further 1.7% from here over the coming week or two. But there is one potential way to hedge this situation: it depends on Bitcoin breaking above 2460. If it does it should be worth following this weekend. Please see Bitcoin comment for more details
USD BITCOIN: How to hedge against a falling $ this weekendDXY: Dollar Index The Dollar closed on its lows for the weekend and will likely be sold off heavily if not in Tokyo, in London come Monday. it should fall a further 1.7% from here.
But there could still be an opportunity this weekend to hedge - it depends on Bitcoin breaking above 2460. If it does, it should be worth following. Please see Bitcoin comment also.