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Pullback

ALGOUSDT|Bull trap or Pullback? Ending Diagonal Wave ProjectionPrice action and chart pattern trading setup > Falling Wedge Ending Diagonal - Bull Trap or Pullback? > Entry @ downtrend line breakout of wave 2 and wave 4 or SMA50 zone > Stoploss @ the lowest minor wave iii/v estimated position - downside limited for final wave 5 -10 - 15% and can be truncated > 1st target at wave 4 position for short term trade and wave 2 position for the medium term. SMA200 is the key dynamic resistance > RRR: 2:1 for short term and 3:1 for medium term Always trade with affordable risk and respect your stoploss.
by dukeposh
DXY 4 Hour - Decision PointWe've been tracking the DXY for a while now as it's rallied up into 2017 highs only to hold a structure followed by a break below, close below. This price action pattern allows me to make a bearish prediction with my personal tactic of entry being to wait for a pullback into previous structure resistance. Our pullback has occurred & is currently looking to once again retest the highs of previous resistance which puts us at an interesting "decision point" IF price can hold resistance again then it would be a positive sign for our short idea. HOWEVER, if price were to violate the highs, then we would be right back in bullish continuation mode with the next stopping point on my radar being 106.40's. As always, if you have any questions or comments on this idea, feel free to leave them in the comment section below as I do read through each and every one of them. Have a great rest of the week in the markets & an awesome weekend! Akil
TVC:DXY
by Akil_Stokes
EURUSD before FED Today is FED's Interest Rate decision. We're expecting to see a rise from 0.5% to 1%. A rise will definitely happen but what's more important is by how much and when would be the next one as well. Technically, we're in a strong downtrend which is more likely to continue therefore we should see lower values. The Interest rate decisions normally cause big moves and rejection wicks in price. A conservative approach would be to look for entries after the news or also tomorrow. The aggressive way to trade it would be to look to sell around 1,0590 and make an entry right after the news if there's a nice long wick. The target is 1,0400!
by ForexTrendline
17
Are we going to see a new low on EURUSD this week?The downside move continues and it looks like we will see another low on EURUSD. The pullback that happened on Friday gives us a chance to enter short again with targets at 1,0400. This week, we also have FED Interest rate as well as NFP. That could possibly mean big moves and potential reversals. At the beginning of the week, we're looking for a breakout of the previous low and we don't want to see price breaking above 1,0600!
Short
by ForexTrendline
22
A new low and a possible pullback in the last day of the month We see a new low on EURUSD every single day. Today, we're expecting the same. In case price breaks below the previous low, we will be looking to close all short positions. After such a move, there's always a time when the big players collect profits and close their positions. That usually creates a pullback. This is not going to reverse the trend but it will actually give us a better entry level for a continuation of the main trend. Good luck!
by ForexTrendline
18
Potential Shark Forming!DXY - Potential shark forming at strong PRZ (Weekly resistance) The Dollar is in need of a pullback haha, i'll be waiting for the B point to break before really looking for this shark to complete/using it as a BIAS. Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
TVC:DXYShort
by ProFxAI
The downtrend on EURUSD continuesOn Friday we saw price drop to the previous lows at 1,0767. From there we could expect a possible pullback and another drop to break below those lows. This is one way to enter short trades on rejection of the zone. It's probably the better option as it will give you a good risk to reward ratio. The other way to enter a trade here would be to wait for break and retest of current support. On both scenarios we're expecting to see price reaching 1,0673. This week, we want to get into a short trade once we have a clear signal.
Short
by ForexTrendline
18