Retest-structure
market structure break and retestso we see that structure previously broke a 1h high and did a retest with a solid engulfing pattern candlestick: i honestly think this can be a swing trade over the course of the next 2-3 days for a strong buy: i have my stop loss in place as was and i have my targets mark we will wait and see what happens if this means trend will continue with the break or not
Market structure retestSo we seen price breakout the low and then give us a retest at 0.69730 area on the 15min and failed to break back up above it meaning to me that price should still continue further down to previous market low @0.69200 and i have my stop loss at previous market WICK high which is at 0.69910 meaning my ratio is a is a 7:1 i will keep posting simplicit trades as they are key to my trading ideas and swinging for hours on end im anticipating on holding these trades till tp gets hit or i will have a trailing 200 pip tp @.69530 once price gets to 69.430 if price struggles to break the .69530 then i will move my sl to take profit. feedback is welcome
GBPAUD Retest Neckline, Reversal off .382 & .618 Fib ConfluencePrice was rejected at 1.84500. This is why 1.84500 is an extremely significant level of rejection:
1) This C level correlates precisely with the .382 retracement of the AB Impulse Leg
2) This level correlates precisely with the .618 retracement of the Impulse Leg
3) This level is a perfect retest of the broken Head and Shoulders Neckline.
4) This level is also surrounded by a strong area of structure (highlighted in yellow)
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Pin candle on neckline supportThis is the retest I was waiting for: a few days ago I posted an idea on #T highlighting a broken head and shoulders pattern. Today's candle loos like the perfect retest of the old resistance as new support.
Today's pin candle shows buyers' pressure around $31.50 and this seems a perfect area to go long; as always, evaluate this trade based on your risk aversion and money management.
EURAUD outlook#EURAUD
Price reacting to a zone and rejecting the zone looking for a break and retest. We have a trend line obstruction that we’ll need to break through. This downward move comes from a rejection of a channel on the daily. The first move I see is the continuation downward until we get to the weekly zone which will be difficult to break through.
My entry for a buy would come after a clean break through the yellow box and a retest between 1.58162 - 1.5832
(SELL)
Tp1: 1.58011
Tp2: 1.57833
Tp3: 1.57571
Tp4: 1.57251
If price pushes up and rejects near the trend line, which I see reacting to price near 1.58923
(SELL)
Tp: 1.58463
Tp: 1.58653
Tp: 1.58011
Tp: 1.57833
Tp: 1.57571
Tp: 1.57251
If we see price push up we’ll target the trend line as the move and break through the yellow box and a retest between 1.58162 - 1.5832
(BUY)
Tp:1.58522
Tp:1.58748
Tp: 1.58923
Consider the news tomorrow evening on AUD at 7:30pm est if the setup have not reacted by then.
EURCHF 1DDirectional Bias For EURCHF Is Long.
Before entering the trade I would wait for break re-test of downtrend and a strong Bullish candlestick close (Daily)
However price could kiss trend-line and and carry on falling, but due to bullish momentum i believe this is the start of
a upwards trend.
Trade Ideas Position: Gold GartleyNot the best bearish Gartley I would be trading, just look at Pt C touches the closing price of Pt A, make it a retest of Support.
If the market did not have a series of lower-high.
I will have to see how the candle close and form up at Point D before engaging the trade.
Stops above X will be above of the lower-high trendline.
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BTCUSDT Possible Retests Before 6th OCTThe 06th always seems to be a decision point, the big black triangles peak 06th OCT.
Me got the feel a big retest / predump coming in before doing a massive and quick move up to finally confirm the bullish trend a.k.a. MOON for Bitcoin.
First retest 6500-6400, second 6109-6000 zone, depending on FOMO
#doggonacci