Retest-structure
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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See my recent GBPAUD Posts Below:
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
#USDJPY Long for the RetestPrice is currently moving down after breaking out of the channel. Looking for a buying opportunity at the retest of structure. Wait for price to enter demand zone before setting a buy stop @111.209. Stop loss goes below previous low, and target is 30 pips for a risk/reward of 2.