XAUUSD - Long SetupWith this Doji pattern we expect a reversal movement.
Long Setup:
Entry: 1185.39
TP: 1252.96
SL: 1160.761
Happy trade :)
Reversalpoint
BOUNCE AND BREAK [EURUSD Daily]If the gold S/R -D1 Holds, the price should break the trend line and a trend reversal could take place.
A green candle that breaks the upper trend line is my first confirmation.
Further divergence on RSI will validate the trade
GBPNZD - Long positionCould be a reversal zone.
R:R : 4.09
Buy Entry: 1.68717
Stop Level. : 1.63906
Take Profit Level. : 1.88392
AB=CD completion near a PRZ.AUDCAD completed an AB=CD near the highs of 2014(See the link below for older post on this). For me this is a very good PRZ and gonna watch it closely next week.
If you switch to 4H you will see the divergence more clear on the RSI. As always i'm putting both aggressive and conservative entry scenario.
Like if you agree, follow and support please!
ETC price actionMaybe, just MAYBE, this could be the beginning of a reversal of sorts, so let's wait and see if the price manages to consolidate above the broken trend line.
Nike Showing Double BottomLooking for a bounce with NKE now showing a double-bottom from it's June 2016 low. Volume looks to be getting lighter, so I'm looking for volume to increase on the reversal and take it to $55.
Helpful Gold Analysis and trade set up with entry strategy!A breakdown of Gold with potential scenarios for both the up and downside.
The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested.
Good luck!
USDJPY ABCD Pattern Short Sticking with the prevailing trend on the higher time frames and looking for a possible short entry to get in on should this thing break to the downside based on the 1D chart. The area where this harmonic pattern would complete comes in at a previous structure level on the 15m chart.This may serve as a possible short entry should there be SIGNS that the market wants to revert and continue down (I need conformation like a teenager!). I would only enter if both legs match, AND if there are bearish signals at that level. Just my two cents, what do you think?
long term 1 week buy on cadjpyreversal of major downtrend since price has been way below 50 EMA and stoch is oversold id say buy now or soon as possible with a buy order for 76.152. collecting profit at 79.432 would be ideal for price consolidation.
Wedge Top on 4hr chart4hour chart is showing a wedge and it strongly reversed down. It is now in process of testing the top again. It is a good place for double top than breakout so it offers good risk reward ratio here.
Sell in the region of 1.118X with SL at 1.1210. target area is 1.1120 and 1.1080.
NZDUSD 1D possible reversal.This pair went all the way down nicely to the support area and the indecision candle formed at the end of the week. This area has been tested several times before, but NZD/USD is in major uptrend right now, plus, the bottom wicks and the placement of indecision candle (the Friday one) are indicating that Bulls're taking control, so I'll aim for opening long position, when the reversal is confirmed.
Possible Bottom & Breakup >>> Reversalpoint?... (!!!)Looks like we have some a break out (although not 100% clear) on the 4h.
Moreover, the last dip makes up for a possible bottom since it met a) the lower end of bull channel and b) the lower end of linReg(50,200).
It is not a clear hit, what could mean it takes another shot at it, but the bottom might be in here already. Especially, in the light of Bert continuing to be weak as hell, this is a reasonable spot to long...
Happy Tarding!
USDJPY to reach 108The pair dropped significantly after the BOJ announcement but recovered strongly soon aftertwards. Strong support is now at 105.560 and the jpy is heading up to 108. This is gonna be a interesting area as large selling volumes were spotted in there in April. USDJPY is being traded within the downard channel and there's no bullish sentiment until the 111.3+ is broken. I assume at 108 we could see a nice move down to 107.32. As alternative scenario the breakout to the upside is possible too.
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Dare to Go Against Trend ?? Yeah, GBPUSD, if my conditions MetThere are many traders out there who are anxious about going against the Trend, bcos they are unsure whether that works.
Well, Today I got one scenario in GBPUSD where going against the trend can be profitable , only if market reverses in our marked Potential Reversal Zone.
See how markets moved in Harmonic move thrice and yes, there is an ABCD pattern which I didn't mark for clear view of chart.
Fib Confluence also happening in the zone and if Double Top forms there I will be going short in GBPUSD
Check your Rules and Trade... Happy Trading !
Hit Likes for Agree which is boost for Me :)
Full of patterns on EURO???Market is trading below a significant resistant since sept 2015 plus there is several possible patterns. In the red is a good area to go short. This market prediction is just my opinions. If you agree hit like button, or you can share your view.
NZDUSD 60min Bear Trend Continuation Trade (TCT)NZDUSD had a good run up recently. But since then we have Double Topped and broken and closed below 2 support levels now.
I've sold this rally and entered on a reversal pattern via candlesticks.
Stops - 1 ATR Above the Reversal Zone (Yellow Box)
Target #1 - Retest of Lows
Target #2 - 1.27% Fib Ext
EURUSD TARGET UPDATES ON SHORT SETUPWith the new volume data coming new calculations made! Here it goes.The reversal points i wrote should work fine! There was another target under 1,0590 (which is 1,0480) again now i don't think it would go under 1,0590 (for now) but if, then buy more :)
