Buy IF: candle closes above the 0%. Take profit at -27% level Sell IF: candle closes below the 38.2%. Take profit at 61.8% level Note 1: (optional) For a better entry, wait for the candle to close above or below the mentioned level, and wait for the candle after to retrace back to the fib level. Enter on or close to the fib level. Note 2: The profit target...
GBPJPY is at a significant point with a trendline and a level. It will be interesting to watch for a good short opportunity. LIKE and follow me for more ideas, Telegram group coming soon. Regards, Bileonaire.
This current trend has been very similar to that of the previous head and shoulders pattern. As seen with the arrows on the left side of the shoulder, both trends acted and pullbacked in the same manner as shown. Therefore, we're expecting the price to reject and retest at the support, then break it, possibly forming rebounding off the support.
Potential triple top followed with a rejection, due to a formation of a head and shoulders pattern. the left shoulder seems to have taken shape, as well as the head (or first peak of the double top).
Expecting a retest at this following resistance zone. Potential head and shoulders at this zone, and rejection down to the first continuation.
Hypothetical scenario: (1) Entry @ 0.96830 (Sell Limit) (2) Stop Loss @ 0.97200 | 37 pips (3) Target @ 0.96000 | 83 pips (4) R:R = 1:2.24 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
This post also serves as a continuation of my last EUR/USD post, as the target from the last post is basically the entry on this one. Hypothetical scenario: (1) Entry @ 1.09940 (Sell Limit) (2) Stop Loss @ 1.10990 (105 pips) (3) Target 1 @ 1.07730 (220 pips | 75%) - SL to Break-Even (4) Target 2 @ 1.06550 (339 pips | 100%) Stay tuned for the...
Hi Guys, Today in this Technical analysis of EUR/USD - 60M we can easily observe a very strong Bearish movement in the market from couple of past few days and the market had also respected our Trend Line as resistance, Our 200 EMA also seems to resist market price here. In addition we can also expect Retracement from .382 Level from Fibonacci...
As you can see we previously saw price break our zones which hit our TP. Higher prices are being rejected we now are looking for the pullback. lets see how the week ahead is going to look as we prepare a sell with the look at the market dropping down towards the 26000 level.. its a new week so lets catch some pips because Everyday is Money Day! please follow...
Hey everyone, I managed to take a quick short scalp trade on the $EUR/USD for a 2.6% gain I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m) Details: Entry @ 1.13190 Exit @ 1.13180 **NOTE THAT...
Eurusd recently touched a very strong resistance on the weekly time frame. Were looking for it to break the trend line pull back then continue to ride the bearish momentum ! To those who keep an eye on this set up cheers !
Possible Sell Setup on EUR/JPY - All Yen pairs looking the Same.
looking for a pullback on USDJPY then looking for sell setups on the smaller time frame. if price can hold the 110.000 - 110.500 area we could possibly see downside from there.
As we see in the chart above, the price started going down and then making a retracement in the 0.5 fibonacci level. If the current candle ends as an envolving candlestick, I`ll be going short looking for a 3-1 risk reward.
Entry at Market Target at 1.7638 Stop at 1.7815