Evening Traders, Today’s Analysis – NZDJPY – breaking a key level where an S/R flip will confirm structural support. Points to consider, - Impulse bull move (breaking key level) - Bearish Divergence evident (allowing for a retest) - Structural Resistance (immediate target) - RSI putting in lower highs - Stochastics sell cross NZDJPY broke resistance with an...
As its a new Week I have been reviewing the weekly chart to get a better idea of the overall move. On the lower time frames my Initial thoughts were short but looking here I think we could see a rise. Short term I do think we may see a retest of 0.70000 area the fib retracement on the most recent Daily impulse leg up gives us a 618 at one of my weekly key...
So on the Daily I have a bearish outlook and have a few patterns Im watching, We have seen a break below the daily trend line, how low will we continue? Here are a couple of ideas a gartley and a Bat, presonally the bat for me offers a better rr but will watch and see
After the 2 targets hit on the bullish bat this has now brought us to the 618 area of retracement following the recent double top impulse leg down and retracement for a 2618 trade. as for tragets seeing as the 1.29993 level is the most recetn bit of strucutre/reversal point will see if we continue down to this area first
Looking at structure possibel flag formation
So price has finally dropped down to point D of a Cypher idea I had last week. 2 targets 382 and 618, stop is below x at a previous point of structure. I am not active in this trade just testing ideas
double top, outside return to 618 then coudl see a continutation to the downside
Double top as Highlighted, Broke structure and now waiting for the outside return. Got my order set for entry at 131.37 Stop Loss at 131.75 and Take Profit 129
Been focusing soley on this pair for the last 2 weeks as I love the way it moves. So looking at current movements on the daily and weekly I feel we are still looking at a move down, so looking at way to get involved we could have this cypher complete
Retracing in form of a complex pullback back into structure which now should act as resistance. Expecting further downside continuation based on daily timeframe. Trade your plan! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
After the brexit, the GBPUSD has been consolidating, trading sideways, that is a great scenario to trade between the structures, in this case in particular we have a 115 pips wide range where we can either buy at @1.2968 or sell at @1.3084. Depends on which gets filled first The best opportunity for us is the short one, because it has a significantly major...
If we end up getting a LLLC here on the EURAUD, my prediction for the next place that we'd see some buying pressure at is down at the 1.5050's-1.4950's level. As a buyer, that's where I would look next if I'm interested in trying to catch a pullback. If I'm a seller, then I'm looking for a retest of previous structure & a chance to hop on the downward move in...
I have been watching the 4hr and Daily Time frames and felt that we had reached the bottom, the pair has pushed a bit further lower as we can see with the wick on this weeks candle If the cande doesn't close outside of this box I feel we could see a reversal in the coming weeks
Possible C to D leg forming if we see point D will look to go long
Just a simple Double top on The Daily, which we also have on the 4hr and 1 hr charts
So was a little bit early on my entry as we moved almost 55 pips higher! But what we have seen is the pair come back up into recent highs and form a Double top. This are is well into the oversold area of the RSI How there are 2 possible outcomes we could come back down to the 0.77743 level and bounce or If we break structure there is a possible 2618 set up,...
Trendline, dual fibonacci, structural support, pinbar on 15 min. Good luck!