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Structure-trade

4 Hour Bearish trend continuation tradePrice Action has created a new Lower Low increasing further to the down side. Now we have seen a relief move where price action has retraced back up to a previous support level looking left (around 0.72280) We also have a Fib confluence level (618) and a oversold signal on the RSI. Will be taking 2 positions Target 1 0.71400 retest of the lows (And even handed number) Target 2 0.7890 once target 1 is hit will move stops to break even and trail down to this level
Short
by LukeFagan
A simple and effective crude oil trade Trading can be simple. You do not need 10 factors, or trade enhancers to take a trade. Armed with a simple RSI, knowledge of structure and trend is good enough. Currently, crude oil has found support on a previous support on the daily chart and rallied into the close of Friday. For traders who want to long, well they got it. Now they have given the advantage to the bears. The entire red zone is the zone where i'm looking to short. So, in short, on the 4 hour chart i am looking for a "lower high, lower candle" within the red zone($49 to $50.50) for entry and target previous support structure at 47.25 to 46.50. Stop will be about 50.60. I am definitely going to take partial or at least tighten stop because crude oil is trading in a enlarged range with volatility. Hope this ideal helps fellow traders who are looking for shorts on CL. God bless and good luck!
NYMEX:CLU2017Short
by trutt79
2
GBPUSD- The Next Trend Trading Opportunity last week we fired off a long opportunity here on the GBPUSD at the 1.3060's level looking to capture initial profits at a retest of the previous structure highs. Now that we've reached those highs, the market is going to offer us another "decision point" A break above close above at this decision point would tell me to expect another extension higher where pullbacks can be used to hop on the bullish move, while a failure to break this level would lead me to expect a deeper pullback. IF we get the deeper pullback the next buying opportunity will be at a retest of previous structure support where I initially got involved in the trade at. An even deeper pullback and violation of that level would provide pattern traders with the opportunity to buy at the completion of a bullish Gartley Formation. Akil
by Akil_Stokes
10
A RISKY BUT VERY PROFITABLE SHORT ON AUDUSD!Lately the AUDUSD has been ultra bullish with non-stop rally but... TECHICAL OBSERVATIONS 1.We have RSI entering 80's area signaling an overbought market. 2.We have also Stochastics in overbought area. 3.We notice also Fibonacci confluence as we are at the 1.414 Fibonacci extension from the last swing. 4.We approaching great weekly resistance and psycological number at 0.80 level. 5.We have also the critical 1.618 Fibonacci extension at 0.80 level from the last swing. 6.We also have a completion of a CD leg of a bullish shark pattern. POSSIBLE SHORT TRADE: BUY STOP AT 0.80220 ABOVE 1.618 FIBONACCI EXTENSION AND PREVIOUS HIGHS FIRST TARGET T1 AT 0.77100 AT PREVIOUS STRUCTURE AND FIBONACCI LEVEL SECOND TARGET T2 AT 0.76130 AT PREVIOUS STRUCTURE AND FIBONACCI LEVEL HAPPY TRADING AND HAPPY PROFITS! THANK YOU FOR SUPPORT
Short
by The_Greek_Trader
Low risk bullish structure opportunity on EURUSD!On 4H time frame, price is giving us low risk, high return trend, structure trading opportunity on EURUSD - we get 1:4 R/R Factor. There is reversal zone made: structure zone (current OR) Fibo inversion You can enter right away, or you can wait for your rules of entry. Stop level is below current OR, target level is the retest of current NSH. If you are truly trend trader, then you can shoot for targets higher than NSH - don't forget that price made Double Top, so beware of the strong resistance zone. Good Luck!
Long
by Aleksandar_Rose
EURUSD 15M Bullish BatEURUSD on 15M is in a pullback mode, that is in an established bullish trend - look to the left, there is a series of NSH and OR(pullbacks). Currently the pullback turned out to be a complex one, giving us a potential advanced harmonic pattern - Bullish Bat. I will use the Bat pattern as an entry reason for a trend continuation trading opportunity - targets are extended. Entry @ 1,1164 Stop @ 1,1154 Initial Target 1 @ 1,1205 Initial Target 2 @ 1.1230 Good luck!
Long
by Aleksandar_Rose
1
Potential Conter Trade on EURUSDEURUSD made another retest since price failed to close higher above current NSH, but this gave is a potential counter trading opportunity. Price was stop by the current structure level and RSI is in OB condition. My entry reason will be a Double Top - since we have the left already. RSI is in OB, it's almost certain that market will put a bearish RSI Divergence :) Stops above the Double Top setup, targets can be either fibs, 0.382 from the current swing move, or previous structure to the left, which aligns perfectly with 0.618 level. Good Luck!
Short
by Aleksandar_Rose