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Structure-trade

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
GBPUSD is heading towards Reversal ZoneAfter price broke higher the structure zone, now GBPUSD is heading towards the reversal zone on 1H. Reversal Zone is formed by: 1.414 Fibo Extension from the current structure Low to local high 1.618 FIbo Inversion 0.618 Fibo Retracement Structure to the left (purple one) You can enter aggressively on that structure trading opportunity or your entry rules - LLLC, Double Top(don't forget the RSI) and so on. Stops above the structure (purple one), the target will be a retest of the Structure Low. Good luck
Short
by Aleksandar_Rose
USDCAD - Don't or Do Catch The Falling Knife?We just took a look at this pair in the Syndicate and I wanted to share it with you guys as well. I'm looking for buying opportunities here on the $USDCAD and this particular trade fits right into today's theme of being "Predictive with your analysis & reactive in your execution." With the change in Canadian sentiment, we've seen a massive amount of buying for the CAD, nothing last forever and this looks to be a good place for buyers to retest the market (buy orders) and for sellers to remove some profits (buy orders)...See what I did there. Anyway, I just missed confirmation on the recent for hour close, so I'll need to wait until 9pm NY time for my next opportunity to get involved. Whenever you see this type of move you hear the cliche, "don't catch a falling knife" reference. To be that's a bunch of bull and as counter trend traders it's our job to catch those knives as long as their at smart areas in the market. Akil
Long
by Akil_Stokes
16