based on price action
this is a trend continuation kind of trade. I am expecting the D to hit the resisstance indicated above though it may take till tomorrow. My stops are based on the 15 mins. I don’t expect a pull back below the 13580 area, however, I expect a number of pull back along the way. my best entry would have been 13670
Traders,
Nice potential opportunity for a trend continuation short on EURJPY pair.
After we broke the previous support level my bias is very bearish on this pair.
The bat completion can be a reason for entry.
Have a great weekend!
Traders,
Got the pro feature for some extra detailed analyses for you, to explain my reasons for entry better.
Everything is in the chart for a nice short opportunity on EURCAD.
Potential entries if my rules are met at 1.56200
SL: 1.58156
T1: 1.51860
T2: 1.49166
Best regards
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Traders,
Great opportunity to buy USDCHF for a trend continuation opportunity with this bat pattern completion.
First target at .618 level.
Second target at previous highs.
Best regards,
Traders,
A nice looking bearish cypher formation completed.
AUDJPY is bearish (D TF) so we can use this cypher for a trend continuation trade.
Looking for a LLLC to enter.
T1 at .618 of CD leg
T2 at previous lows (C point of this pattern)
Best regards,
Have a great weekend! :)
Twitter: twitter.com
StockTwits: stocktwits.com
I'm a switching from long to neutral on this one....not short yet because even though we dipped below the 50ma , which kept us from getting 5 consecutive candles closing above the 4hr buy/sell line, the 50 ma dipped down to catch the next candle and the current candle is still above it as I type this so it is at least currently maintaining support, we got a nice...
Trades,
USDJPY still very weak after the break of the 108 level.
I think that the price can still move to at least 103.000.
Found a nice potential bearish gartley on the 4H chart for a trend continuation trade.
Best regards,
Hello traders,
2 nice harmonic patterns on CHFJPY 0.11% to hop in the trend.
Reason for entry:
Price broke a major support level on the daily TF. That gives me a reason to short any harmonic move's into the previous outside return.
Pattern 1 (blue) - Potential Cypher:
Entry: 113,882
SL: 114,577
T: 111,501
Pattern 2 (pink) - Potential Gartley:
Entry:...
Traders,
Similar to the USDJPY i published recently the AUDCAD broke a major resistance area. This indicate's that the price can move higher to a next potential reversal area (drawn at the chart).
After the breakout i predict that the price could move higher to that zone.
This cypher pattern could be a reason for me to get long with the trend.
SL: 0,99734
T:...
BTCUSD continues to fall after bouncing off the bearish channel that has been in place for 2 months now. RSI showed that the market was overbought and the 2 week bullish growth was exhausted. Expect further decline of BTC with some short term ups and downs in the currently formed small bearish channel. 50 day MA has been broken by the trend as well.
Do not fall...
EURUSD Friday Update
Although now flat on all pairs escept USDJPY, still believe EUR is going to weaken, just not convinced
there's enough impetus right now to force it back lower into new lows with any real power behind it.
It's either going to fail here, as it's back testing the neckline of the head and shoulders looming
above it - high in London at 1.1671, so...
Hey guys,
GBPUSD is at the retest of the previous highs that were broken in the last period. As mentioned in the earlier GBPUSD analysis (here below) weekly and daily charts are telling us the trend is overall bullish, and therefore i want to take that into consideration when looking at lower timeframes. Be ready to long this market if we have some kind of...
I feel it is very important for the market to do something i like before i enter the trade (create a case for entry) that's why i want tit to first test the previous high for support before continuing with the trend . We also have some pretty sweet fib confluence that the market is likely to recognize
The plan is to wait for the market to retrace at the EMAs and the fibonacci levels to confirm the break and short according with the price action.
If you have already a short position from the BAT pattern trading setup then relax, that entry level is perfect. Keep your position!
With regards,
Michail Sideris
2017-05-03:
Price action currently siting around 38.2 pullback. Having broken the previous structure low and closed below, and put in a previous double top, this price action has broken the SMA50 and is heading south. RSI and Stochastic are oversold or close to oversold, suggesting a short term retracement is close by.
Assuming continuation of Bearish move, the...
