Reasons for -We have broken our 4 Hour trend line to the downside -Therefore we have broken structure and i 100% believe that after the break we are headed down -We are going to get a impulse wave and this is a strong setup - after all the long term trend is bearish ! Yes weve had two small losses but we are going to make it back on this one ;) Also this is...
Reasons for -Firstly we are up trending on the 4 hour -We are making higher highs so to signify uptrend -We cleared key level of 0.7000 -We are trading above the Key Level -We are due for a new higher high and a impulse move to the upside -We also have come to the trend line and has show Strong level of support -Also on the trend line we have reacted and...
Here is my long term possible count for EUR/USD. This is a daily count so time will tell. However it gives us something to look forward too as time progresses.
Looking at the GBPAUD pair currently, we see a correction status forming off the latest overall downtrend. With that being said, we are looking to see a break out of daily Trendline, or the possible further drop. In order for this to happen, we are looking for the pair to break the bottom corrective trendline, in which case we will sell the breakout and wait for...
I suggest potential USOIL Long chances considering technical analysis
EURJPY has a nice head and shoulders setup. Also a major trendline is holding the pair down and has been for some time. I'm selling the pair.
The EURUSD is firmly pushing against the top trend-line of the triangle. It is unclear if a three wave retracement is still to come before a breakout. And of course a full reversal is not out of the question either. Very important line in the sand here.
Reasons for On the 4 Hour -We have been bearish since the trend line putting in nice big bearish candles -We have broken our counter trend line -We also have nice long wicks on the upside -This shows me there is more selling pressure On the daily -Firstly this is a long term trade -We can see price is down trending on the lower time frames Always go with...
Reasons for -Firstly on the 4 Hour time frame we are up trending -There is a major trend line above us so therefore i believe that is prices next level before any bearish movement -We are making higher swings after coming down to our Trendline below price which is acting as support -We have clearly seen a reaction from this trend line acting as support as you...
Approaching the apex of the symmetrical triangle drawn here. I am hoping for a break out to the downside at point 7. I would then expect a pullback at previous structure, and then have a main profit target at strong levels of previous structure. The upward break at point 6 is also potential for a small trade.
AUDNZD may be completing its fifth wave in the third corrective wave of a larger degree correction. A bullish bat is complete at long term trendline breakout/retest to enter long. SL is placed at 1.13XA which is confluent with the invalidation level, wave-(1) overlap. 50EMA and 50SMA lines may provide additional support around entry. Target is placed at...
USDCAD Wave C looks to be an ending diagonal. Im expecting a burst to the upside.
This is a scalp trade not the best but i chance to catch a quick 50 pips reasons for -Price has come to key area of 130.00 -Price has bounced of with two bearish candles -Price will need to make a move lower before any bullish movement -A small correction is needed A few more reasons to but not worth me going into detail :) Enjoy trade safe
The EURUSD has be consolidating for a very long time... When it breaks it will likely be quite dramatic. Up or down is the question. I see it this way for now... but as always the only true confirmation is the breakout itself. The fact that the bottom line of the triangle continues to be respected keeps my bias to the upside. Oh ya... and it looks like the USD...
Reasons For -We formed a triangle formation having multipale bounces on either side -We broke to the upside -We have got our retest which is key in my strategy and has put in bullish movement -Price has put in bullish hammer and then followed by two strong bullish candle clearly showing momentum to the upside Daily -We can see 3 bullish candles we are in...
XAUUSD FOR SHORT: REASONS: BUTTERFLY PATTERN COMPLETE; UPTREND CHANNEL PRESSING; WAVE 5 COMPLETE; RSI OVERBOUGHT; STRATEGY: ENTRY:1120-1124 AREA; STOP LOSS ABOVE THE CHANNNEL; TARGET PRICE:1103/1091/1082. SO , GOOD LUCK.
What call my atention the most in this case was the almost perfect equality there is between wave 1/A and 3/C. Then after looking a little more in this, it made me think we could be in a ABC zigzag correction, IF that is the case it should be a good idea to look for the long setups ONCE it breaks the channel, I am not descarting the possibility of this beeing a...
Reaons for -Firstly we are forming a triangle -We have just bounced of the trend line with a bearish engulfing -Also a bearish hammer has been put in place -We also tested this area a on Thursday and rejected this zone there fore i believe it will do so again Price action leaves clue in structure :) If we go to the daily Timeframe we can see -Lots of long...