ChrisThein

ChrisThein

Looking for price to come back up into structure and reverse to continue with the trend. Look for price to reject the area in the kill zone (red box). I would take profits at the swing low and use a ATR stop. Good luck trading.

ChrisThein

Looking for price to bounce out of this small structure support for an aggressive entry. Look for a hammer, doji, etc to reject that level before getting long. Otherwise you can wait for a deeper pullback into the .50 fib on the 240. See the chart on the bottom right. I'm placing my stops just below the swing low on the 30 min and my first target at the swing...

ChrisThein

This is just a simple retrace back into structure trade. Shorting at .6650 stops just above the swing high with our target at the swing low. Good luck trading.

ChrisThein

Looks like we have a measured move setting up on the 15 min. Price retraced to the .618 after double bottoming at .7128. The measured move runs exactly into the 1.272. I got a great fill at .7139. There is still a good opportunity to get long. Looking to take profits at the 1.272. Stops below the swing low. Good luck trading out there.

ChrisThein Updated 

There is some RSI divergence into structure on the 15 min chart. Looking for price to reject this level with a strong bullish candle, then wait for a slight pullback to get long. Looking to go long at 1.5365, with a stop at 1.5355 take profits at 1.5411 for a short term day trade. Long term there is a bullish bat setting up on the 240. Good luck trading out there.

ChrisThein Updated 

For all of you Bitcoin traders. Price just hit a weekly supply zone at 500.00. Its a big psychological price point as well. I would wait for a double top at 490 even before going short. There is some RSI divergence on the 60 minute chart. You can take multiple targets on the way down. I would look at 400.00, 333.00, and 285.00. You should trail your stop with this...

ChrisThein

Price is coming to a 4 hour support zone. I'm looking for price to reject the 1.0815/1.0820 level. Look for a reversal candle or a double bottom. I would take profits at 1.0915 level for a day trade and at 1.1000 for a swing trade. Also if price retraces back up to 1.0915 before reaching 1.0830's I'm looking to short and take it down to the long entry levels.

ChrisThein Updated 

There is a possible bearish Gartley setting up on the 15min/60min. Check your data. I'm going to leave a limit order at .6780 to sell with my stop at .6808. Just because price likes to gravitate towards those levels with a nice even handle. You could have a tighter stop though (see my two different stop areas.) I'm looking to take profits around .6735 and .6695...

ChrisThein Updated 

There was a Bat completion on the 240min. I'm looking for a retracement back to the 133.45-50's to get long. I would be looking to take target one at 134.15 and hold a second position for a long term play up to 135.40. Good luck trading out there.

ChrisThein Updated 

I am looking to get long at around the .618 retrace around 120.50-120.30 level. I would let price test this level before getting long. Once I get long I'm looking to take profits at the 122.00 even handle. If we get a strong close above 122.00 I would then look for a retrace to get long for a longer trend continuation play to 124's. Conversely if we get to our...

ChrisThein Updated 

I'm looking for price to reject 186.06 to get short. Look for a double top or a rejection candle to close below 186.06 to get short. I would take target one 185.35 and target two down at 184.65. Good luck trading out there

ChrisThein Updated 

We had huge move down Thursday and Friday. I'm looking for a short continuation trade off the spike and channel .382 fib retracement at 1.1052 down to the 1.1000 level and a possible follow on target at the 1.272 ext at 1.0980. I would wait for price to test the 1.1052 level before going short. If price breaks through that level there are a couple of nice levels...

ChrisThein

USD/CAD made new structure highs. This is a simple long trend continuation trade back into structure with a .382 fib retrace correlation. I'm going to wait for price to double bottom or reject the 1.3084-1.3056 level. I would take my target at the 1.272 ext at 1.3240. You could hold part of your position up to the 1.3400 level for a long term play. Good luck...

ChrisThein

The channel continued a lot longer than I thought. If price breaks and closes below 1.5371 on the 60 min, then I'm looking for a retest of 1.5395-1.54 to go short. Otherwise I'm sticking with my original analysis and looking to go short around 1.5488-1.55. See the prior chart I posted last week. Good luck trading.

ChrisThein

There is a bearish Spike & Channel on the GBPUSD 240. Look for a deep retrace around 1.5480-1.55 at the .382 Fib to go short. If you look at the smaller 240MIn chart we have a break below close below in the last two swing lows. This could be a short or a long term play. You could take the short trade to the 1.5320's or long term targets down to 1.5250's and a...

ChrisThein

There's a break in the neckline in this head and shoulder pattern and a break below the current swing low. I would wait for a retest of the 121 - 121.08 handle before shorting. I drew up a two possible targets. Good luck trading.

ChrisThein

Bearish Bat on the USD/CHF Daily. Look for a reversal around .9770-.98

ChrisThein

Looks there is a possible 2618 trade setting up on the 15 min. Looking to go short at the .618 retracement of the double top. I have my stop just above the structure level. My first target will be .618 retracement of my entry. Then my final target at the beginning of the retracement. I'm going to keep a close eye on price action as price goes towards the entry to...