EnricoTrading93

EnricoTrading93 Updated 

As we can see the EURUSD pair failed to break the previous resistance making a new LH. Therefore I'm shorting the pair.

EnricoTrading93

The overall trend on the daily chart is facing downward. But on the 4H we see the price forming higher high and higher low. I'm expecting the breakout of the technical pattern before take any position. Will wait as well the Ichimoku lines to cross the Senkou Span B for better clarity in the trade outlook.

EnricoTrading93

We can see the pair forming new HH and new HL. The failure to break the day key level may indicate bearish pressure weakness. As well we can notice the formation of a "N" wave. Therefore I will looking for long positions.

EnricoTrading93

We can see the pair retrace to the previous high. In case the pair will reject the resistance level we can expect a fall to the previous support area.

EnricoTrading93

The pair is in an overall uptrend, but at the moment we can see the difficulty to refresh the previous high. I will open a first short position on this retracement and in case the pair will make a new LH I will add size to the previous position. Please be aware that there is the possibility of an Inverted Head and Shoulder pattern formation.

EnricoTrading93

Reached desired price for short positions.

EnricoTrading93

Hello all. I'm new to this type of trading and strategy.... So I look forward your opinions and feedback. Cheers.

EnricoTrading93

Notching this pair we can see a possible formation of a doji monthly candle, the price is an overall downtrend and the price is testing the 71.8 Fib retracement level. As well as a confluence we have a bearish harmonic pattern formation. Therefore we can look for short entry on lower time frames if we will see the price action confirming our theory.

EnricoTrading93

Please do you own analysis, this is just a trading idea. We can see that we have reached a crucial resistance level in the market and although the price is rising the MACD keeps making lower highs, this could bee seen as a bearish divergence. The formation of a Bearish pattern gives us more clues of where the price could move next. I case the price will respect...

EnricoTrading93

This is a sample idea for the GBPJPY taking in consideration the monthly view. The pair at the moment is testing a major resistance level, noticing as well the wick that is forming on the monthly candle which will be rejecting the descending trendline. We can look for short position on the 4H chart. We will wait a retracement to the 61.8 Fib.

EnricoTrading93

Finally the price seems to meet the criteria for short positions on the monthly chart. Refer to lower time frames for more precise entry point. TP Monthly 61.8 Fib

EnricoTrading93 Updated 

The EURUSD have formed and harmonic pattern on the monthly chart. We can look for short position entry on the retracement in the lower time frames. As well the price shows rejection points on the 200 SMA. Target will be 1.3410.

EnricoTrading93 Updated 

We can see that on the CHFJPY Monthly chart we have a bearish pattern formation. We will look on smaller time frames for entry and confirmation. The price target is 110.079

EnricoTrading93

This is un update of the EURUSD idea posted on the 1st of August. When I posted the idea I was looking for short position on the monthly chart but unfortunately I didn't had good signals to set my trades. At the moment the price seems to respect to my criteria for entry. Therefore will look for short opportunities on the retracement of the pair in the 4H chart.

EnricoTrading93

As we can see the price have reached a major resistance zone. We will wait the next week close to see if the monthly price close will respect the rejection area. If the price action will confirm the rejection we will look for short position. My target will be the D point of the bullish harmonic pattern.

EnricoTrading93

If we will notice bullish price action on the shorter time frames we will look for buy opportunities . Bullish harmonic pattern formation. TP 61.8 Fib

EnricoTrading93

We can see that the price have been following a bullish channel and proceeding forming consistent patterns. As a consolidation for our trade we can see the formation of a bearish harmonic pattern, as well as a bearish divergence on the MACD. TP is set to 71.8 Fib

EnricoTrading93

The pair is approaching to the formation of a bearish harmonic pattern on the 4H chart. Look for short opportunities when the price will reject the golden zone. TP 61.8 Fib