Trendline is tested(pullback) Watch for price action, if it turns up we will go long If trenline cannot hold price and moves further down then dont enter Target: 145.689/ 148.530 SL: 141.920
Market gave us 2 times shorting opportunity during descending channel But now, price came again to descending trenline This time is 4th time touch, and actually it breaksout 1.31050 is nice resistance zone A lot of people short here watching trendline + resistance but looking at higher timeframe, we will wait for price to breakout trendline to go long Entry:...
AB=CD is completed at 1.61419 1.61917 - 1.61409 is important resistance zone for price Looking at lower timeframes ( 4H-1H) watch for price action, such as: Bearish candlesticks: Bearish Engulfing; Inside Bar or Pinbar Patterns: Double Top; Range; structure pullback + 618 Take Profits: 1.59458 / 1.58061 / 1.56157 Stop Loss: 1.62300
Short Plan: 0.9213 is important level for NZD to choose its direction However, this zone is golden ratio of Fibonacci If price continues making higher high and breaks out then we will wait for pullback to buy But, we will take this zone for our advantage to short NZD Take Profits: 0.9050 / 0.8950 SL: would be at 0.9274. But price breaks out and closes above...
We have entered at 1.16537, and hit our SL Now price declined and breaks the neckline We can short here 1.16295 TP: 1.15750/ 1.14740 SL: 1.17000
Short the Pullback Entry:1.30150 Tp: 1.29380 SL: 1.30470
Price respects 89ema during uptrend Now, price breaks down 89ema + inside bar breakout Therefore we will sell EUR here ar 1.16489 putting SL above mother bar at 1.16870 Take profits: 1.15990/ 1.15383
Approaching important strucutre 5 waves of EW completed Bearish rejection candle Therefore we can short here 111.660 TP: 110.989 SL: 111.920
AB=CD completed Previous demand zone Entry: 0.94410 TP: 0.94932 / 0.95387 SL: 0.94050
143.538-143.221 is critical zone for price to drop or rise further 4H bearish Engulfing We can short at 143.170 Target: 140.750 SL: 144.000
Breakout triangle + pullback 89EMA Entry: 1.28711 TP: 1.29300 SL: 1.28260
Short Plan: Price reached important level End of 4th wave 200Ma is near to price(PRZ) Reached previous structure Watch for breakdown of trendline to short EURCAD Target:1.14230/1.44998 SL: if breaks trendline then 1.5212
How to trade with candlestick After bearish piercing candle formed we take a trade and put TP at 1.58396 and earned quick profit. Now, price bounced back to previous level and again formed bearish sign(Engulfing). We can again enter and put SL above previous high and aim again 1.58396
0.67151=0.66897 is important level to price change Now it is touching descending trendline and at previous structure Therefore we can sell now 0.66922 TP: 0.66307/0.65543 SL: 0.67302
Potential Bat pattern completed Entry: 0.65800 TP: 0.65580/ 0.65396 SL: 0.65915
Pullback to structure completed 89EMA is also broken Therefore we can short here 111.100 TP: 110.770/ 110.500 SL: 111.270
Shorting Plan: - End of Elliot wave 4 - HH - chart; LH - indicator ( Divergance) - Touching descending trendline Entry: 81.380 TP1: 80.637 TP2: 79.940 SL: 81.930
Breakout support 89 EMA + Pullback Watch for price action to short TP: 1.66440 SL: 1.67940