Several factors pointing to potential long setup: - near 61.8 retracement - demand/support level retest - end of elliott wave 5 wave structure - Volume profile high volume node retest - 4 hr reversal candlesticks in current zone Looking for longs with risk set at 1.7327 and a 3.84R target.
Potential long opportunity, confirmations include 4hr harmonic shark pattern, 1hr ema retest, previous resistance turned support, and target is at 1.72 supply level. Use discretion as I dont consider this a high probability trade but still an opportunity
High probability short setup here: - Shark harmonic pattern - Fresh supply zone - price reaching 10 month downtrend channel resistance Thursdays is a busy day of economic releases in CAD, including core CPI, Retail Sales, and ADP non farm employment numbers, which should bring significant volatility.
Here we see several confirmations lining up: - fib cluster zone - december trend line resistance - harmonic type pattern - supply zone As well as price ranging at a long term supply level on the weekly/daily charts, only looking for shorts for the longer term here.
Here we see several factors lining up as confirmation in a zone between 1.1713 and 1.1760 fibonacci cluster zone 8 month trend line support test head and shoulders bullish pattern Demand zone With these confirmations lining up there's a solid risk return setup to go long
FX:AUDJPY Good risk/reward setup to short in direction of larger trend on this pair. Several confirmations lining up in a confluence zone: - Supply zone - 3 month trend line resistance retest - harmonic type pattern forming -Fibonacci cluster zone Looking for shorts on any push back into that zone between 86.45 and 86.85, if price breaks the moving averages...
Here we see several factors pointing to a potential reversal this week - supply/resistance zone retest - elliott wave 5 sequence reversal - rejection of 114 price level - double top pattern to go short would need to see a break of lower trend line with confirmation (lower high retest)
GJ is again nearing the supply zone. After a week of worse than expected employment, manufacturing, and production numbers as well as slowing price action, several factors pointing to a reversal: - Supply/resistance zone retest - doji/reversal daily candlesticks to end the week - negative production/manufacturing/employment numbers last week Need to see a break...
Key level for GBPUSD price, if it fails to break the trend line resistance, I'm looking to short with a combination of factors including high volume node, Fibonacci cluster zone, short term supply zone, and on the daily chart a reversal candlestick for Monday 6/26, and retest of 21 ema.
USDJPY key level - several factors lining up as potential resistance at current level, including a Fibonacci cluster zone, a bearish harmonic shark pattern, volume point of control resistance, and supply zone. A break above would invalidate the idea but with the combination of factors I'm bearish with a potential 3:1 reward risk setup If your looking to trade a...
number of factors pointing to a turn towards the 1.1100 support zone, 2:1 reward:risk trade opportunity
Daily view of GBPUSD's next support level if downtrend is to continue
Factors lining up for a long setup 2:1 reward risk trade
Several factors lining up to a short setup with 2:1 reward risk
Several factors pointing to a potential shift in sentiment from bearish to indecision or even bullish: - Price tested and bounced off the 8 month trend line support this past week - Head and shoulders type pattern where we see a higher low in agreement with the trend line support - a test of and move north from the high volume node These factors do not assume...
After the up trend cycle, we have been in a top range cycle. There are a few factors pointing to a potential bearish shift in sentiment: - price broke and is retesting the 7 week trend line - price broke and is retesting the 13/21 exponential moving averages - retest of high volume node - Coming off triple top supply zone - Fibonacci cluster demand zone near 1.108...
Short term GBPUSD analysis: - Fibonacci cluster resistance - Supply zone - 1.28 round number resistance - 2 of the last 3 touches of 1.28 have failed, the one that went through turned right back around after about 17 ticks - Potential 2.5:1 reward:risk ratio
Several factors pointing to a short setup on the GBPUSD pair on the 4hr Chart: - Supply zone retest - 38.2 fib. retracement - reversal candles - 21 EMA retest - short term trend line resistance