I'll go short, when price touches the trendline. Maybe we get pattern confirmation too.
Price is heading towards a important resistance and is structurally in a wedge now. I will sell the heck out of this is if it reaches the last red line, which is a 2008 high (3.618 ext), but it will probably be rected befor by one of the alternate highs. Alternatively the break of the wedge would also be a valid setup IMO. My amateur elliot wave skills would...
We have a perfect bullish bat here. The 88.6 XA fits exactly to a possible 1.27 ABCD and a weekly support level.
Wouldn't it be nice... Price broke the weekly channel to the upside and hits the april high now. A entry opportunity at the retest would be nice, especially if combined with the blue trendlie and the latest demand zone.
Everybody buys the Euro now, so why not me? We got 2 bullish bats completing at the 2 blue zones(2 88.6 Retr.), while the first zone is backed by a 161. extension and the second one by a a rather subjective 1.27 ABCD. Additionally we got a untested Supply Zone there. Green = TP Blue = Entry Grey = Stop
Tripple ABCD Combo getting in contact with a trendline at Support.
Kiwi is heading towards the lower channel trendline, combined with a strong support at the 61.8 retracement. If it breaks the monthly channel I expect a strong down move.
If the price hits the trendline cross, I get short. I expect a big downward move, because of the previous lower lows. So I have a optimistic target - the downside of the trendline or the bottom the consolidation.
88.6 XA of a bearish Bat lines up with a daily resistance level. We entered a Supply zone and there is a possible 161.8 ABCD Completion. RSI is overbought. I will stack my entrys. First entry at the 161.8 ABCD completion, the second entry at the 88.6 Level. First target level is a fresh demand zone, the other targets are the 38.2 and 61.8 retracement levels. I...
61.8 + Support. We would get further validation If the previous structure creates a perfect ABCD(61.8;161,8). Targets and Stops would depend on the Price Action post-entry.
We have 2 setups here. One is a trade off of a supply zone backed by a possible perfect ABCD. The other setup, a channel continuation trade, would be triggered by a break of the corrective trendline.