We have gone long on this pair this morning after seeing a retracement throughout asia session. Stochastics are in an oversold position and turning up. Good Luck and risk management is key!
Been covering this pair recently and have managed to have trades the 5 wave down followed by the 3 wave corrective. Price is now approaching the upper channel trendline which is affording us with an excellant oppurtunity to sell...
15 min chart is showing an inverted head and shoulder pattern, typical sign a reversal is imminent. To enter, wait for a break and close past the neckline (red line) and BUY on the re test..
Excellant risk to reward to buy at market value. Risk management is made at your own discretion...
EURUSD has started a correction and the only question now is for how long...I believe it will still push another leg higher so we have to be patient and wait for a retracement down to the 1.0870 levels ideally.
We can enter short here on a retracement of the first wave impulse. Again, it is another text book 61.8 retracement entry trade, we have seen and profited from a few of these today. Formed a bearish engulfing....bearish momentum
The lastest impulse up was caused by a fundamental event and could well be the last wave up before we see the continuation of the downtrend. We can see the price is forming an ending diagonal reversal pattern. A break and retest of this structure on a lower timeframe is a good entry point. Very nice R:R also
Excellant R:R. Small lot size. Good luck
We already have a long position open on this pair. At the momement we are retracing wave 1 of the 5 wave expected corrected move up to form wave 4 of the longer term 5 wave move down. To enter this trade, look for a 61.8 retracement of wave 1 on the lower time frames.
We are looking for a textbook 61.8% retracement of wave A before entering this trade. Good luck.
Excellant R:R trade now. We believe wave B has been formed and are now looking to trade wave C. Hourly pin bar is forming now and with stochastics crossing over in an oversold area, a push higher could be imminent...The move down has run out of steam it seems. Please wait for this hourly candle to close to confirm the presence of a pin bar. Money management is the...
As we discussed in our previous post on this pair, we are expecting wave 4 counter trend wave to start and it appears we have had the first impulsive wave move. This means we can look to enter long on a retracement of this move... Very nice Risk to reward as well. Wait for a trade confirmation before entry (Candlestick pattern, RSI or stochastics)
Personally, I am going to be patient and look for trade setup 2 (short down to ascending trendline) Good Luck!
We are seeing Bullish divergence playing out which indicates a push up could be imminent. Depending on your trading style, you can enter right now and still trade a decent Risk to Reward. We will however wait for a few more confirmations before entering. I recommend taking 50% of your usual lot size
We have been looking to short this pair all week. Another short set up has appeared and you can look to short on a break and retest of the ascending counter trendline
Looks like the first impulse of the corrective wave has occurred and we are now waiting for a retracement to 61.8 fib level to enter long. Please take smaller than usual lot size due to the counter trend nature of the trade
After breaking out of previous structure, we are now bearish on this metal. For us to go short however, we need to see a decent retracement back up to retest the channel. In the mean time, it is a smart idea to catch the move up and we are now presented with a nice R:R trade.
Still waiting for a correctional wave 4 to begin and we have been presented with the price being withheld multiple times at a level of support. Excellence risk to reward so open two positions to maximise the impeding bullish wave