There maybe a possible range top breakout failure happening. If so I have a sell stop @ .8045 with a TP at the 50 sma. If a bearish continuation trend progresses price will brak below the 100 sma. I have another sell stop @ .7940 with the TP at the bottom of the range box @ .7805. Watch for the Macd Blue line to cross below the Red line and the 0 level line.
Pair is in a bearish channel. Price is due a pullback. Retrace range 38.3% fib @ 108.10 to 61.8% fib @ 108.59. Entries 1st at 23.6% fib @ 107.80 2nd at break of bottom channel trendline 3rd at 0% fib @ 107.31 TP at -27.2 fib @ 106.75 My TP will be @ 106.80
Pair is inside a triangle pattern waiting for a breakout. Long TP 1 at 78.6% fib @ 1.5000 TP 2 at 100% fib @ 1.5046 TP 3 at 127.2% fib @ 1.5100 Short TP 1 at 0% fib @ 1.4835 TP 2 at -27.2% fib @ 1.4779 TP 3 at -61.8% fib @ 1.4706
Descending Wedge is a bearish pattern. The bottom support needs to be broken @ 78.28. 1st TP is 27.2% fib @ 77.84. 2nd TP is 61.8% fib @ 77.27.
Pair is in an Ascending Triangle setting up for a bullish breakout. It can breakout the first try of the top of the resistance line @ 1.2486. Or it can bounce back into the triangle and fall to the bottom trendline. Price could breakout short so watch for a bearish Break-Hook-Go there. If it stays inside the triangle this is a good spot to enter with the...
My first entery was @ 1.6359. While I was making this post my second entry @ 1.6315 was hit. My TP will be the 50 sma. If price continues to fall and crosses below the 100 sma to the bottom of the range, I have another sell stop @ 1.6225 with a TP @ 1.6190.
Watch the RSI with #9 setting to rise above 70 line to show that there is bullish momentum to carry price up to the 100 sma. MACD is over=extended long so price may only make it halfway through this space and fall back to the 50 sma. Then price will continue through the space up to the 100 sma. I entered the trade on the candle that closed above the 50 sma. My TP...
Pair has broke long both the top Triangle Trendline and the top of the range box. I am watching to see if the market fails to progress higher and fails. It will fall or move sideways but if price comes back into the range box it will have a strong bearish momentum behind it. I have placed a sell stop @ 1.2978 to catch the fall. My TP is above the 23.6% fib @ 1.2890.
The longer the EUR hangs around the 50 sma the more likely it will be heading toward the 100 sma. So I have these sell stops already in place 1.1910. 1.1875, 1.1857. You can take a 30 pip TP on each or wait until they reach the 100 sma. SL above 1.1960. If the market continues to rise then I have on a second account a buy stop @ 1.2005. TP 30 pips.
Pair can re-test short the 100 % fib @ 108.275. There it could continue on to the 127.2 % fib @ 107.62. Pair is due for a retrace so it can rise up to the 61% fib @ 109.19, 50% fib @ 107.48 or 38.2% fib @ 109.758. Any of these levels it can then continue short to either re-test the 100 % fib @ 108.275 or continue onto the 127.2% fib @ 107.62.
Pair is at the 50 sma. It appears that price may go short to the 100 sma. If the market changes direction and moves above the 50 sma it can re-test previous high.
This chart shows projections of possible moves for the GBPJPY 4 H this week. It is currently range bound. Looks like it may drift back to the bottom of the range. There it can bounce back into the range or make a possible breakout short. If a bounce then a move back to the top. At the top of the range box price can 1 - bounce back into the range if the timing for...
Pair is at the 50 sma crossing down to the 100 sma. I found an entry on the 15m chart with a long pullback @ 110.176. My TP is the 100 sma @ 109.55. The Macd blue line has crossed below the Red line signaling a new short direction.
Pair is in a current 30 m channel. Is making an ABCD retrace to the top of the channel and then will fall down to the bottom of channel again.
4 H chart price has stalled at a fractal high of 390.02. A bullish breakput of that level will have as the first TP the -27.2% fib level @ 417.40. The second TP will be at the -61.8% fib level @ 453.22.
Pair has developed a bearish pole trade. I measured from the beginning of the top of the pole to the top of the consolidation which was 70 pips. I measured at the bottom of the consolidation 70 pips to the first TP level. My TP will be 130.20. The second TP will be where ever the 800 sma meets price. The Macd is heading down to the 0 level line.
Oair is moving from the top of the range box to the center core where the ma's are. Price has broken below 100 sma and is heading to the bottom of the box @ 1.6172. I entered on a 15m pullback @ 1.6252. TP is 1.6180
Pair is in a bullish move to the 800 sma & the -27.2% Fib level. It may retrace because the Macd is above the 80 level line. If it does retrace it can go to the 38.2%, 50% or the 61.8% and then reverse back long to the 800 sma and -27.2% fib profit range. Macd can fall below the 80 level and then bounce up off the red line or the 0 level line.