EURUSD potential Head and Shoulders Entry trigger in the 1.3860 area Stop a 1.3966+ Target 1.3730 Trying to short before the trigger is possible, but keep in mind that the trigger price is needed (1.3860), before we could consider the pattern valid. Once triggered the pattern invalidating stop will probably be lower. I'll update the Idea to reflect it. That's...
Trade reasons: - Testing uptrending channel support at approx 16000 - Testing 100sma channel low at 15985 - In the 38.2%-50% retracement area of the previous up swing 16064-15925 - 15995 the monthly pivot that could act as support Trade on tight leach below 16000, because daily 200sma channel could be the next valid support area in the 15700-15600 area, and...
Buyers emerged in July, September and October 2013 at the 100dma channel low... Will they repeat the pattern or just push lower with conviction ? Market parameters are clear, and risk defined. I'll try to buy it in the next 5 sessions, if we can keep closes in the 100 dma channel. Closing below the 100 dma channel would send quite a bearish signal and I wouldn't...
Buying the 200 dma channel high. RR 1:5 Want to see a decent bounce into the close, and not closing on the lows on the close. Entry: 15570 Stop: 15370 TP: 16570
Taking a long EURUSD at October's value low @ 1.3485. After entering back into the value of October (1.3705-1.3485), market traveled all the October's value area. Trade parameters Long entry 1.3485 Stop at 1.3444 First take profit at 1.3630 - The monthly pivot in eurusd
Short Trade Plan Reasons: 1 - Trendline supporting the bounce from 9 Oct. was broken. 2 - The second trendline (trigger), was broken too, and re-tested this morning (EU session). - The short is validated by the failed move to get back above the trendline. 3 - Once we break the channel low, the trade should be going well. 15359 is the swing point that must be...
99.15 - 98.80 area is buying opportunity Below 98.50 is the trade invalidation point 101.50 is the first target Trade rationale: UJ is pulling back from the descending trendline breakout last week. Price is above 100 sma up trending channel in 4H indicating buying trend/pressure. Pulback zone 38.2%-50% is the buying zone
Chart should be self descriptive. Entry around 1.3450. Target would be 1.3210. Let's see if that pattern is really unfolding, or it will just fail above 1.3450-1.3480
After the trendline and 100sma H1 break on Friday, USDJPY found support on 1H 200sma. Shorting a re-test of 100sma, and playing a trendline kissback failure. Target is a measured move from Wednesday High to Friday's low, with trigger below Friday's low. 93.20-93.50 zone is an early entry, and this short could be also played wih on a break of Friday's low as an...
- Market pushed all the way up to the 2 standard deviation channel drawn on this chart. - We have a descending trendline that could act as resistance at around 1.3010. - We have previous swing high at 1.3022 that could cap the upside potential. Target: for the trade is the median line from the 2 SD deviation channel, and the bottom of it. Stop: If market can get...
Potential short, for a down trend continuation play. Watch 1.2867 and a break of the wedge pattern for the trade invalidation. Target a new low.