timmynorin

timmynorin Updated 

A series of lower highs, inside a big triangle / wedge (see daily or even weekly timeframe) we could see a bearish rotation down to the bottom of the wedge. Coming from a historically strong and significant resistance area (1.2555) I see a potential bearish ride down to 1.2300 and possibly further. While venturing down I'm looking to lock profit after passing...

timmynorin Updated 

We have 8 failed attempts to close above 0.9400 First target - retest of previous low, second target 0.9320 Simple setup, sometimes we dont need more reasons to enter than a strong resistance.

timmynorin Updated 

Price put in a double top, failing to close above 38.2 fib of X - A. In conjunction with fibonacci, and the double top, we have a strong monthly support and resistance area which could help us with this short. I see high probability in this one, I am not looking for extended target(s) this time. As we could, potentially, look at a bullish (temporary?) release...

timmynorin Updated 

If you are following me on Telegram (t.me) you saw my entry and targets this morning on GBPUSD. We had a double bottom, with several failed attempts to close below 1.2400 - together with heavily oversold conditions and a historically strong support and resistance area. A good case. What I was looking for was a pullback that we could profit from with 2 targets. ...

timmynorin

After a few successful long entries on AUDCAD -0.10% , I follow up with another one. My clues here are: Bounced off historical support/resistance level. Bullish trendline as support Cypher-pattern completed Double bottom at above mentioned level of interest Momentum turning around Targets marked on chart. First target markes the 0.618 fib...

timmynorin Updated 

Looking at the 4 hour chart we have found resistance at historically strong support and resistance zone. Price did not manage to close above 1234.00 despite several attempts. Right above us we find a 0.618 fibonacci retracement. Looking down at the hourly we also see a 2618, a double top (which also can be seen on 4h) followed by a 0.618 retracement after...

timmynorin Updated 

Price action has not yet told me to go long, and since there still are bearish signals to this I'm sticking to my initial target of 120.000. So far we have managed to bag 150 pips during the last 7 days from this bearish fall. Lets see if we can continue this pip-hunt, all the way to target! Before I start to consider a bullish approach, I need to see a break...

timmynorin Updated 

We have hit a historically strong and stubborn support & resistance zone, a psychological round number 1.2400, a 0.618 fibonacci retracement of X-A, and our momentum has been weakening - and even broke to the downside. Now its time to jump on the bear train again! Or at least I am. Targets are marked on the cart, with a potential zone which we may very...

timmynorin Updated 

Continuing bearish outlook as a follow up on last weeks successful entry () Basing this on price action struggling to close above 121.350 - 0.382 fib of X-A IF we break out above, we will possibly find another opportunity to get short around 121.800 - 122.0 area. Final target - 120.000

timmynorin

Following up on last weeks successful prognosis () I now enter a short position, aiming for 1.0620 with first target at 1.0700. This is could however be a decision point for entering a strong bullish move , but I use the double top forming at B (see historically strong point at Z) before we make that move upwards. Tight stop loss on this one, as a break above...

timmynorin Updated 

Completed ABCD with close BELOW falling trendline. Ive been eyeballing this area for some time. My targets are as shown on chart. Lets see if we can pull some pipage out of this. If, however, we break and close above I will look for long entry. Entered at 122.279 Stops above previous high

timmynorin Updated 

GBPUSD giving buying signals after struggling at 1.2150 and failing to close below. Targetting 1.2300 before looking for bearish confirmation again. Entered first position at 1.21870

timmynorin Updated 

Lets find out Price action is very clearly showing signs of bullish intention. Blue arrows - Respecting structure. Purple arrow - Respecting trendline. In this we also see a 2618, which I have not drawn out. See if you can spot it yourself. (Also note that it broke and close above falling trendline) Long since 1.01688 Lets see if we can pull some profit...

timmynorin Updated 

We have run into two different things here. Firstly we have the 1.0700 psychological level where price seems to have found resistance. Secondly, we have a 61.8% fibonacci retracement of Z to X. Combined with these two we are currently in overbought condition. I'm looking to profit from this breather with a rather tight/risky stop loss.

timmynorin Updated 

We have a triangle forming, and within it a Gartley completing right at bullish trendline / lower triangle. We also have a AB-CD within the gartley to strenghten the gartley pattern. Targetting 0.382 fib of A-D move, stop loss below trendline.

timmynorin Updated 

Basing this setup on: Violated support -signal Violated trendline -signal Structure resistance - adding to our entry Trendline resistance - adding to our entry 0.618 fib retracement - adding to our entry Moderately conservative target, above previous low - Trend continuation

timmynorin Updated 

Simple structure and trend continuation setup. We have previously strong resistance to, hopefully, act as our support in this trend continuation trade. Together with the support, we also have a trendline which should add to the case. ..and we also see the double bottom at the previous resistance level. This pair has been respecting structure and trend thus...

timmynorin Updated 

My clues here are; ABCD Confirmed support at previous keylevel. Keylevel coincides with bullish trendline Several pointers towards a triangle forming My stoploss is above 1.05000, lets see if it bites me. Target 0,618 fib of A-D move, and just below another weaker keylevel.