Entry
USD/CAD New Entry Opportunity If you take a look at the last USD/CAD opportunity I posted, you will see that price is currently dropping from the resistance level that was identified. I am in this trade from the resistance level I posted, however here is another opportunity for an entry into this trade. Price has a bias to fall to the downside after breaking out of the pendant - this will complete the target that I set on the last USD/CAD post. (View this chart in the 5 min interval for a clearer picture)
GBPUSD Long Stop Entry Order With strong results in the UK and the US the pound has continued to fall against the dollar as people are more concerned over the Brexit rather than Trump, I believe we are coming out of a downward trend and we will see the GBP break resistance and continue up to either the 0.5 fib or 61.8 fib from the trend at the beginning of the month. I believe 1.243 is a good open order and look to take profit at 1.252 TP1 and 1.256 TP2.
*Intro* trading support + resistance,using fibos for entryWe want tight stops so we are going to use fibonacci to find our take profits and entry
Two Entries on AUDCHFHere on AUDCHF if price forms a descending channel, I will buy at the bottom. Here I show you two types of entries, one at the bottom of the pattern and one at the breakout. You decide which is best suitable for you but be aware that the breakout entry assumes more risk.
EURJPY Potential Shorting OpportunityWith today's announcements from ECB President Draghi bringing in strong EUR sellers we can bet on continued weakness. Today's spike high confirms the 123~ resistance zone and that sellers are now in control. An outside return to previous resistance at 121.88 or support at 122~ will offer a probable shorting opportunity. Downside risk may be supported at 120.88 then 120.16.
GBPUSD Bearish BatHi Trader,
There is a bearish bat pattern setting up on Pound with a D leg completion at 1.26300.
See trade details below. I always know my entry and exit prices BEFORE entering a trade, consistency is king in this business, assuming you have an edge ;)
Trade details:
Entry: 1.26270
Stop: 1.26840
Target 1: 1.25110
Target 2: 1.24330
Have a great week of trading!
Luke
AUDNZD ENTRY 4H - COMBINATION OF TRUNCATED ELLIOTT WAVESLOOKING FOR A BUY SET UP IN AUDNZD. WE HAVE A BLUE AND RED ELLIOTT TRUNCATED WAVES, YOU CAN VERIFY IT BECAUSE OF THE PURPLE STRUCTURE AT THE TRUNCATION ZONES.
THE COMBINATION IS ITSELF A 4H CORRECTIVE STRUCTURE FROM THE FIRST IMPULSE FROM -B- AT THE WEEKLY -ABC- CORRECTION I POSTED BEFORE THIS ANALYSIS.
I AM WAITING FOR THE MARKET TO CONSOLIDATE IN A FLAG AT THE END OF THE 4H CORRECTIVE STRUCTURE SO IT MAKES THE FINAL IMPULSE FOR A BRAKEOUT.
CARLOS
[DXY LONG ENTRY] Entering a 1:1.5 tradeThe price went down as expected in my previous chart () and I'm now LONG entering the market in a 1:1.5 risk trade. My stop loss is setup at the nearest support level.
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"In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. " - Peter Lynch
At Market Cypher! USDJPY 4HHey traders,
USDJPY 4H has just put in a nice Cypher pattern. I was actually involved in this last night when the 0.786 retracement of X-C was hit, however this morning it has pushed slightly lower and is still valid. As a result, you're getting a better Risk Reward on this pattern.
Will be looking for the usual double target positions and rolling the stops from the first position to break even once target one is hit.
Keep an eye on this one!
Fibsii Team
At Market Cypher Short!Hey guys,
Just found an at market Cypher pattern on AUDUSD 4H following our loss on this pair last week. I actually missed the conventional .786 entry however the pattern is still valid as X @ 0.7680's hasn't been broke. This is actually giving us a much better Risk Reward, especially for a Cypher pattern. Note - if X had been broken this would be an invalid trade and I wouldn't enter it - unless of course I was already in.
Will be looking for a press lower in this - trading fibonacci targets. Keep an eye out!
Fibsii Team.
Opportunity for either a sell or buy on the EUR/GBP.Selling/Buying Potential - I have left an alert to asses the quality of the previous resistance line (Dotted line), I want to check if it tests it and gets back on the upside or break on the down side to set an entry.
P.S - Keep an eye if its breaks or tests in either the 0.50% / 0.618% Fibonacci line for a close or to still hold unto the move.
AUDUSD long at 0.7606I expect AU to bounce from the small resistance zone only to get rejected off the demand zone around 0.7606, shooting at the TL and triggering my entry. Obviously closing before NFP if it's not closed by then. If price breaks current resistance then entry is invalid.
1% SL: 0.75945
TP: 0.7667
GBP/CHF - Close To Go LongPotential to go long on a reaction of the previous support/TL. I will more than likely look for a strong rejection on the daily TF to go long. However another possible point of entry to go long would be a clear breakout above the 78.6% fibonacci on the lower TF and a cross of the 240 TL.
Let me know your thoughts.
