Head and shoulder on the 4HR EUR CAD. Waiting for a retest. Looking to place stops at 1.5 moving stops accordingly.
The overall Trend is BULLISH, however, this could be a small retracement to retest the diagonal trend line. I will wait for price to enter into my buy zone and wait for some kind of string push and a double bottom off the trend line. We shall see what happens. Once I see the double bottom, I will set my Stop Loss 50 pips below the second leg. Until then, I will...
Possible Double Bottom on AUD JPY. I know its on a downtrend, but It may come back up and retest Key Fib Levels before continuing any further. Set a STOP at the Previous structure LOW at 45 pip risk. 70 PIP TP for a little more than 1:1 ratio. Will Take Profit at .382 level and wait for a double top for a downward continuation.
Almost text book Gartley Pattern setup. I will wait for monday to possibly create a lower high and maybe an M in London. I will be setting a pending order at the .618 retracement and set an 80 pip stop loss. I will not be taking a huge position in case I am wrong. I do not want to lose all my capital. I will roll my stops IF the market begins to fall in my favor,...
Pretty Straight forward analysis. Key Support and resistance levels are in play. Wait for Monday to fake out and trap more buyers with strong candles, I will be setting a pending order so I can get in at the best price possible. follows by a directional push to the down side. take half profits at the target position 1. Wait for the pull back (probably 50...
Here we have a possible Extension to the 1.272 from the .786 Retracement. I will not take the trade until I see it come back up and test the .786 retracement and there is obvious TDI divergence. We shall see what happens after Monday. I wouldnt be surprised if Monday the market rallies up a bit to trap more buyers, then drop it quickly in London. www.tradingview.com
www.tradingview.com A textbook Cypher Pattern on the Daily. I will enter in on the 50 retracement of the "M" on the hourly. I will follow it with my Stop Loss all the way own to the D extension. Then I have a pending "buy limit" at the D extension to take me up to the new high.
www.tradingview.com Possible Reversal setup for a breakout of the Consolidation on the Daily Chart. Testing the 76.8, waiting for the Bullish move to the upside, take profit at the 127.8. The 127.8 is a previous resistance/support level from previous data. Structure leaves clues! Be patient and wait for the setup into this move. Could take a month or so to complete.
Looking at a double bottom on the USD JPY. If it completes, I will be looking for an uptrend into the D completion zone. I will wait for there to be some sort of reversal sign in that area. But i will take profits right at the D extension. 60 pip stop loss. 550 reward is a pretty nice ratio. I will wait for monday to trap sellers and then take a position. ...
Possible set up in EUR/CAD for reversal. It has been bouncing off this trend line, The 161.8 extension lines up close to the trend line. Take profits early. I will not enter this trade until it hits the 61.6 retracement. We shall see what happens
This one is a bit of a toss up, The stop is WAY to big here, I will not take this trade until it comes into my Buy Zone, IF it comes into my buy zone, I will WAIT for an entry invite from the market. Possibly a double bottom/W. We shall see what happens. This one is a long term opportunity. www.tradingview.com
www.tradingview.com We see a nice Head and Shoulders Patter on the 4H chart. News the morning of 7/20/17 shot the pait all the way up to retest the Previous resistance level of 117.50. When you drop down to the 1H chart, you can see that right when it touched 117.648 it shot back down with heavy force. Hopefully they trapped enough sellers to push down for awhile.
On the daily, it looks like a textbook Cypher Pattern. I will be selling and moving my stoploss all the way down to the D extension. Then, taking a BUY position when it reaches the D extension and follow it all the way up to a New Daily High, trailing my stop loss as well. This is a long term trade, but I believe it will be worth the investment as long as I keep...