Trend-continuation
Possible opportunityI feel it is very important for the market to do something i like before i enter the trade (create a case for entry) that's why i want tit to first test the previous high for support before continuing with the trend . We also have some pretty sweet fib confluence that the market is likely to recognize
NZDUSD Short on 1hr and 4hr trend continuation.NZDUSD short on retest on of .72300 levels. TP 1 at .72200 and TP 2 at .72300
AUDUSD break of trendlineThe plan is to wait for the market to retrace at the EMAs and the fibonacci levels to confirm the break and short according with the price action.
If you have already a short position from the BAT pattern trading setup then relax, that entry level is perfect. Keep your position!
With regards,
Michail Sideris
AUDJPY SHORT2017-05-03:
Price action currently siting around 38.2 pullback. Having broken the previous structure low and closed below, and put in a previous double top, this price action has broken the SMA50 and is heading south. RSI and Stochastic are oversold or close to oversold, suggesting a short term retracement is close by.
Assuming continuation of Bearish move, the next target should be 83.515 at previous structure Resistance. A move of around 29 pips.
NZDUSD: Trend Continuation UpsideHere are 3 levels I am looking to enter. NU finally broke down trend on a bat completion with traditional target already reached. Now we sit and wait with our orders on the retracement.
USDJPY / 1HR / TCTPAIR: USD/JPY
TTF: 1HR
TRADE: TREND CONTINUATION TRADE
NOTE: These are potential Trade opportunities based
on my own personal Analysis.
Thank you,
Star Prosper
Philip Stewart
4H trend continuationFirst post, don't really know what I'm doing. Would love feed back though.
Reasoning:
"Trends are more likely to continue then to reverse".
So i found a trend with the lowest lows hitting the bottom trend line, this is where the stop loss should be around, that could indicate a reversal or strong bear push back.
The target would be close to the trend line at the top, based on historical data.
Entry point would be to enter at trend like touch.
Thanks for looking.
GOLD SHORTHey there I'm watching this trend continuation trade at the moment, just waiting for entry point.
EURJPY LONG SETUP For people who trade EURJPY there is a further bullish continuation setting up on the 4hour. we are coming back the trend line of the current upwards move which also fall in line with some Fibonacci confluence. if we can reject that trend line once more and close above 122.800 this will signal a buying opportunity up to targets at 125.500 with a nice risk reward
USDCAD so far so good sell only on solid price action I am expecting sell setup please remember only on solid price action because break up is very much on the cards.
SHORT - EURAUD - TREND CONTINUATION w/ FibsWait for price to confirm the resistance at 382 and then short.
Continue bearish trend with room to move down.
- oversold rsi
- fibonacci confluence in the killzone
- 382 comes in at prev structure
TREND CONTINUATION OPPORTUNITYIts a big if, but if price can get back up here to this level it would be a convenient place for us to see the short term trend reverse. Why?
1.We have a Fibonacci extension level at the 1.618
2. We have a normal retracement from our swing high @ 886
3. Another potential AB=CD pattern
4. this is a good looking support (hopefully come resistance) level.
5. The overwhelming outlook on the higher timeframes is down.
We need to look out for the RSI showing oversold conditions, showing hidden divergence and normal divergence on any patterns which might form while up there e.g. a double top. Also, depending on your trading plan a valid entry might come simply from a candle stick formation e.g. a pinbar or a Doji. This is my opinion only and should not be considered as advice.
Let me know if you have any questions, Ill do my all to get back to you. Thanks.
AUDUSD 1D Trend Continuation-Price has broken upward sloping channel
- Retested 0.50-0.618 retracement
- High test
- Look for trend to continue to TP3. Will be watching TP levels careful to roll SL
USDCHF 4H Trend Continuation- Price has pulled back and rejected the 0.50 fib retracement
- Price is also within a daily range
- Looking to take a long trade to top of the range
BEARISH TCT OPPORTUNITY ON GBPUSD / GARTLEY FOR ENTRYNot too much to say about this one.
Nice Gartley pattern setting up for a possible trend continuation trade.
Stops and Targets as your plan says.
Best of luck.
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USDJPY Trend Continuation Structure TradeFX:USDJPY is currently in a bearish trend. I am looking to enter the train on this trend and am planning to do so with the following:
- Daily chart shows downtrend
- Previous high touched the 0.786 retracement and reversed
- RSI has been overbough
So now my plan is to wait for price to break previous support (which will then become resistance) and enter on the pullback. Take profit levels are decided to be at support levels. We'll wait to see how this plays out.
is this a trend continuation move?I think it could be a rebounce on a resistance for a continuation move.
stop above 110.20
entry 108.70
tp1 105.80
AUDCHF trend continuation CypherAnother trend continuation Cypher idea. If price retraces to the drawn descending trend line then we'll have an awesome confluence factor to get short on. Being a trend continuation pattern I'm allowed to go for extended targets, but in looking left what that target should be is not very clear, So i'm taking the conservative option of the first level after the 0.618 retracement of CD.
GBPUSD Trend continuation into bullish GartleyA 2 part technical trading idea that starts with a Trend continuation trade where price action retraces to a recent structural level with 0.618 fib confluence (not shown) and bearish divergence on the RSI. Target 2 is a bit higher than I would normally take because I did not want to be short after completion of a bullish harmonic pattern.
Next, a bullish Gartley pattern completes with the 0.886 right on top of a previous support level. Target 1 is always the .382 retracement of AD. For target 2 I really wanted t o go for the next structural level since it appears to be a stronger resistance level with 0.786 confluence and, depending on how long it took to get there, also coming in at the descending trend line. I had to remind myself to follow my (admittedly unwritten) rules to take target 2 at the 0.618 unless the pattern is part of a retracement in an established trend resulting in buying the trend continuation. Trade your plan.
GBPJPY ShortGJ is approaching resistance potentially at the trend line and also at the 50 day MA (also 200MA on the 4h chart). I will be looking for a bearish signal from the candles and/or a break of the upward trend support (green line)
