The price for EURGBP has retraced to the 50% level of the upward move starting late May. This could set up to be a great risk reward opportunity. With the rejection of this key Fibonacci level and a trend line break for this retrace, I will wait one more day before making an entry decision. The criteria for a buy entry here will be as follows: Today's heiken...
Price has broken to new highs. The previous 2 days of large bars were clues that price may break out of the 2211 resistance level. Look for price to continue higher. First area for resistance could be a 1:1 move of the first swing down, and also the sliding parallel which is showing frequency.
In this moment CADCHF is making a flag, so this could be a good signal to sell after the price breaks the flag down, besides we have a huge divergence between the price and the MACD. Apply your own strategy for breakouts.
Bullish break on 15 min, moving it's way up to test outer trendline
The sideways trade since March 2015 represents the longest period of range contraction since the inception of the euro. Even afer the US elections, the trend remains the same and expecting the Dec 16 , Rate hike by Feds, it might break the major support line which goes as deep as March 2015.
Short after the break of the smaller countertrendline. Stop above the resistance zone, target at previouse lows.
FX:USDJPY looks like it may finally be ready to pop like a balloon. UJ has a history of me wanting to be violent with it so initial trade should be small. but an end of week pullback on USD with a deflation of jpy from election results could mean a big short to 105ish.
Price is showing a new fork and frequency. Look what price does at the top medianline to see if it will come back down. Look for price to come back to 2097 area.
USDJPY GOOD PLACE TO BUY AGAIN Wait for price to test 101.64 and long for the trend-line retest and also 0.618 retest The upside potential is huge
I was too busy to post this setup when I took it. So I am now posting it for my future reference
Gold 1H Buy Trade Plan: Price break the trend line wait for a 0.618 retracement and we can buy 1254.25 is a good entry level. Don't ask for SL and TP , it is all in the chart.
Usually i would wait for price to break pass the B point, but the overall set up is pretty nice going into next week. First we have a X-A-B rejection at the 50% level clean, then on the pull back price dips into a minor demand zone. In confluence, we have a .618 rejection off the A-B fib with a double bottom structure. Lastly, we have daily support @ .71360 and...
-weekly counter trend line broken -daily counter trend line broke -4hr fib found support of the 38.20 level. -awaiting break of 4hr counter trend line to go long -target 1- fib 127.20% extension level
-weekly ascending channel -weekly higher low made -weekly counter trend line broken -4hr ascending channel -4hr fib found support at 61.80% level however there is a chance of further retracement before going long -4hr target 1 - 127.20%. -4hr target 2 looks very likely as it has confluences with upper channel boundary to make new higher high.
I want to share this analyse with you, so I can refer to it in my later analyses. We here see two times a Positive Reversal (Constance Brown). It shows a target where to work to (1260.73 & 1268.95). Also in the chart three times divergence. Divergence is a warning signal for a possible shift in the direction of the price.
Increasing volume, MACD crossover, broken resistance line, squeeze momentum on. Price target of $3.00, for just under an 18% return.
MRC attempts to break its range, recent consolidation and far enough oversold area could allow it the breathing air it requires to get there, although a stronger breakout was preferred.