DESCRIPTION: Symetrical triangle / pennant breakou + EU might return inside the daily ascending triangle + gap needs to eventually be filled. ENTRY: At the breakout of the triangle. TARGET: 1.07350 (gap filled at this point) STOPS: Above 1.08800, above the last highs.
DESCRIPTION: 2618 opportunity took this morning. I don't usually trade on smaller timeframes (less than H1), but I do sometimes look for 2618s int the m15 chart.
DESCRIPTION: Hourly Inverted Head and Shoulders Pattern + 61.8% retracement clear rejection + 1.32500 Major Support (structure and psychological). ENTRY: Reversal candlestick pattern on the 61.8%. TARGET: 127.2% extension from A to B. STOPS: BELOW the 78.6% and the left shoulder of the inverted HnS.
DESCRIPTION: Weekly trendline potential rejection + Bearish Gartley Pattern + !300.00 Key Resistance (Structure and Psychological). ENTRY: The yellow zone - I will be looking for an entry! TARGET 1: The 38.2% retracement level. TARGET 2: The 61.8% retracement level. STOPS: Above 1305 0.52% .00.
DESCRIPTION: Double rejection of the weekly support key level + break of the H4 descending parallel channel. ENTRY: At the channel breakout. TARGET 1: Neckline of the double bottom in formation. TARGET 2: Next Monthly key level. STOPS: Below the double rejection of the weekly key level.
DESCRIPTION: Market has rejected the uptrend trendline + 61.8% retracement with good momentum. If it doesn't break the parallel channel I will exit my position. Id it breaks the channel, I will add positions. ENTRY: Trendline bounce. Adding positions if parallel gets broken. TARGET 1: Previous High made. TARGET 2: Next structure resistance + 127.2%...
(See last post on EURAUD)
*This is not a trade I took, it is juste an idea!* DESCRIPTION: GU has broken the CounterTrendline and it might be heading to 1.26000. The MAs crossed over on the H4 chart. ENTRY: I will be looking to enter at the retest of the trendline . After retesting the trendline the market will have to break the previous lower high and the major structure and...
DESCRIPTION: Ascending triangle breakout. ENTRY: At the breakout. TARGET: Last low formed. STOPS: 15 - 20 pips above the breakout.
DESCRIPTION: I've been in this trade since the end of last week. There is a head and shoulders formation on the 12h chart; we have the breakout of a trendline on the H2 and the MA crossover. The level where the shoulders are located is an important resistance. ENTRY: MA crossover and trendline breakout on the 2H chart. TARGET: 127.2% extension + next monthly...
DESCRIPTION: 2618 opportunity. This is a trade I took last Friday and I still have half of my positions opened. If the daily candle closes below 1.33500, USDCAD might hit 1.32500.
DESCRIPTION: In the 1.24ish area, we have a BEARISH BAT PATTERN and a BEARISH CRAB PATTERN. We also have an important structure resistance (BLUE HORIZONTAL LINE), which is also a psychological level of resistance (1.24000, round number). ENTRY: I will enter the trade if the two patterns complete themselves AND, if we have a significant rejection of the resistance...
This is my second entry, see post from last week.
DESCRIPTION: AU has reached a zone of accumulation where price has great chances of being rejected. ENTRY: Breakout of the trendline. TARGET: Monthly Support @ 0.76485 + Potential Trendline Bounce. STOPS: Placed above last HIGH.
DESCRIPTION: EU is currently rejection an important zone of resistance (structure resistance + Large Quarter @ 1.075), There is also a valid bearish bat pattern. ENTRY: It is rejection for the third time the 1.07620 resistance (potential triple top). TARGET: Next important structure support + 61.8% of the harmonic pattern. STOPS: Placed above the next structure...
DESCRIPTION: UJ rejected and closed over the 112.5 level of support which is an important structure support + a psychological level of support. ENTRY: I entered after the bullish candlestick reversal pattern on the 4H Chart. TARGET: TARGET will be the next structure resistance + 38.2% Retracement level @ 113.5. STOPS: will be placed above the last low.
See post from yesterday for complete analysis.
DESCRIPTION: Rejection of the downtrend trendline and of a major structure resistance + psychological resistance of 0.7. ENTRY: I sold at the breakout of the countertrend line. TARGET: is the next structure support + 50% retracement level. STOPS: are placed above the next structure resistance.