I'm anticipating a double bottom set up before reversing to an uptrend. Fib levels on Daily/Wkly show price has reached 50% . Needs to complete the fib sequence on the higher time frame. If price moves above 1.054 we will invalidate this trade idea and look for buying opportunities. Final Target 1 .03725
We have a triangle consolidation which needs to break to continue the uptrend. Yen looks weak. Shooting for 2:1 R/R
Technical indicators support the move up. Bullish engulfing candle then break of trend offers a good entry for a 2:1 R/R to the next daily resistance level.
1 hour chart pattern. My bias is short on usdcad, however, upon completion of this bullish chart pattern we could get an opportunity for a long position this week
Price has broken out of uptrend and retest the weekly and daily support turned resistance. Anticipating a move down to the next daily support level at 1.37931 Sell Stop entry set for 1.38650 2:1 R/R
Price Action looks to have completed the most recent ABCD pattern and price has been consolidating on the higher time frame (Daily) before restarting the fib sequence. Anticipating the 2nd shoulder of the inverse HNS pattern to print on the 4hr time frame. Will take a conservative entry and wait for price to break the neckline to confirm the set-up before...
Taking Long position as price action has shown break of trend line. Fibs and technical analysis line up to support a buy trade from this point.
Daily timeframe shows break od trend and retest of support. Targeting 4:1 R/R
Trendline Respected. ABCD Pattern playing out. Looking for price to reach the D extension.
Price has bounced from weekly support and respecting trend line structure Anticipating price to continue upward to 161.8 fib extension level.
Broken channel at key resistance level. Looking for price to drop to the 50% fib. Will observe price action from there. Targeting 3:1 R/R
D extension completed and sold off to 195.37. Price has retraced to the 50 ema/ 61.8% fib level to restart the ABCD pattern.. Looking for price to continue down to 194.5 ish to complete another D leg extension.
Price has returned to a major key level and ABCD has completed. Entering a short position to the 61.8 fib level.
Price has pulled back to major key support/ resistance zone. If respected, price to return to down trend movement for a 2.5:1 R/R
higher time frame inverse head and shoulders pattern neckline has been broken. Break and retest of trend line on the 15 min ... entered for 3:1 R/R Targeting 100+ pips
Price Action won't let me let go of this trade. My runner is running through resistance levels with ease so added another position at 1.97805 and wanted to share my thoughts on target levels. Will update if I have to exit the trade before the final target due to trend exhaustion. SEE PREVIOUS TRADE IDEA FOR ANALYSIS.
Price has broken out of 4 hour triangle pattern and closed above daily resistance zone. Entered after retest of broken resistance. Final Target 3:1 R/R
Weekly support / resistance broken and price is respecting the 1 hr trend line Aggressive entry as Daily is forming a head and shoulders pattern.