Monthly: in the middle of forming a giant gartley, currently at the 618 retrace.
Daily: completed a cypher pattern. Momentum pointing up.
Intraday: currently forming a small inverse head and shoulders.
Looking for ~34.00 entry
1st time to post an idea on DAX30 as many friends are so interested in trading this one.
Here we got an 30min shooting star after it finished daily 8ema correction and pulled back to the daily supply,
Also, in terms of 8ema, this trade also got abundant ema correction rooms!
I would like to take the short with a 11898 sell stop
If it makes new high before...
We closed some of our USOIL positions in profit today. We have since entered a buy again as price action has retraced to 50/61.8 fib zone (blue). As a part of our strategy and risk management, we have set a stop 20/30 pips below red line with take profit on the green zone. USOI
DXY has already pulled back to its 0.618 and 4hr demand zone combination spot,
and here we got this 4hr reversal sign for EURUSD.
I would love to take this shooting star breakdown short!
If it makes new high before broke 1.1205, this trade will be cancelled!
Let's see how it goes yo!
BERY started off the year well, but took a very bad hit following missed revenues and continued US-China trade war actions. BERY operates in the materials sectors, in particular, plastics, and the sector has been very vulnerable to the trade war. After the recent gap-down, BERY is now finding support at its 61.8% Fibonacci retracement level. I would continue to...
After Buying from Double Bottom (dated 17-May), now you can watch for Sell.
Reason to Sell
1) UsdYen = downtrend
2) 0618 Fibonacci retracement = potential reversal
* Like/Follow for more trading setups
* Please comment/message to exchange knowledge
USDCHF diverges from the dollar during the euro session and continues to climb within a rising wedge when the dollar starts to fall again.
If we compare both dollar and USDCHF in the D1 chart, we will see that both are trading within an ascending triangle and that sellers are more in control then the buyers.
The dollar has already started to fall while USDCHF is...
The main reason that cause Genting Singapore gapped down when open today is due to the increase of casino tax. Good news is government allows expansion of its business.
Suggest to look for opportunity to long
around 0.96 will be a good area to long
SL : 0.84
TP : Follow arrow
Ok, so this chart looks like quite the mess but hear me out. EUR/CAD had been following a clean WXY correction and it looks like it's about to reach the (A) Correction on the Y wave.
So there are 4 good reasons why the price is going to reach my (A) correction.
1. If you take a look at the red trend line, price has crossed over and it is going to use that red...
EL DOLAR A PESAR DE TODO SE SIGUE FORTALENCIENDO, Y SE VE REFLEJADA SU FUERZA SIEMPRE PRIMERO EN EL DXY
ASI QUE TENEMOS ESTE IMPULSO HACIA NIVEL DE FIBONACCI DE 61.8% UN TARGET MUY IMPORTANTE.
CONFIRMADO CON CRUCE DE MEDIAS MOVILES PODEMOS ENTRAR A ESTA OPERACION CON UN BAJO RIESGO DE 3-1