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EURJPY Bearish CypherHey everyone, Here we have a bit of a messy Cypher pattern on EURJPY. I entered this late last week and thought I had made a post but must have missed the publish button. Since entering the market has rolled over about half way to first targets, but it will be interesting to see what happens going into next week. Will be hoping for the volatility to pick up again now were out of the Christmas and New Years break and start bringing in the pips! Targets for this pattern are 382 and 618 retracement of X-C. Stop loss placement is a 113 retracement above X-C. Any questions just ask!
Short
by FIBSII
NZDUSD BatHey guys, Just been entered into an NZDUSD Bullish Bat! A little late with the publishing of this but only recently had time to check my charts. Entry according to my rules is at the 88.6% retracement, however of course follow your specific and tested rules. Aiming for both T1 and T2 with this, and a relatively small pattern for this timeframe so shouldn't pose too much of a risk problem for most. Will pay attention to it and see the outcome. Any details, send us a message! Fibsii Team,
Long
by FIBSII
Impulsive Corrective Series Hints at potential upsideEURUSD has formed a series of impulsive and corrective moves that shows us exactly how much power the bulls currently possess. To clarify, impulsive moves tend to be "strong and fast" while corrective moves tend to be "weak and slow". This directly correlations to the strength of each party's hand. The bulls are in control right now. The push from the bulls are powerful while the pullbacks from the bears only exhibit weakness. Earlier this week we began a corrective move downwards that looks to be drifting toward the established support at 1.106 - 1.108. This is the same level where the first corrective move met heavy buying interest. This level has proven to be reliable in the past and provides an excellent opportunity to get long for the next impulsive leg. P.S. Beware of spikes in volatility around NFP this upcoming week. Like this idea? Hit the thumbs up. Want more simple trading ideas like this? Follow me. Post any questions you have in the comments. Happy Trading, Nazar.
Long
by NBent
5
EURUSD POTENTIAL UPSIDE TARGETSLooking at the weekly timeframe, we see that EURUSD has been rejecting the level of 1.13500-1.4ish, and the Fib of 23.6%. We need a break and close above key monthly resistance+ trend line break at 1.15 which will lead us to 1.18500 + the 38.2% Fib. Also it looks like a higher high is about to be achieved for the EUR along with higher lows on the DAILY timeframe. As always keep it simple, but always look deeper at price action and not indicators which are not reliable. Threw the RSI for shits and giggles. ;)
Long
by erillmann96
Monday Funday: CAI Pennant Pop; Strong Risk-Reward (8:1)This is one of my favorite trades. A clear pennant forming which will be looking to break around 2/3's the way through the triangle(that's my general rule of thumb, the more it trades into the apex the less decisive and powerful the break). Easy to read upside, a nice tight stop, with a good risk-reward. In addition the stock is relatively small and nimble, and lacks incessant news coverage which tends to dull technical patterns. How to trade it? - I would buy in half at $24.00, with a stop in at $23.54 below any solid support/50 ma. Roughly a 2.2 risk-reward into the upper resistance. Stochs look oversold and ready to turn around. - A break here and I would buy in my second half, confident with my cushion below me. Be sure to look for a surge in volume to break the volume downtrend and confirm the break. Don't be surprised if it comes back down to retest as support. A full measured move of the base takes CAP to $27.60 for a whole trade ratio of about 8.1 - Given a breakout, a liberal trailing stop would be a good idea. $3.60 up to $0.45 down in a perfect world, cant beat that.
CLong
by BeardTech