EURUSD is currently in a bear trend. I'm looking to sell the rallies in this pair. This has a pretty good Combined Technical Score (CTS), depending on how you score it, I came up with a score of 7. Watching the RSI as Price pushes higher the RSI is making Lower Highs.
looking for trend continuation pattern on GBPCAD. possible short at 2.05 first target 2.03 SL 2.08
It is trading in a range bound within a triangle, overall long term trend looks bearish and now it is an good opportunity to short and be with the trend.
Right now I'm Still Neutral on SPX500. This could all change IF we break & close below the Major Support level on the Daily time frame. IF, we break & close below that level, THEN, I would expect Price to run back down to Previous Lows (Green Dashed lines on Chart) @ around 1880's level. So far in this Uptrend we have started making a series of Higher Lows which...
Well its been no surprise that CL has been in a bear trend for quite some time. We will continue to keep selling the rallies. I just missed my fill on this trade. Maybe it will come back up for me.. We will see. The TCT was based on the 78.6% fib retracement and Fib Inversion Trade which completes at the 1.618% ext. The pullback also put in a harmonic move (not...
The S&P 500 has been in a Bear Trend on the 1hr since Dec 2. We will continue with that theme and sell rallies. This is at market Sell on the S&P. Stops above the last swing high and Targets are down at the lows and 1.27 Fib Ext (all shown on the chart). Entry was a rally into the 78.6% Fib Retracement, 1.618%Fib Inversion, and a complex pullback in the form of a...
Syndicate members you have a video on this setup coming soon, but what I'm looking at here on the GBPJPY are trading opportunities for those who want to get either long or short. The Long opportunity would be a potential 2618 trade if price action were to reverse and retrace back into the double bottom that we established last week and the Short opportunity would...
EURJPY has recently broken structure to the downside. This is signaling that it's ready to start it's downtrend. I'm looking to sell this rally once price reaches my "entry zone". Entry - I will go down on a smaller time frame and look for some sort of reversal pattern or candlestick for my entry. No matter where you enter in the zone you will get at least a 1...
A few days ago I shared an idea looking at the USDCAD predicting that price action has an opportunity to go as far as $1.40 before hitting any significant resistance. On that post I was looking at 2 levels, a main potential reversal zone and a smaller potential reversal zone in which I had an aggressive reason for entry. Well, price action just missed my entry...
Looking at a potential trend continuation opportunity here on the GBPAUD as the market puts in a complex pullback into previous structure resistance. As we talked about in last night's video, complex pullbacks offer safer entries into TCT opportunities on both the psychological and risk/reward side of things. As mentioned in last night's video there are...
A lot on my radar today guys, but this is the only only non-advanced pattern opportunity that I'm watching. I'm looking for a chance to get short on the GBPUSD as price action comes back to retest previous structure support. We also have some hidden divergence which was created during the pullback which we can also use when building our case for entries. Also...
Look at the USDCAD and wait for the Gartley completion, we hope the gartley complete just when the price touch the uptrend line which will give us very nice long opportunity. Long USDCAD@ 1.3307 with SL 1.3268 and TP 1.3357 Good luck!
Wait for a candlestick formation at point D SL above X Potential TPs: - 38,2% (for those who want to TP really safe) - 61,8% Fibo of AD - 113% Fibo of AD (wave length equal to XA move + support) - 161,8% Fibo confirmed by support Trend trading.
I typically do the bulk of my weekly analysis on Monday after the New York close, but because last week was spent focusing on the educational side of the business, I wanted to get an early start and get back in tune with the markets. Looking at a potential trend continuation trade here on the EURUSD. Obviously we have a good amount of time before (if) we get to...
Not a pair that’s in my trading portfolio but I have no doubt that this will be on Jason Stapleton’s radar during this morning Warroom meeting. This is a simple Trend Continuation Trade (TCT) setup on the CADJPY as we look to get long at our current level of structure support. WHAT I’M LOOKING AT Price action has just broken a resistance level and has retraced...
Patterns can be failed very unexpectedly. Patient is the key of success. Open your trad on a strong trend. Later I will explain about how to adjust SL and TP. I will also explain how to get reversal signal and have more confidence on your decision. It's all about Risk to Rewards. Get yourself mentally ready and deal for long term instead of amateurish...
I have highlighted daily support areas which are confluent with Fibonacci levels. I lean towards the Bearish side, however I would not discount the Bullish targets on screen, especially with announcements from the US today. The bullish or bearish move will depend largely on price action and candlestick confirmation for me. Another reason for leaning to the...
Everything is already written on the chart