As you can see EURUSD has 2 channels to play in on the monthly chart, wich means on lower timeframe charts it still has potential to touch the lowest monthly channel as seen in my 4Hr published idea.
If you look at my RSI in the past you see this similar bounces occure.
EURUSD might be heading slowly for a Monthly retracement move to the upside after wich it...
YESTERDAY'S VIDEO: www.youtube.com
Good morning traders, here is yesterday's video for those who've missed
our daily Forex Trading videos.
I'm looking for a short structure trade on the GBP/USD into a PRZ / FIB
CLUSTER / CONFLUENCE as my targets.
Have used the IF=THEN syntax in this trading strategy.
IF the market comes up into 1.54597
THEN sell the market...
VIDEO: www.youtube.com
Good morning traders, Philip Stewart here. Today we're looking
at some structures and patterns, as well as the AUS RBA
opportunities that were presented to us.
Please watch the video above for more details about what we're
looking at in our trading today.
Star Prosper
Philip Stewart
Hello and good morning traders!
The first trade today I'm looking at is the EUR/GBP
on the 4hour time frame.
We have a PRZ the markets come up into with FIB
confluence and previous structure.
Our stops are above the swing high above the 1.414%
and looking for targets at a FIB extension at the 127%
with previous resistance becomes new support.
RSI is weakening...
Traders, looking at the USD/JPY on the 4 hour chart. I've done the bat pattern
rules and we're presented with a potential bearish bat pattern IF D leg completes
at the 886% retracement.
I've also done the FIB from C to D for stops and targets within the ROE of the bat.
Please trade at your own risk and don't forget to plan your trades and trade your plan.
Star...
Looking at a bullish bat pattern completion on the GBP/JPY 4hour chart.
All conditions are met, stops and targets are in place, looking forward to this trade.
Star Prosper
Philip Stewart
The Reserve Bank of New Zealand is expected to hold rates. With the Kiwi being resilient of late, Graem Wheeler is likely going to jawbone about it being overvalued, which should give it at least some short-term drag, especially against the USD. In terms of monetary policy, the press conference might reveal whether or not a rate cut is still on the table, and if...
I'M ALREADY IN A SHORT POSITION BUT IF PRICE RETRACES UP TO MY SELL ZONE I WILL LOOK AT PRICE ACTION TO ADD IN ANOTHER POSITION AND TARGET 0.75000. I STRONGLY BELIEVE WE CAN GET TO THERE IN THE SHORT TERM BECAUSE THE LABOUR MARKET IN THE U.S KEEPS COMING OUT GOOD WHICH WILL HAVE INVESTORS/TRADERS SPECULATING A RATE HIKE AS EARLY AS JULY. ON TOP OF THAT AUD...
Bearish Crab.
Parabolic Sar getting closer to reversal.
RSI is in overbought territory.
Stop Loss - 1.90964
Short Entry - 1.90556
Target 1 - 1.87811 (6.8 to 1)
Target 2 - 1.86145 (11 to 1)
I took this Kumo-break trade on the 4hr chart for usd/jpy and already moved my stop-loss to break even(where the red horizontal ray is at), I will manually move my stop-loss accordingly to the Kijun Sen. I got my eyes on the monthly resistance as profit target(monthly pivot) and i set my take profit target even with last uptrend spike.
Would you still look to...
Well another short opportunity that I see with an AB=CD pattern. I have a short order at at the 61.8% Fib (0.8139) Explained the technical aspect for the trade on the chart =D Meets my personal guidelines in regards of Risk/Reward for entering trades. A/U is still bearish as it continues to make lower highs, and lower lows, so lets see if price agrees with the...
Counting the bars, it seems that the new highs will accelerate and things will happen on the 4th, The chart seems to be moving upwards right now just because there might be interest in having the auctioned coins being sold at a higher price.
Given these circumstances, its more likely that the price will go up rather than go down, not to mention the fact that we...
USDCAD looking for a nice long bounce in the upward channel. The reasons I am looking to focus on buyying on this quick dip:
1. Long and Firm upward channel. Just bounced off the bottom of the channel line. +2
2. MACD is downside below the 0.0 however it looks to be crossing now and will be heading up. +.5
3. Fractal was just made signaling a turn around of the...
The Yen has been building in strength through the summer. Here price has entered in to a small range(within a larger downtrend), with price being rejected at the .618 fib retracement and the resistance line, which created a confluence of resistance. Recent candle wicks show rejection at the 101.800 level, so I suspect this retracement may becoming to an end. ...
Just a quick update. BTC - Stamp has resolved the recent consolidation bearishly. I have been talking about the consolidation for a few days now in my videos and we have broken through support. While current prices don't seem to make sense for new trades, it is in my opinion one can realistically play short setups (day trade basis) as we work our way down to...
I haven't posted much on Bitcoin as much of late as I have been put to sleep waiting for my OTE long zone bids to be filled. It has been an arduous wait but as price has moved slowly lower, the wisdom of patients has been so far accurate. Having said that, Bitcoin has enjoyed a rather nice bounce off the 419.40 level for going on the past 100 hours. So much so we...
