I analyzed this early weds or thurs last week. I was quite excited but as you can see my pattern was not met. I am still watching this pair and I have a 1% trade in going short with it. Hopefully this week we get some better clarity. I don't have the points set exact because I was not going to share this chart but the ratios did work
USD/CAD has broken through support and has been rested three times, I've used the 4h timeframe to check the prediction and also used the 2hr/2hr timeframe to enter my trade. I have used a XACBD pattern which shows a bearish cypher pattern. A new triple top has emerged which would indicate that the market will fall heavily. Hope this is beneficial and everyone...
was waiting for this beautiful retest Selling now (1.06955) TP 1 @ 1.0590 TP 2 @ 1.0480 SL @ candle close above the RED TLINE confirming a trend continuation about (1.0730) and higher stop (1.0747) under orange trend line im holding to downside
Many traders have already taken a position on EU, but if you haven't caught on yet, short it. That is my advice. With the strengthening USD (DXY), and price breaking 2015 lows, EURUSD will be plummeting over the next few months
Pretty self-explanatory if you know how to trade, with the strong USD and weakening EUR, short short short.
This pair has broken out of an ascending channel. Grey box is the key level where price will probably retest the broken structure. Confirm rejection to short Always apply money manaagement
The 1,5 month corrective structure has been broken to the downside, indicating a likely move down towards 18.000-17.600. Best area for a short entry would be the bottom of the previous corrective zone between 19.200 - 19.500.
I'll set a "sell stop order" to trade the possible flag breakout to the downside.
Price never made it up to the resistance zone mentioned in the last trading idea before selling off heavily. We've just broken through a support area around 1.29500 and can now look for a re-test of that area with a quick target at the next support coming in around 1.28300.
Given the huge amount of "open space" in between the most recent broken structure and the next support level, if the price doesn't fall straight to final target zone I' m going to wait for a retracement into one of the 2 hot price levels defined by significant structures broken to the downside. The two scenarios are depicted by dash lines. I've set alerts on both...
In this strong downtrend a broken structure to the downside became a resitence. Price is retesting this area which is also a Fib retracement level. Think this is a nice opportunity to sell and ride the move. As target 2 the use of harmonics (dashed red segment) could help to figure out where price should take a breath.
Amazing harmonic moves for this pair show where price could heading to. Last harmonic shows an interesting confluence with a major weekly resistance. Wait for retest of the recent broken structure to get involved short. Stop and reverse at significant weekly resistance.
Hello Traders, Here we have two valid 2618 trade setups on FX_IDC:XAGUSD , where one of the 2618 setups reached its first target and currently we have another new 2618 trade setup that has just completed with better entry price. Notice that market is very close to the weekly trend line and that it has been successfully tested several times by the market....
Hello Traders, Here we have a VALID BEARISH CYPHER PATTERN on FX:GBPJPY , that is close to the completion point. Do keep in mind that the major trend direction is BULLISH on the Daily, Weekly, and Monthly charts. This cypher pattern has been created after breaking the previous resistance level (LH). This is a good signal of POSSIBLE trend change back to...
Hello Traders, Here we have a potential short trade based on SIMPLE PRICE ACTION with great risk to reward. Based on 4 HR, Daily, and Weekly, market has broken and closed below the previous structure support (HL), which is an early signal of trend change for this pair, at least for the short term. Currently market is coming close the 4 hour potential reversal...
Hello Traders, We just got the completion of a VALID 2618 TRADE SETUP on FX:NZDJPY with better entry price and lowest risk possible. I've already entered into this short trade at the price labelled on the chart above. The stop loss is placed well above the respected 4 hour trend line. See the chart above for more details. NOTE: For tomorrow, we have 3...
Hello Traders, We potentially have a LONG opportunity on FX:NGAS based on the 2618 TRADE SETUP . By looking at the current price action, market is clearly in a DOWNTREND . But do notice that the market has placed in a DOUBLE BOTTOM at a VALID TREND LINE (IN PINK) . So analyzing this further we can see that this similar situation occured near the TOP...
Wed, July 29- UPDATE #2: Hi everyone, I've CLOSED all of my positions on this trade at current market price. FOMC coming up in less than 25 minutes. UPDATE #1: Hello everyone, Trade is ACTIVE now. Remember I will be closing this trade at 1:30 pm (NEW YORK TIME) today, if we don't get stopped out here !! Hello Traders, Here we've a BULLISH Butterfly...