On FX_IDC:EURJPY , we have seen the sharp price drop on Thursday and it continued on Friday. It seems, the Bears (Sellers) are in control of the price last few days, so question is: when Bulls (Buyers) get their control? The price hit 1st October low, which is also the support level (133.375). The price bounced on that level twice and it is more likely it will...
On FX_IDC:EURUSD , I have decided to highlight key zones on 1H chart bars. The price moves between 2 key levels - 1.1388 and 1.1335. In addition, the triangle is formed between those two levels. It the price breaks the triangle and support level at 1.1335, it could be a good indication to go short. However, there was a fake breakout before (see long shadow), so...
Its Monday Morning; Investors and Traders are ready to make their decisions, however, they await big players to make their moves first. So, I do not expect volatile moves today, big moves mostly happens when the London Seasons opens on Monday. However, there is a nice opportunity to grab some nice profits from today's set up. After strong price drop, the price...
On FX:EURGBP , the price is in consolidation zone for last few days and there is no clear direction of a trend on 1H bars. There is a key zone area at 0.7341, because the price has reacted on that zone already few times; it getting close to that zone and it is more likely that that level would act as support at this case. In addition, Bat pattern appears which...
On FX:USDCAD , the price is in consolidation zone last few weeks. This gives us an opportunity for a nice set-up. Potential Gartley pattern appears in this sideways markets, which guides to manage this trade's SL, TP, and Entry point. Price respects the support level at 1.3179 and it is more likely that the price would not break that level. Thus, it is wise to...
On FX:USDCAD , there is a great opportunity for harmonic traders. Risk reward is great, structure great. Price found a support level at 1.3227, and it is more likely that it will act as support again and bounce the price. There is a potential Bat pattern, which adds probability of this set up. Harmonic pattern gives us set-up to manage SL, TP, and Entry. T1 -...
On FX:USDCHF , the price moves sideways; there is no clear bias, Who is in control Bears or Bulls?! However, it is possible to profit out of it. There is a structure level at 0.97804, which acts as resistance lately. Also, potential bat pattern appears, which increase probability of this set-up. Thus; T1: 38.2% T2: 61.8% PS: There is a strong bullish bar; In my...
On FX:AUDUSD , we can see nice upward move; it seems now price making its correction and it will continue going up. Potential Bat pattern appears where D leg finishes close to structure, where X leg starts. This gives us good risk/reward. T1: 38.2% T2: 61.8
Potential Bat pattern with a nice structure at 120.681 T1 - 38.2 T2 - 61.8 Risk/Reward - 1/2.6, I like it.
Organized structure, Resistance at 0.97696 Potential Bat Pattern; Entry at 0.9762 T1: 38.2% T2: 61.8%
Nice opportunity Traders. Price is in consolidation zone, where Resistance is found at 133.651; Potential bat pattern, entry point at 133.49. T1 - 38.2% T2 - 61.8%
Great Opportunity on EUR/GBP. Very high probability trade. Price is in consolidation zone zone, where there is a support at 0.7262. Bat pattern appears, with an amazing risk/reward. T1 - 38.2% T2 - 61. 8% Note: Avoid trades on high impact news. NFP coming today.
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
Another penny stock, today has been a very uneventful day in my Forex portfolio as you can tell. Here i have found a butterfly pattern in the american eagle energy corp. The pattern is a little weak, meaning it isn't a perfect pattern, so the results may very. I have placed my entry at the lowest low of the pattern , my stop at previous structure resistance...
Need strong move through this upper trend line otherwise bears can take back control
Here I point out a "W" trading pattern that could indicate the short term downtrnd can be reversing. W pattern will be confirmed if DAL can hold 45.5 on the next pullback. Excellent risk reward here.
Had a strong breakout from Bullish Pennant but since has reverted back to support. Looking for a quick retest of .54 within the next week and up to $1.00 in July. Good news and publicity lately. I am long CERE but for you day traders this may be a nice little trade for the week.