A recurring Inverse Head and Shoulders is evident in the major currency pair, EURUSD.
As you can see there are various possibilities for the direction but the overall, favoured prediction is a bullish movement.
Please like, comment and follow for more of my ideas.
Happy trading!
What is my entry criteria for a AUDUSD LONG?
Reason:
We have broken previous structure indicating a possible reversal in the bearish trend
We have already completed a three point move that broke the previous bearish structure.
This is my final entry for going long on this pair hence the tight stop as it is possible we could be in a complex pull back and...
What is my entry criteria for a GBPJPY SHORT SELL STOP?
Reason:
Gartley has just completed, I havent entered aggresively yet.
I have a sell stop order in place
As always good luck in the markets,
TradeEasy.
Looking further left we are a solid area of structure
Numerous tests
Entry is a buy stop
Bullish flag pattern setting up on 15
Double bottom
RR is 2.27
Targets 1 and 2 as outlined buy price
SL also outlined
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Why am I looking to trade NZDCHF LONG?
Reason:
We have an extreme peirce candle outside of the Bollinger band.
Looking left on the daily chart we are in a solid area of support and resistance (blue and red boxes) price has respected these areas before.
Some traders may consider the Bollinger break candle on the 60 min chart as a valid double bottom reversal
...
What is my entry criteria for a GBPJPY LONG?
My Reason:
A possible Cypher patter is setting up.
However, we are currently 70ish pips from an aggressive completion.
Entry:
Aggressive D completion 136.922
Stops:
Below X swing
Inverted 141 Fib
Targets:
Target 1:
382 Fib
Target 2:
618 Fib
Other ways to get involved
A more conservative entry could be...
Why am I entering long USDCAD buy?
We have a cypher completion now approaching D.
Aggresive limit orders are set
Risk to reward is 1.58
I will monitor the trade and adjust targets in accordance with price action.
As always
Trade Easy
Looking to sell GBPUSD from sell area, wait for exhaustion candle. Close trade at the target area (+30pips).
But be careful as GBPUSD has also shown reversal signs to the upside from the 1.26 area which is holding as a strong support level.
On my previous post on Ucad you see I called the move upward as the Z leg that could finally drop. if we look at the consolidation forming from mid-April we see a wxy continuation pattern being formed. this is confirmation for more upside I'm looking at equal legs to the last impulse made starting the 17th of April which puts price at 1.361xx the next important...
I wish my work schedule would go back to the way it was, my trading has turned into crap the past month with this work schedule, Im not accustomed to PA anymore or how to trade on certain days and even missing these huge swings. It sucks, i get off and its australia/asia session and we know seldom does price make major moves during that time.
Looking to get a bearish reaction to this pair because it is involved in a liquidity pocket, you have strong resistance, and the next big figure level is 1.96. I think that price will continue to push higher as time progresses, so overall bullish on this pair, but for now i am thinking a short. My entry is just to get in, price may hit 1.96 before going lower in...
