hikkake

Casey_Yeo

Almost mirror image of USD Index. Prefer this chart.

Casey_Yeo

Good area to look for short as bullish traders may have been trapped trying to buy on breakout. Those who have shorted below 1.041 may also have been washed out. Target here is just 1st target to TP for half position. Now just wait for market to suck me in.

Casey_Yeo

Monitoring for potential false breakout above IB and to set up hikkake with short below 0.6985. That may also form somewhat a H&S pattern.

Casey_Yeo

It broke below the channel and retested previous support, now resistance. False break out of IB yesterday, setting up potential hikkake.

Casey_Yeo

Potential Hikkake setup after re-test of broken wedge.

justatrader

A bit curious to see how the Hikkake Bar pattern will form. It is not a trading system in itself, but I think it provides a good confirmation within a larger chart pattern. Here, we have a descending triangle pattern and a 'Potential' Hikkake bar pattern is being formed. Its not a 100% Hikkake pattern because the set up didn't happen in 3 bars. Nonetheless, the...