We've had this one on our radar for a while now & finally price action has reached the completion point for our Bearish Advanced Bat Formation. (There's also a potential Bearish Advanced Cypher Formation hanging out a little higher) Because this pattern formation is to large for my liking, I'll be keeping an eye on the Pre-Brexit highs for a structure based...
Retracing in form of a complex pullback back into structure which now should act as resistance. Expecting further downside continuation based on daily timeframe. Trade your plan! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Cable is weak and is likely trapping buyers. This Risk / Reward is well worth it.
This trade is worth the risk on many levels 1. Beautiful Risk / Reward 2.Cable is very weak no confidence
We have a few things happening here on the USDJPY. First off we've had the completion of a Bearish Advanced Bat Formation at 105.88. Because the required risk to involve myself in this trade is outside of my allowable range, i've involved myself using structure & price action. As we approach the pre-brexit highs, you'll notice that not only has the momentum...
Bearish Bat Pattern within overall trend of this pair. Trade YOUR plan! Good luck, Felix. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Seeing as today is Canada day (sorry), and it's about to be a big fat 3 day holiday in the US my view is that everything US is going to rise today in value in preparation for the break. In the case of the USDJPY I am currently now open with 100 points in fx spread LONG with the red horizontal ray at 102.3 dictating my stop. Not really sure how far I want to let...
So everyone and their mothers are having it in for GBP right now, right? So, let's seperate from the herd of sheep, and break out for a nice reversal here. Think of it like the best manga porn you have ever seen. You think it's finished, but oh no! It keeps on going! I'm recommending to my clients to Call this sucker for end of day, end of week and end of month...
#CADJPY the lower highs indicate that this pair is going through a down trend. The EMA is a major confluence with regards to downside movement as the 7 EMA below the 50 EMA indicate that the market is in a long term downtrend, this is followed by the 3 EMA being below the 7 EMA which indicates that the market is in a short term downtrend. The short long term down...
Just a quick Bat pattern setup on GBPUSD. Came right back into previous structure with RSI oversold. Now seeing nice divergence and a triple bottom. Shooting for conventional targets at 38,2 and 61,8 retracement of C-D. Stops have to go below X. As always, follow your plan! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
AUDUSD is still in a downtrend. Therefore we're looking to take shorting opportunities to hop on the trend. This gartley pattern gives us pattern traders a valid short. Depending on your personal rules you can either trade this pattern with conventional targets (38,2 & 61,8% from A-D) or as a TCT as shown on the chart. Website: www.ogtpartners.com Twitter:...
Nice pattern with fib confluence on this pair. Retracing into previous support now should becoming resistance. This Pattern could be the reason to enter a valid trend continuation short. FOLLOW YOUR PLAN! Best luck in the markets, Felix. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Just wanted to give an idea for possible trend continuation trades, All rules are on the chart. All the best. Felix Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Went overbought on EURJPY this morning prior to London open. Formed a nice cypher pattern which completed at 122.76 Every pip above this you will get a better risk reward, Stops and Targets as shown. Targets are the 38,2 and 61,8 % Retracment of C-D leg. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Since breaking the 107.60's area, I've been waiting for some relief on the USDJPY and an opportunity to hop on a retracement and get short. As the market slowly retraces back to previous structure resistance a few opportunities have developed on the chart including a basic CTS trade using an AB=CD pattern, structure and fibonacci confluence. As well as a...
Applying that IF Then Syntax to your trading is key! If we break out of the Channel, Then there is a good opportunity for the market to hit the initial target at around 156.70's. Always trade YOUR PLAN! Good luck! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
NZD/USD OUTLOOK. NU finally broke above the 0.68736 level giving us a nice break retest this week. Added a fib retracing to the 78.60% level. Will be watching closely on market open for a pull back to execute a long to D2 extension (61.00%) level witch also is confluent with historical resistance 0.72315. If we do not see a pullback and my trading plan is not...
EURUSD currently offered a nice chance for a 2618 Trad e, which basically is a return into the 61,8 % Retracement after a double top like shown in the chart. The first Target would be the recent lows at 1.1218's. We also have a nice gartley pattern as a potential buying opportunity at 1.1170's. STAY IN THAT OPPORTUNITY FLOW! Website: www.ogtpartners.com...