so what do we see here? according to price action we see a nice bullish preceding trend thats gets stucked in a daily resistance area, and shows me an indecision candle ( also called dodji ) on a 8hr chart. Also we can see recent lower high, which is usually a good signal for taking a short. Taking this trade when price goes below the low of the indecision...
TRADE TRIGGERED ENTRY ON FRIDAY........LOOKING FOR A BREAK OF TREND, NEW HIGH & CONTINUATION......
TRADE ENTRY TRIGGERED ON FRIDAY ....PRICE RETRACED TO LEVEL OF ENTRY...... NOW WE WAIT AND SEE WHAT PRICE TELLS US - LOOKING FOR A STRONG NEW HIGH TO ENABLE SL MOVE
Price has had a substantial daily pullback to 50% fib level Has now broken inner and outer TL's Shorts in play. Target 1 0% fib level.
Trade Triggered (Blue Circle), created new high, once it moves higher i will move STOP close to B/E
Consolidation Break Out......consolidation formation structure, double bottom.... Trade Entry sorted...... Let Price do its magic.
Bearish PA: Tweezers at Desc. TL Rejection also CTL retest Tweezers also occurred at a daily 61.8% fib bounce level Pair has been in down trend for some time and after a short burst up formed a double top and has started putting in lower lows and lower high's.
A very good opportunity for buying ACC which also offers a very good risk:reward of morethan 1:2 Also note that it has formed a double bottom very recently around the fib extensions of 1.618 along with Bullish Divergence in RSI. As these gives out enough reasons for going long I will be looking forward to Buy these in coming days. Check your trade plan and...
This potential Bearish Bat pattern on the EUR/NZD 60 min, has a great risk reward , as can be seen in the chart. Look for price to climb up and touch the 88,6% retracement from the X to A leg to complete this Bat pattern. ( 1.7185 ) Stoploss should be placed above X, in this case its about 20 pips above X. (1.7290 ) Take profit 1 at 38,2% retracement from the A...
GBPAUD is moving toward our marked zone and if all goes well as per my trade plan then I will be shorting in the identified region. Note that, We have two places to fix our stops,marked as Region1 & 2, according to your risk taking ability and trade plan choose any of the region to put stops. Both offers more than 1.5(R:R), so worth the risk if its as per your...
Great risk to reward on this trade and another opportunity to get long and see if the market will retrace up to the daily structure at 129.66
Eur/Jpy has a some good opportunities setting up for those advanced pattern trader out there. You have a bearish cypher pattern that will complete at 128.446. Or the Bullish Gartley pattern which will complete at 126.863. Both are great opportunities. Cyphers have an excellent win rate, while this Gartley has an awesome risk to reward ratio since the A-B leg is so deep.
Looking like we have a long position forming. On the daily time frame we can see a long flag pattern forming. We could potentialy see a bearish movement to a key support level of around 1.0800 but unlikely to break that. Ill be watching carefully around the 1.1000 area where we see the TL to ensure we dont see a bounce. We almost have a 2:1 risk reward on this...
As you can clearly see from the Trendline drawn we can determine that NZDJPY is bearish. So to get along with downward ride we are looking for opportunities and the market is retracing up to offer us a chance to sell. We can also note that both Trendlines coincide in the resistance zone we have marked already. NZDJPY may retest the Bearish trendline and may...
NSE_EOD:NIFTY which is traded in NSE,Mumbai & scrip name as Nifty Futures January is likely to continue its downward move and possibly reach around 7250's. We know that Gaps act as Resistance/Support and check your trade plans to place stops around that region NSE_EOD:NIFTY from 7650's to 7750's. Possible Targets around 7200's to 7250's and its more likely to...
Bullish Gartley setup in FX:USDJPY , if you are looking to go long its right at Pattern completion D. Lets hope the Trade wins ! Happy Trading !