Last week i mentioned that I took a "Bad Trade" In this video I walk through my analysis of the pair and the reasons that the trade was not executed properly in hopes that you guys can learn from my mistake. www.youtube.com Akil Stokes Chief Currency Trader www.tradeEmpowered.com
Potential long on the GBPAUD. Stoch is oversold, RSI is also in an over sold position, we have also hit minor support at 2.08803 from the previous low. For another strong move we will be monitoring the RSI, waiting for it to breakthrough resistance, if so then we draw a horizontal support line where the break occurs then Short the GBPAUD until the RSI breaks back...
ALCS just broke the channel leading into an almost 30 cent gain, RSI going well into over sold serving as another strong indicator.
Hi All, I posted this the other day just to keep it on the radar. After my post we now have a potential Bat as well as the cypher setting up here for a Long Opportunity. BAT Pattern has Fibonacci Extension Confluence levels - Minor 1414 and Major 1618 and also a 127.2 Fibonacci Inversion from the Cypher A to B leg. It also completes close to the even handle...
Daily S/R zone and trendline support are being obeyed which provides a nice R/R opportunity to go long. An hourly TL break in addition to momentum divergence and an oversold RSI provides a nice entry at around 19. Target the minor resistance around the nearest missed weekly pivot with a SL below recent lows.
Take a look back to check out what happens when RSI 2 is below 2.5, we have movement or a close below the lower BBand, and for an added bonus, when traditional RSI 14 is in the 40 or below range. The key to this setup is to not get greedy. Once that mid BBand line is crossed, it's time to tighten the stops. Let it ride. If you're a little cautious, sell when...
The last week has seen a pullback to 84.6 support. RSI is in oversold territory. I'm looking to get in long here, my only reservation is the obvious weakness of the last bounce from this support line. I am still in favour of a buy position, and will keep an eye on this pair come the asian open this evening.
Potential bat pattern RSI oversold. Entry-1.5814 Stop loss-1.5790 1st Target-1.5858 2nd Target-1.5885 Stop loss in pips-24 1st Target in pips-68 2nd Target in pips-95 When 1st Target is hit move your stop loss to Entry point for risk free Trade.
We got a bullish cypher pattern at market at strong multiple month support after a double bottom with RSI over sold. It ticks all the boxes. But please trade with care, we got the Greece meeting en the EU parlament today so it can make price very volatile later today as the meeting progresses or the fear/greed thing kicks in to everybody. Kind regards Thomas Jeff
#AUDJPY Gartley Short 1. Gartley 2. 200sma 3. RSI oversold
@TradeYodha (TradeYodha.com) #EURNZD 30min Long Idea for Retracement 1. Higher Time Frame Support Structure 2. Higher Time Frame Double Top with RSI bullish Divergence 3. FIB 1.27 extension in zone on 30 min 4. Price Oversold 5. 50SMA and 200SMA lagging which may attract the price Love to have your comments to agree/disagree.
#GBPJPY Long Idea for Retracement 1. Higher Time Frame Support Structure 2. 1/1 Harmonics in the zone 3. Price Oversold 4. Fib extensions confluence 5. 50SMA lagging which may attract the price
@TradeYodha TradeYodha.com EURJPY 4h Long Opportunity 1. Cypher Pattern Completed 2. Price oversold 3. 161.8 fib extension confluence in the zone Beware of 130 round price level. The price is probably going there to test that level. Wait for confirmation. Hope this give you some useful ideas, don't forget to hit the like button :) Thanks Remember- Plan your...
Alright guys sorry that we haven't been on here much, we have been slammed with new students, but this week we will be updating tons of new trade setups for you guys! The #1 on my hot list right now is USD/CAD only going short, I originally saw this trade setup on the Daily chart which is what controls everything so I dropped down to a 4HR chart to break down...
#BABA #ALIBABA Possible Long Idea Harminics 3 Drive Pattern Re-Test of previous structure RSI Bullish divergence and oversold Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
Dear Fellow Risk Takers, Happy New Year and I bid all of you a very profitable 2015 ahead. Here’s my first Break Out Trading Idea for 2015. Price for ABBV has been trading along a gentle and steady upwards channel, from April 2014 to Nov 2014. Current price action has broken above the upper channel line. In other words, price was gently bullish and now shows...