1) Price has formed a double bottom on the daily chart
2) Price has rejected this support previously more than 3 times
3) I dont have a 3rd confluence, hence I may wait this one out until I see another confluence
1] I will be looking for comfirmationm with some kind of candle pattern such as bullish engulfing.
Looking for a Long (Buy) trade. Risk to reward is...
Completed bearish cypher pattern on EURCAD .
Trade went active early in the morning (entry - 1.472)
Stop - 1.48
T1 - 1.462
T2 - 1.452
*If you want to know my rules for harmonic pattern trading,
I have an entire advanced course for you!
contact me for more details
1] Price has shown a massive surge to the downside and I am expecting a retracement.
2] The upward trendline has been respected and touched 4 times (see green up arrows)
3] Slight divergence on the RSI indicator for the 4hour may indicate change
4] RSI is approaching Overbought areas
I will be moving SL to entry after roughly 1R to protect my capital as there...
NZDUSD showing an overall downward trend in the long term (therefore I am bearish). SL has been placed above last resistance and the channel line. #TrendTrader.
Looking for a Short trade. Risk to Reward is 1.7
Will have to wait and see how this continuation forms...
For my free shorter term signals___ the link is...
... I need to borrow some chairs haha.
But seriously if you are alone at Christmas there are always groups or people out there that will take you in for the day so you are not alone, i am 1 of them i will be having 2 spare seats at my table that i will be giving to homeless people... Nobody should ever be alone!
On the chart we can see GBP pairings are making...