No doubt that Jason Stapleton will be showing this to you guys in our morning Warroom meeting, but we're looking at a potential Fibonacci inversion trade setup here on the EURUSD. We also have a 38.2 fibonacci retracement meeting at that same level and if you look left...well you know what we always say. "Look Left, Structure Leaves Clues"
Akil Stokes
Chief...
There is potential short on Pound dollar right after price just False break out from resistant 1.5245. Price has retraced to 50% Fib. Retracement. We're looking for price starting to bearish and if it does, we're taking our profit on 1.515 for a 100 Pips. This setup has risk reward ratio 1: 2.
I was looking for a similar setup to this earlier in the week but never got the retracement I desired. Now after consolidating and holding at the 1.0700 level, I may be given another opportunity to hop on this downward move.
Because I'm not a trend following trader, I need to be very specific with my entries to ensure that I get a good risk reward. So the...
this was a potential opportunity that I had on my radar yesterday, unfortunately the markets decided to do absolutely nothing but go sideways creating a channel. If we breakout of this channel to the upside I'll be looking at a third harmonic move setting up a potential selling opportunity as we come into previous structure resistance starting at the 187.40's...
Based on structure we can see a down trend in this pair as we are creating Lower Highs and Lower Lows
We are now at the point where the previous high is tested. Also at this level we have a nice fibonacci cluster of the last 3 moves down. All of this for me points in the direction that the pair will move down.
Entry : 0.7165
SL : > 0.7200
Target :...
Nov 3 2015: BEARISH EURUSD 15 Min. Sell channel top. Buy support
(Analysis Based on 15 min chart)
Observations
1. Long term down channel
2. Short term down channel
3. Price at support
4. 15Min RSI oversold at swing low
NOTE: Wait for price action to confirm the importance of these levels.
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Nov 3 2015: BEARISH EURUSD 1H: Sell channel tops; Buy BAT pattern
(Analysis Based on 1 hour chart)
Observations
1. Long term down channel
2. Short term down channel
3. Bullish BAT pattern
4. Oversold RSI at 1H swing low
NOTE: Wait for price action to confirm the importance of these levels.
NOTE: This is a counter trend opportunity based on my daily outlook
If...
BEARISH EURUSD 1H: Support becoming resistance. Wait for bearish price action.
(Analysis Based on 1 hour chart)
Criteria
1. Sell at daily Support/Resistance
2. Sell at daily swing low
3. Sell at channel high
NOTE: Wait for price action to confirm the importance of these levels.
NOTE: This is a counter trend oppertunity based on my daily outlook
We could clearly see bearish impulse legs with lower lows with lower highs, We never know whats going to be happen next but with logic I can explain if this bat bat pattern works we might see a LL or a retest of lows.
Unbreakable Rules
1. Never add to a losing position.
2. Never risk more than 5 percent of your trading capital on any one trade.
3. Always have a...
As many of you know today is FED day as the FOMC has its Interest rate Decision & Statement coming out today at 2pm (New York). The expectation is that there will be no changes made at this particular time so most of the “volatility” and “reaction” will be based off of the tone of the statement as trader hunt for any clues of when the rate hike may occur.
This is...
BUY USDJPY at support
(Analysis Based on 1H charts)
Criteria
1. Up trend on the 1H chart
2. At weekly Support/Resistance level
3. RSI was oversold at swing low
NOTE: Wait for price action to confirm the importance of this level.
BULLISH price at support
(Analysis Based on 4H and 1H charts)
Criteria
1. Up trend on the 4H chart
2. At channel bottom
3. At weekly swing high
4. RSI was oversold at previous swing low
NOTE: Wait for price action to confirm the importance of this level.
If we look at the chart and ask ourselves where is BTCUSD trading at, I would say Its looking for some bearish moves up ahead. If we get a structure retest then there we have a Bat completion pattern. I will keep it posted after the break of structure.
Cheers.
Morshedul Alam.
BUY GBPUSD at channel bottom
(Analysis Based on 4H and 1H charts)
Criteria
1. Up trend on the 4H chart
2. At channel bottom
3. At daily support level
4. RSI was oversold at channel bottom
5. Slight hidden divergence
NOTE: Wait for price action to confirm the importance of this level.
Hello, everyone. A series of HH's and HL's presents. Gartley pattern is already completed. So, let's long this pair. As usual, stops need to be below X. The target is a retest of Highs. I took the highest close of A-point for tp.
Hey, traders. recent downtrend was stopped by a sign of reversal which is a NSH above the last downward impulse's initial point. I expect extended targets here at 1,272 XA extention. As usual stops need to be below X. Good lick
We have double topped and broke structure to the down side. Looking for a retracement back up into the .618 around 78.29's. Stops go above X. Target 1 at previous structure lows with extended targets at 1.27 extention.
Hey, traders. This week starts with NZDCAD setup. As usual I look for a trend and enter in it's direction using advanced patterns such as gartley, cypher and bat. On the chart above you see a series of lower lows and lower highs wich is a definition of a trend. I already entered it and while I was typing this message priceaction went a bit away from my entry...
