+++ Don't forget to LIKE & Follow+++ I have my eyes on potential structure trade on 1H, USDJPY - looking for shorts. If you look left you will see that price closed lower than PB (PullBack), confirming a bearish rotation in the market. We can clearly see a kill zone(blue box) between previous PB and structure - and it should come as a surprise for you that price...
Previous structure high with a major fibonacci level confluence. looking for short opportunities @1.33000 even handle number. Eyes on your mind, not on your trade CortesTeam Thank you
Just to follow up on the EURGBP trading idea that I shared a few days ago. I'm still looking for a pullback down to the 0.8400 level as being the optimal level for bulls. However, as price has evolved over the past few days we may also have a closer level as well between 0.8520's & 0.8450''s especially if you're a day/intraday trader looking at the lower...
The Euro is still one of the main pairs on my trading radar as it has been all week. Although we've yet to reach the level where I have buying interest we have been able to take a few bearish day trades in anticipation. (If you missed my rant yesterday on the USD Bulls and the game they played during the FOMC yesterday make sure you check out yesterday's...
If awake at the close of the 5am candle I would have jumped in the double bottom long. Fortunately (this time) I missed out on what looks like may be a failed test as we've broken (but not yet closed) below. This means all eyes are on the lower level of structure mentioned in yesterday's post around the 1.1160'd-1.1140's level. It would have been great if the...
Estamos viendo un testeo de la estructura alrededor de los 0.736 como opción de compra. Este movimiento va junto con una tendencia alcista de las últimas semanas.
Hey traders! As you know I like to work on my craft my scrolling through a few pairs that are outside of my trading portfolio and practice my chart reading and predictive analysis. Her eon the CADJPY 1 hour I would a potential trend continuation setup as price as recently created new structure lows and has started to retrace back into a previous level of support...
Break of 23.60% indicates downwards direction Watch 2.1050 psychological level to see if structure holds If it doesn't I have my targets placed at 38.2% 50.0%
As mentioned in a previous post, I try to make a habit of looking at pairs outside of my trading portfolio in order to stay sharp and work on my technical analysis skills. Today I found a nice potential opportunity on the EURNZD. Syndicate members I'll be talking about this setup in a little more detail in the video I'm about to produce for you, but essentially...
Just a simple Double top on The Daily, which we also have on the 4hr and 1 hr charts
I just posted a video explanation of this as well. But something I like to do each night is to work on my trading skills by picking out random charts & performing some technical analysis on them. Tonight I decided to share my analysis with you and I CHALLENGE YOU to get in the habit of hitting the gym (the charts) each night and doing the same. IF you do THEN...
As price action puts up Lower lows and Lower highs followed by lower low and another probably lower high, I am expecting the price to reverse and reach 1.06826. Price action reached the previous structure resistance followed by hidden Rsi divergence which gives an indication that it may thrust downwards. Entry level: 1.07381 Stop loss : 1.07937 Target : 1.06826
This pair is continuing to show bearish signs by making new lows and we now have a nice trend continuation trade setting up. If get a rally back in to 1.5070-1.5100, It will be a good place to short. The area also happens to be the 61.8 retracement of the recent downward move and I'll also like to see overbought conditions on my RSI before I take this trade. So...
As you can see from the on screen targets. EURSUD is lining up for a potential long at the break of the falling/descending wedge. I would wait for the break along with bullish candlestick confirmation before executing a long position. This is a valid set up and confluent with previous structure and fibonacci levels.
I already have a long position on this pair but i have already booked 54 pips profit on first target and my stops have been moved to break even. So assuming my second target gets hit at around 123.20's then i will be watching and waiting for this cypher pattern to complete at (123.40's) which is just 20 pips above my second target from the bullish gartley i posted...
Bat pattern Setup!! Hello guys Errol here, We are looking at a possible bearish bat pattern here. We might also see a 3 Drives pattern if we get a completion at the top of the third leg which also lines up with previous structure. We aslo have some Ratio congfluence at the D leg completion where we are looking to get short. Very nice risk to reward situation...
BAT PATTERN PAIR: GBP/JPY TIME-FRAME: 1HR TRADE: BULLISH BAT PATTERN We are approaching this bullish bat pattern and I'm looking for a long entry here at @ 183.220 NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart FACEBOOK: facebook.com YOUTUBE: www.youtube.com
Potential Bat pattern with a nice structure at 120.681 T1 - 38.2 T2 - 61.8 Risk/Reward - 1/2.6, I like it.