This setup is looking very nice moving into next week. The week view rejected our upper T/L, we also have a potential triangle forming (upper level is marked, lower level sits nicely on our first target) If this triangle does form and come into play then its relatively unlikely we will see the second target on the first push to the downside.
We have clean...
Although my overall bias on this pair is long (higher time frame - monthly level break), a Bearish engulfing candle at a level this strong feels too good to ignore. I have a very effective method of trading engulfing candles, this means i'm already in and already risk free. We also have divergence across the last two peaks.
We've achieved our take profit 3 from this trade from last week. Dropped over 200 pips in the past week
Our target zones were 125.000 which we saw it trespass but shortly retest it and failed to break through and then we saw price drive down to our final target of 124.650
( we'll be looking for EUR strength next and look for a possible swing trade
Our team have identified that Institutional money is flowing into this pair LONG, we entered where we did as we always trade WITH the momentum of the market.
We have identified 3 major take profit zones:
1) +68 (half the position comes off here)
Risk management is KEY and our Stop Loss is strategically placed to avoid stop hunts and to give a...
BTC is in clear down trend but before it dips any further bears need some fresh blood.
Expect a squeeze to $6800/$7000+ levels at the best.
Higher levels have been marked for my own personal reference.
AUDCAD bottomed out with an inverse head and shoulders reversal which was confirmed with a break through the neckline at 0.97054. The pattern targets 0.985 which currently aligns with the 200 DMA which is a useful reference for aligning longer term directional bias. Currently we can see price is undergoing a natural pause around the 38.2% Fib. retracement level of...
4hr chart showing a counter trend trend line break with commercials at all time high in short positions. This could lead to WTI falling back to $60.00.
Looking for short opportunities down to this area.
Analysis for EURUSD - Using Support and Resistance, There was a clear bearish movement from the Top Resistance all the way down to the Middle Support, the Pair just reached the 1.17780 and we're expecting a retest and hopefully it'll reach the bottom support 1.17301
Heres a Bat pattern that I forgot to publish but was a trade taken. It's a small Bearish bat pattern on USDJPY. We managed to roll over very pain free to target 1 however then moved back up to break even stopping us out.
For those who don't know, I like to trade 2 positions per trade with 2 targets. Once target 1 is hit, I then move the stop loss on...