Hello traders, we've had a really big day today trading. The last trade I'm looking at before calling it a day, is on the GBP/JPY 4 hour chart. I'm looking for a quick pop down to the 127% extension along with previous structure. Stops and targets are set and the trade is ready to be played out. Keeping an eye on this one, have a great day everyone! Star...
EDITED: Hello traders, I recently did a video before, but when I came back to the charts, I'm seeing a lot more potential patterns that have come to hit the market. Here is the bullish bat pattern on the 1 hour chart for AUD/USD Star Prosper Philip Stewart
www.youtube.com Video above explaining the cypher trade/ Star Prosper Philip Stewart
www.youtube.com Please check out the video above explaining the trade. Star Prosper Philip Stewart
Upwards triangle formed and in play, Wait and see what NFP does tomorrow. Upwards targets of .76 and .78 Happy trading - C
We are in a consolidation phase. Let the market decide which way to go and buy/sell the breakout. Possible targets are on the chart. Atleast 33% profit within a month after breakout should be possible. Are you ready ? : ]
Here are my short targets after intensive analysis. Take 50%profit around wegde target (226.27) and 50% around ab=cd of bodies target (215.57). Furthermore buy around 216 with stop loss under 207.7. This will allow you a maximum leverage of 20x with the margin call beign your stop. Cheers :]
The Bter phenomenon was one of a series of failings in the bitcoin exchange market that could empower the bears in the future. The market is now back in the "Zone of Uncertainty" where we've spent the majority of our time since bottoming out in the $160 area. Within this area, it is very difficult to predict price action, although we have had a couple of good...
We have what looks like a perfect inverse H&S forming, but the price looks weak on the right shoulder. Breaking $220 and invalidating this H&S is a very bearish signal, opening up to further downside targets, the first of which is at the recent low with even lower targets still possible. In the event that we break the neckline at $245, we can then consider...
It seems like we are likely to form a pennant here. Give it some time before it breaks out / down. Keep an eye on volume for confirmation. Meanwhile if you are not patient enough you can try to catch the local tops & bottoms in the pennant, but only in the early stage. Once it gets squeezed further it just becomes unprofitable. Other annotations on the chart. Cheerz : ]
Shorting FTSE100 Below 6753 targets are the green lines. Ultimate target is 6668 support level. Orders are set to short below 6753 so put them in.
We're sitting atop the local higher low here. As soon as we establish a lower low, the targets below are where I would expect it to reach. There is strong support around $200, so if it is going to turn around, I would expect it to turn around there. Overall, I'm still pretty bullish, but we can't know for sure until we reach one of these targets and see what...
Double Bullish divergence gives us nice long opportunity. With KDJ bottoming out and J curling up we can get a nice entry with minimal risk/reward of 4 This is also a huge bullish order block zone, use that as you will. I've provided multiple targets, the higher you go the less likely they are to hit, either exit or shrink position on each target to minimize risk!
We might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box...
Wait for a voluminous breach of the purple triangle, and place shorts/longs in the same direction. I provided a couple targets for both directions. Small green arrows are 1.618 extensions of the big green arrows. They nicely land into existing key support/resistance levels. I prefer the upside as it would be a good point (in the context of the 2. auction) to...
Didnt have time to post this earlier. Simple EURUSD bear flag formation combined with Fibonacci. We broke the flag channel and the 0% Fibonacci support level. Now we are targeting the green negative Fibonacci Levels which are the extension/projection levels for the currency pair now. Simple strategy that works really well.