With Jason out of town I’ll be pulling double duties helping out with the morning War Room as well and today I had about six potential trades on my radar. I typically don’t actively trade on Monday’s but I will be keeping an eye on the NZDUSD for multiple trading opportunities. Bigger picture I’m still looking for a chance to short this pair once we retrace to our...
As the week ends the NZDUSD gives us a shorting opportunity with a harmonic pattern to the down side. However the risk on this trade is about 100 pips and a potential gain of +200 pips profit. As traders i will be watching how the NZDUSD continues to act around structure to see if there is a better Risk to Reward opportunity as 100pips is to much for me to stomach...
Before checking out what's in store for us on the fundamental side of things I would have called this a no-brainer trading opportunity. On the daily chart we have recently put in a LLLC and presently we're retracing back into the previous 2 days highs. Not to mention we've had the completion of a bearish Cypher pattern at 1.3828 which I'd be looking to use as an...
As we come mid week of week 10 of the year, the markets are snailing they way this month. However with this being said this gives us a chance to look at other pairs. particularly i am not a GBPJPY trader but it seems interesting for me to do an analysis on it. So without further due lets go. We are currently bearish. So my mind is thinking short however as a...
I've got to run soon so I'm not sure if I'll be able to catch this or not. But for those looking for the next place to short Kiwi this area looks as good as any. Harmonic move, fib extension, multiple fib retracements and of course structure to hide stops above. If it's still a potential trade by the time I return I'll keep you guys updated on what 'd be looking...
With the new year moving rather slow, Here we have a potential Bear Gartley pattern hitting all the current ratios with the potential reversal zone (PRZ) @ 0.886 Good Trading Guys
This trade was originally brought to our attention this weekend in Jason Stapleton's Forex Market Preview video "Studying Harmonics" ( www.youtube.com ) As I take a look at it today price action (after creating a LLLC) has retested the previous level of support which should now act as resistance. In addition to the structure level we also have a Fibonacci ratio...