today for me has been a day of simple and to the point setups. all are in the blue which is a plus and we have yet another setup on gbpjpy that broke a previous resistance. we can look for longs up into the next zone. make entries on a 5 minute chart. tp: 176.188 sl: 173.167
right here we have a reach up for the previos daily trendline of the EURGBP which I am expecting to be a retest. looking into a new downtrend if we can get that nice bear candle in. an ideal pair to watch for positions. I suggest watching price action on smaller timeframes to watch for breaks and get an early entry as the market is currently consolidated on lower charts.
we have some very interesting price action with the gbpusd. we have had a hard time breaking through minor levels to go back into weekly/monthly support level and after so many attempted failures it seems we are finally about to get it. on daily charts we have a spinning top at a retouch level before the market continued down and we break it down to our 4 hr and...
here we have a good oportunity to go short the euraud on the breakout of the uptrend. we have a nice big bearish bat to go with it which hasnt hit target 2. i am looking to sell yesterdays big bearish engulfing right into target 2 of the bearish bat. on 4 hr and 1hr the retouch has already been completed.i have my stops and targets in place for personal...
eurusd is at an interesting level. we have a 61.8 and a key support. im going long for a 61.8.retracement and trade a couple pips of bullish momentum. my sl and targets are there. might go up for a second target at a 61.8 of the bearish leg
hello traders. i hope everyone is enjoying their weekend. i have here a pattern i had spotted on GBPJPY whch shows to be a good reversal zone. bat pattern completion D point is above current market though so i am expecting one more slight push up before a drop down. d point falls into fibonacci confluence at different points of the bigger downtrend and there is a...
looking at monthly charts of eurusd i had seen a bat pattern very long ago that i had charted out but looking more into it i noticed another pattern, a perfect 61.8% ABCD pattern that the market has reacted very nicely to at the PRZ with oversold RSI and a break in the RSI bear trend on weekly time frames. RSI is showing bullish divergence at ABCD pattern...
gbpaud had a fakeout earlier today from its weekly bullish trendline support. my entry was hit for a trend continuation on this fakeout right up into next level resistance.just an idea i wanted to give everybody and something to look at.
we have a strong overall bear trending nzd that has just reached a fibonacci failure point after hitting a 61.8% target for the gartlety pattern it formed in the recent days.those of you with a good eye for patterns will see it right away. i am expecting nzd to make another impulse leg down and continue its bear trend now that we have one again run into our weekly...
here we have a very nice pattern on oil that was formed on the 28th and had an initial reaction. the market then proceeded to find previous structure resistance at a specific level when the pattern completed. now we find ourselves in a very profitable position to place a short since we have some bearish divergence that started at the completion of the pattern. and...
this pair has just completed a pattern ive been waiting for and I am expecting some bullish momentum to form. I will leave It up to you to determine where you want your stops but tp is a 38.2% and 61.8%. I marked them off with a green ray for those of you who wanted them now
aussie dollar long setup. nothing fancy. plain, simple and to the point. aussie has been climbing its way up and just found support. perfect for a long setup on this uptrend. target: 0.71320 sl: 0.70680
support found on eurusd. im taking a long position into the next zone for my target 1 and looking into the main resistance for a second target. good luck! stop loss: 1.08080 take profit: 1.09130
looking at my charts of USDCAD i noticed a very nice AB=CD with ideal retracements that when matched made a very powerful reversal zone which the market immediately responded to throughout the week giving us a strong bear print candle and a great oportunity to short this pair. anybody who trades harmonics be ready to hold on to this pair for the next couple of...
traders we got a very nice breakout on the beartrend that lasted so long. everyone who took shorts on that ride down made a very nice amount of pips. i had predicted its retracement zone by looking at my weekly charts around the 163.9195 and precisely there the market reversed and broke out to the upside. we have a perfect oportunity for longs next week so...
usdjpy is in a strong downtrend that can be going into correction anytime soon since we are about to reach a major support zone, but looking at smaller time frames, on the 4 hour chart we have a breakout and retest of structure. looking for shorts after a strong bear candle with sell stops a couple of pips under. i would get out the trade using heiken ashi charts...
analizing the cross i had spotted a ab=cd pattern last night with .618 retracement and a 1.618 extension. the pattern formed a triangle at D point on lower time frames and has gone back for a retest. taking a long with targets at 1/3 of ab=cd pattern and target 2 at 50% retracent falling into the trendline with fibonacci confluency