More of a discretionary idea here as we noticed in the live room this time last year we made quite a bit of money from this pair as we saw the break to the down side following the market coil in December 2015.
We re tested the lows before making new highs.
As you can see this year, the market is moving in almost the same identical pattern.
Break out traders...
I know I usually post Forex ideas but we went through this market in the live room this morning so I thought I would share some of the analysis with guys.
We have test a major level of structure in this market at 1180 but if you are looking for a retest of the lows, then there are a few opportunities here.
A basic trend continuation trade looking for market to...
If you are looking for an entry reason into a trend continuation trade here on the EURJPY then there are a couple at market.
You may have missed the aggressive BAT entry but if you trade the Fib Inversion strategy, market is right on that level now.
I'm predicting a move to test 120.81 on this pair but will be splitting my position in 2 taking some profit off at...
As you can see from the chart, we have this Fib Inversion at market this morning looking for a push down to target 1 at the 618 Retracement.
We are at previous structure support so if i were a trend following trader, I would be mindful of that when considering shooting for any type of extended targets.
There is also a bullish cypher down at 0.7331
Good Luck in...
Seeing as we haven't quite hit previous major structure support yet, there is still some potential profits to be had out of this trend.
If we can get a pull back up into the pink zone on the chart, I can look for my entry reasons which could allow me into this trend continuation set up.
Target 1 at a retest of the low and you could even trail stops to target 2 at...
Going through my pre market analysis this morning and found this Fib inversion Trend continuation trade for you Fib Inversion Traders.
Good Luck in the markets this week and I'll see you in the live room!
Well we know markets are in consolidation 70-80% of the time and we can take advantage of these advanced pattern formations.
As we are seeing the dust settle after the elections, I'm expecting we will see lots of opportunities like this over the next couple of days.
Lets get some profit out of the market.
See you in the live room!
One to look out for in the morning for you Cypher pattern traders.
Looking at 0.7602 for completion.
I wont be setting limit orders during the Asia session but we will be looking at this in tomorrows live room.
see you there.
Before I open the live room this morning, I thought I would share this Cypher formation with you.
Its close to completion so anyone trading cypher patterns would be looking to enter at 136.56
Quite a bit on the radar this morning so ill see you in the room at 8am!
As you can see from the chart, we have two potential patterns setting up here on the EURUSD for those of you who trade advanced patterns.
The first to complete would be the deep Gartley formation at 1.1282. This pattern offers a great reward to risk profile as its a deep pattern.
The cypher completes a little high at 1.1300.
I got short this pair last night at 1.3345
As you can see the market has recently put in this head and shoulders formation and as we break the neck line and push up to test previous structure, a Cypher has formed giving us an aggressive entry (those who trade Cypher Patterns)
Thought I would share this with you in case market gives you a second chance to get...