Preet_Bhamra

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So Long As You Stick To Your Plan, You Will Succeed!
Markets Allocation
88 % forex 13 % other
Top Mentioned Symbols
GBPJPY 37% | 3 EURUSD 12% | 1 AUDUSD 12% | 1 USDCAD 12% | 1
Preet_Bhamra Preet_Bhamra USDCAD, 60, Long ,
USDCAD: Bullish Bat pattern nearing completion for USDCAD on hourly
9 0 0
USDCAD, 60 Long
Bullish Bat pattern nearing completion for USDCAD on hourly

Target 1: 1.24900 Target 2: 1.25270 SL: 1.24127 (ATR Based Stop)

Preet_Bhamra Preet_Bhamra EURNZD, D, Short ,
EURNZD: Bearish head and shoulders completion for EURNZD
24 0 0
EURNZD, D Short
Bearish head and shoulders completion for EURNZD

Head and shoulders got completed and the outside return has rallied to retest the neckline of the head and shoulders. This is a great opportunity to short the market when it opens and shoot for targets back down at the support level.If you wish to shoot for extended targets, a good area is around 1.65350s, but I would only shoot for these targets should price ...

Preet_Bhamra Preet_Bhamra GBPJPY, 60, Short ,
GBPJPY: Double Top at minor resistance sets up a potential GBPJPY short
119 2 2
GBPJPY, 60 Short
Double Top at minor resistance sets up a potential GBPJPY short

Markets have closed after setting up a double top at previous structure resistance. This has set up a good risk to reward ratio should price produce a move down to the support level. Market is at resistance; market has put in a double top; RSI is showing bearish divergence; a few signs pointing down. I will be shorting when market opens.

Preet_Bhamra Preet_Bhamra AUDUSD, 240, Short ,
AUDUSD: A high score short opportunity on AUDUSD 4H chart
14 0 0
AUDUSD, 240 Short
A high score short opportunity on AUDUSD 4H chart

From analysis, there is an ascending channel pattern formed along with bearish RSI divergence. Good indication that the market is running out of steam and bears could take over soon. On top of this, we have a cypher completion aswell. Price has come up to test previous resistance level. We can shoot for the 38.2% retracement for targets and place a stop loss ...

Preet_Bhamra Preet_Bhamra XAUUSD, D, Short ,
XAUUSD: Bearish Cypher completion for Gold at 1335 on the daily
38 0 0
XAUUSD, D Short
Bearish Cypher completion for Gold at 1335 on the daily

T1s at 0.382 retracement: 1299 T2s at 0.618 retracement: 1276 Stop Loss at 1367 Nearly 2:1 Risk to Reward

Preet_Bhamra Preet_Bhamra GBPJPY, 60, Short ,
GBPJPY: GBPJPY short opportunity at resistance level 153.250
37 0 1
GBPJPY, 60 Short
GBPJPY short opportunity at resistance level 153.250

Look at all the fib confluence at the resistance level. We can look to enter short within this point in the market. Market just broke and closed above previous structure resistance which indicates a further move to the upside. Next level to look for is within that red zone at which we can look for a short entry. Stops would be placed above 153.400 even handle and ...

Preet_Bhamra Preet_Bhamra GBPJPY, 60, Short ,
GBPJPY: Potential aggressive Bearish Head and Shoulders Entry for GBPJPY
153 0 4
GBPJPY, 60 Short
Potential aggressive Bearish Head and Shoulders Entry for GBPJPY

We could look to enter short at a 61.8 fib retracement of the latest outside return, which would be an aggressive head and shoulders short entry. We would set targets at the retest of the neckline and could shoot for extended targets at 151.350s due to fib confluence, and a harmonic move down from previous impulse leg. A good safe stop loss would be set above the ...

Preet_Bhamra Preet_Bhamra EURUSD, 15, Short ,
EURUSD: Potential Cypher for EURUSD on 15M chart
33 0 1
EURUSD, 15 Short
Potential Cypher for EURUSD on 15M chart

Potential short entry due to cypher completion at 1.20500 even handle. Go for targets at 1.20323 38.2% retracement and place stops above X leg at 1.20677. Exact 1:1 Risk to Reward ratio.

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