On completion of this 15M cypher we’ll short around 0.7555 with stops at 0.7570 and first and second targets at 0.7544 and 0.7536
If the cypher completes. We enter on the yellow horizontal ray. First targets at green and second targets at the end of our position
We’ve been filled on our limit orders. If you missed the prediction you can still open the position
Monday’s prediction has finally set us up for the Short. 20 pip SL with targets to the bottom of the channel!!
No shorting this pair. We could bounce back down from this resistance but we only looking for long trades. If we break out the top we’ll buy the retracement to the last level of structure.
If we go back up to test D we’ll short. If we break and close below the trend line we’ll short. Targets are marked on the chart
We have a nice cypher completing its last impulse leg C-D where we’ll set Sell Limit Orders with our stops entries and targets marked on the chart
We seeing a positive bounce from this support, according to my trading plan I’ll wait for a break and close above the trend line on the 1H chart for the entry
Set your stop entries just below the double top around the 1.4618 area Stops around the swing high at the 1.464 area And targets around the 1.457 area. If we continue higher for an even better risk reward we set entries at the 1.464 area
We’re in for first targets higher at 0.8500 This entry is aggressive with price expect to break to the topside of the triangle our targets set at previous higher time frame structure
As the consolidation seems to continue An easy entry with a fair risk reward of 1:1,23
Double bottom followed by a bullish flag. Those are strong Long signals so we’ll be aggressive with this entry and buy on the next oversold condition (Stochastic Oscillator) on the 1H chart
It’s always better to enter on your predictions. With that being said we’ll miss the current long entry and we’ll wait on completion of this Cypher patter for the short entry. Limit orders, stops and 1st + 2nd targets are marked on the chart.
Price has been struggling to make it to the top of the higher time frame range so we’ll be looking to Short this pair either on the break above the triangle we’ll trade the bounce down and if we break below we’ll trade the retracement back to previous support (will be resistance)
The real meat of this pair will be on the short position if we bounce off the trend line we’re sitting on. If we break below now, we’ll wait for the retracement and enter on that touch.
We were looking for a short entry but the work has just been made a bit easier after finding this bat harmonic pattern on the 1H chart. So we’ll place our limit entries around the .690 area and our stops 10 pips above our XA impulse our targets are still far below in accordance with our higher time frame move giving is a stellar risk reward of about 1:4
If you missed our initial entry, we’ve been filled with our first targets. Here’s our second entry short still heading for second targets