Equilibrium has been established and we can see our first fakeout has happened with a bullish engulfing candle at todays close,
we will take this long until equilibrium is reached, we could yet see a second fakeout before the trend reverses.
Be patient, all my trades take anywhere between 3-30 days to complete, drawdown will present no problems with my system...
Here we can clearly see a second fakeout above previous highs,
Entry point was Daily close on January 2nd (Strong bearish reversal pattern)
We will look to close position when price reaches our equilibrium level (yellow line)
There will be perfect opportunities this week to short this pair
Be patient, my trades can take anywhere between 3 - 30 days to...
Another pair we could be too late on,
Fakeout above previous highs,
30th December presented a perfect bearish engulfing candle
fine has fell through very nicely since, we would hope to see a pullback over the next week or two to enter at a nice risk reward ratio
Be patient, my trades can take anywhere between 3 - 30 days to complete, we are trading high...
A trickier one to work out here, price has show us a fakeout and our first signal on 4th December although this trade wasn't valid (Risk/Reward ratio lower than 1:1) price has since created a secondary fakeout with our second signal on 31st December in the form of a bullish engulfing candle.
Price is currently at a perfect point for a trade!
Be patient, my...
Eur cad is proving to be stubborn here,
a perfect example of a long term consolidating trade, entry was October 2nd after the pairs secondary fakeout it looked as though equilibrium was going to be reached through November before consolidation hit us again, perfect opportunities are present to long this pair on a fib retracement of 78.6 or 88.6
if the bearish...
Maybe too late for entry here guys, patience is key with GBP pairs and we may look to enter if price consolidates around the 61.8 and doesn't fall through without another small pullback , a clear fakeout and return to equilibrium has now been established.
If price continues its downward cycle and continues to respect the 61.8 fib retracement we will not look to...
Price has faked out above previous highs and is looking to return to equilibrium,
Perfect opportunities for entries on 30th December daily candle close and again on 03 January daily candle close (both perfect bearish engulfing candles)
This pair will present perfect opportunities this week to short maybe even market open!
Be patient, my trades can take...
