Begun looking in to and back testing Flag patterns. Here's one I spotted while doing my usual checks of the charts.
Bottom chart is the 1440 showing us that we're still in a downward trend and have been since the first half of 2019.
Top chart is the 240 showing an initial impulse legs or flag pole, with a nice retracement.
I'd be looking to go short once price...
My hidden emas have crossed and my bullish signal entry has been met
stops below the low
targets 1:1 and 1:3
We are on the back of a small target 1 winner, lets see if we can another winner and potentially target 2 hit.
Trade safe, stick to your plan guys
Previously had my emas crossed
now in a bull flag
We have pierced the extreme of the bollinger, i've been triggered in with a buy stop 5 pips above the high of the pin bar that pierced it
we have just come off the back of a 1:3 winner, lets hope for another,
targets at 1:1 and 1:3
TP 1 1:1
TP 2 1:3
Our special EMAS have already crossed and given us a 2 target winner (+4%), risk 1% per target, we are now looking to long again on an extreme pull back 3 bar reversal
USDJPY LONG, BUT WHY?
HTF - Daily, reached a solid support and resistance level. We didn't quite get a 3 bar reversal, not helpful due to the overnight trading sessions (UK TIME)
We have pulled back into my trigger zone, my rules confirm a bullish trend has formed on the 240 chart
We have a higher high higher close on the 60
This is my final entry for...
On the technical's this looks like a perfect setup for me. However Bearish JPY in the past hour or so means we could get stopped out rather quickly. So on to my setup!
We have Bearish three point moves on the 1D, 4H and 1H.
Price has recently pulled in to my last chance entry zone on the 4H and provided us with a lovely Double Top entry to get...
We have just completed the D leg aggressive entry for a cypher on the GBPUSD.
I am aiming to take target 1 at 1:1 and then leave half position on to hit target 2.
There is a lot of news to come for this pair over the next few days so trade carefully.
We trade pure technicals here.
Price isnt yet at extremes so you may want to wait to see how price reacts at...
Possible breakout bullish trade, If we can break above this channel,
we could wait for a conservative entry, maybe a double bottom if we get a retest of structure on a lower time frame (15) and then look to get long.
This is a trade im looking at testing and wont be entering myself.
Lets see how it plays out
Similar to the idea I posted on the AUDCAD 240. This also looks set to be going short. So two AUD shorts for us next week hopefully.
The trend on this one is shorter lived but could still be a great opportunity to get short. Again I'll be looking for price to pull in to my area of interest and give me a reason to go short.
Entry - Some sort of reversal candle...