TradeWithWayneYia

TradeWithWayneYia Updated 

Large timeframe traders dont miss this! Clean Bearish Bat Harmonics Pattern with good Risk-Reward Ratio (RRR). Saw how the completion area of the Bat Pattern coincide with previous price points (circled in red) which gives this trade setup added probability boost. These are some of the things that I look out for when looking for trade. Patience is the key...

TradeWithWayneYia Updated 

One of my favourite Harmonics Pattern other then the Bat Pattern. I actually took the Bat short last month at completion zone (about 1.1467) for this pair and now Butterfly is presenting another trading opportunity. That is why Harmonics Pattern is so powerful and easy to identify, perfect more traders who are newer to the scene. Look out for price if it goes...

TradeWithWayneYia Updated 

Bullish Bat on this pair. Allow price to drop into the buy area and to proceed with caution! I will wait for more confirmation signals before I take this trade. I see healthy Risk-Reward Ratio (RRR) on this one even at first level of take profit (1 : 1.7). Only look at trade setups with good RRR to ensure long term profitability. Do like and share this post....

TradeWithWayneYia

Wait for price to decline into the buy zone, I am looking to buy around the 78.6-88.6 Fibo retracement. Long term trend upwards, trading with the trend. Entry: 111.218 (est) Stop Loss: 110.573 (-65pips) TP1: 111.939 (+72pips) TP2: 112.633 (+142pips) Risk to Reward: 1:11 (TP1), 1:2 (TP2)  May all of your trades be green and achieve all your financial goals!

TradeWithWayneYia Updated 

Possible Double Top if price retraces back to sell area. Swing Trade, be prepare to hold on to position for several days to 2-3 weeks. Daily and H4 shows established downtrend towards area of retested price, 1.303 range. (Multiple retests make the support level weak) Good structure and proven supply zone. Large profit zone offered, good Risk:Reward For...

TradeWithWayneYia Updated 

On a higher time frame H4 and Daily, price closed above 1.618 extension of last up swing and aiming towards 2 and 2.24 levels. When zoomed into smaller time frame M15, found Ascending Triangle suggesting a possible breakout upwards. More aggressive traders can consider taking trade on the M15 time frame if price closes outside the triangle, Entry: M15 candle...

TradeWithWayneYia Updated 

Wait for Double Top confirmation for quick reversal on price. Price reached Higher time frame selling area. Entry: 110.473 SL: 110.676 T1: 110.273 T2: 109.970 May all of your trades be green and achieve all your financial goals!

TradeWithWayneYia Updated 

Possible Momentum Reversal of the higher time frame established downtrend. Counter trend in nature and only enter upon confirmation. Intraday trade for quick profit only. SL: 108.884 Entry: 109.139 - 109.018 T1: 109.439 T2: 109.742 Move SL to Entry when achieve T1 if trade engaged and moved according to analysis. If price moves to the upside from current...

TradeWithWayneYia

Sharing this one of my favorite setup which met most of my trading rules while doing back testing of the EURUSD. - Price decline strongly and closed below previous low (see movement marked by purple arrows) - Using Fibo retracement tool and I'm only keen in the 38.2, 0.5 and 0.618 for retracement levels - 38.2 Fibo level looks great as it coincides with...