barry_fxtrader

barry_fxtrader

GBPJPY possible Long scenario Fib extensions plotted New high since July 2016 Retest of current previous highs Likely to continue with current up move Good RR if risk is managed correctly Higher lows since July 2016 on a daily/weekly time frame Swing trade opportunity

barry_fxtrader

Currently sitting at support with descending triangle and RSI divergence

barry_fxtrader

Simple structure trade at 38.2% retracement

barry_fxtrader

Butterfly with bearish evening star formation at completion of harmonic move

barry_fxtrader

As you can see a 4 hour harmonic pattern. Decent risk reward. I would recommend a smaller position given my personal bearish outlook overall for this pair

barry_fxtrader

This isn't a perfect gartley but as we all know, the markets don't always provide clear easy to recognise patterns. There is a great risk to reward profile for this trade and for my criteria it fits the bill for a long position. I am initially only going in at 1 standard lot but will look to add as and when price continues to the upside. If the pattern doesn't...

barry_fxtrader

Simple pattern trade here for a possible short position on this pair. Trade would be based on opening price action Sunday night. R/R around 1:2 which fits my criteria.

barry_fxtrader

As per my previous post I will be aiming for a cover at approximately 0.40. Fading volume follwed by Price Action is leading me to believe this can drop. Happy trading

barry_fxtrader

$REN I will be looking to short depending on Price action at the open. The stock is a previous runner where it managed to almost get to 9.00. However, following four days of solid volume with massive gains, the chart looks over extended and had fading volume. I will look to enter on the open or possibly into the late afternoon to hold over the weekend depending...

barry_fxtrader

$CDTI rose sharply following a Gap Up over the previous few days due to good fundamentals and a contract win with Honda. However, the chart was over extended and volume started fading into the close on the 12th of July so I shorted on the first red day with one of my brokers who had shares to short. I anticipate that this will follow through to 0.50 (and...

barry_fxtrader

As you can see there is a potential short scenario present on AUDNZD daily and weekly time frames. If price on the daily can maintain a close below 1.0430 there is a high possibility that this pair could make its way all the way down to 1.0000 (Parity) as a previous weekly/monthly structure level. Be cautious however if price starts to break to the upside. Happy...

barry_fxtrader

Here is simple trend continuation analysis on GBPCAD. Dependent on P.A. at the trend line we could look for a valid entry point and candlestick formation. If however, P.A. breaks above the descending trend line price could rally all the way up to 1.8550. Either way there is a lot of pips here to bag. Targets are bases on simple fibonacci levels and trend...

barry_fxtrader

As you can see I have highlighted potential long and short scenarios. It depends entirely on price action when price moves towards the trend line. Overall I am bullish on this pair but its worth keeping an eye out for price action below the ascending trend line.

barry_fxtrader

So I know there are a lot of people jumping on the bandwagon for AUDUSD Shorts but as you can see that Aussie broke below the daily/4 hourly triangle and is retesting. This is also confluent with important fib levels. As you can also see there is RSI Divergence on the 4 hour chart. This is used additional confluence. I would have stops above 0.7250 and targets...

barry_fxtrader

Here we have some very simple USDJPY analysis. I have a bearish bias on this pair however due to price sitting at around support currently I have provided a long scenario target. As we can see from the analysis USDJPY has successfully broken below what was a Major Monthly Ascending Trendline. The short term trend is also bearish on this pair. Taking all this...

barry_fxtrader

A simple trend continuation trade with a great risk reward profile. Additional confluence added where price capped at the 76.4 fib retracement along with structure and daily fib levels. Trade safe

barry_fxtrader

As you can see from the on screen targets. EURSUD is lining up for a potential long at the break of the falling/descending wedge. I would wait for the break along with bullish candlestick confirmation before executing a long position. This is a valid set up and confluent with previous structure and fibonacci levels.

barry_fxtrader

Here is some simple break-retest analysis. I would like to see a retest of the bottom trendline and further bearish confirmation for a short position on this pair. Confluence added to the analysis with a fibnoacci retracement of around 61.8 - 76.4%. Risk reward will be 3:1 on this trade if it retraces the correct amount.