joelduque

joelduque Updated 

There is a possible bearish bat for NZDUSD. I am looking for a bearish bias at the potential reversal zone starting at 0.69717 and sell with confirmation. Stop loss is just above point X while take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. If the trade setup remains valid, then I will post the specific details....

joelduque

AUDUSD has been on a downtrend and there is a bearish Gartley, a trend continuation pattern for this currency pair. Price entry is guided by a red candle engulfing the bodies of the 2 candlesticks before it. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. The stop loss has the same number of pips as TP1 by...

joelduque

There is a bullish butterfly for EURUSD. Price entry is guided by a bullish red pin bar at the potential reversal zone. It is recommended to enter by placing a buy stop at at 1.17287 which is the high of the candlestick prior to that pin bar which would serve as our confirmation of the rejection of the continued downtrend. Stop loss is just below the point X while...

joelduque Updated 

There is a double bottom for AUDUSD. Price broke out of the neckline to the upside and formed a new swing high. As such, I am placing an aggressive buy limit order at 0.74856 which is the 61.8 Fibonacci retracement from the right bottom to the swing high. Stop loss is just below the lower (right) bottom while the take profit target is at the swing high. I will...

joelduque Updated 

GBPAUD has broken from the support of the long term uptrending diagonal channel (which started around November 8, 2017). There is a descending triangle for this currency pair which is in confluence with my bearish bias. As such, I am waiting for a candlestick to break and close below the horizontal support at 1.79152. Stop loss will be based on ATR x 2 while the...

joelduque Updated 

This is actually an update to a previous post regarding a bullish bat on NZDUSD H4 (). The condition of a candle breaking and closing above the resistance of the downtrending diagonal channel has been met with a candle close of 0.69222. The long bias of the bullish bat is in confluence with a trend reversal setup with a double bottom (H1) which I will discuss...

joelduque Updated 

There is a bullish bat for NZDUSD. Long term, price is still in a downtrend with the resistance and support of the diagonal channel being respected. However, there is a short term uptrend which is developing. I am looking to go long once there is a candle breaking and closing above the diagonal resistance of the downtrending channel. Long term profit targets are...

joelduque

There is a bearish cypher for AUDCAD. Price entry at 1.01760 is guided by a red candlestick closing lower than the body of the green bearish pin bar before it. Take profit targets are set the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss has the same number of pips as TP1 by default. Trade Setup: Bearish Cypher Price Entry 1.01760 SL 1.03627...

joelduque

There is a bearish cypher for GBPAUD. This is in confluence with the bearish bias of two pin bars. Price entry is guided by the close of the 2nd pin bar. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss has the same number of pips as TP1. Trade Setup: Bearish Cypher Price Entry 1.78572 SL 1.78912 | SL...

joelduque

There is a bullish cypher for GBPAUD. Price entry at 1.77025 is guided by a green candlestick breaking and closing above the downtrending diagonal channel. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss has the same number of pips as TP1 by default. Trade Setup: Bullish Cypher Price Entry 1.77025 SL 1.76438...

joelduque

There is a bearish bat for GBPNZD. Price entry at 1.96597 is guided by a close of a red candlestick which engulfed the bodies of the 4 previous ones. Stop loss is just above point X while take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Trade Setup: Bearish Bat Price Entry 1.96597 SL 1.97638 | SL...

joelduque

USDCHF has been on an uptrend since February 16. I see a descending triangle and there is a red candle breaking and closing below the horizontal support. Price entry is guided by the candle close at 0.99856. Stop loss is based on ATR x 2 while the take profit level has the same number of pips by default. Trade Setup: Trend Reversal Price Entry 0.99856 SL 1.00156...

joelduque

There is a bearish butterfly for GBPJPY. Price entry at 153.255 is guided by the close of a red candlestick which completely engulfed the bodies of the 4 previous ones. Stop loss is just above point D while take profit levels are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD. Trade Setup: Bearish Butterfly Price Entry 153.255 SL 153.898 | SL...

joelduque

There is a bullish bat which completed for AUDNZD. Price entry at 105.536 is guided by a candle breaking and closing above the resistance of the downtrending diagonal channel. Also the same candle engulfed the bodies of the 3 previous candlesticks. Stop loss is just below point X while profit taking levels are set at the 38.2 and 61.8 Fibonacci retracement of leg...

joelduque

There is a bullish AB=CD which formed for AUDNZD. Price entry at 1.05382 is guided by a candle breaking and closing above the resistance of the diagonal downtrending channel. Stop loss is just below point D and profit taking targets are at the 38.2, 50.0, and 61.8 Fibonacci retracement of leg AD. Trade Setup: Bullish AB=CD Price Entry 1.05382 SL 1.04830 | SL...

joelduque

There is a bearish bat which completed for CHFJPY. I am looking for a break of the neckline of the double top and place an aggressive sell limit at the 61.8 Fibonacci retracement of the swing low of the retest candle to the swing low of the break of the neckline. Likewise, I want to see a candle breaking and closing below the diagonal support of the uptrending...

joelduque

NZDCAD has been on a strong downtrend since the candle break and close below the support of the diagonal uptrending channel (March 28, D1 timeframe). As I am currently unable to see a trend reversal setup, I maintain my bearish bias for this currency pair. With the recent pullback to the upside, we have a point C which allows us to project a point D of a bearish...

joelduque

A bearish cypher has formed for GBPUSD. Price entry at 1.41484 is guided by a close of a red candlestick which completely engulfed the bodies of the previous 7 candlesticks. Take profit targets are at the 38.2 and 61.8 Fibonacci retracement of the CD leg. Stop loss is set at the same number of pips as TP1. Trade Setup: Bearish Cypher Price Entry...