okoukonicharles

okoukonicharles

A 'buy' trade idea recently presented itself on the Aussie-Kiwi trading chart, following the bullish harami candlestick pattern at the end of the bearish move just above the 1.09788 daily horizontal support level. This signals a change in trend to the upward direction. With entry at the 1.09791 price level and a stop of 1.09571 (22.0 pips), a reward-to-risk ratio...

okoukonicharles

A 'buy' trade opportunity presented itself on the AUDCHF trading chart, following the bullish pin bar at the end of a bearish run. The pin bar closed above the 0.68214 daily horizontal support level, signalling a rejection of the same level and providing a buying opportunity. An RR of 7.38 is possible if you enter the trade at the 0.68452 price level, with your...

01:37

okoukonicharles

A 'sell' opportunity just presented itself on the euro-loonie trading chart following the bearish inverted pin bar at the end of the bullish run just below the 1.37664 daily horizontal resistance level. If you enter this trade at 1.37482 and put your stop at 1.37787 (about 30.5 pips) and target at 1.35355 (about 212.7 pips), you could be looking at a...

okoukonicharles

The AUDCHF currency pair recently rejected the 0.70766 daily horizontal resistance level (according to the bearish harami candlestick pattern below the level), thereby presenting a 'sell' opportunity. A reward-to-risk ratio of 4.97 is possible as follows: Entry Price: 0.70437. Stop Price: 0.70806 (36.9 PIPS). Target Price: 0.68603 (183.4 PIPS).

okoukonicharles

A short trade opportunity has just presented itself on the GBPNZD trading chart! This is evident from the bearish inverted pin bar candlestick which closes just below the 1.94773 daily horizontal resistance level and signals a rejection of the price level. A stop at 1.95186 (about 45.1 pips) and a target at 1.92400 (about 233.5 pips) could see you in the region...

okoukonicharles

There's a "buy" opportunity as recently shown by the bullish harami candlestick pattern on the 1.21017 daily horizontal support level which signals a fakeout. Your stop could be at the 1.20512 price level and target at 1.23077 to give a 3.08 reward-to-risk ratio.

okoukonicharles

A buy trade opportunity recently presented itself on the CHFJPY trading chart. This is confirmed by the bullish engulfing candlestick pattern just above the 134.650 weekly horizontal resistance level. The level was recently broken by price, followed by a pullback and this idea is actually signalling a continuation of the upward move. With SL at 134.500 (about...

okoukonicharles

Price recently broke above the 164.630 weekly horizontal resistance level. There has also been a pullback and we're probably witnessing a continuation of the upward trend as signalled by the bullish engulfing candlestick pattern slightly above the same resistance level. A good entry price is around 164.964; with stop loss at 164.484 (about 48.0 PIPS) and take...

okoukonicharles

Price recently broke below the 0.82977 daily horizontal support level. There has also been a pullback and we're probably witnessing a continuation of the downward trend as signalled by the bearish harami candlestick pattern slightly below the same support level. A good entry price is around 0.82886; with stop loss at 0.83061 (about 17.5 PIPS) and take profit at...

okoukonicharles

A fakeout just below the 0.67296 daily horizontal support level has presented a long trading opportunity on the NZDUSD chart. Depending on how soon you enter the trade, you could be looking at a reward-to-risk ratio of 3.57 if you set your stop at 0.66995 and your target at 0.68630. Endeavour to check with your own analysis before making any trading...

okoukonicharles

An opportunity in the sell direction just presented itself on the GBPJPY chart: A fakeout is seen just above the 164.630 Weekly Horizontal Resistance Level occasioned by the Bearish Harami Candlestick Pattern. With Stop Loss at 164.998 (about 44.8 PIPS) and Profit Target at 162.640 (about 191.0 PIPS), you could be looking at a Reward-to-Risk Ratio of 4.26. As...

01:27

okoukonicharles

A long trade opportunity has just presented itself on the EURUSD chart with a bullish engulfing candlestick pattern slightly above the 1.08094 Daily Horizontal Support Level. This signals a Rejection of the support level and hence a buy trade; a 5.9 Reward-to-Risk Ratio is possible with a stop at 1.07998 and a target at 1.09523. This is just my idea and not a...

01:39

okoukonicharles

A long trade opportunity recently presented itself on the CADCHF trading chart. This is signalled by a bullish harami candlestick pattern just above the 0.73580 horizontal support level. Depending on when you enter this trade, you could expect a reward-to-risk ratio of 3.73 with SL at 0.73549 and TP at 0.74519

okoukonicharles

There's a short trading opportunity for the CHFJPY currency pair as shown by the fakeout demonstrated by the bearish harami candlestick pattern slightly above the 134.650 horizontal resistance level. A reward-to-risk ratio of 5.51 is possible if you get into the trade early enough; stop loss is at 135.523 and take profit at 129.261.

okoukonicharles

A fakeout (false breakout) signalled by a bearish harami candlestick pattern just above the 125.402 horizontal resistance level has just provided a selling opportunity for the USDJPY currency pair. A reward-to-risk ratio of above 4.00 is possible with stop loss at 126.005 and target at 123.531.