Hi there! Here we have a nice very BIG bullish cypher Pattern completion. For those of you who got into the trade very late like myself then this will be a nice RISK:REWARD situation right here. Good Trading!
In the last 12 months, #CAR (Avis Budget Group) has lost more than half of its value. Since Jan 2016, the stock has ranged between 22 - 30 USD. Now the stock touched the 30 USD upper price level after it has increased with 25% in the last two weeks. Time for a short pull back before continuing the uptrend.
Euronav #EURN is ranging between 9.50 USD and 11 USD. Currently we are close to the support zone and might want to long from here.
Although I am not actively trading OIL this is a very interesting chart. From the lows we rallied right into the 50 Dollar area, almost doubled the price since February. The magenta arrows show the impulse legs. So we are right into the last start of the impulse leg from the recent downtrend. Based on the AB=CD we could predict, that the market will give us at...
Two back-to-back advanced pattern trading opportunity on GBPUSD 4hr. Great R:R on the bigger pattern (a little more than 2:1 to T1) and at least a 1:1 to first target for the smaller pattern. If the smaller pattern completes first, the bigger one will still be valid after T1 and T2 have been achieved (unless price violates "X"). However, if the bigger pattern...
Update on NZDUSD: Coming right into previous resistance which is typically a good way to look for a shorting opportunity. In this case the market gives us a bearish bat pattern at the 88,6 %Retracement from X-A. Moreover the Completion point D lines up perfectly with the 61,8 % Retracment from Swing High to Swing Low. Targets and Stops as shown on the chart. ...
Hey Trader, We have a bullish Cypher pattern forming here on USDJPY with D leg completion at 109.130. I am currently in the process of back testing Cypher, Gartley and Bat patterns with the intention of adding at least one of these strategies to my current trading repertoire. Only take trades if they meet you pre-determined trading requirements and trade plan....
Diamond Offshore Drilling broke down the 24 USD level in July and since then the stock has tried to break through this level on the upside for 5 times. However the level proved to be strong resistance. Now the stock is testing this level for the 6th time and there seems to be more strength to the upside. Current risky setup where the stock bounced off the 50 daily...
Late September 2015, #HUN gapped down through the 14 USD level. The stock has tested this level a couple of times and it acted as a strong resistance. In April 2015, #HUN bullishly breached resistance for the first time and now #HUN is dropping lower and testing back the key 14 USD level. Will it hold as support this time? Price is testing the 50 day moving...
Just wanted to give an idea for possible trend continuation trades, All rules are on the chart. All the best. Felix Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
USDJPy has pushed through horizontal level @ 109.68 to now test strong daily trend line currently seeing indecision. if price can break below 109.85 showing strong continuation... looking to take short a position with stops at previous 8 hour candle high 110.48 1:2 targets
Went overbought on EURJPY this morning prior to London open. Formed a nice cypher pattern which completed at 122.76 Every pip above this you will get a better risk reward, Stops and Targets as shown. Targets are the 38,2 and 61,8 % Retracment of C-D leg. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Pound had a huge run up. Looking to take a power move short 1:1 Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line. Fib retracement from the last big move up. TP is just above the 0.618 FIB level. Will monitor, may TP at .5 if no strong momentum to push through. SL above key 1.95...
Here are two possible scenarios: If the price "respect" the trendline and the support it's a BUY. If it breaks the trendline it's a Sell. Either way we have a nice Risk/Reward ratio! You can follow other indexes (such as DAX and S&P 500) as they are with a strong correlation this days. Please leave your thoughts on the comments!
The pair is continuing to stairstep its way up. The moves up and down are now equal in lenght both up and down. Looking to get long at 0.6852 with a 50pip stoploss. Going for a full lenght move once more, with target at 0.7150 Very nice risk to reward ratio (1 : 5.8 RvR)
After a powerful bullish trend the FX:NZDUSD shows a nice indecision candle on top of a resistance area. From the price action point of view this usually means that the bullish power might be transitioning to the bearish side. What do i do? I executed a pending order below the low of the indecision candle to go short. As always i keep my Risk/Reward a 1:2 ...
Now this set up missed my entry by about 10 pips in the middle of the night. I'm hoping we see a pull back to my entry as there's quite a bit of confluence on this trade. Price has broken key support and structure, so we should see moves to the down side. At the moment we are pulling back to the key level of structure which lines up with the 38.2 Fibonacci...