Short on EURNZD 1. Bearish Rising Wedge has formed on the 15-minute chart. 2. Trade can be taken if price hits the entry-level. 3. TP = 1.61045 4. SL = 1.62648 5. Entry Price = 1.62006 6. RR ratio of 1:1.5 will apply on this trade.
USDPKR LONG LONG BIAS DOW THEORY: LONG DIVERGENCE: LONG TREND LINE: LONG PARALLEL CHANNEL: LONG SHORT BIAS CANDLES: SHORT FIBONACCI: SHORT (TGT 0.5) PLAN 1 1. Wait for bullish candles at 215.00 2. If it confirms then take a long position. 3. TP = 226.00 4. SL = Fib 0.5 lvl (210.00). PLAN 2 1. If the trend line breaks at 215.00 then wait for bullish...
Long on BTCUSD 1. Fib Retracement has been respected at multiple levels as shown in yellow highlighted regions. 2. Higher Highs and Higher Lows can be seen which is giving us Bullish Signals. 3. Bullish Engulfing Candle can be seen which is again giving us Bullish Signals. 3. TP = 0.618 level of Fib 4. SL = 0.786 level of Fib
Long on AUDJPY 1. Bearish Falling Wedge has had a false breakout which is giving us a bullish signal which is counter to the usual rising wedge. 2. False breakout can be observed in the highlighted yellow circle. 3. The trend still looks to be moving in a bullish direction. 4. TP = 96.501 (RR 1:1) 5. SL = 89.266
Long on BTCUSD 1. Bullish Flag Breakout has occurred on 1H timeframe. 2. Take profit level is set by the height of the flag pole. 3. TP = 25204.49 4. SL = 22623.36 5. RR ratio of 1:2.48 is in progress.
Short on USDCAD 1. Bearish Rising Wedge has formed on 15 minute chart. 2. Trade can be taken with strong bearish candles. 3. Take profit level has been defined in regards to the previous height of the wedge. 4. TP = 1.27522 5. SL = 1.29023 6. RR ratio of 1:1.9 is in play.
Short on CADCHF 1. Bearish Rising Wedge has formed on the 15-minute chart. 2. Height of the Wedge is used to predict future move. 3. TP = 0.73846 4. SL = 0.74485 5. RR ratio of 1:1.7 is in play.
Long on AUDCAD 1. Bullish Falling Wedge can be seen on the 15M chart with an upward breakout according to the pattern. 2. Fib retracement tool along with the height of the wedge is used to estimate the future height of the move. 3. TP = 0.89309 4. SL = 0.88893 5. RR ratio of 1:0.9 is in play for this trade.
Long on GBPUSD 1. Bullish Falling Wedge is forming on 1H timeframe. 2. Trade can be taken within 12 hours at the break of this structure if strong bullish signals are present. 3. Take profit level is defined by the height of the wedge. 4. TP = 1.23134 5. SL = 1.21434 6. RR ratio of 1:4.8 is in play.
Long on GBPCAD 1. Rectangle Breakout has occurred with a retest of the triangle with a Higher Low. 2. Height of the rectangle is used to project future TP level (Expected Height of the Move). 3. An Up Trend is also in play with price making Higher Highs and Higher Lows while respecting the trend line. 4. TP = 1.58462 5. SL = 1.56026 6. RR ratio of 1:1.3 is in play.
Short on NZDJPY 1. Bearish double top can be seen on 1D scale. 2. Top 1 and Top 2 are approximately at the same price with a slight deviation. 3. Projections of the expected move are drawn from the Height of the up move. 4. TP = 79.470 5. SL = 86.556 6. RR ratio of (LESS THAN) 1:1 is in play.
Short on CADJPY 1. Bearish double top can be seen on 1D scale. 2. Top 1 and Top 2 are approximately at the same price with a slight deviation. 3. Projections of the expected move are drawn from the Height of the up move. 4. TP = 95.606 5. SL = 107.520 6. RR ratio of 1:1 is in play.
Long on AUDJPY 1. Bullish Crab pattern has formed as Point D is lower than point X. 2. Line of support has already been tested before at point E. 3. Trade can be taken once the current candle closes with bullish signals, which will mean the bulls are in charge now. 4. TP1 (0.786 Level) = 92.764 5. TP2 (0.618 Level) = 93.403 6. SL (Below the support line)= 91.295
1. BAT Pattern has formed on a 4H scale. 2. The price is retracing from point D. 3. Higher High has been made. 4. Price bounced from 0.5 level of Fibonacci retracement level perfectly. 5. TP1 = 93.395 6. TP2 = 94.297 7. SL = 92.240
1. BAT Pattern has formed on a 4H scale. 2. The price is retracing from point D. 3. Higher High has been made. 4. Price bounced from 0.5 level of Fibonacci retracement level perfectly. 5. TP1 = 93.395 6. TP2 = 94.297 7. SL = 92.240
BULLISH ABCD PATTERN 1. Strong up trend can be expected. 2. A rejection can be seen at point D. 3. Bullish Candles have started to appear after the conformation of the pattern. 4. A tight TP is set with a take profit level of 139.280. 5. A stop loss level of 103.521 is set. 6. RR ration of 1:3 is taken for this trade.
BEARISH ABCD PATTERN 1. Parallel Channel is showing a downward move. 2. Harmonic ABCD pattern is also giving a bearish signal. 3. TP is set to 0.69534 4. SL is set to 0.70257 5. RR ratio of 1:1 is set for this trade. 6. This is a counter-trend trade so need to be careful of any bullish signs.
A Double Bottom chart pattern has been confirmed on the 4H time scale A RR ratio of 1:1 has been set for this trade. The trend is on the downside because the market was unable to make another HL due to the strong Bearish Engulfing Candle.