Early this month I've shared in seminars that GBPUSD is heading towards 1.4630 range. Didn't know what's going to push it higher, could it be - 1. A raise of interest rate, 2. UK decided to throw another referendum after gotten the EU deal and vote result is not to leave the EU or 3. They got a good deal from China and or US and form strong trade relation 4. EU...
Saw this setup which is a trading opportunity in this sideway bounce formation. Pretty neat, producing at 46pips range of market potential.
Engaged a Trend Continuation Trade. Chose to perform a final take profit at 1.3000 due to a completion of a Head & Shoulder formation and it's a Resistance level as well as Price Action Level. EP: 1.2848 ISL: 1.2786(62) TP1: 1.2929(81) TP2: 1.3000(152)
Another Head and Shoulder Formation spotted. Yes, I traded on the right shoulder as it provides better Reward:Risk profile. Short: 105.117 ISL: 105.260(14pips) TP1: 104.940(18pips) TP2: 104.827(29pips)
Spotted inverse head and shoulder on this pair. NZDUSD H4 Potential Inverse Head & Shoulder spotted. If candle on H4 break below and close below 0.7194, trade invalid as well. EP: 0.7204 ISL: 0.7168(36) TP1: 0.7244 (40) TP2: 0.7284(80)
Looking for shorting opportunity, awaiting double top at entry level before looking for shorting entry. Once market hit Target1, will shift SL to Entry.
Long GBPAUD on H1 chart as spotted a probable head and shoulder setup. Having ABCD at 61.8% pull back. Consider this trade as a Counter-Trend Trade as higher time frame on Daily Chart is not creating new highs, therefore I'm not shooting for an extended target.
Got to know a wonderful lady today and we have quite a discussion on AUDSGD. Confession to that, I've never looked at this pair in the past 13yrs of my trading journey. But a chart is a chart, this is my analysis. As long as the market didn't break above and close above 1.0600, I see that the first bearish move will hit 1.0144 and the final target for this move...
Looking to short after higher-low is formed, look left to check on the structure for confirmation. Buy Limit: 1.2510 ISL: 1.2488(22) TP1: 1.2547(37) TP2: 1.2570(60) TP3: 1.2586(76)
$57.28 is a critical resistance to WTI. There are reports seeing it to reach $80 by end of this year. This is not what I see unless there is a breakout of War by end of this year. Finger-crossed. OR OPEC step in for more drastic measures to limit the oil barrel export. #WorldPeace
Looking for shorting opportunity. 2 small profit level is partial profit level on M15 and final take profit level on Daily Chart perspective.
Counter-Trend Trade, final take profit level will also be the level I look for long opportunity.
Plan to short AUDUSD after it has retraced back to 0.7763-0.7768. Traders can plan for an extended target if you are looking at a lower level. As it is a bearish trend and October is a trending market to me, I will not be engaging the counter trade for this. However, counter-trend trader can wait for a retest at 0.7690 for a potential counter-trend trade. You...
USDCAD, D1 Awaiting for market to hit 1.2780 as strong resistance spotted at that level. Aggressive Trader can plan for a short trade to 1.2450. At 1.2450 Aggressive Trader can plan for a Long Trade as a probable Head & Shoulder may developed from here. Only when the price hits 1.2780 once again, it completes the Head & Shoulder Formation. Price Target will then...
Prepare for a short opportunity once trade hit final take profit level. EP: 0.6966 ISL: 0.6946 TP1: 0.6984 FTP: 0.7010
Descending Triangle Spotted at M15 chart, overall trend is Bullish, A counter-trend trade is tested on a higher-high timeframe but previous high is not violated. Could form a double top. Counter-Trend Trade Entry Price: 1.1573 Stop Loss: 1.1611 TP0: 1.1557(shift stop loss to entry price) TP1: 1.1536 TP2: 1.1440
Potential Short Opportunity EP: 88.90 SL: 89.10 Target1: 88.60 Target2: 88.45 Target3: 88.25 Condition: Trade invalids when it hit below 88.48 before reaching 88.90. At 87.80-88.23 market has the potential turn and reverse its bullish trend.
Found a way to engage, in fact already shorted, not enough time to do up the analysis. I shorted at 61.8% retracement and already has placed my stop-loss at entry. Don't hurry to enter this trade ya. There's a chance that it may hit 1.1842-1.1846, it will even be better to short at that price. SL and targets remain unchanged. Wishing you many pips in return.