USDJPY: On 15 minutes chart, we have potential Bearish Bat Pattern. Confluence: Bat Pattern, trendline, resistance, 50% Fibonacci retracement, bearish trend. ENTRY: 119.571 TP1: 119.271 TP2: 119.092 SL: 119.825
There's a potential cypher looking to complete around132.34. if it turns on a dime initial targets are: TP1 around 132.170 TP2 around 132.065 Stops above X around 132.49
Bear Cypher pattern is forming on USDCAD 15 mins chart Sell at 1.3967 with stop at 1.3993 First target at 1.3944 and second target at 1.3930
Bull Gartley pattern is forming on 15 mins chart on EURUSD Buy at 1.0993 with stop at 1.0975 First target at 1.1017 and second target at 1.1032
Bull Bat pattern is forming on 15 mins chart for USDCAD Buy at 1.3686 with stop at 1.3667 First target at 1.3713 and second target at 1.3731
This is easier seen on the 5min chart. The S&P 500 has put in an Inverse Head & Shoulders Pattern. This is a reversal pattern. Look to buy the Neckline or the Breakout (shown on chart). Look for Targets around Gap fill.
Bear Cypher pattern is forming on USDCAD 15 mins chart Sell at 1.3585 with stop at 1.3615 First target at 1.3559 and second target at 1.3543
I will be taking this trade on the 5 MIN CHART. I will wait for a break and close out of the balance area for entry. Stops will go 1 ATR behind the Breakout Bar. Targets are shown on the Chart. Expecting for it to breakdown for a pullback on the Higher Time Frame
After the Major spike in EURUSD last week, it's starting to pullback in a Bull Flag fashion. This usually means a breakout in the direction of current Momentum, in this case Bullish. Price is also working on completing an ABCD Pattern on the 30 min Chart. Zooming in on a Lower Time Frame (LTF) I can see that it's in a small Balance Area. I will look to be trading...
USDJPY Breakout/Breakdown opportunity on either the 5/15 min chart. I will be taking the this trade on the 5 min chart with a BREAK & CLOSE out of Balance Area. Stops & Targets are shown on the chart. Bearish Div RSI.
EURUSD has been in Consolidation this morning. I'm looking for a Break & Close out of the Balance Area in EITHER direction. The Break & Close is my Entry Trigger. Stops go 1 ATR Above/Below Breakout Bar. Targets are shown on the Chart. I'm not sure how much Momentum we will get on the EURUSD today with this being Thanksgiving Week here in the US and Momentum is...
Bull bat pattern is forming on USDCAD 15 mins chart Buy at 1.3330 with stop at 1.3317 First target at 1.3347 and second target at 1.3358
EURUSD made a move down in the Asia Session and is now setting up a bear flag. I will only trade this to the downside. I will need to wait for a Break & Close out of the Flag before selling. Target #1 is the measure move of the flag's channel (Yellow Line). Target #2 is up to you. I use the next major Fib level for my Target #2's but some people like to use the...
Price broke out. We have new structure highs and higher lows. I'm looking for price to retrace back to the structure level around 80.20's. There is a potential Bull Bat forming at that level. Wait for a solid buy signal on this trade though. Price formed a bearish double top on the 240 min chart. Looking to go long 80.25, stops just below our outside return,...
Nov 3 2015: BEARISH EURUSD 15 Min. Sell channel top. Buy support (Analysis Based on 15 min chart) Observations 1. Long term down channel 2. Short term down channel 3. Price at support 4. 15Min RSI oversold at swing low NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
Nov 2 2015: BEARISH EURUSD 15 Min. Gartley completion in kill zone (Analysis Based on 15 min chart) Observations 1. Long term down trend 2. Price at resistance 3. 15Min RSI overbought at swing high 4. Bearish gartley completing in kill zone NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the...
We had huge move down Thursday and Friday. I'm looking for a short continuation trade off the spike and channel .382 fib retracement at 1.1052 down to the 1.1000 level and a possible follow on target at the 1.272 ext at 1.0980. I would wait for price to test the 1.1052 level before going short. If price breaks through that level there are a couple of nice levels...
Almost a completed Gartley pattern on GBPAUD, when it hits point D. SL and TP's are in the chart. Move the SL of TP2 to breakeven, when TP1 is hit.