The GBPUSD has been a in long term down trend. Here we have a descending wedge so probably the prive will want to bounce of the last level of the wedge which retests the resistance. However the structure outlined with blue line has a lot of potential selling power because it was recongnised by the market in the past. Because of the general downtrend bias the...
Hi there, Recently just placed my sell limit order arround Chyper Pattern Completion level. It's nice to see all the important levels (Entry, Stop & Target) of my Chypher was arround important psy. number and market recent support and resistance level. Hope this one helps you in making your trading decision. , Regards, Fedro
Hi all, There is currently a Cypher Pattern Long @ Market on GBPJPY 15M/60M. Quite a large pattern so stops are big, make sure it meets your risk reward profile and all your trade plan rules. Stops below X Target 1 currently @ 161.72 Target 2 currently @ 162.63
Something's setting up. Happy trading! ______________________ DO YOU WANT TO TRADE LIKE A PRO? Contact me for trade signals: InsideMarketFX@gmail.com / Skype: @insidemarket168
WXY or WXYZ 2.8 RR Should be fast moving trade.
Short term wedge looking to close soon , sell or buy the break .keep an eye on 'R1' & 'P' pivots I'm Bearish on the pair and think it will break down some support clustered around 113.50 - 113.00 Trade it as you will
It is expected a resume of the current downtrend (short-term) and price to test the long term trendline Happy trading!
Inside trading for the masses! Trade Plan : Happy days! WARNING : this trade has already been performed and any further trade plan must be done considering the new reality.
The break of the low bound of the symmetric triangle has confirmed as the 4H candle closed bellow.. waiting for it to retest the resistence area and then going short. good luck!
Looking for potential SHS here, SL and TP as on chart. Lets see if it work out.
USD/JPY retracing back up but due for a leg down & running into Pivot , Thinking a short back down to either -113.075 -112.000 If it continues up 114.70 May hold
As talked about in a previous chart , USD/JPY hasn't stopped falling since it got rejected from a weekly wedge/trend line , This confirmed the pair as longish term Bearish IMO . might be a small correction soon
We have a potential bullish bat completing at 1.3675.
FX:EURUSD completed a Cypher Pattern, and has started to drop for 4 hours. Now EURUSD is experiencing a sideways trend, so we are waiting for a breakout of decrease. Sell at 1.1175 (50% of Fibonacci, XA) TP: 1.1107 (100% of Fibonacci) SL: 1.1244 (0% of Fibonacci)
Since 29 Jan, FX:GBPUSD has experienced a bull trend. It started to rebound at 61.8% level for a while, and then continue increased from 90.0%. It raised to nearly 161.8% and then adjusted to 61.8% again. Now we can entry at 1.4530 (90.0% level of Fibonacci) SL 1.4397 (61.80% level of Fibonacci) TP 1.4667 (127.20% level of Fibonacci)
Trend line support. Overbought territory. Looking for a pullback around 0.7080 Good luck! Entry: 0.7170 SL: 0.72120 TP: 0.7070
Long Trade @ 129.833. Stop at 129.408, 42 pips. Profit at 130.560, 73pips Trade in direction of trend. Risk to Reward is great = 1 : 1.75 Possible RSI divergence upon D leg completion. Can hold the trade longer if you are a trend trader.