We may see one more small up move, but eventually break and retrace the 50.00 - 61.80 Fibonacci Level.
Selling the Breakout looks good idea!
Only trade this kind of move if You have a strategy for it.
This chart is showing You my view of the market.
Price sell below 1.2900, a significant support level forming a range.
Simple idea.
Buy at bottom of the range and sell at the top.
Only thing to caution is, both top and bottom have 2 touches, so this pattern has less lower probability of working.
1 hourly and 4 hourly are heading toward a strong daily resistance area coupled with a supply area. Although we see the supply area tested many times, it is holding. Overall bearish daily outlook. The 1Hr has broken its steep uptrend, now we just wait for 4Hr trend line break. Once this is confirmed, we will look for the ideal 1hr retracement or breakout trade to...
the trend is downward under an hour suggesting go in short , these lines act as support and resistance will not break the resistance while continuing trend.
mi first trade :)
Hello traders. Learning and developing my skills in FOREX. If i am wrong dont judge me :)
But this is my opinion on 1H time fram With EURGBP . According to Fibs , MACD, RSI and some RES/SUP lines and a little opinion from PSAR trend should go up and Continue with ABCDE patters.
We can set all the cypher patterns and fibs we want, filter all of our information cases built etc.
It cannot get any simpler than this...
This is quite simply put - a "Correction Bubble"
After the consolidation, strong down trend break out. Markey ranged to fix itself which it hit another Down trend.
Since the support now resistance been tested and broken through.
..........Starting to realize if I drew the stop loss backwards.....
VIDEO: www.youtube.com
GARTLEY PATTERN
PAIR: GBP/AUD
TIME-FRAME: 1HR
TRADE: GARTLEY PATTERN
Looking at the AUD/JPY 1 hour and
waiting for a potential Bat Pattern.
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
FACEBOOK: facebook.com
YOUTUBE: www.youtube.com
Potential short term reversal off of descending trendline on nzdusd. Friday momentum can play a factor into pushing this to the upside as traders look to close short positions (buying back their short sells)
BAT PATTERN
PAIR: EUR/JPY
TIME-FRAME: 1HR
TRADE: BAT PATTERN
There's a potential Bat Pattern forming on
the EUR/JPY 1 hour time frame.
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
FACEBOOK: facebook.com
YOUTUBE: www.youtube.com
Good morning traders, Philip here. Hope everyone has had a great holiday
and new year. Let's get back into action to start off 2016.
I have a potential Gartley Pattern here on the USD/JPY 1 Hour time frame.
Orders have been set and we continue our Daily analysis over the pairs.
NOTE: These are potential trade opportunities. Please
re-analyse the...
BAT PATTERN
PAIR: GBP/JPY
TIME-FRAME: 1HR
TRADE: BULLISH BAT PATTERN
We are approaching this bullish bat pattern and
I'm looking for a long entry here at @ 169.700
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
FACEBOOK: facebook.com
YOUTUBE: www.youtube.com
USDCAD: On 1 hour chart, we have Bullish Bat Pattern near trendline. If TP1 hit, then move SL to breakeven.
ENTRY: 1.38273
TP1: 1.38627
TP2: 1.38873
SL: 1.37920
