The S&P500 shows a nice reversal head and shoulders formation on the chart. The S&P is moving in an uptrend for the last days and weeks. I think this formation shows good that the trend will continue after a pullback. The neckline of this formation is also at the 38.2 fib level of the last upside move. So I expect a short term price fall back to 2083 +/-. And...
JUNE PROMO: www.StarProsper.com PAIR: AUD/JPY TIME-FRAME: 1HR TRADE: CTS Looking at taking a Short position on AUD/JPY - waiting for a DT (LTF) for our ROE to be met. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: ...
Possible plays on EURUSD from Monday to NON-FARM Payroll Friday. I'm expecting that it will bounce off the daily trendline around 1.108 levels in the later week and buyers will take over during NFP release.
I missed my original entry last week on this trade. Now I'm hoping the market will be kind to me and put in a Double Bottom around the 2.0277 Support Level. The Bat Pattern has already hit Target #1... So don't buy it based on the Bat because that trade is already over. IF, market Double Bottoms there: THEN, I will buy next bar market. Stops - Below...
uptrend is ending for the hour high are being tested the stochastic is also confirming my decision.
A high probability long trade opportunity may arise if the close of this 1 hour candle lands near the lower red and blue lines from the pitchforks. Initial target will be the median line of the blue pitchfork.
PAIR: NZD/JPY TIME-FRAME: 1HR TRADE: POTENTIAL PATTERN SETUPS Found 2 Potential Patterns setting up on NZD/JPY 1HR / 4HR time frame. Let's keep an eye on these 2. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: ...
GBPUSD ran into some Hefty Resistance on May 3. It appeared it was going to Break it and keep running. Instead it ended up being a failed breakout and is failing at the Yearly highs. On the 60min chart we have broken support which signifies the short term trend is now bearish. As a Trend Trader I will be looking to sell rallies back into Resistance. When I was...
Buy at .6858 with stop at .6832 First target at .6876 and second target at .6889
Sell at 123.34 with stop at 123.83 First target at 122.72 and second target at 122.34
POTENTIAL PATTERNS PAIR: EUR/JPY TIME-FRAME: 1HR TRADE: PATTERN SETUPS Good morning traders. Having a look on the EUR/JPY pair 1HR time frame today, we've identified some potential pattern opportunities that we may be able to trade. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star...
Gold is in a flag pattern as seen on chart. Buy at breakout and then we will look to sell after it reaches the 1270-1280 zone.1280zone.
Price just broke the trendline and is expected to go further up before retracing down.
Sell at .7237 with stop at.7276 First target at .7188 and second target at .7157
Buy at 122.97 with stop at 122.05 First target at 123.76 and second target at 124.25
Buy at 1.1003 with stop at 1.0976 First target at 1.1026 and second target at 1.1041
USDJPY is coming off of a Major Support Level. I'm looking to buy a pullback in anticipation of the market correction. It has broken and closed above previous resistance and if it can pullback into my reversal area I will look to enter long. I will have to enter long at or below the Purple Line which represents a 1 to 1 Risk to Reward. Stops - 1 ATR Below the...