CADJPY has been putting on an impressive recovery off it's Lows. It made it to a Resistance Level and consolidated in the form of an Ascending Triangle. Typically, consolidation areas (in this case a breakout pattern) at Range Tops will result in a strong breakout. Watch and see if this gathers any momentum.
Sitting directly on top of a daily support area. Waiting for candle to close as a pin bar. My setup waiting to be triggered. Entry: 0.714 S/L: 0.749 T/P: 0.590 R/R: 3/1 Good luck traders!
Chart shows that the price is on its way to completing the third wave up. Sell the third wave down.
EURUSD just bounced off resistance as seen in the chart. Good opportunity to short right now and make some profits!
EURUSD as seen in chart is testing the resistance. If price closes above the 200ma, we will see more upside.
In this example I show you one of the ways I use to trade in a 4hr timeframe. The idea is to first wait for ema cross, and then wait for at least 2 retracements, after retracement, open a position and place sl below or above the previous retracement depending on your position. The only downside to this strategy is you might miss a lot of other trading...
- GBPUSD has just ran into a Major Support Level - We have an Open Gap well above us - If I can find a reason to get long then I will - Right now I'm looking for a Double Bottom to occur on the Lower Time Frame Target #1 - Next Level of Resistance Target #2 - Gap Fill Stops - 1 ATR Below Double Bottom (if we get one)
1. As shown we are in a channeling uptrend idea of this is to try ride the uptrend as soon as possible 2. Channel support being tested showing price rejection 3. Horizontal support area 4. Fib 38% Seems to be holding 5. Potential inverted hammer being formed 6. Arrows on price showing measured moves to the upside
Personally i am only interested in this trade if the price drops down even further than the Cypher completion point. RSI is getting oversold, and we are running in to latest structure. If price hits my entry point at 0.9826, i will be looking to go long and put my stoploss 20 pips below X. Profit targets can be found in the chart. Please feel free to comment and...
BAT PATTERN PAIR: AUD/NZD TIME-FRAME: 4HR TRADE: BAT PATTERN On the AUD/NZD pair, 4hr time frame, looking for a Potential Bat Pattern opportunity to sell the market. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: ...
Fresh out of a breakout from yesterday. Looking for a rejection at a support level of 0.7170 Weakness in USD / Lot of buying pressure Entry: 0.7170 SL: 0.7140 TP: 0.7280
CYPHER PATTERN PAIR: GBP/NZD TIME-FRAME: 4HR TRADE: CYPHER PATTERN Lot's of different patterns on the GBP/NZD. Currently involved in the Cypher Pattern and orders for the Gartley Pattern below it. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: ...
USDCAD is coming into Daily Support. This is a Potential Reversal Zone for the resumption of the uptrend. Price has created a descending channel right into the support area. These descending channels tend to breakout to the upside. Stops - Need to be at least 1 ATR below reversal zone. Targets - Potential Targets are shown on the chart.. They are based upon...
GARTLEY PATTERN PAIR: EUR/NZD TIME-FRAME: 4HR TRADE: GARTLEY PATTERN Bit of a long way to go on this C-Leg, but we still have a potential Gartley Pattern on EUR/NZD NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: ...
BAT PATTERN PAIR: EUR/GBP TIME-FRAME: 4HR TRADE: BAT PATTERN If we hold our C point here above A, and get a move up to our D-Point, we can look to sell the market @ the Bat Pattern. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: ...
EURUSD may be entering a strong rally through wave-iii-of-(iii), providing an opportunity to take a long position with a R/R of 9.36. The larger C-wave is an expected 5-wave impulse considering wave-A was also counted as 5 waves (5-3-5 zig-zag). Since a bullish 5-wave-(i) was corrected by a zig-zag decline and a price was rejected at the .786% retracement of (i),...
FX:EURUSD A double bottom in a one hour chart @1.07080 was the perfect time to get the trade; As we see below, the price broke the neck but just found resistance above $1.0840, in fact it stops around 1.0940 and with the help of payrolls news, it sink near the 61.8%, forging another trade setup to buy it. In the meanwhile, a Butterfly pattern that can send...
HERE IS ANOTHER EXAMPLE OF WHY I CALL THIS PATTERN A STAIR CASE OR STAIRS, WHICH ENDS WITH A U SHAPE. THE RATIOS ARE: 23.6-38% RETRACE BETWEEN A STRONG MOVE, THEN A 76 % FIB EXPANSION CONTINUATION OF THE MOVE WHICH THEN GOES INTO A 38% RETRACE. AS ALL TECHNICAL ANALYSIS, THERE ARE A BIT MORE MATHS INVOLVE BUT IT'S MOSTLY EXPERIMENTAL. THE TREND ANGLE FOR...