Aside the wave counting, the structures support the hypothesis of a trend continuation towards the decending weekly trendline. Happy trading! _________________________ Would you like to trade based on analysis like that? Contact me: insidemarketfx@gmail.com / Skype: @insidemarket168
Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two. Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven. If target one is hit...
Aussie bends pound below daily and hourly trend lines. The breakout of those trend lines coincide both at the same level. ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two. Typically, when the...
Short at breakout. Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two. Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven....
My attempt to trade the trend down. ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two. Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.
I have been watching USDCHF since the last big impulse down, waiting for its consolidation to resume. The retracement became complex with 5 waves, so I am trading a possible ABC correction of the retracement. Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest)....
There's a break in the neckline in this head and shoulder pattern and a break below the current swing low. I would wait for a retest of the 121 - 121.08 handle before shorting. I drew up a two possible targets. Good luck trading.
I have identified this contracting triangle which gives a good opportunity to antecipate the next wave just before the consolidation ends. At 15 minutes timeframe the 'E' wave has it structure broken (the thin blue line). So I placed the orders at the break-point of the line. Happy trading!
Target one reached. For the target two the stoploss is at breakeven. Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Market has gone 'to the wrong side' unfortunately. The process of trading was very cautious and even so the market has punished ruthless. Prices float in consolidation now, which I did not expect. I was supposed to do so! This adds to my experience. Loss of 195 pips. ___________________ Money management of my trades. There are two targets: the first one is at...
USDCHF is in a corrective pattern (4th wave at daily) within a corrective pattern (hourly ABC) WITHIN a corrective pattern (hourly ABCDE triangle) . The setup is similar to USDJPY as you can see at related ideas. Happy trading!
This setup is very similar to EURUSD. Nevertheless, GBPUSD seems more 'price-action friendly' than the Euro cross. The dollar correction has a daily target. If you zoom out the chart you shall see. ___________________ *For now on I'll reveal the money management of my trades. There are two major targets: the first one is at least double of the target two (the...
1. If price reaches the completion of this GARTLEY pattern I will sell. There are three structure highs close to the completion point of the pattern. 2. Stops will be placed above the highest point which is also the A point of the potential BULL BAT pattern. When several highs are close together the highest point often gets tested. 3. Target 1 is slightly above...
1. If price reaches the completion of this BAT pattern I will wait for a reaction (Engulfing bullish candle, Tweezer bottom, etc) within the PRZ. This entry zone has acted as support in the past. It is also at a 1.272 fib inversion. 2. Stop is placed at the 1.13 fib extension of the XA leg. 3. Target 1 is below the 38.2 retracement of the larger down move and...
Here we got the audcad that have been in a consolidation state for a while, but here on the 60min we got a mini uptrend that broke and we broke below closed below previous structure low, so its a potential new downtrend we will try to catch with this pattern on a retracement! Look out for the RSI to come into the over sold area. Comments good and bad are very...
Here we see a solid Cypher pattern on the dollar index. the reason i have elected this trade is because the cypher pattern here suggests the market will complete the larger crab pattern on the daily chart. I believe that this completed cypher pattern will rally short all the way down into the 1.618 extension of the BC leg. I have placed my entry at the lowest...
This Gartley pattern formed at the end of consolidation suggests a long movement from a monthly low. if there is a break out of consolidation , the market will likely rally up into the 1.618 extension of the BC leg, around 1.45530. i have placed my order long keeping the risk reward ratio at 2:1. I have placed my stop at the lowest low of the Gartley pattern, and...
I wish you all a happy new month and good luck trading! The EURAUD is in a downtrend (60min chart) and is currently under a retracement. The retracement was expected since last week we observed positive/ bullish divergence between price and RSI indicator. This can mean two things; A. There will be a change of trend. B. There is a pause/ recovery before...