Okay I did this analysis weeks ago. We have a trend continuation opportunity. See how price creates higher lows after the drop to 0.6829s. Resistance held at 0.7750s. We waited for the break above and the pull back to go long. Target 1 at 0.8077 and target 2 at 0.8644. HAHA!!! HOPE THIS IS A GOOD ONE. ENJOY YOUR WEEKEND TRADERS UNTIL NEXT TIME - PLAN YOUR...
In this video I walk you through a potential bearish 2618 trade setup on the 4EURUSD
Happy new years traders! Here's a trading opportunity that is on my radar for this week on the $USDCAD
I'm looking for a further move down after this potential retracement.
The EURGBP is currently in a state of sideways movement which is called consolidation. Consolidation leads to expansion, so as i analyze this price chart they question that I want to ask myself is IF Price action breakouts out to the ___ side THEN where is it likely to continue to. Doing so will allow me to see if there is enough potential profit (with limited...
Hi, I expect a buy decision for this stock after the end of the pullback ( wave (4) ). SMA : price action are above 200 day. RSI & Stochastics are bullish. Thx for your comment. Best regards. Omar.
I think @Akil_Stokes would like this trade setup. Possible 2618 completing right where a bearish gartley pattern completes. Should price rise up to the PRZ, then I think it's very much possible to get a nice short opportunity, with a good risk:reward ratio.
The advanced pattern is almost perfect. It depends on the rules someone has on trading these patterns (how tolerant they are on the percentages). In any case, I am aiming for a .38 retracement of the last leg as my first TP. My SL is placed on 1.27 extension of the last leg. Ask questions & Give comments!! Bests
good day everyone on the radar now a cypher pattern for EURUSD shorting as per the targets showing happy pips hunting
Some greater than expected fundamentals have given us a very strong Euro today. Therefore, instead of trying to jump on the move late (a mistake that I've made more times than i'd like to admit while earning my trading stripes) I'm looking for area where the market may provide us with some release in the form of a counter trend trading opportunity. Here on the...
From my harmonic pattern analysis, that possibly there might be a projection for shorting in the market, after the Buy I located in the green zone. Please do not place any trade yet as they are POTENTIAL, but if you know how to calculate where your stops and take profits are, by all means, go! But I will not be responsible if your trades are losing. So far all of...
Gold is making its way down to the 1200.00 price which is a strong psychological number as well as a strong previous level of structure. After this long drop from 1296.00 I would expect there to be some sort of relief down at this level as sellers look to remove profits & buyers start to become interested once again. A 50% rally from that point would put us in...
With gaps interrupting the majority of the pairs in my trading portfolio I'll be turning to more minor pairs in order to find trading examples. Following up on yesterday's Combined Technical Scoring System Strategy Lab I thought that this would be a perfect opportunity to share today. Obviously price has already began to react after running into previous...
The JPY pairs have been great for us in April (and there goes the Jinx) and after allowing for some relief I'm now looking for areas to hop back on the short side. The EURJPY is currently approaching a Killzone & has recently gone from an over sold to over bought swing. I'll be paying close attention to price action & looking for a potential move down to the...
The EURJPY was one of the main pairs on my watch list heading into this week of trading due to the fact that we had just broken a previous level of structure support. I took a small loss on an aggressive day trade on the 5 Range bar charts during this mornings Live Room session, but this was the first opportunity I had to get in as a swing trader. It's an...
Despite getting skunked out on a bullish Gartley formation on this pair yesterday (Thanks Core Retail Sales), yesterday ended up being a fantastic day of trading. Today Canada is back on my watchlist for another long opportunity, but this time it's for a potential trend continuation trade in anticipation of a move back up to the 1.3450's area. Along with the...
Yesterday we were looking at the EURJPY & preparing ourselves for a potential Advanced Pattern completion down at the 120.30's level. That opportunity still exist, but EUR strength on the open has also created another potential trading opportunity the short side. As price action approaches a level of previous structure support now turned potential resistance,...