USDCHF is going down, breaking an important support that was forming the lower part of a descending triangle. Good risk to reward ratio, I suggest to enter the trade with a slightly lower risk, if you also have the short position on USDCAD.
EURGBP getting again in the upper part of the down-channel, giving us another opportunity to plan our short position. There is a bearish engulfing pattern right on the top of the channel, so we can enter right now and play with a very good risk to reward ratio.
USDJPY is going down very fast, breaking a very important support level with a strong action by sellers. I propose this trade with a very easy stop loss and a convenient take profit, that guarantee a risk to reward ratio that is better than 1:2.
NZDUSD testing the upper part of the down-channel. Buyers seem to be quite strong at the moment, but we already had a good reaction by sellers and the risk to reward ratio is very promising, since we can easily get a RR better than 1:3, even placing our take profit right in the middle of the channel. You can also have a second take profit at the bottom of it,...
EURAUD is in a short term pennant and we just had a bullish engulfing pattern at the bottom of it. With a risk to reward ratio that is better than 1:2, this could be a nice trade to catch!
We have already analyzed this chart pattern on NZDUSD earlier. The first trade didn't go very well, I'm going to consider an entry on this one here :)
Yesterday, on my YouTube channel, we analyzed a possible breakout of the support. The price broke the support at the end, giving some profits to traders who followed the idea. Today, I propose another trade following the downtrend. The idea is to trade the breakout of this short-term up-channel, with a very standard entry that we have seen many times in the Swing...
Yesterday, we saw our EURGBP short position hitting the stop loss for less than one pip and going down, hitting our take profit at the bottom of the downchannel just like we planned. Today, the price is offering a second chance to trade the same chart pattern, so we try to enter again with a favorable risk to reward ratio.
EURCAD going down and breaking another important swing low with a very strong candle! We might see a continuation of this downtrend till tomorrow, with the important news on the Interest Rate decision that could change the market scenario.
Double Top pattern on H4 THree Black Crows, bearish continuation or bearish reversal, depend on next candle close. Monitor closely and might cut manually, loss or profit.
#USDCAD to continue the downtrend after the formation of a bearish engulfing pattern that is pushing the price below a previous significant swing low.
For the price action, candlestick analysis people out there, The weekly chart shows a Shooting star/Bearish Pin bar on the Weekly chart and a confirmation of it with the week just passed with a weekly candle close below the low of that Shooting star/pin bar. This is a pretty compelling reason to look for sells at least down to that red zone in my opinion. However,...
EURNZD out of the range for the second time, after a small retracement. Last candlestick on the M15 also confirms that sellers are determined to push the price down, leaving the range that we had for the past 3 days.
NASDAQ:NFLX Printed a similar shooting star type candle today that it has a few other times in this current downtrend channel. Bought Sept 6th P282 option today for 1.13 at NFLX 299.80. Looking for it to react similarly as it has before on a resistance touch/rejection, and hope to see around 278 sometime before or on Sept 6th. Happy hunting and GLTA!!