Hey traders!!
We have had a HUGE move up, so I expect a relief. The market made a strong move down and it is now putting a consolidation pattern. I expect a break to the downside at the 1.272 extension which lines up with structure looking left.
Good luck in the market traders!!
There are two potential Cypher patterns setting up on EURUSD. There is a shorter term Bearish Cypher (Red) that will potentially complete @ 1.05806. Now this one can be used as an alternate entry for a trend continuation trade.
Now the Longer term Cypher (Blue) will potentially complete @ 1.06208. This one can be traded normally, (taking targets 1 and 2 at the...
After breaking down from a 2 month consolidation. The EURJPY is now returning to the level that at one point proved to be a significant level of support. After the violation we are now looking for this previous level of structure to potentially flip and act as resistance, offering a bearish trading opportunity with a very positive risk reward.
On the right of the...
Good morning traders!! I hope you are doing great!
Let me walk you through this opportunity. You can see the next support level as a green box, which has been tested twice in the past. Additionally, note how the price got there. It came down slowly and with no momentum, putting a lot of pullbacks. This tells me that the price is reluctantly going lower, and I...
If AUDNZD breaks above the red resistance area, we might see a bullish trend continuation.
If AUDNZD holds at the resistance area, it might continue back to the support area and retest the lows. Because of the underlying bullish trend, it is more likely to reverse back to retest to highs
We have a potential Bullish Bat pattern Currently setting up right now on EURJPY. The pattern will potentially complete @ 119.55. Minimum stops need to be below X at 119.321 with Target 1 at 120.215 and Target 2 at 120.636. Right now at the time of publishing this, the pattern is less than 20 pips away from completing. So if you trade Bat Patterns on EURJPY,...
In June 2013 (Green circle) price broke below the 200 EMA and an important support level 0.9650. Price made a low and retraced back up to retest this key support now turned resistance in October 2013 - failing to break above this level and creating a lower high. Since then, price has been in a downtrend creating lower highs (yellow box's) and lower lows (blue...
I'm in a bit of a hurry today, but I wanted to share this idea with you all. We can see based on earlier predictions that the EURUSD is in consolidation, but that doesn't mean we can't make a short-term play.
Looking for the pair to bounce off its current position at the fib level and go up to at least 1.08. Interesting to note the strong S&R level at 1.08 as...
Bearish Gartley in progress already activated now at level 1 consolidation. Expect up move and back in bearish trend. Price at important fib level. Trading in between the two zones established. Target and Stops around the zones
As I am getting ready for my live trading room on you tube, I came across these setups on USDCAD.
This is probably my favorite thing about advance patterns, and that is; bracketing the market.
The bearish cypher will potentially complete @ 1.3190 and the bullish bat will potentially complete @ 1.3090.
Now if you trade advanced patterns, you can set your buy and...
Not much in the markets for me today, but I have been following this pair for a while, and I am currently backtesting it. I wanted to show you guys a set up that caught my attention. We just made a huge move up, breaking structure. Just after that, the price put a beautiful descending wedge.
Now, what is the story that I get from this? : I see that the price...
CADJPY appears to be consolidating near a previous support around 84.82
Watch out for a breakout of the previous low at 84.90 which would open a target at 84.40
USDCHF has been moving around parity but its dancing days might (hopefully) be almost over.
In the last days the pair bounced between two important moving averages: the 100 SMA and the 200 SMA (in the chart, the Turquoise and Black ones are actually EMAs though).
And all around the roundest round number 1.00000.
This could mean a breakout due soon.
Update your...
For the past couple of weeks, the AUDUSD has been trading between these two price points, 0.76000 and 0.75000. Watch for a break of either of these price points, and decide whether to go long or short from there!
