+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Bat Formation on 15M here on USDJPY. This is a nice counter trend opportunity - stops below X and conventional targets. Entry @ 104.27 Stop @ 103.65 Initial Target 1 @ 105.13 Initial Target 2 @ 105.67 Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading...
HELLO TRADERZ! SO, WE MAY HAVE A POSSIBLE ABCD PATTERN COMPLETION ON USDJPY ON THE HOURY CHART. WE'RE GOING TO USE THE "IF/THEN" METHOD. IF WE GET A COMPLETION OF THIS ABCD PATTERN, WE'LL BUY AT THE 1.272 EXTENSION, WHICH ALSO COMPLETES THE C TO D LEG, AND IS ALSO IN CONFLUENCE WITH PREVIOUS STRUCTURE SUPPORT. OUR TARGET WOULD BE THE 61.8 ON A FIB OF THE C TO D...
We have a bullish bat with D leg completion at 1.29070. Entry: 1.29080 Stop: 1.28640 Target 1: 1.29900 Target 2: 1.30460 If like advanced patterns and are thinking about incorporating them into your trading check out tradeempowered.com and Tom Hall 's page here on trading view. That is where I learned. Good trading, Luke
+++ Don't forget to LIKE & Follow+++Price is closing towards the completion level of that Potential Bearish Bat Formation on 15M, EURJPY. This will be a nice counter trend opportunity for possible deeper correction of the upward trend. Good Luck! -Alex Professional Currency Trader & Owner of www.beaprofitabletrader.com If you'd like to see more good trading...
Hey Guys, Though I had drawn this much earlier I was waiting for the right moment to post it. So as I have expected GBPUSD came up to resistance area, shot over little bit. But we have ABCD pattern completion in same resistance area. If we draw couple of fib lines you can also find how well fib levels align in the resistance area. With RSI also being oversold in...
As we can understand from the above chart USDCAD is moving down towards our support region. And the exact support region marks the completion of ABCD pattern, it depends on individual to decide where to enter the trade based on ratio's. Thats why marked it as Entry zone instead of particular price level in USDCAD. Even if you enter around the same levels which I...
+++ Don't forget to LIKE & Follow+++I'm currently watching how price bounced from the last structure support level - price did break it, but didn't make a Lower Close. Right at the structure level we can draw a Fibonacci Extension from previous lower move and a Fib Inversion from the last upward correction - and we will get a nice kill zone. I'm waiting market to...
Hey Guys, Happy Monday.. Only we traders have the guts to say Happy Monday instead of Monday Blues :P So lets jump to our analysis and why I am planning for an counter trend trade in SBI. This is one of my favorite setups to trade, No matter what others say or think...I am deeply in love with counter Trend bcos it makes us analyze various reasons to enter trade &...
+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Cypher Formation here on 1H, USDJPY. The Cypher Formation is presenting nice counter trend opportunity - stops beyond X leg, Targets are conventional 0.382/0.618. Entry @ 101.82 Stop @ 101.12 Initial Target 1 @ 102.42 Initial Target 2 @ 102.79 Good Luck! -Alex Professional Currency...
+++ Don't forget to LIKE & Follow+++A lot on my radar today - I've spotted a potential Bullish Cypher Formation on 1H, GBPUSD. Check your trading plan, because stops will be more than 100 pips. Targets as usual are conventional, because this is a counter trend opportunity. Entry @ 1.3205 Stop @ 1.3064 Initial Target 1 @ 1.3304 Initial Target 2 @ 1.3407 Good...
+++ Don't forget to LIKE & Follow+++ As I told you I have a lot on my radar - it is interesting to note that majority of potential formations are bearish bats. Price is giving us yet another possible counter trade - Bearish Bat Formation on 1H, NZDUSD. If you look left the A leg of the Pattern came right at previous structure level - price hit it and reversed...
+++ Don't forget to LIKE & Follow+++ AUDUSD is presenting to us another Bat Pattern - yesterday market presented a small Bullish Bat that did come hitting 1st target. This time market is putting bigger Bat Pattern on 1H, that can be considered as an counter trade opportunity if you look on higher time frame. Stops are less than 100 pips and targets are...
+++ Don't forget to LIKE & Follow+++Sorry for not posting previous week, but I knew that markets will be highly nervous thanks to the Brexit so I decided to hold trading, but this week is different. I have a potential Bullish Bat Formation for you - a nice counter trend move. Entry @ 1.0945 Stop @ 1.0876 Initial Target 1 @ 1.1037 Initial target 2 @ 1.1095 Good...
If we end up getting a LLLC here on the EURAUD, my prediction for the next place that we'd see some buying pressure at is down at the 1.5050's-1.4950's level. As a buyer, that's where I would look next if I'm interested in trying to catch a pullback. If I'm a seller, then I'm looking for a retest of previous structure & a chance to hop on the downward move in...
COUNTER TREND TRADE PAIR: NZD/USD TIME-FRAME: 4HR TRADE: COUNTER TREND TRADE Took a Counter Trend Trade on the NZD/USD 4HR time frame. Let's wait and see what happens. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: ...
Monthly downside momentum broken Price currently at price levels where counter trend longs are better probability Need evidence of buying on smaller time frames first though. Also, profit potential for longs capped by recently created monthly SZ above price
Just a quick follow up from the trade I shared with you guys in last night's video looking at a trend continuation opportunity on GBPUSD. As the market established a double top overnight, counter trend traders will also have an opportunity to involve themselves in a 2618 trade as well. Make sure you check out yesterday's video for an explanation of the TCT...
Hi all, Complex bat retracement as the interface of a bearish continuation that can result in a naturally occurring triangle pattern ending at a projection of Gan fans from March to Sept. Regards Laurence