As discussed on last night's FX market scan it looks like many pairs have completed their trends and are now in correction mode on the daily.
This gives us an opportunity for some counter-trend trade on the smaller timeframes.
I'm liking EURNZD long here for a "C" wave up.
DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The...
The Square Root set-up appears in large cap stocks that underwent capitulation. Because large caps are heavily traded, the high liquidity reduces sharp movements. This set-up is best for position trading and usually is a sweet spot for establishing a core position on a stock that potentially has long runway for an uptrend.
There are reasons to be...
A bullish 5-0 pattern setup on the 4-hour chart(right) for a buying opportunity, on top of that a bullish bat on the 1-hourly chart(left) still within the buy zone.
Looking for buying opportunity in the coming week.
With most AUD pairs seem to have reached key support levels and about to reverse up, and EUR going ranging, riding a possible immediate consolidation for this pair. Setting up sell stop order with 1st TP @1.56210 (38.2% fib), and possible to trail this until 2nd TP (0% fib) by next week, and hard SL @1.58 (few pips above its current high/past the 100% fib...
Bat Pattern forming up and it forms a counter-trend trade opportunity to engage.
As the candle looks like coming in a downward consolidation, it can be a good opportunity for me to place my entry, set and forget.
Exact level of entry, stops and targets will be shared to my subscriber.
Last month we have shared a total net profit of 2,333pips of net profit, don't...
Shooting star formed in the hourly chart might be confirming a double-top formation in the weekly chart. Considering how this pair is near its 2018 high, DXY becoming overbought overall, and talks between Russia and Saudi Arabia to reduce oil production by December, I'm highly bearish for this pair.
Setting up short stop order with 1st TP @1.315 (100% fib...
On Daily Chart, this pair displays an uptrend.
On both H4 & H1 chart shows a head and shoulder formation.
For those who have missed the trade, as long as you are in my inner-circle group, I will be sharing precise stops, entry and target with you.
USDJPY on its daily chart is still on the bullish run but as you can see on the daily chart, market close with a pin-bar having the tip of it touches the previous resistance.
On the 4-hour chart, I'm waiting for a retest of the high and preferably a pin-bar form for my shorting opportunity.
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