EURUSD H4 short on bearish divergence + marketsqueeze indicator
just a quick impression from my chartboard shortly before todays ECB ratedecision.
As you all should know, a disappointment of markets with the Draghi Show can push EURUSD up to 1.12 levels resistance,
while on the downside 1.08 might open the door for further decline towards 1.05 levels.
Thought i would shoot this trade out it´s been a long time since i published a trade. It just went live on the USDJPY, it´s a Harmonic fib bat pattern against the major trend, but with new bullish momentum at our lower timeframe entry. RSI just hit our oversold condition. Our completion rate to T1 on this pair is around 63% so let´s sit back and wait
Kind...
On H4 chart for GBPUSD RSI is targeting lows, the price level itself stays lower then previous high for RSI, which signals that trend has exhausted and needs some correction to gather some powers for the next wave.
The "strongest" level seems to be near Fibo 50%.
HI there,
Errol here....
Here we have a massive bearish gartley pattern almost at completion.
We also have a very very nice RISK:REWARD situation.
Check in the comment below for my Youtube Channel link
Wish you all the success in the World!
Hello,
Errol Here...
In the comment I will share 2 links with you of which 1 of them will be my Weekly forex Forecast and 2 will be a video I did on how to trade the Cypher pattern. All the rules and what I use to determine stops and targets.
Dont miss these videos so check the comments below
Hello,
Errol Here...
In the comment I will share 2 links with you of which 1 of them will be my Weekly forex Forecast and 2 will be a video I did on how to trade the Cypher pattern. All the rules and what I use to determine stops and targets.
Dont miss these videos so check the comments below
Hello,
Errol Here...
In the comment I will share 2 links with you of which 1 of them will be my Weekly forex Forecast and 2 will be a video I did on how to trade the Cypher pattern. All the rules and what I use to determine stops and targets.
Dont miss these videos so check the comments below
GBPJPY was in a corrective structure before 22th Jan. It experiences a breakout at 167.90, and change its long term downtrend. Now it has passed 23.6% of Fibonacci (from 163.98 to 184.97)
Buy at 172.04
SL 164.02
TP1 177.04
TP2 180.11
Hey, Errol here.....
Today we have a very nice gartley pattern setting up. I went over this in a video so for those of you who would like to check out this video here is the link
USDJPY offers three POTENTIAL opportunities:
1. bull gartley (blue) entry @ 123.90
2. bear bat (green) entry @ 125.10
3. bull cypher (light orange) entry @ 123.50
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Regards
Rafael
EURUSD, in H4 timeframe, did a new low after double tops structure. Bullish pressure seems to be trying to pull it back and a good level to place a Short is in 1.1345, where there's resistance by structure and by Fibonacci Retracement.
