Main trend is still up and confirmed by the false break of the trendline. i'll wait to the pullback and buy on support - low risk high reward in this trade. Further details on the chart. please leave comments what do you think :-) Best of luck :-)
Main trend is up and bearish h&s pattern formed, but If we stick with the trend we should expect higher prices to the upper channel. Therfore i will wait price to reach the support zone and buy there after a clear reversal pattern will be formed. If that what will happen it will tell me that h&s pattern is going to fail and price will shoot up. Best of luck :-)
It looks like h&s pattern failed to continue down and it might be a significant pivot to the upside. therefore, a long position will be taken on support as described on the chart. future resistance updated with ultimate target. Best of luck :-)
We are sitting on the low of a down channel and support zone + pin bar formed so i am looking to buy what might be the right shoulder low area as marked on the chart. Best of luck :-)
buy dip on channel or support with reversal pattern untill next resistance. Best of luck :-)
Price stopped on support area after forming a clear bearish h&s pattern . Well that is a great situation to look this pattern fail. If this pattern will fail then we just got us a nice buying opportunity with low risk and high reward. So, the plan is to buy this pair in a smaller time frame with another failing pattern... Best of luck :-)
Break of the donwtrend line and pullback into the break out level. The recent break out of the swing highs indicate a bullisch trend
Hey guys, went long on EURAUD H&S formation @1.4658 this morning.We recently hold an important strc. level and the 200 EMA. Remember to trade your plan!
Potential Cypher Pattern for Daily Traders on GOLD. Entry @ 78,6 % Retracement. Stops below X Targets according to your plan. Trade your plan!
GBPJPY is bound to retest the downward channel, as it did when it broke out of the bottom last time. It is also right on the 200 4-HR SMA, which is acting as a tough resistance, as well as the supply zone. My last short idea did hit my original stop, but I moved my stop up because I think this will be a huge move. As always, use proper money management
Note: Now, GBP/USD is at the history low since 1994. There is significant strong buying zone at 1.20300 level. And the current USD strength is weaken. Recently, there is a bullish pin bar to support the potential bullish movement as well. We decided to long. EP: 1.22057 SL: 1.20302 TP: 1.26834
Note: Congratulation to those who follow our 2 short trades on EUR/AUD last week! Overall, we remain bearish on EUR/AUD There is a long Descending Triangle Pattern. Now, the price is reaching the multiple tested strong support level at 1.418. Here are 2 trading plans for this pair: 1. If the price managed to break 1.418 level, can short with little risk or...
Note: AUD/JPY is reaching the strong resistance zone at 86.2x level. There are 3 potential trading plans for this pair: 1. We expect the price will approach the resistance zone at 86.2x level. If there are 1 strong bearish or 2-3 bearish signals, we will choose to short. 2. There is possibility that the price break the resistance zone and reaching the...
Note: USD/JPY tested the resistance zone at 118.5 level 2 times and the bullishness was rejected. Here, are 2 trading plans for this pair: 1. If USD/JPY managed to break the support zone at 114.5 level strongly, wait for pullback and bearish signal to short. 2. If the price unable to break the support zone, buying power might come in. In this case, wait the...
Note: From the big picture, we remain bearish on this AUD/USD. There are 3 possible trading plans for this: 1. If the price break the support line at 0.729x level significantly, wait for pullback to short with right risk. 2. If the price continue pullback back. 0.742x level will be next shorting opportunity. 3. if the price correction is way too strong, it...
Note: Congratulation for those who follow our trade last week. If you never move your SL, your trade is in good profit now. We have 2 trading plans here: 1. Watch the next Support Zone near 0.96x level. The price might have either some consolidation or pullback. Wait for right bearish signal to short. 2. If the price pullback again to the 20-EMA, wait for...
Note: Overall, we remain bearish on EUR/AUD There is a long Descending Triangle Pattern. Now the price break the neckline aka the strong support line. After breaking this stong support line, we see a slight pullback back on the support line and heading downward. There is a high probability that it will continue moving down.
Note: EUR/USD follows our prediction last week, a price correction to the resistance zone is high likely to happen. Overall, we remain bearish on this pair. Now, there are 2 ways to trade this pair: 1. Wait for a bullish signal now near the 20-EMA and resistance zone to short with right risk amount. 2. The price might further pullback to the next resistance...