Decent risk reward in this upward channel
The Euro has finally broken out of it's consolidation, which may not be a good thing since us pattern formation traders had a pretty decent run over the past few days. Anyway the LLLC leads me to make new predictions about the market and how I want to get involved. Technically speaking there are two opportunities that are on my radar. 1) A retest of previous...
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Now that we've closed the New York session by putting in a LLLC below the 128.30's level, I'm now predicting to see a bearish continuation here on Canada. When will it happen? How will it happen? Who knows, that's the markets decision. All i can do is use my skills of technical analysis to try and make the best prediction that I can. After being broken, previous...
Following up on the video that I shared with you guys last week, making a few predictions on the GBPJPY. We are now approaching a retest of the "B" leg for this potential Advanced Gartley Formation. (By the way well done 2618 traders!) If you remember I was looking for a trend continuation opportunity & this advanced pattern formation would be a perfect entry...
Advanced Bearish Bat Formation on XAUUSD
Selling pressure has been seen We keep selling till target.
- US dollar tone is expected to be green today - more at streetrader.com
I just recorded a video walking through the process of how I make predictions in the markets and try to stay one step ahead of them. In the video you'll see ideas for both counter trend, trend continuation & advanced pattern formation traders. *While you on my Youtube Chanel, I'd appreciate it if you hit the like button, shared the video with a fellow trader...
- US initial jobless claim data is today - We still favour on US dollar buy - more at streetrader.com
Update from previous post, I've got absolutely 'HAM' at 1.50... FDA approval on new obesity drug due early 2017 - #Eatmore www.tradingsignalreviews.com
- Already sold this pair few hours ago. - Chart shows another option to buy. - We click buy. - More at streetrader.com
Another range play that has Has broken previous support and is heading lower. From current price above 2:1 risk reward. Medium term play should make its move in next 3-7 days.
Trading in nice range. has broken through previous support and should run down to around 79.891. Above 2:1 risk reward.
I typically don't pay much attention to the market open on Sunday's but there were a few opportunities that I had on the radar from Friday which are offering a better price point for entry. One of those opportunities is right her eon the EURJPY Hourly time frame where we had an Advanced Gartley Formation complete late Friday. Currently price is below the initial...
April 4 - 8, 2016 Key Talking Points: US dollar index is used to show all dollar currencies trend (USD/XXX). Fundamentally, US is doing "okay" - but not great. Lack of Major Currencies (AUD, NZD, EUR, GBP) data may put them on "weak" position in relative to US dollar. Are we going to see US dollar jump? How to trade these in intraday basis? Follow us on...
- In short-term trading, we use simple support-resistance pattern. - when a support broken, then the lower low become the next target. - ALWAYS, play small. - see more at streetrader.com