One of my favorite setups: Coming back into previous structure while forming a harmonic pattern. IN this case a bearish bat pattern. Stops and Targets as shown. This is a swing trading idea. Follow your own trading plan! Follow me also on -> Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Applying that IF Then Syntax to your trading is key! If we break out of the Channel, Then there is a good opportunity for the market to hit the initial target at around 156.70's. Always trade YOUR PLAN! Good luck! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Found support at daily structure and broke above the double bottom, which signals that we are back in bullish trend. Also got a nice cypher pattern on the hourly timeframe. Trade your personal plan! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
it seems that wave 2 has been finished. trying to catch wave 3. note the divergence very good risk to reward ratio. 2 units entries: first target is 50% of previous wave and second can be normal targets of wave 3 but at least end of wave 1. test of broken trendline.
We previously had a first signal that the short-term bullish moves (remember: we are heavily bearish on the daily time frame) could come to an end. The arrow shows the close below the previous low. We therefore looking for a shorting opportunity on this pair which lines up in form of a bearish gartley pattern. Beside the standard target 1 (38,2% oft C-D leg) ...
Not too much to say about this potential setup. The pair is in a sideways consolidation for quite a long time (see my last outlook on the daily timeframe attached below). The market formed another advanced pattern in form of a bullish cypher pattern which completed on Friday. If the market opens at the same levels, there will be the opportunity to give it a...
Price action has rapidly declined and up until now there's not been much to catch that falling knife. We now have reached a nice area where we have some key dynamic trend line supports and right into previous support. A mid / longer term trade but am publishing it to follow it.
Found a nice bearish BAT PATTERN where the completion point D perfectly lines up with 61,8% retracement from the swing high to swing low. Stops about X. Targets: 38,2% and 61,8 % Retracements as shown on the chart. -Good trading and a happy new year. Felix
Short Trade....Triple Top? I think it may be a bit late to do this however I have been thinking about shorting the AUDUSD all morning. I think that it is still a good short and you can still make a further 40-50 pips. I would looking to get in at around 0.87900 (if it comes back). If it doesn't then afraid this position may be too late. As I wrote this...
After looking at my GBPAUD dollar trade in the morning we noticed other head and shoulders patterns on the GBPCAD, we waited until the price broke below the resistance level and believe this trade will be completed within the next 6-12 hours. This is a pretty simple High probability trading set up and should be a really good trade. Trigger!