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LorbeerInv LorbeerInv PRO USDJPY, 60, Long ,
USDJPY: 4 drives Pattern into Support
29 0 6
USDJPY, 60 Long
4 drives Pattern into Support

Never traded such a Pattern but can easaly think of a potential entry and exit strategy using Fibonacci and Price Action...

LorbeerInv LorbeerInv PRO AUDJPY, 15, Long ,
AUDJPY: Classic trend trade => High Probability & Great RRR
28 0 6
AUDJPY, 15 Long
Classic trend trade => High Probability & Great RRR

Breakout of daily swing high Pullback into Support RSI o/b condition + Divergence Double bottom

LorbeerInv LorbeerInv PRO AUDJPY, 240, Short ,
AUDJPY: H&S for entry and Bat for direction
33 0 7
AUDJPY, 240 Short
H&S for entry and Bat for direction

Looking at th daily we see a completed BatPattern. The daily is too big for most traders however so they leave it off the radar. If you move to a 240M TF you see that price is about to form a H&S Pattern which may serve as entry signal and orientation for Target and Stop Loss orders

LorbeerInv LorbeerInv PRO EURJPY, 240, Long ,
EURJPY: Are we in an Elliott wave 3 or just ABCD?
79 0 2
EURJPY, 240 Long
Are we in an Elliott wave 3 or just ABCD?

Anyways, looks like a long trend following makes sense after the strong breakout of "B" Proposed target is a projection of "AB" that comes in at daily resistance levels

LorbeerInv LorbeerInv PRO GBPUSD, 240, Long ,
GBPUSD: Confirmed Double Bottom
30 0 2
GBPUSD, 240 Long
Confirmed Double Bottom

Here is the thin with double bottom. Every Lower Low was initiall ya double bottom and every Higher High was a double top. Here, however, the DB is "confirmed" by price closing above the High between the bottoms. If this DB will mark the new low and we will see higher prices then, entries can be found soon. Furthermore, you see a potetnial Lorbeer Pattern forming

LorbeerInv LorbeerInv PRO AUDUSD, 240, Short ,
AUDUSD: Advanced Trend Analyses
43 0 6
AUDUSD, 240 Short
Advanced Trend Analyses

Looks like DoubleTop in Resitance after ABCD Retracement. This hase everything that a trend follower wants to see for conservative entry. First we get the new swing low wich indicates more downside potential than upside - check ABCD Retracement into Resistance (since C retraced deeply into AB, it is natural that D is a smaller Fib extention here 1.27 of AB ...

LorbeerInv LorbeerInv PRO EURGBP, 240, Long ,
EURGBP: 3. Trade! Time to get long on 2nd chance DB in Trend direction
18 0 6
EURGBP, 240 Long
3. Trade! Time to get long on 2nd chance DB in Trend direction

After the highlighted Breakout, price pulled back and formed a double bottom. 1. My Mirror traders followed me to grab some Profti going long on the double bottom on a hedge trade agains our UERUSD short trade 2. We banked profit and shorted on a Lorbeer Pattern 3. Now its time to hop up the hedge again and chase the new hgig on a second chance double bottom ...

LorbeerInv LorbeerInv PRO GBPUSD, 60, Long ,
GBPUSD: Potential Lorbeer Pattern
49 0 7
GBPUSD, 60 Long
Potential Lorbeer Pattern

You can alos look at is form a Double Top point of view. After the "V-Point" breaks which confirms the Double Top, price often retraces a certain way before continue down. Therefore, either you trade the trendcontinuation to the long side or you take profit at the V Point or 50% Fib retracement and then go short for new lows.

LorbeerInv LorbeerInv PRO EURGBP, 240, Short ,
EURGBP: Head & SHoulder or Double Bottom. Bets are on: Long or Sort?
32 0 6
EURGBP, 240 Short
Head & SHoulder or Double Bottom. Bets are on: Long or Sort?

Time will tell whcih direction to trade for the rest of the week. WHat do you think?

LorbeerInv LorbeerInv PRO EURGBP, 15, Short ,
EURGBP: Pattern within Pattern with Pattern. Plenty Pips Opportunity!
77 3 4
EURGBP, 15 Short
Pattern within Pattern with Pattern. Plenty Pips Opportunity!

As we speek the first ABCD gets triggered. If price continues another more beneficial LorbeerPattern is waiting. On profit target yet another Long LorbeerPattern triggers. These are all short to mid term trades. Since I already am short this pair on the long run and hort EURUSD on the long run, I will only trade small size to respect my money management and ...

LorbeerInv LorbeerInv PRO EURGBP, 240, Short ,
EURGBP: Double Top in Major Resistance area
28 0 5
EURGBP, 240 Short
Double Top in Major Resistance area

Entry idea for a short assumption on the Euro. 240M candle closed below the low swing of the 2 tops. A short entry may be found in minor resistance or around a fibonacci retracement level of this swing low break mouvement. Tipically I would take some profit at the new swing low but since I am very bearish on the Euro short term I am shooting for a little bigger goal

TheWaveTrader TheWaveTrader AUDUSD, 120, Short ,
62 0 2
AUDUSD, 120 Short

Hey Traders , here we have an opportunity to get short on the aussie dollar , if you take this trade remember only risk a small percentage of your account based on your risk management strategy

Roker1 Roker1 PRO NZDJPY, 60, Long ,
NZDJPY: Using Simple Patterns with Trending Markets
97 2 13
NZDJPY, 60 Long
Using Simple Patterns with Trending Markets

Hi guys, i've already predicted this rally on this pair a while ago. Now i'm assuming price will continue in the upward direction till it will reach a major structure level. However, with such a trending market it's difficult to get a decent retracement in order to hop on the trend. That's why i'm using this kind of simple pattern formation (flags, triangles, ...

Roker1 Roker1 PRO USDJPY, D, Short ,
USDJPY: Daily Outlook on USDJPY
143 1 20
Daily Outlook on USDJPY

Hi guys, today that markets are closed i thought i could share my outlook on USDJPY for the upcoming week: as you can see on the chart price has recently broke to the downside the previous support level, this means price is telling us it wants to go lower. Of course we shouldn't chase price, instead we should wait for it to come in our comfortable zones, like ...

MorshedMustafa MorshedMustafa AUDJPY, D, Short ,
AUDJPY: Short the range
31 0 3
Short the range

Market is consolidated. Can take advantage of this short.

Roker1 Roker1 PRO AUDNZD, 15, Long ,
AUDNZD: Flag pattern on AUDNZD
68 0 10
AUDNZD, 15 Long
Flag pattern on AUDNZD

Hi guys, here on AUDNZD we have no structure looking left on the higher timeframe. In cases like this i start looking for simple pattern formations, like flags, triangles and wedges in the trend direction. On the chart above you have what could be considered a flag pattern that's been broken to the upside. Price is now retracing back and giving us a better risk to ...

eightpac eightpac USDJPY, 240, Short ,
USDJPY: USDJPY Bear Flag Set up
40 0 6
USDJPY, 240 Short
USDJPY Bear Flag Set up

Currently short the USDJPY from 114.60 but have my stop loss placed above this bear flag set up for 100 pips of profit so far, looking for a break down back to the lows of consolidation on the higher time frames. This is a purely technical trade, fundamentally it would make more sense to be long the dollar.

Roker1 Roker1 PRO AUDJPY, 60, Short ,
AUDJPY: Flag pattern on AUDJPY
39 0 7
AUDJPY, 60 Short
Flag pattern on AUDJPY

Hey guys, just wanted to show you how top down analysis can create day trading opportunities. I fully explained in my previous idea (attached beneath) why i'm expecting price to reach 85,50 level (reversal zone) so i can go with the trend assuming it will stop there. Here we have a simple pattern formation that usually occurs in trending markets, formed by an ...

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