Hi guys,
just wanted to share with you this Cypher pattern that i'm going to take. It completes near the previous resistance and the RSI is in overbought condition.
Stops above X, targets as usual with advanced patterns.
If you want to share your view or ask questions, feel free to write below.
Otherwise, see you in the next chart!
Hi guys,
just wanted to share with you this Cypher pattern that i'm going to take. It completes near the previous resistance and the RSI is in overbought condition.
Stops above X, targets as usual with advanced patterns.
If you want to share your view or ask questions, feel free to write below.
Otherwise, see you in the next chart!
Hey guys,
as you can see above in this pair price has recently created new lows, breaking structure to the downside. This tells us that price wants to go lower, therefore we can look for shorting opportunities at structure level, such as the broken support that should act as resistance once it was violated.
In this zone it happens to be the D point of a Gartley...
What a nice structure at FX:EURJPY … Three sell-offs of almost exactly same length. As the last candle was an indecision candle, I'd suspect a great opportunity to go long. First retracement stopped at 0.5, the second was fully bought back before the sell off continued. In my opinion it's targets T1 at the 0.618 retracement of the last move (RR 1:2.3), T2 at...
Here on the GBPJPY we have a very big triangle pattern that appears to be breaking out. No if you don't trade breakouts, missed the breakout or just want a little more confirmation, you can wait for a pullback and then enter on a simple trend continuation style trade. Now minimum stops need to be above the previous swing high, and you can take targets a multitude...
Hey guys,
very simple trade, price has completed an AB=CD pattern on this pair, right at the most previous structure level. Also, it has created a nice long wick to the top candle that closed as engulfing, with RSI overbought condition in our support.
Waiting for a little pullback in order to short the market and get at least a 1:1 RR on the first target that...
It seems we have a probable LONG trade possibility on this pair, based on the following factors:
Elliott wave count suggests a wave 3 has almost been completed and is on the last price action through to the wave 3 target. Pattern structure has been broken for a small upwards move (to target 1 and/or 2) before it continues downward. Stochastic suggests a...
Breaking down AUDJPY i was able to observe that the high was tested at 87.425 earlier today and was not able to break the price. That is a structure being held from DEC12th It doesnt lead me to believe a reversal is next. I believe a retest in this price will occur; Or consolidation will occur between the the structure price range given in the graph. I am seeking...
Hey guys,
this evening i'd want to share a setup that i will closely look at in the next few hours and probably on Monday opening. This is a 2618 trade that's forming on EURNZD. If you're not familiar with this kind of formation, it basically consists in selling/buying the 618 retracement of the leg that breaks the double top/bottom's neckline. Essentially it...
Check out chart for details. Summary: wait for price to break through major support then short on re-test. Target the essentially un-tested (tested by three daily candle wicks) previous all-time high breakout area.
Based on structure there is a trade setup with good risk reward , grey zone is from daily timeframe , and blue zone is in hourly zone.
In the blue zone you can look for entry reasons accourding to your trade plan , mby in smaller time frame.
Sam
We have tested and not been able to break this Key Level at 0.75324 for almost a week, Now we have broken below my target is the 0.73307 level with lines up with the 618 retracement of the recent impulse leg up
Hey guys,
i've been watching closely to gold lately and i've found out that it basically respect structure like any other pair i'm trading. So i've decided to apply some analysis to this instrument in order to give you my particular view about it.
The black line represents a daily structure level that i pointed out last week, after the first test price action...
Hey guys,
another simple pattern on my radar today. This time i'm right on time because the break has just happened. You can see the big impulsive leg that broke multiple structure levels on the 4hr chart. Like i said on the previous idea usually after impulses like this price put brief form of consolidation like flag, triangles and pennants.
You can trade in two...
Very nice trend continuation setup on XAUUSD. This is definitely a longer term hold, but if you have the discipline and patience to hold on to it, this could be a very good trade.
Price action is putting in a double top right at the 38.2 Fibonacci retracement level which happens to line right up with a nice support level to the left. Now we know structure acts...
Hey guys,
this is a very basic concept of a structure trade. As you can see above on NZDJPY price just came out from a consolidation period and put new structure highs. At this moment i know my bias would be long; but i can't enter a trade long on the top of the movement, i should wait for price to give me a better entry in order to catch the upward move.
My...
