As mentioned in a previous post, I try to make a habit of looking at pairs outside of my trading portfolio in order to stay sharp and work on my technical analysis skills. Today I found a nice potential opportunity on the EURNZD. Syndicate members I'll be talking about this setup in a little more detail in the video I'm about to produce for you, but essentially...
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...
Hey traders! we have an opportunity here to go short. We have a good structure zone, expecting the price to drop from that area.
1st of all thanks for all of the great feedback on my recent article in FX Trader Magazine. You guys are great!!! Now to the charts! GBPUSD is making it's way down to a key decision point level. I call this level a decision point because how I decide to trade this will be determined on what type of decision is made by price action at this level. If you've been...
Hey, traders. Uptrend presents. Gartley formation almost completed. Looking for trend continuation here. Support me with your "like" and "follow". Do not be lazy to check my attached ideas. There's lots of educational stuff that can help you to improve your trading)
Hey traders! Sorry for not posting, was busy with my work. Here we have potential bullish cypher pattern. Expecting a reversal from there after the completion. Important structures are marked. These are good potential reversal zones.
So was a little bit early on my entry as we moved almost 55 pips higher! But what we have seen is the pair come back up into recent highs and form a Double top. This are is well into the oversold area of the RSI How there are 2 possible outcomes we could come back down to the 0.77743 level and bounce or If we break structure there is a possible 2618 set up,...
SPX enters the key area for its nearest future as the price came up to 0.764 fib ret of the last downward move and the 1.618 extension of the AB leg in the potential structure pattern. Look for the signs of weakness on 1H chart (divergence on RSI or price channel breakout) it may be goog risk reward short trade with stops above 2120 and potential targets...
We have had our Double top and impulse leg down if we see a retracement to the 618 I feel that pervious support could act as ressitance and see a move to the downside
Hey traders! we have an opportunity to grab this long @ 0.74239. Price action is trading above both the EMA's. Also we have previous structure zone where we might see the pattern completion. expecting another impulse to from.
I have left everything on the chart for you guys/girls to read. if you have any questions just send me a message and i can help out sure thing. Just want to shout out to Akil Stokes and Jason Stapleton for great material. Go check out there free stuff! They have by far the most valuable trading information on the planet and 99% of it is all free
EurUsd currency pair is nearing a short term support level. Watching previous price action we are most likely to get a bounce for 60 to 80 pips from this support level. Stops should be @ 30 pips from entry. Hit like button if you really liked it.
EURUSD currency pair is nearing a short term support level which i think would most likely give us few very high probability pips on bounce. EurUsd is behaving like this of late. Best of luck.
They are not perfect (proportion wise) but the similarities are obvious in terms of structure. so if it fails to break above 438 it will keep following the structure of the bigger rectangle with blue borders which means down to 390-380.. but if it does break up from this structure I think there is a big up possibility. by the way I'm long with a tight stop.....
Hey traders! I have a short setup here in 240min timeframe. Price action currently trading in structure resistance. RSI hidden divergence showed up which shows a great chance to take this short, a nice trend line showing good resistance too. The stop loss amount is a lot. I would not put more than 1% risk here.
Hey traders! Posting a chart for EURUSD after a long time, and here I have come up with a bearish Cypher pattern completing @ 1.11635. I like this blue zone, It has been tested a couple of times and thus it has strong potential to pull the price down once again. So the cypher completing at previous market structure, expecting the drop to 1.11352 if it completes.
As the USDJPY finally shows some relief from it's tirade last week, we have a potential bearish bat pattern forming at a previous level of consolidation. The HTF structure lies a little higher at the red dotted line, but it would not surprise me at all if we saw a reaction between 114.50's and 116.00's Other pairs that are on my radar today $GBPUSD, $AUDUSD,...
Perfect scenario to enter the EUR/USD long, 1,12 is an important support zone and psychological border. We follow the general upwards trend of the last weeks by opening a long position. Target is set at the last structural zone. Stop-Loss a few pips below the support zone. High Risk Reward Ratio!