Here we see a completed Cypher pattern on the Canada japan charts. The pattern suggest a continuation in downtrend and appears to be respecting the linear regression.
I believe that the market will rally down into the 1.618 extension of the BC leg before consolidating again, or reversing.
I have placed my entry at current market price, my stop is at the...
#USDJPY Short Idea (Butterfly, Harmonics, 200sma)
@TradeYodha
TradeYodha.com
Further my analysis which resulted in very good profits:
Analysis:
1. On higher time frame it is ultimately forming Head and shoulders pattern
2. 10 sma has gone past 200 sma and 50 sma showing high downward momentum
3. Price is not stretched away from 10 sma indicating the...
#USDJPY Short Idea (Structure, Fibonacci)
@TradeYodha
TradeYodha.com
1. Is Daily chart showing us a possibility of H&S (Head and Shoulders) forming?
2. on 4H zone we have 200sma. The price has closed above 50sma so the next target can only be 200sma
3. 200sma is in an important area where there is a lot of fib confluence indicating formation of advanced...
#NZDUSD Multiple Opportunities (Gartley, Structure)
@TradeYodha (TradeYodha.com)
1. 4H can form a Gartley Pattern but point B is a good support area so we can have a bounce from there too. It has 200sma in it.
This gives us 2 opportinities for Long. First at point B and second at D
2. Point B can be seen in 1H chart as lower zone. We can target 1:1 R/R
3. 1H...
@TradeYodha
TradeYodha.com
GBPCAD 4h Short Opportunity
1. Structure retest
2. FIB 38.2 level confluence with 161.8 fib extension
3. 50 sma in the region
Beware of the round price level 1.91000 close. Price can retest that and fall
Hope this give you some useful ideas, don't forget to hit the like button :) Thanks
Remember- Plan your battle well in advance and win.
