We recently saw a new structure low on EURUSD. The X Point was therefore a fake breakout. We are now looking for a Cypher completion at 1.0784's which perfectly lines up with fibonacci inversion and strc. Good trading. -Felix
After a previous new strc low we saw some consolidation at previous structure. Now looking to short via Pattern Formation. Make sure you take the right action according to your personal Risk/Reward rules. Good trading. -Felix
I analyzed this pair before for a test of the lows from .7062 to .7022, and an extended target for an scenario of a breakdown, but it didn't happen and got only the test of the lows, and now we have this even better opportunity! If the doble top completes would bring an excellent R/R. You can always enter aggressively but the R/R will not be THAT good.
stops below X. target is at A-point retest.
hey, traders. bat is almost completed. stops below X. target is A point retest
I typically do the bulk of my weekly analysis on Monday after the New York close, but because last week was spent focusing on the educational side of the business, I wanted to get an early start and get back in tune with the markets. Looking at a potential trend continuation trade here on the EURUSD. Obviously we have a good amount of time before (if) we get to...
This is just a simple retrace back into structure trade. Shorting at .6650 stops just above the swing high with our target at the swing low. Good luck trading.
This NZDUSD trade is something that I've been keeping tabs on for the past few weeks. In fact by this point I think my Live Trading Room & Sydnicate members are probably sick of me mentioning it. But during yesterday's FOMC events price action finally pushed down into the area that I was willing to buy at. Although i didn't get filled on the initial push (due to...
We had huge move down Thursday and Friday. I'm looking for a short continuation trade off the spike and channel .382 fib retracement at 1.1052 down to the 1.1000 level and a possible follow on target at the 1.272 ext at 1.0980. I would wait for price to test the 1.1052 level before going short. If price breaks through that level there are a couple of nice levels...
USD/CAD made new structure highs. This is a simple long trend continuation trade back into structure with a .382 fib retrace correlation. I'm going to wait for price to double bottom or reject the 1.3084-1.3056 level. I would take my target at the 1.272 ext at 1.3240. You could hold part of your position up to the 1.3400 level for a long term play. Good luck...
Not a pair that’s in my trading portfolio but I have no doubt that this will be on Jason Stapleton’s radar during this morning Warroom meeting. This is a simple Trend Continuation Trade (TCT) setup on the CADJPY as we look to get long at our current level of structure support. WHAT I’M LOOKING AT Price action has just broken a resistance level and has retraced...
As you can see from the explanations on the screen we are lining up for a possible bullish setup on EURGBP. It really depends on specific price action and candlestick analysis
Prices are on a trading range after a strong move down. A Bat pattern is formed on a key resistance level. Price Action is showing weakness.
I have highlighted daily support areas which are confluent with Fibonacci levels. I lean towards the Bearish side, however I would not discount the Bullish targets on screen, especially with announcements from the US today. The bullish or bearish move will depend largely on price action and candlestick confirmation for me. Another reason for leaning to the...
NZDUSD completed a bearish Wolfe Wave pattern last week and is nearing the PRZ of a bearish Gartley to possibly continue its movement south. This pair has been in a 14 month long downtrend and the steep pitch of the 1-4 Wolfe Wave target line signifies a deeper continued drop is possible. Those who missed the WW sell entry will have an opportunity to enter when...
Here on FX:EURJPY we have a very nice harmonic moves inside the channel. This is so called 3-drives pattern and we have a very nice trade setup to go short. The structure and harmonic moves gives us the clear opportunity to sell. Our target is the next support level @ 134.72 with the confluence of fibs 50.0, and stops go above previous lower high. Note, that we...
Hey traders, sorry for being away all week but I needed to get away from some of the negativity that exist on these social sites and concentrate fully on what matters most TRADING. The chart above is of a trade we took on the USDJPY this week using nothing more than the fundamental skills of reading a price chart and using the Fibonacci ratio tools. Obviously...
On FX:EURGBP , we have clear downtrend; price makes Higher High and Higher Low on 1H chart bar; it supported by Trendline. Also, potential Bat pattern appears, which increase the probability rate of this set-up. If price finishes the Bat pattern, it could be a good opportunity to go short at Trendline, at 0.73178 T1 - 38.2% T2 -61.8%