I've got to run soon so I'm not sure if I'll be able to catch this or not. But for those looking for the next place to short Kiwi this area looks as good as any. Harmonic move, fib extension, multiple fib retracements and of course structure to hide stops above. If it's still a potential trade by the time I return I'll keep you guys updated on what 'd be looking...
There is a good chance we see AUDUSD to continue its donward-trend. It has now possibly reached a counter-trend-top in its most recent reaction-move. The outlined short-Trade has a favorable RR of 3:1.
This continuation play is somewhat related (call it the prelude) to the trade idea linked under "Related Ideas". After the strong US jobs report on Friday, this pair became instantly bullish and gained 185 pips. We now have a bullish rectangle developing on the hourly, which could serve as an entry pattern for a continuation of the trend. Inside the rectangle...
I already entered a short position at 0.968. I think a downward trend will continue after a short pullback period in wich we are now. The trade is fundamental based on the Policy of Reserve Bank of Australia. It cuts the cash rate by 25 bp to 2.25% to a historic low. They argue that it will boost the economy and will provide support and growth. Well we will see ...
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible EURJPY Trend Following Short Opportunity 1. Underlying Trend is Short. It has reached a particular level where it may try to retest previous highs (there is a counter trend opportunity as well) 2. 78.6 fib at the previous high 3. 10 SMA and 50 SMA are lagging behind and around the same area...
After the SNB announcement the USD plunged against the Swiss Franc. Since that day it has been fluctuating in an ever smaller range (see the 240 chart), never exceeding the 0.88 range. This forms a flag pattern on the chart which usually results in a trend continuation (in this case to the downside) On the 60 min chart we can see a bat pattern completion which...
This pair (as many other EUR pairs) has been very bearish. We are looking at a potential Cyper Pattern completion here around 1.4331 (a 1.618 extension of AB and 1.414 extension of BC can be found a little lower) where you can enter the trade for a continuation of the downtrend. C did not fully reach the 1.272 extension of XA but is within a couple of pips from...
Nice profile on this pair looking at Lower and Higher Timeframes
What fun would trading be if we didn't stem up a bit a controversy every once in a while. Now when looking at the higher timeframes everyone is calling for a long on the GBPAUD based on the previous level of structure that we're coming into. Me...well I took a short position this morning at the 86 even handle. Seeing how more than 80% of traders fail I have no...
we will maybe see a Head&Shoulders pattern along the trendline. this would also set up a Gartley around 350.00, which is a massiv sell zone for me, as we're in a down trend atm.
After yesterday's scare, Gold has given us an outside return back into previous structure highs. On the way we've happened to form an advanced pattern as well. I typically prefer deeper completing Gartley patterns, but even though this one is shallow, it goes with the underlying trend. Pattern traders can look for a move back down to that magical 1200 level, why...
Bullish bat Pattern with the trend on GBPJPY
Trend Continuation at bear bat completion 8367, further into 82 even handle
The (4 hour) 10:00 candle bar on 06/11/2014 sharply broke below the 1.24700s resistance level, indicating a bearish market continuation. My aim is to go short on the pair, once it tests this level which should now become support. This prediciton is backed up by an X to A 0.618 retracement on this same level, and RSI divergence on the 15 min chart.
Not a huge 4 to 1 ot 3 to 1 Risk profile , But Beautiful setup as anyone would like to have if He/She is a trend Continuation Trader .
So simple case that you almost can not believe it! Best regards A.i