I'm expecting an aggressive short on $EURUSD - Probably within the 4hour timeframe(The triangle forming a squeeze). There's been sharp downward movements in regular predictable intervals as seen in RED Arrows. The Bulls are buying far less aggressively and the trend suggest they are losing steam - GREEN Arrows. I anticipate a sharp downward movement and have...
USOIL, as stated in earlier ideas, went parabolic these last couple of days. It seems many sellers' stops got caught during this move. However, higher TFs now show a healthy trend continuation patterns evolving. At this point, there was a failure test below previous psychological high and now this market seems ready for a pullback formation before another bullish...
On the 1H chart, the EURGBP is showing a completely different story. Here, the market is showing a bullish momentum. In this situation, if the EURGBP decides to drop just a bit, there's a potential bullish Cypher pattern for a buying opportunity. The Cypher can also be used as a trend continuation trade strategy. This is a good opportunity for day traders.
Bull Flag formed up, what are you going to do? I've a plan for this, waiting for it to trigger. Plan Your Trade, Trade Your Plan!
Daily Chart shows a double bottom with RSI Div and at H1 a bull bat. Will pretty much wait for this set up for bull bat to hop onto a trend continuation trade!
Currently USOIL is testing upper MLH of inside fork as well as the lower 0.5 of regular fork based on pivots that were formed later. An inflow of supply at this level is expected. Selling short 6635 with 1.8*ATR stops and looking for 2R-3R targets below is the plan.
Step #1: Attach the Donchian channel indicator to your chart. Preferred setting 20 periods. For the purpose of this example, we’re going to plot the Donchian channel on the 15-minute time frame. The preferred Donchian channel settings is 20-periods, which means that the channel lines will be calculated based on the price action from the last 5 hour candles Note*...
GBPCAD Harmonic Pattern is made, and now the market is starting to push down, if you are a fan of Harmonics, you may enjoy the move!
Low volume, weakness on a key support level, overall market dullness after a downtrend and a huge descending triangle on the daily chart all indicate that we may see Bitcoin drop further in the following days. Although a short term upwards move to 7000-7500$ cannot be ruled out. Best course of action is to wait for a valid breakout in either direction, then trade...
USOIL is seemingly done painting a pullback pattern. It reached 0.618 retracement level of previous bear leg, as well the 0.236 fib extension is pointing to the same level. If this market continues with the recent downtrend, these two levels should attract supply and a break to previous lows can potentially occur. The inside fork's MLH on bear impulse move pivots...
EURUSD is gaining bearish momentum after hitting the 0.618 fib retracement of last bear leg and reaching the upper MLH of inside fork based on the entire bear move since its peaking. The market at this point normalised the oversold condition and the 4H 150 MA is reached, making it a perfect spot for trend continuation players to step in. Selling 1.1790 with...
This one look pretty sure except for the News for USA on Wednesday that could break all the pattern and defining a new trend.
OANDA:NZDJPY TRADE PARAMETERS Pick Date : 06/11/18 Plan A Entry : 76.83 Stop : 76.63 Target : 78.99 Plan B Entry : 76.39 Stop : 76.19 Target : 78.99 TRADE STRATEGY Income Type : Swing ENTRY Plan A is a fresh 1H demand zone RbR nested in a new 1D demand zone created on the last move up. Speculating a continuation of the bullish trend . Will be doing a set...
OANDA:USDJPY TRADE PARAMETERS Pick Date : 06/07/18 Entry : 109.44 Stop : 109.24 Target : 113.42 TRADE STRATEGY Income Type : Swing ENTRY 109.44 is a fresh 5 min demand zone RbR created on the last move up. Speculating a continuation of the bullish trend. Will be doing a set and forget limit order. One can enter in the zone at 109.52 just use risk...
Looking at USOIL, if we put in a lower low, lower close blow our current level, we may be in store for an equal measured move down to our next level of previous structure support. Akil
My previous USOIL trade setup failed dramatically. Losing trades are regarded as a business expenditure once risk management is set up properly. It seems USOIL is going through the long-awaited pullback to bring this market back to normal state form being way too overextended. I anticipate bears will try to take this down to around 6750 where they will potentially...
Gold broke its trading range to the downside but bears are seemingly not capable of taking it lower. Taking long positions at this stage is justified with tight stops under recent low of 1282 . The R:R could be better on this trade but that's one of the drawbacks when traders wait for a breakout of the trading range as a confirmation to enter the market. There...
There's a constant inflow of demand for USOIL. Dips are being bought by trend continuation players without hesitation and the overextended state of this market is not scaring bulls away. Given the HHs and HLs , it seems reasonable to buy around 7150 with tight stops under recent lows around 7120 . Lower probability set up with decent R:R.