AUDUSD is in a downtrend on the Higher Time Frame. After missing the Bat pattern yesterday I'm still looking to get short on this pair. We also have a Fib Inversion lining up in the sell zone. Target #1 - Retest of Lows Target #2 - 1.27 Fib Ext of last leg Stops - 1 ATR above Previous Swing High
AUDUSD has been in a heavy downtrend. Just keep selling the rallies. I'm using the Bat Pattern for my Entry on this Trade. The Fib Inversion lines right up with Bat Entry. The Bat lines up with Structure on the 1hr Time Frame. I'm am going to assume that the RSI will be oversold once up there. CTS score of 7. If we get any divergence on the RSI that will put us...
Sorry this is getting out a little late. I haven't had time to Publish it due to my Daytrading this morning. USDJPY Bearish Trend Continuation Trade (TCT). It has a CTS score of 6 depending on how you score it. We have structure, fibs, and an ABCD Pattern all lining up in one area (Purple Box). Also the RSI went oversold. I used the 3 Bar Reversal technique for...
Trend trade 1 st target = 1:1.62 risk to reward
Many would call me crazy for looking to short the Cable ($GBPUSD) knowing that we're at a major level of structure on the daily chart, but IF we get the right type of retracement, there will be plenty of room to profit and exit the trade in what will simply look like retest of structure lows on the HTF. As you can see on my chart price action has recently gone...
It is been looking weak due to such long consolidation on resistance level. I estimate this to go down to a target 1 at 750. Weekly chart also trend down and that exactly reflected on its daily chart. Keep a strict stop loss at 802 in order to protect your capital.
Please see chart above for Stops (stop 10 pips below X leg) and Targets (Target 2 is a few pips below 61.8% Fibonacci Retracement). Positives: Trade is in direction of trend RSI Divergence Any feedback is welcomed!
I'm looking at two opportunities her eon the AUDCAD hourly chart 1) A Trend Continuation opportunity and 2) A bullish Cypher Pattern. Now of course you can combine the two, but when working with newer traders my advice is to pick and master a single strategy first, then add or start to combine later in your trading career. If you're new to following me this was a...
No fancy shapes or anything like that today just a pure structure based setup for you guys. We'll be looking for long opportunities on this pair today in my Live Trading Room looking to hop on the current outside return. We're actually inside the killzone as we speak but I'll be waiting for a lower place of entry since I'm more or a trend continuation trader not a...
USDJPY, like all JPY crosses have been declining in heavy trend. I'm looking to Short USDJPY on the 1hr using a variety of entry techniques that are all lining up in one area. 1. Trend Continuation Trade - I like to sell these pullbacks somewhere between the 61.8% & 78.6% Fib retracements. I like to see some sort of Reversal Pattern or Candle in that area before...
A simple trend continuation trade with a great risk reward profile. Additional confluence added where price capped at the 76.4 fib retracement along with structure and daily fib levels. Trade safe
EURUSD is currently in a bear trend. I'm looking to sell the rallies in this pair. This has a pretty good Combined Technical Score (CTS), depending on how you score it, I came up with a score of 7. Watching the RSI as Price pushes higher the RSI is making Lower Highs.
looking for trend continuation pattern on GBPCAD. possible short at 2.05 first target 2.03 SL 2.08
It is trading in a range bound within a triangle, overall long term trend looks bearish and now it is an good opportunity to short and be with the trend.
Right now I'm Still Neutral on SPX500. This could all change IF we break & close below the Major Support level on the Daily time frame. IF, we break & close below that level, THEN, I would expect Price to run back down to Previous Lows (Green Dashed lines on Chart) @ around 1880's level. So far in this Uptrend we have started making a series of Higher Lows which...
Well its been no surprise that CL has been in a bear trend for quite some time. We will continue to keep selling the rallies. I just missed my fill on this trade. Maybe it will come back up for me.. We will see. The TCT was based on the 78.6% fib retracement and Fib Inversion Trade which completes at the 1.618% ext. The pullback also put in a harmonic move (not...
The S&P 500 has been in a Bear Trend on the 1hr since Dec 2. We will continue with that theme and sell rallies. This is at market Sell on the S&P. Stops above the last swing high and Targets are down at the lows and 1.27 Fib Ext (all shown on the chart). Entry was a rally into the 78.6% Fib Retracement, 1.618%Fib Inversion, and a complex pullback in the form of a...
Syndicate members you have a video on this setup coming soon, but what I'm looking at here on the GBPJPY are trading opportunities for those who want to get either long or short. The Long opportunity would be a potential 2618 trade if price action were to reverse and retrace back into the double bottom that we established last week and the Short opportunity would...