GBP/NZD:
• If price pushes up to and ideally just above our lower rayline and it does so correctively, then I'll be looking to get short with a risk entry either after a phase line break, or just below a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan...
it's forming pretty big bearish pattern (correction). It may go to bottom of the ascending channel if it forms bearish pattern and break it. Looks pretty good potential break-out entry here.
Q: What has the highest probability of occurring?
There are bearish pattern failures followed by bullish pattern validations into an uptrend.
There are 2 classic patterns 1 is validated the other has not validated.
The cup & handle is in breakout and is approaching its target.
The pattern projects $0.2175 per pound as the target.
The bull flag is not...
It looks bearish for the sugar nearing 0.19332 on a bearish retracement.
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Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; -it is not to advise on financial...
not a recommendation, but with very little risk, there is probability to go down below the resistance. If it will happen, the reward will be huge, so worth of risk
Good morning one and all.
I hope you're well.
So yesterday I took another loss, this time on SUGAR/USD which has now rocketed to the upside and although I'm now consistent enough to be able to trading professionally based on the very large sample size of fully documented and journalled trades that I have this is currently my worst run of form from a results...
Good morning guys and girls,
I hope you're doing well.
I placed a short trade on SUGAR/USD yesterday. It met all of the criteria which has made it possible for me to trade professionally, but once again the liquidity just hasn't come into the market in my forecasted direction. On the lower time frames this trade no longer looks great from a structural...
SUGARUSD. Watch how Sugar responds to the trend line after the symmetrical triangle breakout. Entry at the intersection of trend line and EMA 10 EMA 20 with rejection candlestick wick. In the this technical chart there is a TREND, Diagonal LEVEL, and SIGNAL.
Good morning guys and girls,
I hope that you had a great weekend.
I've got quite a lot to get through this morning.
So I was tagged out of my EUR/CAD trade on Friday for a nice little profit of +1.94%. As price broke below our daily double bottom area I was keen to start locking in profit even more aggressively just above it and when price printed a one hour...
Good morning guys and girls,
I hope you're well.
Before I explain what I'll be looking for today let me just say before I forget that I made a slight mistake with my forecasting yesterday morning. By that I mean that what I said I'd be looking for from each pair beside the bullet points which I list beneath each currency pair subheading in my forecast...
SUGAR/USD:
• If price corrects and a tight flag forms, or it impulses down still further, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
•...
