AnriErikanov

AnriErikanov

Ok if your a pattern trader like me this is one of the better setups to trade an overal bearish trend with a deep retracement that ultimatley formed a triangle is a good entry especially when price broke out; Now I don't usually trade breakouts most of the time If you follow me you know I trader the pattern before the breakout occurs because of higher returns but...

AnriErikanov

It doesn't look good with the sp500 the strong trendline has broken as well as previous support probably because of the strong yen making trades with china more expensive and that could reduce the profits of the company. Oil is bearish because of the oversupply makes price cheap oil companies are struggling. I wonder what the next intrest rates are going to be...

AnriErikanov Updated 

Ok so after observing this pair for the best entry I waited until the pattern broke out and decided to get in when it retraces like now I like this setup because it's an overal bearish trend and will likely continue The retracement was needed to entry for a better risk&reward and price might go beyond previous support where I set my target anyway I will close...

AnriErikanov

It seems like a bearish future for this pair I was looking to get in the trend when I saw the wedge pattern but that broke and found support at 125 but can easily bounce off and head lower because of the overal bearish trend No important economic event that could change the bias so I expect a move at least to the previous support at 122 target set there and...

AnriErikanov

Very important ! Enter small because there is going to be alot of volatility and you want to add when the events come out and are bearish Good risk reward trade

AnriErikanov Updated 

Technical view on AUDUSD: clear descening triangle indicates to short, at the bigger timeframe there is a premature H&H pattern if it completes it would be a good short oppurtunity RSI Show some divergence on the 1hour chart indicates weakness in the retracement stops set above previous resistance target at key support

AnriErikanov

Hi you might wan't to consider going long on this pair because price is at its lowest and is overextended and formed a potential falling wedge on daily supportive trend has recently broken and might find resistance at the trend that's why target is set at previous resistance or diagonal trend resistance Because this is a premature wedge you can enter small...

AnriErikanov

Ok this is a good one : After 2weeks of struggling finding patterns I find this one my favorite rising wedge: rising wedge indicating bulls are getting excausted RSI divergence I always look for the least risk on a trade and this meets my criterea

AnriErikanov

Trendline has broken with an recent retracement that formed an pennant good entry to short here Tomorrow volatility is going to encrease so I am looking to hedge my positions before non-farm payrolls

AnriErikanov

After a week rally on this pair the trendline has finally broken now I am looking to re-enter at a higher price because price is now at 0.5 fib level target at previous low

AnriErikanov

Good entry/re-entry to short bitcoin

AnriErikanov Updated 

I have had a though time this weak identifiëng patterns but I got one this is an head and shoulders normally you enter at the neckline but At the 15 min there is a wedge pattern that indicates you can get in earlier Target at fib retracement 618 and extension 1.0 stops above head

AnriErikanov

Ok here I have found a rising wedge and works well for me in the past other indications why You should take this trade is simple 1.price hitting previous resistance 2.RSI gets in oversold terrotory 3.Nice risk over return

AnriErikanov

If price gets at previous support there would be a good entry to buy Aussie because of the symmetrical triangle and double top on the daily Nice risk to reward No big events happening this week that could shake and change the market perspective

AnriErikanov Updated 

From an elliot wave analysis standpoint this could be a very good long oppurtunity because of the rare case that price breaks trough A indicates a strong bullish move can occur Good entry or re-entry (inverted hammer) Very nice risk to reward target set at previous resistance Be aware of consumer priced index

AnriErikanov Updated 

I have had a lot of succes with the wedge pattern so I use that pattern alot for finding oppurtunities: So for an technicals standpoint price was moving sideways recently with an sign of weakness because of the head and shoulder pattern that I drawn for you I am looking to enter small so if price moves up I don't risk that much and I don't miss the uppurtunity...

AnriErikanov

Well first I shorted USDJPY predicting price would go bearish now I am looking to do that with bitcoin (long) increase risk and adding to my position but on another "market" or how you would call bitcoin anyway From an technical standpoint I amd getting in lower and be patient to see if price bounces If it goes against me stops are placed below 390.00 and target...

AnriErikanov

The sp500 hasn't started really good this year and there are some real problems here and we are going to discuss this what is happing right now . -I think stocks are massively overvalued and bought by the goverment to prevent stocks declining to fast now the question is how long are they going to hold it I mean there is only one buyer rising the market but is it...