we all saw how last nights london and yesterdays yellen speach drove euro markets up. yet it did not effect eurjpy. why?? because markets dont move based on news, they move based on reactions to news and they do what they want to do. news is mostly used as an excuse for markets to move. double top right here. get ready for the selloff since last night london...
dollar this london is just giving setup after setup
gu is at 61.,8 for a london sesh reversal
dollar will gain strenghth this london session. gold will sell eur will sell, gbp will sell...
cadjpy has put off a bearish bat. i am looking to hop on this train for a trend continuation as this is just a retest of structure. i have my original analysis here so you can understand this setup better. click on the pic below. my target other than your average 38.2 and 61.8 is a higher tf 382 that goes with my last analysis for this pair. also great fib...
cadjpy is making an ending diagnal coming right up into this strong supply zone. could be a good oportunity to open a short position for the pair this upcoming week. after the retracement we can look into taking some long positions
we have yet another pattern here, this time on gbpjpy. closer you are to sl on entry the better for your r/r
we got a bat and a perfectly alligned but smaller ab=cd pattern that starts at C point of the bat and ends at D. all fall into place at a nice structure supply zone sl- 114.301 tp1- 112.521 tp2- 111.811
setup i might take this week. nice double top in structure on the 1hr for a trend continuation trade. target 1- 1.618 inverse expansion target 2- 1.27 expansion sl 10 pips above highest high of double top if you want to take it maybe wait for a better entry for better r/r. market clearly closed at a 61.8 of the move up creating the double top. so i do expect...
after profiting from the bat and breakout pattern i published 3 weeks ago we have yet another pattern in an oversold market thats been moving down way too fast. RSI is almost indicating oversold and cypher pattern D completion point lines up with bat pattern 78.6. also if my elliot wave count is correct we are in the fifth of the fifth so we can be looking at a...
fibonaccis are pointing at a very good setup to go short here the gbpjpy we have a lot of fibonacci confluency here at the retouch of the breakout. we have a 61.8, a 38.2 and a 127 extension that all line up at the 162.680 level. if the market makes its way up here it will give us a good setup to continue going short with the bearish trend
good oportunity to short the pound at the completion of target 2 of the gartley. for trend continuation. the pound has been in a powerful downtrend so i do expect the market to react to its original trend afrter pattern targets get hit
perfect time to long the pound dollar. setups probably dont get any better than this. we have a pound aussie that has just met its weekly support on a very bullish weekly chart uptrend. if this support holds we could be going into wave 5 of the bull trend and we can have some really really ideal risk to reward trades coming off of this pair. you can wait for a...
waiting for the completion of this AB=CD pattern to take a short entry. its an early spot so take advantage. entry: 131.726 tp1: 131.093 tp2: 131.693 sl: 132.289 feel free to modify your stops to fit your trading style
now everyone who watches this pair knows it moves pips so right here we clearly have a head and shoulders accompanied with a break of a trendline. we see lower highs and lower lows so this could potencially be a good trade for those of you who trade head and shoulders patterns. me personally, I don't trade head and shoulders but I will leave this here for anybody...
hello traders! I was a bit busy today and missed the exact breakout of the eurusd but ive been having these setups just waiting to see what happens. we currently find ourselves in a small ab=cd pattern which I do expect to retrace back to previous resistance which falls in line with our 38.2% target. now I'm not taking any positions due to the terrible risk to...
well the chart says it all. lets see what happens these next few days;. happy trading!