Daniel.Dalo

Daniel.Dalo

2618 Trade: - After the double bottom, we get a retracement to the 61.8 from last swing. - We enter on that level with first target on the most recent highest close and stops just a few pips below the double bottom.

Daniel.Dalo

Just realized there is a Cypher pattern and Gartley pattern completion at the same level (0.8740) in confluence with support level, so a great opportunity for making quick profits with target at 0.8771 and stops just a few pips below X and support level around 0.87228 Good luck!!

Daniel.Dalo

To go with the bigger picture trend, which is bullish, there is an opportunity to go long at the completion of a Bat pattern with target at 0.87280 Good luck! I'm still watching what will this pair do, because although the underlying trend is strongly bullish, price has been consolidating a bit, so maybe it's time to look for shorting opportunities. Let's see...

Daniel.Dalo

I am short on this pair, as it made a new lower high with almost an overbought condition on the RSI and the RSI showing divergence from previous high. Target is the 127.2 extension and stops above previous high. At the target point, there will be an AB=CD pattern completed, so a good opportunity to go long there, but I would wait for price reaction on that zone...

Daniel.Dalo

As the underlying trend is bearish, we have an opportunity to jump on that trend and go short: 1) This pair ended the week on an oversold condition in a bearish trend, so we can expect it to go to the 0.5 retracement level from last swing down, which is in confluence with previous support, now resistance level. 2) We can go short from there with stops a bit...

Daniel.Dalo

Long setup: 1) Wait for price to retrace to the 38.2 retracement from last swing up in confluence with previous support level. 2) From there, we can go long with targets around 1.36640 at completion of AB=CD pattern and major resistance level. The higher timeframe bias is bullish, so we would be with the underlying trend. Good luck!!

Daniel.Dalo

Structure based trade: 1) Wait for price to reach resistance level (green dashed line), which is in confluence with the 38.2 retracement from last major swing down. 2) From there, we can go short with stops just a few pips above last structure high (marked as LH) and target around the 127.2 extension and support level around 101.212 Take into account that the...

Daniel.Dalo

Two possibilities on this pair for next week: 1) Price might form a double top right at major resistance level. This give us an opportunity to go short, but we have to be careful about our targets, as there is a support level around 1.7002 2) If price reaches lower levels, there is also a Shark pattern that would be complete at around 1.69625 with fibs...

Daniel.Dalo

Let's see if this trade plays out. It's still a long way for the pattern to complete and might get invalidated, but if it does, it will complete just at the entry level of a Supply zone at 102.090, so it would be a great opportunity to get short.

Daniel.Dalo

Everything right now is a sell signal: 1) Price is below the kumo, tenkan-sen and kijun-sen. 2) Chikou span is also below the kumo. 3) The kumo is bearish. But! We have to be careful with the support area in which price is at this moment, so it's better to wait for a breakout before entering this trade to ride the trend down.

Daniel.Dalo

Here are some possibilities to trade off in the EURUSD pair: 1) Blue Gartley completion at 1.36250 2) Orange Bat completion at 1.35578 3) Supply level at 1.36300 (big round number as well) I'm not convinced right now with these patterns as they lack strong structure at the completion point D. I mean, there is a bit of structure, but I would prefer to see how...

Daniel.Dalo

Currently waiting for price to reach the demand levels marked below to go long. Target and stop are marked in the chart. I'm only interested on the one at 0.9375 because a demand level below another demand level has more chance to success and more profit margin. Let's see how this goes.

Daniel.Dalo

There is a Bat pattern forming right now in the USDJPY pair. If it completes at around 102.276, targets could be at: TP1: 102.068 TP2: 101.939 (be aware of the demand level above) There are also two demand levels below current price, although I'm only interested in the lower one, as price left that level with strength, so there might be a lot of buying orders...

Daniel.Dalo

Currently watching this pair very closely, as it's forming a Bat pattern with completion near a supply level, which gives us a higher probability trade. There are also two well defined targets for this Bat pattern. First target around the 38.2 retracement, as there is a strong structure level and then a second target would be the confluence between the 61.8...

Daniel.Dalo

Looking at some levels of supply and demand on the EURUSD pair. Currently, price is in a supply level, came with strenght to the level, so I thought it might hold good, let's see what happens. There is also a nice demand level below, at least 20 pips of profit we can take on these trades if they go well.

Daniel.Dalo

Guys, this is a great short opportunity as a Bat pattern is close to completion on the 4H timeframe. This pattern has great internal structure for possible targets (which I've marked on the chart) and point of completion right at a good resistance level as well, so very high probability trade here. We can have an extra confirmation at point D if RSI goes...

Daniel.Dalo

Looking at key supply and demand levels on NZDUSD pair. Price recently hit a key supply level and resistance level as well and had a small reaction, however, I wouldn't take profits beyond the demand level below, just because of the strong movement to the upside, demand seemed to be in control in the last weeks. Nevertheless, If that supply and resistance level...

Daniel.Dalo

After identifying that small Cypher earlier, I noticed how a bigger Cypher is forming with a lot of structure inside also. Let's see how this plays out :)