Gave this trade plan a while ago, we had a good play with some confusion along the way but it was a good trade, looking forward to the next trend channel on EURUSD , consistency is what brings profits, keep doing what works for you,
took this trade a while a go, while everyone took losses i held on to profits, took a second entry in feb, now i would just sit tight and watch for the next move and how the next trend channel would play out , check related idea i attached to this post for more info
on my previous post on GBPJPY, i was looking too small for a trend channel but price showed my this week that actually the trend channel is wider than i though or was expecting, so my aim is for the next higher high level to resist price and start the bears wave for the next lower level,
after seeing the first wave of the trend channel go and the second wave begin with a double bottom i aimed for a buy at the low of the first bottom, often i like to wait for H4 candles to close so as the pattern bottom level was hit the H4 candle closed we took a buy, target it he next higher high on the trend channel,
our last trade on US30 was the previous trend channels breakout you can check for your self, so watching this pair through out feb. i was trying to make sense of what i was seeing, seeing the first wave of the trend get done with and wave 2 is starting off with a double bottom we buy for the next higher high of the uptrend channel, doing more work i was able to...
on my previous GBPJPY trade plan i didn't get the trend right so i had to clear my chart and start all over so seeing it clearly now a downtrend channel with price making an bulls wave to the high trend line of the channel. so our target is 2800 pips
gave this EURJPY trade plan but 2 weeks ago held but then when the war rumors started spreading i changed my view of the market which was a bit wrong, but the trend when smoothly hitting my tp, my trade group get in on the second sell which i posted {check link in comment section} which was about 2200 pips
after my short on btc from 66k {look back at previous crypto posts } price hit my tp at 35/33k and ever since respected that level now i see a double bottom pattern but nothing is certain in the market until lines get broken so we wait for price to break the pattern line and at the retest we buy for the next resistance level, when a new trend starts we would jump...
so looking back at the month all my first trade plans where all accurate before i got confused with putin's war mongering. but here on USDCAD my sell level was always been i.28307{check comment section for when i first posted the USDCAD trend and look at my first sell level} after seeing the daily rejections i changed my view which was wrong leading to losses but...
on EURUSD i see a double bottom pattern playing out, its not yet a certain trade until this H4 candle closes on the upper side of the trend line/pattern line. its a 900 pips trade, should be good
USDCAD has been having a crazy time but its still a very accurate trade plan,here we had 2 double tops making 4 tops for this short trade plan, we took a short at the first head second head third head and now the 4th head, if you look back at my previous USDCAD posts you would see this, so we sell to continue the trend channel downwards
GBPJPY has been playing a bulls wave on this up trend channel i gave a buy at our first buy at 153.708 if you can look back at me previous gbpjpy post, and we took profits at 157.673 making +3000 pips in profits now we buy again to complete the bulls wave for the higher trend channel line, my target still remains 160.150
i got in on this gold trade i posted earlier too early, price when straight for my sl, i was supposed to wait for pride to retest the broken trend line got too eager but now it has retested i sell for the next low,
EURUSD has been on a down trend and on my trend channel its making a down wave to the lower trend channel or next low, seeing price didnt break the pattern line for a double bottom buy, and the H4 shows bears coming in so we sell continuing the down wave to the next low,
on EURJPY we had a sell price then pulled back to retest a previous broken level at 131.100 so watching last week i thought it was headed bake up to form a double top so we closed on our previous short, but seeing price retest my moving average this morning and the H4 closing as a bears pin bar we took a sell for our next low
XAUUSD is playing out a double top pattern through my calculations its a 100 pips move so i waited for the pattern line to get broken then i sold for 100 PIPS plan, which happened to tp at my next support/resistance level
my view on EURJPY, i see a double top pattern in play same with the eurusd, but also agreeing with gbpjpy, so when gbpjpy sell starts wwe also sell on eurjpy and eurusd, our aim should be to sell at the top and hold till the trend channel is broken
we have a nice double top bout to play out on the D1 time frame of the EURUSD pair, our aim should be to sell at the top when price gets there, we took out previous win from the first short, as we saw price reversal on the daily moving average,