This is a continuation of my old trade setup, it has sailed half way & still half way to go. Holding, below 2.0000 is again adding to sell opportunity. Simple, so it got to be effective =)
Big double top / Small double top. Neckline break & time to go short.
EW count on an h1 time frame. Short-term selling opportunity. Details on Chart
I m looking to buy to sell the pair as per my EW count. I may be right or wrong but if it is what I think it is, then it will pay a huge dividend for the risk I m going to take. Always remember in forex, risk/trade management is the name of the game. So if I m wrong I will know in first buy itself & I will lose 1R, but if I m right then in my first buy I will...
Butterfly pattern in formation, if the level holds then look for completion of CD leg of Butterfly & Wave 3 of EW count. =)
This is basic stuff which keeps happening almost in all pairs & all time frames. Once you get the eyes trained to know this pattern, then only this setup & discipline will keep u on profitable side. Eye ball & try to find this setup in your charts & keep practicing it till u are comfortably finding the live trades in your chart.
All pairs XXXJPY is in corrective structure & any trade looking to buy should be considered as counter trend trades. GBPJPY longs are one of such counter strike attempt. Price is making 5-wave corrective structure in larger time trame & within those 5-wave correction I m looking to buy the break of corrective correction wave. Break of expanding wedge will push...
Completion of 3 drive pattern suggest sell off in this pair. This is directional post only, please use your trading method to get in & out of the trade. =)
As we can see price is within down channel & there are plenty of good levels below for price to get attracted too. A retracement towards 82 handle will provide good opportunity to short this pair. Please note this is market directional post for this pair, & any entry if found one, then I will update it below this idea in comment section. Alternatively you can...
Hey there! This idea is going to play itself out over the period. Huge price drop due to de-pegging of CHF from EURO has sent price plummeting to low @ 0.96XX handle. Generally after such huge drop, price climbs up to top slowly as seen in USDCHF & GBPCHF. (See the attachment in the comment)
Was stopped out in short trade, so its time to go long. Details on the Chart !