A very clear Head and Shoulders chart pattern has been presented on GBPJPY on the 4 hour timeframe. The daily closed with an evening star which suggests a bearish momentum.
The entry is really close so a sell limit pending order is a great way not to miss the trade. The stop loss is really tight as well.
The news of this afternoon could push the price heavily to...
GBP pairs are going to get strong in the following weeks according to the higher timeframes such as monthly and weekly. I'm currently waiting with a buy limit set at the price below the current one to enter and witness the price rocketing to the weekly and monthly take profit level.
ALWAYS trade with the trend and follow the higher timeframes because they never...
Very great trading opportunity on XAUUSD. Price made a lower low on Daily and and right now price is approaching the entry point for a short. A lower high is expected following the market structure. The risk reward ratio is absolutely incredible and the stop loss is really tight.
A sell limit order is advised to catch the entry on time as a strong and volatile...
Very deep pullback to the 78.6% of the previous move. The main trend line might hold as it is pretty strong so a last slippage to the downside is expected to trigger the pending order for longs.
Target on weekly.
Break of the last high. Waiting for a retest and then explosion.
Very risky trade as tomorrow The Parliament will vote on Brexit so it can go to stop loss.
In case it works it will definitely be the trade of the year with a massive R/R ratio.
Pending order at the indicated price.
Simple breakout and retest trade of the last highs. Target on weekly so there's room for another leg to the upside.
Fundamentals are strong due to Brexit news, but weekly timeframe is very reliable so the bias still remains the same.
Risk/reward ratio is on point.
Entered short for the continuation of the descending channel. Very simple trade yet very effective with a great Risk Reward ratio.
Another good confirmation is that MA's crossed to the downside which indicates the shift of the trend.
Higher Lows structure respected so the upside push is coming to break this consolidation area. Fibonacci confluences around 1.15500 as 1st target.
The weekly timeframe shows an ABCD pattern to be completed with the same target area of the daily.
Opportunity to buy at 1.136010 with an amazing R/R ratio.
Daily timeframe is showing a clear head & shoulder pattern which indicates that buyers are ready to push the market up to create a new high.
The target is 1.15500: this is spotted with the Fibonacci tool on both daily and weekly.
The risk & reward ratio is pretty good for a swing trade operation.