IkeOkeke

IkeOkeke

Good Afternoon Traders, Haven't posted in a while so here we are! Here's the NZDCAD -0.13% which has just broken what appeared to be a flag pattern .. I was expecting one more move up within the apex of the flag but it broke out early which wasn't a problem. I waited for a . 618 retracement and got in at 0.93413 and the market has made available 68 pips already...

IkeOkeke

Keep your eye out for the short. Stop - 112.224

IkeOkeke

Just a quick short opportunity on the GBPAUD. Entered trade at 16945.2.

IkeOkeke

Flag forming on the 1hr chart UKOIL, short term sell opportunity.. Trade with care, Ike

IkeOkeke

Currently a small flag is developing on the FTSE and I do believe there is more room for a correction however remains bearish in the larger picture.

IkeOkeke

Currently in corrective structure.. waiting for drop

IkeOkeke

Currently in a corrective structure, just waiting for the next impulse to the downside.

IkeOkeke

Good Evening Traders, Cypher Pattern has completed on the GBP/USD. The 14- Period RSI is oversold adding to the confluence. TP - 1.23706 Follow me on Twitter - @BrightForex Thanks and Good Luck! Ike

IkeOkeke

Good Morning Traders, The trend line on the NZD/USD has been broken. I'm simply waiting for a retest of the trend line for a potential buy position. The RSI is currently oversold, therefore a pullback should give the RSI some room for movement. I'll keep you all updated on this position! Many thanks and good luck, Ike

IkeOkeke

Good Morning, Afternoon and Evening Traders A week later from my post "Sterling heading for 1.21 level?", the cable has yet again pushed into the very low levels after UK Prime Minister Theresa May stated last week that triggering article 50 would mean the UK not having access to the single market. This wasn't great news for the cable at all, and consequently...

IkeOkeke Updated 

Good Evening Traders, The pound has broken through key support and resistance, now at the sloping support level. After the key S/R being broken, we had a retrace and then a continuation of the down trend. I believe the sterling now has the momentum to head back to the 1.21 level, previously seen post October flash crash. With only months before Prime Minister,...

IkeOkeke

Good Evening Traders, The completion of the D leg (red tick) should form a bullish bat pattern. The stop has been placed at at X (also a key support level), giving a 3.59 risk to reward. My limit order has been placed at the D leg (0.96133) First Target - 0.96806 Second Target - 0.97032 Follow me on Twitter: BrightForex Thanks and Good Luck!

IkeOkeke

Good Afternoon Traders, A cypher pattern has completed on the GBP/USD 1Hr TF. The C leg came very close to closing above the 1.414 extension, luckily only wicks formed. My stop has been placed at the X leg, which also ties in with other key support/resistance zones. First target - 1.23227 Second Target - 1.23678 Follow me on Twitter: BrightForex Thanks and...

IkeOkeke

Good Evening Traders, After an impulsive move to the downside (green arrow), price has slowly rallied up into the previous structure low. Expecting price to break out of the triangle into the 142 level. Follow my twitter: BrightForex for more ideas! Thanks and Good Luck! Ike

IkeOkeke

Good evening traders, Just thought I'd share this head and shoulder pattern, just waiting for the right shoulder completion. Good luck with 2017 trading!

IkeOkeke

Good afternoon traders! So here we have a bullish bat pattern that has formed (Completion on the .886 retracement) Stop has been placed at the previous swing low giving a 1.36 R:R I'm still backtesting these patterns therefore the trade will be on the demo account, however looking forward to see how this pattern pans out. Any questions, feel free to ask!...

IkeOkeke

Head and Shoulder Pattern has completed on the cable, however I'm curently waiting for the break of the neckline, then a re-test of the neckline for entry.

IkeOkeke

1.33571 holding as a key resistance on the 5 min TF. Potential sell opportunity upcoming. Simple S/R chart analysis.