Oztrade

Oztrade

Hi All, not sure if I posted this the other day but I have had this on the radar after we completed our B leg, after FOMC with the jump in the USD and this pair somewhat correlates with AUDUSD we seen the drop in AUDUSD which in turn pushed this pair slightly higher. With the momentum of the USD maybe we will see this pair continue upwards, we can only see 3...

Oztrade

Hi Traders, another pattern to keep on your radar for those who trade advanced patterns and also trade EURAUD. Early prediction as always, we try to keep in front as much as we can. Still over 250pips away but as we know the markets can move and we miss them very easy. I have marked a yellow Price Alert level so you can manage your trades easier, when you have...

Oztrade

Hi All, I just wanted to share this potential Bullish Bat Pattern forming here on USDJPY. As always Entry Stops and Targets on screen Entry - Standard Bat 88.6% Stops - Below our X leg @ minimum 1.113% Initial Targets from our D completion - 38.2% and 61.8% retrace from A to D leg - targets to be adjusted on D completion. As I am typing this price is going...

Oztrade

Hi All, I wanted to share this potential Bullish Cypher Pattern - this is an early post as there is not much room after we pass the B leg to post this for you to keep on your radar. As always on screen Entry, Green is the standard 78.6% entry Minimum Stops Red Target 1 - 38.2% Retrace from C to D move - remember to adjust when we have D completion. And have...

Oztrade

Hi All, another one to keep on your radar we have a potential Cypher Pattern here on USDJPY I will also be keeping an eye on this pair if price continues upward and we dont break the C leg with a minimum of 62.8% retrace then we may have a Gartley Pattern close to the same entry level as this Cypher. It will be interesting as we have had a break below B leg but...

Oztrade

Hi All, I wanted to post this chart early to give traders who trade advanced patterns time to keep on their radar. Here we see a potential Gartley and Cypher opportunity. As always on chart entry targets stops Green Entry Zone - Gartley between 78.6% and 1.272% Green Entry Level - Cypher 78.6% Minimum Stops above the X Leg - I would be concerned with having...

Oztrade

Hi All, just thought I would get this out to keep on the radar, if we see price continue upwards it could provide a good opportunity for a shorting position retesting these highs. If we proceed downwards I have posted a previous Bullish Cypher Pattern, if price breaks this level of 2.15000 there is a larger BAT PATTERN and I will surely post this depending on...

Oztrade

Hi All, I wanted to share this potential Long Opportunity we see forming here on GBPAUD, If price gets to this level we have Cypher Pattern completing at our 78.6% which is our D completion. We also have Fibonacci Confluence with the minor 1.414% Fibonacci Extension from our recent C leg to the low structure after C Leg - or you could say the outside return We...

Oztrade

Hi All, I wanted to share this potential Bullish Gartley we see setting up here on the Daily. As always Entries in the Green Zone - I Between 78.6% and 1.272% entry level Stops below X @ a minimum level of the 1.113% Initial Targets just below 38.2% and 61.8% using the Fibonacci Retrace from the A to D leg - and making sure you adjust targets after D...

Oztrade

Hi All, I wanted to share this with you obviously trading is not a game, but it has similarities with NFL football. We have a game of Bears VS Bulls - so thats 1 similarity we have 2 teams - As we see here on screen we have our Football Field - which has similarities to Trade Zones and Fibonacci The end zone is obviosuly where the bulls and bears want to get...

Oztrade

Hi All, I dont trade NZDUSD - I wanted to share this for those who do trade this currency. I have noticed some potential opportunities here, one being the Double Bottom - which would be brought at the next bar market after the test of the structure level and showing RSI Divergence. Those who missed this opportunity - would look for the 2618 trade - being 2 for...

Oztrade

Hi All, I wanted to explain some things with advanced patterns and basic analysis of trades. Many traders wonder why cant we trade an aggressive C leg and ride it all the way to the D completion. In this chart, after we have the B Leg 50.0% would you trade just past the 38.2% which is the C leg for BAT - if so you would have had buy order and lost. How do you...

Oztrade

Hi Traders, I wanted to share this Bullish Bat Pattern setting up here, I am a bit early on this but hopefully it will give traders the opportunity to share and enough time to place the trade. If this meets their rules, obviously we are not signal service and only to share our idea's. I would hate for you to take a trade of mine and it loses, as we know we cant...

Oztrade

Hi All, I wanted to share this potential shorting opportunity. As always STOPS ENTRIES AND TARGETS ON SCREEN Red - MIN STOP LEVEL - This is minimum stop level however we have some room to keep it above the next structure level if we break past X - this will provide us with another protection level. And still be in a better than 1:1 RR GREEN - 88.6% Entry - I...

Oztrade

Hi All, I wanted to share this with you to help explain Stop Hunting Strategy. Many of you may still wonder if it is actually true and speculate and some may even get confused on this strategy. The Big Forex Players have a lot of money invested in their orders to gain as much as they can, they will use the even numbers and have a zone where they know that there...

Oztrade

Hi All, I wanted to share this with you explaining Cypher Pattern. On the left are steps required for valid Cypher, and the right Pane is the Stops and Targets First I will explain the numbers I have noted on the charts, this is a standard procedure I follow 1. Recognized Structure - Potential X to A leg 2. A Leg is now formed 3. B Leg and lets see how far...

Oztrade

Hi Traders, I wanted to share this early in case we go past the B leg and I dont have time to share with you, here we see 2 potential opportunities for shorting AUDUSD. I have also posted the Bullish Bat Pattern last week so if we continue downwards we would look to enter the Bull Bat. As always color coded for easy reference. Gartley Blue Bat Pink Entries for...

Oztrade

Hi All, I wanted to share this chart with you and show you the importance of controlling your emotions during trading. Psychology is a very important aspect in trading. Why emotions drive the market, its not the news events the banks the props firms or the fundamentals but the actions from every participant in the market that drives it. It is how we interpret the...