AUDUSD is at a Major inflection point in the Market. We are currently at a Daily Trendline and at Major Resistance. Right now the market is coiling up at Resistance. Now, it could be coiling up for an upside move through Resistance or may be coiling for a downside move to stay in it's current trading range on the Daily. We don't know. However, with all that said,...
I got short earlier this morning on this Descending Triangle Breakdown. I've been watching this pattern develop all week and it finally broke down early this morning. Watch out for that 113.00 even handle on Target #1 Best of Luck
EURAUD is in a Descending Triangle on the Daily Time Frame. We are currently back at the bottom of the Triangle and at a Major Support level. This is a good spot to look for some sort of bottoming pattern on the Lower Time Frames such as a Double Bottom or some other simple pattern in this support level. The RSI is setting up to give us some really good...
Gold on the Daily chart has been in a nice uptrend for most of the year. We are seeing a pullback right now and I'm looking for a good spot to jump on the Long side in this market. This 1250 area is where I think is a great spot to look at getting long. Good psychological number plus we have some structure looking left. We are back to the breakout area from the...
I got triggered in a short on AUDUSD 60min. This is a Trend Continuation Trade (TCT). AUDUSD on the 60min has been in a nice Bear Trend. I'm hoping it can keep it going! :) Best of Luck!
Just got long on a USDJPY 60min Bull Trend Continuation Trade (TCT) USDJPY is in the middle of a higher time frame breakout (Ascending Triangle). I will be exiting this trade at either the retest of the recent highs (Target) or on break of support (stop). Best of Luck!
GBPAUD is putting in a Wedge Pattern on the 60min time frame. These Wedges typcially end in good breakouts. I will be looking to trade this breakout in either direction. This pair has been very bearish as of lately, so I would like to see it break to the downside. Entry - I will be waiting for a Break & Close out of the wedge and will be looking to buy/sell on a...
Gold has been on a strong rally all year. It appears to be pausing for the moment and refusing to make and lower lows or higher highs. To me this looks like the Market is flagging and pending a breakout. If it breaks out to the upside look for $1,400 to get tagged. If it breaks lower look for $1,250's to get tagged. I have no idea which way this will break......
AUDUSD has pushed back down into a High Time Frame Support. Since then it has a created a Balance Area inside the support zone. I got long this evening on the pair around the .7500 handle. Its not often I will shoot for really extended targets but I think I have a good shot here being at a HTF Support Zone. The key is not getting stopped out before or IF the...
I just got long on EURUSD. It just broke out of its recent balance area on the 60min. I'm expecting a retest of the recent highs. Stops are 1 ATR below the Breakout Candle Targets are measured by the height of the Balance Area + Structure
GBPUSD has been in a consolidation period for a few days now on the 60min. It broke out of the Balance Area this morning and now I'm looking for a retest so I can get at least a 1:1 R:R on the trade.
USDJPY on the 60min in consolidating in the shape of a Descending Triangle. These patterns tend to cause large breakout moves in the markets. I'll be watching this pattern and will be waiting for a Break & Close out of the pattern to give me direction. As of right now I have no idea which direction it will break, so I will not involve myself until I get my...
I just exited my GBPAUD Bear TCT. The reason I exited is because my Trading Plan says all Breakout Patterns take priority over all other types of trades. GBPAUD is forming an Ascending Triangle. Typically these patterns occur after a long heavy downtrend and mark the temporary bottom. There is so much room to the upside for a market correction. Also it's...
GBPAUD has been in a Bear Trend on the 60min for quite a while and it'v moving very structurally. I just got short @ MKT. Stops are above the last swing high and the target is down at a retest of Previous Lows
AUDUSD has been making a series of Higher Lows.. This potential Bat Pattern will be an ideal spot to take a long on this pair. It will give you great Risk/Reward. I will be using it as spot for a TCT (Trend Continuation Trade) and will be targeting the recent highs. I will be trailing my stop on the way up IF the market allows me to. Best of Luck
Just a good buying opportunity on NZDUSD with a good Risk to Reward. Just about 2:1 on this trade. - We have a double bottom - Bull Gartley lining up in my kill zone - ABCD Pattern lining up in my kill zone - Break & Close above structure - Fib Inversion a bit lower inside the kill zone
NZDUSD has been in a downtrend on the Daily chart for a very long time. We may be in the middle of another retracement giving us a great opportunity short into strength. This will be a Huge trade and would require a 350 Pip Stoploss. But the Reward is over 1,200 Pips. This is an excellent opportunity for a Position Trader as it will take months to play out. I...
Every time the S&P has made a Balance area at it's all time highs it has sold off hard. We just broke the most recent balance area to the downside again.. Looking for a bear run for quite some time. I fully expect market to revisit 1850's again, just given previous patterns. Best of Luck