TP 9.60887 ( RR+2.18)
INTEL: The contraction is leading right to a previous top making this a possible double top pattern.
Price action achieved a fake-out to the upside, showing that the "buyers" are dying out.
TP1 (50%) and TP2 (61%) both line up with previous resistances, now supports.
I just went long on NZDUSD with what is most likely a contraction breakout.
Remember that I only trade 1 pattern across all markets, FX, Commodities, Stocks, Indices, Crypto.
TECHNICAL INTEL: Trading a contraction which has made a breakout and re-test already. A double bottom was achieved at the re-test.
FUNDAMENTAL INTEL: NZD and AUD are quite affected by the...
In my view SP500 is cooking a vicious selling opportunity, I am not in the trade yet as I was on a holiday and resting from the charts after an action-packed 8 months of trading...
I only trade one pattern and that is the Contraction pattern... one is cooking on the weekly SP500 chart and I fully expect a repeat of 1937 to start in September this year... so I am...
The RR on this setup is a positive 2.4 and im trading a reversal contraction, it is a short-term contraction with the TP being just 53 pips away which will make this officially a Moneymonday.
JPY is showing weakness acorss the board at this time with contraction occuring virtually on all JPYXXX assets.
Most markets are closed today.... but Cryptos are not so I spent some time looking for possible trades in the Cyrpto world!
In my opinion, BTCUSD is preparing for a short... a bearish contraction is forming and I am now waiting for the 3rd Higher High which will confirm an excellent short selling entry. (based on my trading system)
Remember, my system doesn't...
RR is a positive 3.4 and im trading a contraction reversal, no breakout yet. But expecting something good for the UK with BREXIT.
As stated in the PipsMatter community, GBP showing BULLS all across, this is one of those 10/10 setups!
*Full trade detials in my community
I've been shorting this since last week, but didn't release the trade idea.
I just added on to my sell with this continuation pattern.
Im trading a breakout of the contraction, a basic PipsMatter pattern.
RR is very solid!
Using the PIpsMatter System to release this trade idea.
I released it a while ago in my trading community, the trade is a day trade and it is interconnected to the USD Index which also suggests that the Dollar will be weak.
Looks like easy pips as this is a great PM trade setup!