PrecisionFXtrading

PrecisionFXtrading Updated 

EURCAD broke out of the uptrend channel & formed a double bottom with a stop hunt on the 1hr time frame. this could mean a pullback to re-test the channel or resistance area 1.52479 at which TP 1 profit will be booked in. if it breaks back into the channel, we looking at 12: 1 trade where TP 2 at 1.5695 and TP3 at 1.6098 could be reached.

PrecisionFXtrading Updated 

A week ago i went long on EURUSD -0.02% and TP1 was realized and the trade was closed at Take Profit 1 which is 38,2% of the CD leg of the Gartley Pattern . Price retested the 1,1729 level and found resistance and due to this retest, a type 2 reversal trade opportunity came alive on this Gartley Pattern . Our Take profit 1 is now 61.8% of the CD leg and my TP 2...

PrecisionFXtrading Updated 

Long on the EURUSD Gartley Pattern that completed at around 1.1755 area on the 27 Sept with RSI oversold confirmation and was also re-tested on the 04 Oct. What i do not like is the price drive through the PEZ and T-bar re-test zone. Im exposing 50% of the position if there is lack of bullish evidence in price action.

PrecisionFXtrading Updated 

Deep Crab Pattern formed on 4hr time frame. I am trading from point D to 38.2% of led CD for TP1 and 61.8% of led CD for TP2 As a rule from harmonic Trading by Scott Carney, its recommended to Take profit at TP1 since this is Type 1 trade.

PrecisionFXtrading Updated 

Looking to short the BAT pattern at 0.886 or point D, risk to reward ratio of 1.5 before finding the previous structure resistance

PrecisionFXtrading Updated 

With RBNZ looking to cut interest rate, this could mean we in wave 2 and buying wave 3. if you dont know how to count waves and use Fibo, stay out of it.

PrecisionFXtrading

looking to go short opportunities at point D with a 5-0 harmonics pattern

PrecisionFXtrading

EURUSD waiting till complete E wave then enter short after confirmation