Correctly identified the Double Bottom here. Also gave this trade idea on Wednesday for an 8% gain. We actually took 2% profit on the pullback below support.
Again, correctly identified the H&S pattern but no sells with the 61.8 below the neckline. Now we've broken that, sells on the retest.
No trade for us on EC this week as I was waiting for clear bias with either the double bottom break of structure or continuation of the LH's and LL's. Now we have that confirmed bias with the break of support, next week we should go lower, with CAD gaining on Oil's rally.
Not only did we correctly identify the falling wedge at the beginning of the week but we also then identified the new structure with the Higher High's and Higher Low formation. 1st entry got stopped at BE and 2nd saw -2%. We should have hit 18% over the 2 entries but just got wicked out in the red zone.
Another that got stopped at Breakeven this week. Forecasted the entire 300 pip move but we didn't push high enough into resistance at the top so waited for the break and retest of the middle support turned resistance area. Would have been another 6%.
14% SHOULD have been taken off this pair this week! Identified the pink zone at the start of the week for confirmation and got wicked out by 8 pips before price smashed TP. Was awaiting a retest of the 38.2% Fib area for a 1:4 trade but price didn't quite retrace - which also smashed TP! Targets identified by previous highs and top of ascending channel which...
Price played out analysis perfectly. Wanted a daily break through that previous resistance and wedge structure before executing buys and got that yesterday. However, price closed too far away from support and thus RR would have been sub-optimal. 800 1D EMA identified earlier in the week as another ceiling has also played out down to the single pip with the doji...
Very weak bullish close on the daily but resistance broken. Target is clear. 800ema lines up perfectly with -23.6% fib.
Still bullish outlook but in a no trade area. Pictured is what I had planned to trade yesterday but with us already having an open position didn't want to over-leverage. See if this support holds OR if the descending short term trendline reacts on the magic 3rd touch!
Potential break of structure here on long term fib level... Also Double Bottom formation.
Clear higher high's, higher low's structure playing out. 1st entry taken out at breakeven. 2nd stop too tight. 3rd entry ONLY with a bullish push above Fib and mini resistance to indicate bullish momentum.
Buys on retest of minor support as shown. Unlucky with first entry got wicked out by 10 pips before price pushed higher. Support should hold if retested with 38.2% Fibonacci Level there also.