EUR/GBP is coming up to form a triple top at the marked zone which is also in confluence with the 38.2% fib retracement of the larger impulse move downward. We’ve entered short to catch the small movement of the initial impulse continuation
We initially missed the entry down low but the market has retraced its current move to the 38.2% fib retracement which also aligns with othe structural levels putting us back into this trade and we still have a great risk reward ratio using the 50% fib retracement area for stops and our targets around 0.86700
We have a break of the trend line and we’re waiting for a close below on the 1H chart as our entry
CHF/JPY has reached its daily support and I’ve found entry reasons on a smaller time frame
This pair seems to have entered a small consolidation and we’ve been triggered into this trade with a good risk reward of 1/2.24
As we approach the 1.0000 mark we already see buyers exhaust, we can use 38.2% fib retracement for first targets and a nice risk reward!
GBP/USD has formed a new resistance zone with the market consolidating at this zone we could see buyers finding this area valuable.
I am waiting on the completion of 1 of the 2 harmonic patterns shown on the 15M chart AUD/JPY. For exact entry’s, stops and targets I’ll post them to my newly formed Telegram channel which will only be updated with possible harmonic pattern trades. t.me/mentalmillionaires
CAD/CHF is once again testing resistance For a nice short position with a good risk reward.
USD/JPY has come in to retest the higher time frame resistance and has just broke and will close below the lower time frame support. We’ll enter on the close of the 1H candle and set first targets at 107.10 then long term targets at the 105.000 area
GBP/NZD is on its way down after the break Of the trending we can expect this pair to complete its move to the downside (previously tested lows) Wait for the retest on the trend line for the best risk reward ratio and confirmation on this amazing Setup.
EUR/JPY has bounced off this resistance yet again. If you’re aggressive on the entry as I am 117.617 is your entry. With targets at the 38.2% fib retracement area (118.413). And stops just below the previous swing low at 117.40 for an amazing risk reward ratio. Otherwise wait for the break of the top trend line on the 1 hour chart for the upward movement...
Targets are also around the 38.2% fib retracement on the higher time frame Trend so it should be a nice short term trade
0.98925 is the optimal entry zone for a short trade with our first, second and final targets marked out
BGP/USD Has reached resistance zone and has put in a head and shoulders pattern on the 1H chart and a double top is in completion on a 30M chart. Targets could be placed at 50.0% fib retracement level
EUR/JPY has reached its 118.810 support level and has reacted positively (Also Bat Reversal Confirmation) Entry set at 118.086 .. You can set first targets at the 38.2% fib retracement area for guaranteed profits (118.560) and stops at 117.556 (previous support and start of bat harmonic pattern which gives you a nice risk reward and even better on second targets...
NZD/CAD Has reached support zone at 0.82866 With a Long bias targets could be placed around the 38.2% fib retracement (0.86765) Entry 0.8231 SL 0.82800 (41.6 pips) TP 0.86765 (354.9 pips) Risk/reward ratio of 1 : 8.53