NZDUSD is stucked at this super strong resistance zone of 0.7320. This morning, price tried to break up, but failed once again. Will be executing a short at market for a range move towards 0.72. Easily a 1:2 R:R play. EP: 0.7310 SL: 0.7360 (50) TP: 0.7210 (100)
Did a short trade few hours back on a range play and got stopped out. Looking at how easily the breakout occured without significant vol, the market is telling me that sellers have all been taken out and it is an easy path for kiwi to head higher. Next area of interest to look at is the 0.75 level where the bearish shark completes. Till then, watch the NZD...
Hey guys, GBPUSD just broke out on the daily chart. Do not be in a hurry to short as this channel is in play. Will be looking for sell setups when price goes above 1.34, it could hit 1.35. Will keep you guys posted, this could be a nice move that could bring gbpusd from 1.34/1.35 back to 1.3.
Hey guys, this is a nice bearish shark completion on GBPUSD. 1.2995 was the PRZ completion on a 1.13XD shark. Early next week, price might hover sideways or retrace a little, I will be looking to short when Europe opens around 1.2950-1.2970. SL will go at 1.3030, TP will be at 1.2870. Good luck and good trading!
Hey guys, I'm short EURNZD on a bearish shark pattern. Entry will be around current market price 1.6610, stops will be at 1.6680 and TP will be at 1.6460. Good luck and good trading all!
1.2667 is the potential reversal zone. This is the bullish shark pattern on the daily chart. SL 1.2540 (137) TP 1.31 (443) Will be watching price action at reversal zone before entry.
Bullish bat pattern completes on USDCHF at around $0.9460/70. The slide should continue this week, but I will be actively looking for bullish clues to go long when it hits my PRZ. Will be aiming for the 0.618 retracement of the AD leg for profit taking around $0.9610. SL will be just below the X point at $0.9410.
Hey guys, I am potentially buying GBPUSD. I will be waiting for a break of this downsloping trendline before I buy. I will be looking at the volume indicator to ensure it is not excessive(black) before I go long. This is a C-D move of the bigger shark pattern too. TP can easily reach 1.3220, SL 1.2820.
Hey guys, I am initiating a short on USDCHF on this shark pattern completion. I will have my stops at 0.9765 and my tp at 0.9620. Good luck and good trading all.
Hey guys, this is what I see on GBPUSD. A bullish bat that aligns with the trend which completed at 1.2860. Next week, I will be waiting for a pullback into 1.2860 before executing my long trade. EP: 1.2860 SL: 1.2810 (50) TP: 1.2980 (120)
This is one of the top 3 cryto currency traded. The name is LiteCoin and this is one I have on my watch list. Bitcoin is hitting brand new highs while litecoin is still hovering sideways. Will be interested to buy some coins when it comes to 18.10 which is the completion of the harmonic shark pattern. Will keep you guys posted when it gets near my entry.
Hey guys, this is what I am watching for GBPAUD daily chart. 1.61 will be a critical level to watch for long positions. Will be looking out for the bat pattern completion as well as extreme vol activity. Will keep you guys posted. Any pullback to top of channel is short term short until it hits 1.61.
I'm back. Took the longest break of my life in trading to handle my other problems in life. Certainly one of the toughest year yet, but I survived. Looking forward to contribute here once again. USDCAD H4 Long term trend channel intact, looks like a retracement for further selling. Any pullback into the lows of the smaller channel can be a short term buy...
Hey guys, this is my plan on how I will trade USDJPY. Price is very bullish, it has retraced close to the 200ma now. At that level, look left and you can see a nice SNR zone. Around this zone, it also completes an ABCD pattern. Next week, this will be my plan. EP: 113 SL: 112.20 (80) TP: 114.30 (130)
Hey guys, a bearish shark completed on USDCHF just last week. This is a nice setup which is aligned with the overall trend over the past few months. For next week, I will look for a pullback to 1.0055 to 1.0060 for a short. EP: 1.0055 SL: 1.0120 (65) TP: 0.9895
Hey guys, spotted a nice setup on GBPCHF. It has 2 patterns terminated around the 1.28 level. 1. ABCD 2. Deep Gartley The trigger to short will be the break of the support trendline. Do watch it closely. EP: Around 1.2720 TP1: 1.2540 SL: 1.29
Hey guys, have my eyes on a short term long on AUDUSD next week. The pattern I will be trading is the inverse HNS setup on the H1 chart. I like the volume activity at the current level. EP: 0.7390 SL: 0.7350 (40) TP: 0.7500 (110)
GBPNZD will complete a bullish 5-0 pattern around 1.8708. This is nicely aligned with the bigger trend. There are 2 ways to enter into this trade. 1. Buy after candlestick reversal at 1.8708 2. Buy after price stabilize around 1.8708 and break above trendline Targets will be right back at the highs around 1.8860. SL will be 50 pips below the entry. This idea...