UnknownUnicorn8360477

UnknownUnicorn8360477

Hi Traders, Yesterday was a good day to catch lot pips with the huge impulse up on DXY fueled by news. Most traders was anticipating this move but but did you enter because of FOMO? For me, I saw the sell on GBPUSD but did not take it because it was not part of my trading plan and I did not want to jump in just because of FOMO. So how do I handle FOMO: 1....

UnknownUnicorn8360477

Hi Traders, Nice and simple. Wait for retracement before going short. Stop loss protected by 4HR resistance and target at 0.618 fib level of the daily impulse. What are your thoughts? Do your own trade analysis and use proper risk management.

UnknownUnicorn8360477

Hi Traders, As we can see price broke above the daily resistance now become daily support. Now, price retraced to the daily support that aligns with the 0.328 fib level. Price action indicates that price will continue to the upside. However, there are negative confluences which makes this a risky trade. One, I am anticipating some weakness in AUD in the upcoming...

UnknownUnicorn8360477

Hi Trader, This is the set up for a long position on USDCHF. There are two areas for excellent entry depending if price retraces or not. Target will be the 0.50 fib level of the daily impulse, which also aligns with the neckline of the M formation. Any trade can fail, but I feel good about this one. As always do your own trade analysis and use proper risk...

UnknownUnicorn8360477

Happy Wednesday Traders, Just entered a long position on USDCHF! See explanation on related idea below.

UnknownUnicorn8360477

Hi Traders, How much of trading is intuition? Do you have a strict trading plan or do you incorporate your gut feeling? For me, its the latter. This is a clear example. My technical analysis says GU will continue the upward trend to the 0.27 fib level after bouncing off of the 0.5 fib level. However, my gut is saying sell because other XXXUSD sell today and...

UnknownUnicorn8360477

Hi Traders, This looks like a 🔥 setup! Price formed a triple top and it is close to breaking the 4HR trend line. Wait for a clear break (possible a slight pullback) then sell to the weekly support. What do you think? Remember even the best setups can fail, so do your own analysis and use proper risk management.

UnknownUnicorn8360477

Hi Traders, A double bottom seems to be forming on USDCAD. We can look for potential move to the upside. However, there is not enough confirmation for the move as yet. So we wait. If you would like to know when I enter this trade or for more idea, like and comment.

UnknownUnicorn8360477

Hi Traders, USDCHF is in a clear down trend. However, we can anticipate a retraction to the 0.328 fib level and possibly the 0.5 fib level which aligns best with structure and coincides with the neckline of the M formation. But first, we need to see a break above the daily resistance. Lets see how this one plays out. Like this post if you are waiting for a...

UnknownUnicorn8360477

Hi Traders, Here is a setup for a long opportunity on UJ. Looking for price to retrace to 0.328 fib level of the daily impulse. Support this page by liking this idea and sharing your feedback. Remember to perform your own trade analysis and use proper risk management.

UnknownUnicorn8360477

Hi Traders, This is a potential setup for a long opportunity on CADJPY. I entered long on this pair on Friday for completion of the head and shoulders pattern but got stopped out. There may be a better point of entry if price breaks above the 4HR trendline and resistance. If this happens I expect price to test the neckline of the M formation on the weekly. I...

UnknownUnicorn8360477

Hi Traders, This is a possible move for EURNZD. Price has broke out the 4HR range. It has the potential to test the neckline for the M formation and continue upwards to the weekly resistance. Let me know what you think? Remember to perform your own trade analysis and use proper risk management.

UnknownUnicorn8360477 Updated 

Happy Friday Traders, Setup for CADJPY long. It is possible inverted head and shoulders, which signifies a bullish movement possibly to 0.618 fib level of the daily impulse. What's your thoughts? Leave a comment below. Remember to perform your own trade analysis and use proper risk management.

UnknownUnicorn8360477

Hi Traders, Let's look a CADCHF. It has a develop a second head and shoulders pattern. For this trade, I'll be looking for a close above the daily and 4HR resistance as an entry point and target at the neckline of the M formation. Hopefully this plays out the second time around. What are your thoughts? Comment below. Perform your own trade analysis and...

UnknownUnicorn8360477

Hi Traders, Head and shoulders pattern is complete as discussed in the idea below. I do think price may go lower to complete the W formation. However, it may develop a range before doing so. Follow this page if you are interested in more quality trade setups. And don't forget to like and share a comment. Perform your own trade analysis and always use proper...

UnknownUnicorn8360477

Hi Traders, Here is an update from AUDUSD short idea. Additional confluence is the formation of head and shoulders pattern. However, I do think price may develop a range before going to downside target.

UnknownUnicorn8360477

Hi Traders, After the HUGE impulse of CAD pairs, I expect the pair to continue in the direction of the impulse. I think this will be a quality set up if price break below the daily support and move downwards to the neckline of the W formation. What are your thoughts, reverse or continue? As always perform your own trade analysis and trade with proper risk...

UnknownUnicorn8360477 Updated 

Hi Traders, Here is a full breakdown for EURJPY short idea! Firstly, there was a false breakout above the daily resistance. That strong bullish candle was followed by a bearish candle of approximately the same length; this is known as railway track. It signifies the sudden change in market sentiment. Additional confluences are for this short opportunity are:...