This is what I call the famous setup.
8 hrs ahead of time you know what you are going to do at the frankfurt open..(potentially)
Now if it stays sideways within the marked boxed zone. we can then trade the Wave 5 up... towards Target Zone
Same like the EUR/GBP attached below
This is typically what I call the Famous Setup
On the H1 Gator will be open and during Asian session the price goes sideways, boxed sideways
at Frankfurt open, if the box is tight, take the break out into Target Zone area marked
If price stays sideways within the marked box,
tomorrow around Frankfurt open it should start to shoot up towards wave 5
Cons: Price is stuck within a Box on D1 chart. The D1 box high might prove as a resistance.
Relevant to yesterday's trading idea linked below
The GBPUSD will stay sideways tomorrow.
then the day after or during US Session tomorrow, it might setup for a Setup 1 Long Breakout into Wave 5.
let's watch it what it does overnight and at London open tomorrow.
This is the FAMOUS Setup. I call this famous because it happens in a way that if you look at it at the close of NY everyone can clearly see that this market went UP this day.
So if the same momentum was to continue then... if the conditions are met, as shown on the chart, we can take a trade in the Long direction.
Condition: if the market stayed within this...
USDCAD Multiple Time Frame Analysis and Trade IDEAS
Daily or Swing Trading Opportunity: Time Frame D1 or 12Hr Chart
The daily chart is showing a completed ABC zigzag pullback. I like to call this the PC pattern
We have opportunity both on the D1 chart to take the Next Wave 5 Down within this Wave 3 down
Also there is a potential opportunity for he Intra-Day...
This is a price pattern that I like to call the FAMOUS setup.
It allows me to forecast the market at 10 pm UK time before going to bed.
I see this pattern 10-12 hrs in advance. And so the prediction is that provided that it stays within this boxed range, as shown on the chart...
It will break out into wave 5 on the M15 chart.
I should go and hit Target Zone...
The Kiwi seems to be going into a Wave 4
I can see A B trap (a pattern that occurs within the ABC pullbacks).
If it is an abc pullback then Wave C is next
This could produce some short setups on the hourly charts.
DAX30 GER30 London Session Pre-Market Analysis
The DAX is creating a B trap on D1
H1 shows a 3 up... and currently red and green line are touching
marked the box high and low of the h1 box
I'd like price to break out above the h1 box high
In this video, I look at the future direction of the Dollar across the forex market.
Where is the dollar heading as a whole against all the other currencies?
Looking at the Dollar Index chart there is a clear direction. Let's find out.
If you like the video please hit the like button and also subscribe to my youtube channel for more videos.
If you'd like...
The NZDCAD cross has created an interesting setup. The daily chart is showing a strong up move followed by a little pause.
This Monday it opened down but went strong into UP direction.
Checkout this trade idea.