joelduque

joelduque Updated 

There is a a possible bullish bat for AUDUSD. Upon D completion at 0.74894 (88.6 of XA) and confirmation of a bullish bias, I will go long. Stop loss is just below point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative details are as follows: Trade Setup: Possible Bullish Bat Price Entry...

joelduque Updated 

There is a possible bearish bat for AUDNZD. Upon D completion at 1.08385 (88.6 of XA) and confirmation of a bearish bias, I will go short. Stop loss is just above point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative details are as follows: Trade Setup: Possible Bearish Bat Price Entry...

joelduque Updated 

USDCHF has been on a downtrend. There is a double top with a break of neckline and a new swing low. I am placing an aggressive sell limit at 0.99315 which is the 61.8 Fibonacci retracement from the right top to the swing low. Stop loss is just above the right (higher) top while the take profit target is at the swing low. If price goes to TP1 before the pending...

joelduque Updated 

There is a possible bearish butterfly for EURUSD. Upon D completion at 1.17467 (127.2 of XA) and confirmation of the bearish bias, I will go short. Stop loss is just above the 161.8 Fibonacci extension of leg XA. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD. Tentative details are as follows: Trade Setup: Possible...

joelduque Updated 

There is a possible bullish butterfly for GBPNZD. D completion of the bullish butterfly at 1.90132 (127.2 of XA) is very near the D completion of the bullish bat at 1.90197 (88.6 of XA). With confirmation of the bullish bias, I will go long. Stop loss is just below point X of the bullish bat while the take profit targets are set at the 38.2 and 61.8 Fibonacci...

joelduque Updated 

There is a possible bearish bat for NZDCAD. Upon D completion at 0.90489 (88.6 of XA) and confirmation of the bearish bias, I will go short. Stop loss is just above point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg XA and point A. Tentative details are as follows: Trade Setup: Possible Bearish Bat Price Entry...

joelduque Updated 

There is a possible bearish bat for EURUSD. Upon D completion at 1.16248 (88.6 of XA) and confirmation of the bearish bias, I will go short. Stop loss is placed just above point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative trade details are as follows: Trade Setup: Possible Bearish Bat Price...

joelduque Updated 

There is a bearish bat for EURJPY. D completion is at 126.344. Please note that this setup is invalidated with a candlestick closing above 126.234 (88.6 of XA). I am placing a sell limit at that price. Stop loss is just above point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. If price goes to TP1...

joelduque Updated 

There is a possible bearish bat for USDJPY. Upon D completion at 109.014 (88.6 of XA) and confirmation of the bearish bias, I will go short. Stop loss is just above point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative details are as follows: Trade Setup: Possible Bearish Bat Price Entry...

joelduque Updated 

There is a bearish cypher for AUDNZD and this is an update of a previous trade idea () due to the formation of a new swing low at 1.08349. D completion is at 1.09615 (0.81 XC) which is near the 78.6 Fibonacci retracement of leg XC. The bearish bias is based on a red candlestick completely engulfing and closing lower than the bodies of the 2 previous green candles....

joelduque Updated 

There is a possible bearish bat for USDCAD. Upon D completion at 1.30409 (88.6 of XA) and confirmation of a bearish bias, I will go short. Stop loss is just above point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative details are as follows: Trade Setup: Possible Bearish Bat Price Entry...

joelduque Updated 

There is a bearish cypher for AUDNZD. D completion is at 1.09615 (0.81 XC) which is near the 78.6 Fibonacci retracement of leg XC. The bearish bias is based on a red candlestick completely engulfing and closing lower than the bodies of the 2 previous green candles. In addition, there is a double top with broken neckline and new swing low seen on H4 timeframe....

joelduque Updated 

There is a possible bearish cypher for EURAUD. Upon D completion at 1.55663 (78.6 of XC) and confirmation of a bearish bias, I will go short. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows: Trade Setup: Possible Bearish...

joelduque Updated 

There is a possible bearish cypher for GBPAUD. Upon D completion at 1.77513 (78.6 of XC) and confirmation of a bearish bias, I will go short. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows: Trade Setup: Possible Bearish...

joelduque Updated 

GBPCAD has recently been on an uptrend. The bulls are more aggressive than the bears which lead to the formation of an ascending triangle. As such, I am waiting for a green candle to break and close above the horizontal resistance at 1.73163. I will then place a buy limit at that level, expecting the old resistance to become the new support upon retest. Stop loss...

joelduque Updated 

There is a possible bearish cypher for USDJPY. D completion is at 109.702 which is the 78.6 Fibonacci retracement of leg XC. Upon confirmation of the bearish bias, I will go short. Take profit levels are set at the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss has the same number of pips as TP1 by default. Tentative details are as...

joelduque Updated 

There is a possible bearish Gartley for EURGBP. Upon D completion at 0.87440 (78.6 of XA) and confirmation of a bearish bias, I will go short. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. The stop loss has the same number of pips as TP1 by default. This setup may be invalidated by a new swing low which is...

joelduque

EURNZD is on a long term uptrend, midterm consolidation, and short term downtrend. The bears are currently more aggressive than the bulls leading to formation of a descending triangle. I am waiting for a candlestick to break and close below the horizontal support of 1.68918 before starting to short. This would serve as a signal for me of the continuation of the...