Beautiful Head and shoulders trade on it's way. If the retracement comes to the previous resistance (and now support level) a very nice opppertunity might occur. RSI perfect to start with so, we'll just wait for a entry signal in the 0.7230 region.
Happy trading this monday!
On my radar today: a nice head and shoulders inverse pattern on the FX:AUDNZD. Divergence in the RSI and price is coming up to hit the entry level.
Have a good weekend!
Entry, SL and TP are on the chart :-)
Trade on the FX:EURUSD just crossed the neckline and is now a valid head and shoulders trade. The first entry is, well, NOW. Second entry is after the retracement back into the neckline.
TP 1 and TP 2 are the same and showing on the chart.
After the nice trade yesterday on the AUDCAD HS i've got a new one on the FX:AUDUSD. Price is coming up to the neckline and the hs are valid :-)
Let hope the US employment numbers don't mess up the trade ;-)
Nice short opportunity on the FX:AUDNZD, good rise/reward and overbought conditions on a good structure level.
Don't forget to frontrun your trades, this pair is a bit "expensive" when in comes to the spread...
After a calm start this morning we might have a cypher completing on the NZDUSD, 240 min chart. We might even be getting a small double top on the 60 min (not completed yet) and a nicely oversold market.
Here we have a nice head and shoulders pattern completing on the 240 min AUDCAD. Not a pair I trade normally but with a extra entry reason this might turn out to be a good trading oppertunity. Nice rise-reward as well.
So, let's keep this pair on the radar and see if the entry comes up :-)
Happy trading today!
Looking nice this morning is the NZDUSD with a valid BAT pattern and a valid double top!
Entry was officially slightly earlier this morning but since I was as sleep we have gotten a better entry and risk-reward!
SL: 0.6903 (Don't forget to frontrun your trades, like I did yesterday on the EURAUD...)
We might have a head and shoulders pattern forming on the FX:EURAUD this morning. Still waiting for price action to drop under the neckline and retest the previous structure.
Entry on 1.5512
Happy trading this morning!
We might have a head en shoulders pattern coming up on the FX:EURAUD this morning.
Stil waiting for price action to drop under the neckline after which a entry on the retest gives a nice risk-reward.
Entry around 1.5512
SL on 1.5564
T1 on 1.5363
Happy trading this morning!
I found a nice trade this morning on the NZDCAD.
We have a 240 min valid cypher (just under its entry), lots of structure at the current level and a valid double top in the 60 min (RSI over bought and RSI div)
Nice profit/loss and hopefully a nice trade for today.
Happy trading and let me know your ideas on this trade!
(PS 786 should of course say 618 fib, sorry ...