Hello Traders, Here we have a BEARISH HARMONIC CRAB PATTERN on FX:USDJPY , that has been completed. We also have a POSSIBLE RSI bearish divergence and the reason I call it a possible RSI divergence is because I DO NOT take divergences seriously unless they are proven by the market. What I mean by that is, ONLY when the market starts to break structure in...
Hello Traders, Here we have a BEARISH CYPHER PATTERN that just got completed. I've already entered into the trade, the trade is ACTIVE now. See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
UPDATE #1: Trade is ACTIVE now. Good Luck EVERYONE !! Hello Traders, Here we have a BEARISH 2618 TRADE SETUP on FX:NZDCAD . Market was able to break previous structure (HL) and made a new lower low (LL). Now it has retraced back to 61.8%Fib retracement level for nice shorting opportunity. I havemarked my entry price on the chart above and market is close...
Wed, July 29- UPDATE #2: Hi everyone, I've CLOSED all of my positions on this trade at current market price. FOMC coming up in less than 25 minutes. UPDATE #1: Hello everyone, Trade is ACTIVE now. Remember I will be closing this trade at 1:30 pm (NEW YORK TIME) today, if we don't get stopped out here !! Hello Traders, Here we've a BULLISH Butterfly...
UPDATE #3: Hey guys, our break even stop loss has been hit and all positions are now CLOSED for this pair. Currently market is showing NO signs of possible shift in trend to the upside. I'll keep you guys updated when a good opportunity to go LONG arrives. Remember that the major trend is still BULLISH, so the highest probability trades will be in that direction. ...
UPDATE #1: Hey guys, if anyone was still holding onto this trade. Then your Target #1 has been hit, stops can move to break even. This pair has started to consolidate for now. Have a GREAT WEEKEND EVERYONE ENJOY :) Hello Traders, Here we have a valid BULLISH Crab Pattern on FX:AUDUSD that is close to the completion point. Yes the market is clearly in a...
UPDATE #3: 2nd target has been hit. All positions now are now CLOSED for this setup. Good Trade overall :) UPDATE #2: Target #1 has been reached. Stops move to break even. UPDATE #1: Sorry for the late update everyone. The trade recently got active and the market has moved about +10 pips in the direction of our targets. Hello Traders, We've got a...
UPDATE #2: Hey traders, if anyone was still holding onto this trade, then BOTH of your targets have been reached. All positions are now CLOSED for this setup. UPDATE #1: Since we never triggered the entry on this pattern and the market has reached both targets. I will NOT be taking this pattern anyone, the pattern is still valid based on the rules. BUT...
UPDATE #2: Stop loss has been hit, all positions are now closed. UPDATE #1: Trade is ACTIVE now. Good Luck to everyone :) Hello Traders, Here we got 2 really good valid Gartley patterns at 127.2% Fib extension level on FX:AUDUSD . In addition to these patterns we also have harmonic move completing at the same 127.2% Fib extension level. Also note that we...
UPDATE #2: Stop loss has been hit, all positions are now closed. UPDATE #1: Trade is active now. Hello Traders Here we've another potential 2618 trade setup that is close to completion but this time its on AUDUSD. Market has broken structure (previous LH), signalling a POSSIBLE change in trend at least for short term. See the chart for more details. I...
UPDATE #8: Hi everyone, sorry for the late update. Our 2nd target has been reached. All positions are now CLOSED. UPDATE #7: For traders who avoided being stopped out, your first target has been reached. Stop loss now moved to break even. UPDATE #6: For traders who placed their stop loss above the "previous resistance zone" you would still be in this trade....
UPDATE #2: Stop loss hit. All positions are now closed on this trade. UPDATE #1: Trade is active now. See the chart in the comment section below for exact entry price. Hello Traders, It's been quite some time since I've posted any new idea, especially in Forex. That's mostly due to the situation in Greece and the uncertainty that it has caused in the...
UPDATE #3: Stop loss has been hit. All positions are now closed. UPDATE #2: Trade is active !! UPDATE#1: Just a reminder that we have 2 high impact news coming out of US today (Thursday, July 2nd), Non-farm employment change AND Unemployment Rate. They are very much likely to affect this trade setup. They could either complete OR invalidate this setup OR do...
UPDATE#3: The breakeven stop loss has been hit. All positions are now closed for this setup. UPDATE#2: Target #1 achieved, stop loss moved to break even. UPDATE #1: Still no conformation from price action. Waiting on the sidelines for now. Hello Traders, Here we have a really good bullish cypher pattern that has already completed. Usually I enter at the...
UPDATE#2: Stopped out for small loss. Focusing on future trades setups. CORRECTION: I misspelled the second target, it should read TG #2: +709 Pips. UPDATE #1: Entry has been triggered, the trade is active. The chart above would not show this because it is a daily chart. Keep in mind that it will only show the entry being hit AFTER 5 pm (US time) !! Hello...
UPDATE #4: Hello traders, unfortunately I have been stopped out. Time to put this aside and focus on future trade setups. UPDATE #3: Hello traders, I am still in this trade with currently in a drawdown, which is not surprising because I accepted the risk on this trade BEFORE getting into it. Anyways, I have decided to close half of my position just before the...
UPDATE: Both targets achieved !! Hello Traders, Market has just broken below the descending triangle. This type of triangle pattern usually breaks to the downside BUT it is possible for it to break to the upside as well. Therefore targets have been labeled for both long and short opportunity. Stop loss can be placed based on the 15 min structure. Either above...
UPDATE: We never got a good retest of the wedge pattern, did NOT got involved in this trade. Hello Traders, The market has broken the wedge pattern that was formed earlier. Wait for a retest of the wedge before shorting this pair. Keep in mind that FOMC is coming today at 2 pm. If we are unable to get a retest of the wedge pattern BEFORE the FOMC, than I will...