moneymaking

moneymaking

UPDATE #1: Price action has NOT confirmed the move higher. Therefore on sidelines for now, waiting for further confirmation. Hello Traders, Here we have gotten the completion of a harmonic ABCD pattern, do keep in mind this is a DAILY time frame. Due to the bigger stop loss, I will be looking for long opportunities on lower time frames, in order to keep my risk...

moneymaking

UPDATE #2: Trade setup invalidated. Focusing on future setups. UPDATE #1: The current market price is a good selling entry level. This same pair has formed another bearish cypher pattern on the daily time frame. I have entered into short position based on the daily cypher pattern. Check out the daily pattern that I have recently posted, in the related ideas...

moneymaking

UPDATE #2: Stopped out with small loss. UPDATE #1: Trade is active now. Hello Traders, Here we have a hidden BEARISH divergence that is giving us a nice shorting opportunity with very little stop loss and potential of high reward. The analysis is pretty simple, market is making LHs and LLs, signifying the continuation of the downward trend. Market has...

moneymaking

UPDATE #2: Target #2 achieved, Good trade overall :) UPDATE #1: Target #1 achieved, stop loss moved to breakeven !! Hello Traders, We've got a bullish Cypher Pattern that has just completed and the market is currently around the completion point, it's not the prettiest cypher but it is a valid one. This pair was able to break the 4 year weekly resistance and...

moneymaking

UPDATE #1: Stopped out. Looking forward toward future trade setups. Hello Traders, We've already gotten harmonic AB=CD move completion. The entry for this setup is at the current market price, this could be considered an aggressive entry but we have bullish RSI divergence at previous support looking left. And we also have a favorable risk to reward ratio. See...

moneymaking

UPDATE #3: Hello traders, finally got my trailing stop hit. All positions closed on this setup, a good trade overall. UPDATE #2: Target #2 achieved. Majority of my positions on this setup are now closed. I only have small position left for the 3rd target with stop loss moved to 2.812 (previous LH). Just trailing the stop loss until target #3 is achieved. ...

moneymaking

Hello Traders, We've got a bullish cypher pattern that is near completion with good risk to reward. We DO NOT have any major structure level looking left but I drew in some Fibonacci extension and inversion and was able to get Fibonacci cluster at the cypher pattern completion point (D leg). See the chart for more details. Good Luck :)

moneymaking

UPDATE: Both targets achieved, Good Trade !! UPDATE: Trade is active now !! Hello Traders, Here we have a really good buying trade setup that has both bullish Gartley Pattern and harmonic AB=CD move completing very close to one another. Another good thing about this setup is that both patterns are completing at previous structure looking left with very small...

moneymaking

Hello Traders, Here we have a 2618 trade setup, but keep in mind this is on daily time frame; so the stop loss on this setup is huge. Personally I would be looking for selling opportunities based on this trade setup on lower time frames with smaller stop loss levels. See the chart for more details. Good Luck :)

moneymaking

Hello Traders, Here we have a bearish Cypher pattern that is about to complete. Again this is a good setup because we are able to hide our stop loss above the 4 hour channel and looking back we see the market respecting the channel quite well. It's a good risk to reward setup. See the chart for more details. Note: IGNORE THE YELLOW CYPHER PATTERN. It was not a...

moneymaking

Hello Traders, Here we got a Bearish Gartley pattern that is close to completion. The nice thing about this setup is that, we are able to hide our stop loss above the main psychological level of 100. As we can see from the chart, that the market is just consolidating around the 100 level. That just shows how important this level really is. Risk to reward is also...

moneymaking

Hello Traders, We got both bearish Cypher pattern and harmonic ABCD move completing close to one another. We also got Fibonacci cluster where both of these setups will complete and there is only minor resistance present for these setups. The difference between the stop loss of both setups is about 21 pips. Stop loss is placed above the previous high (looking...

moneymaking

UPDATE: Both Targets achieved :) Hello Traders, We've got a bearish crab pattern completion at previous structure, looking left. Since the market looks pretty bullish for now, this setup could turn out to be invalid. Having said that, there are really good resistance levels that the market needs to break before hitting our stop loss. Looking for bearish price...

moneymaking

*UPDATE: Trade invalidated by the market, out with small loss* Hello Traders, We've got a bearish cypher pattern that has just completed with a good risk/reward. Note that this is a counter-trend trade since the short-term trend is bullish. Cypher patterns have a high winning percentage, so therefore I am willing to take this setup. Most of the time the risk...

moneymaking

*UPDATE: Trade invalidated by the market, out with small loss* Hello Traders, We've got a bullish gartley pattern that is almost about to complete and it is giving us a very good risk to reward. The black trend line has been very good support level. Of course the market did break the black trend line but as we know there are no fixed levels in the market and all...

moneymaking

*UPDATE: Stop loss moved to break even* Hello Traders, Here we got a 2618 trade setup on 60 min time frame. The trade is with the major trend and the risk to reward is also favorable. Note that 2nd target is at 127.2 extension which is located exactly at previous structure.You can wait for bullish price action since the market did went below the 61.8% level. I...

moneymaking

Hello Traders, Here we have a wedge pattern formed as the market seems to be consolidating. With this type of pattern the market is likely to breakout in the direction it was previously in before the formation of this wedge pattern, in this case it was very bearish. But for now we'll take both upside and downside breakout for this pattern. We are basically...

moneymaking

Hello Traders, It feels like we just not going to stop getting 2618 trade setups, they are everywhere, LOL :) Alright back to business, so here we have another 2618 trade setup that is near completion. If you look left, we have got our double bottom at the previous structure zone AND the market has broken and close above previous lower high, signalling a POSSIBLE...