Hello traders, Here we have the completion of 2618 Trade setup. We also got a hammer on 1 hour at the 61.8% level. See the chart for details. Thank you for your time. Trade safe and Good Luck !!
Hello Traders, Here we got yet another 2618 trade setup that has just completed. RSI is also reaching oversold level. The major trend remains bullish. We also had a 2618 trade setup on USDCHF as well, look into the previous posts. See the chart for more details. Thank you for your time. Trade smart and Good Luck !!
Hello Traders, Here we have another 2618 trade setup that is near completion. RSI is also near oversold level. See the chart for more details. Thank you for your time. Trade smart and Good Luck!!
Hello Traders, Here we have a bearish Cypher pattern that is close to completion. The pattern will complete at previous structure resistance level. Since this market has been consolidating for quite a while, it increases the chances of this pattern being profitable. There are 2 options for where to place the stop loss. The 1st and most reasonable place to put a...
Hello Traders, So here we got a completion of 2618 trade setup on 4 hr. The overall trend of this pair is BULLISH but we are reaching a strong trend line (Blue) up ahead and our stop is above the double top and the trend line, thus giving the trade more room to breath. Both of the targets come at previous lower highs, making it a reasonable place to take profits...
We have a bullish cypher pattern that is already completed. The market is coming back to retest 78.6 level. See the chart for more detail. I apologize for the late post. Trade smart and Good luck !!
Hello fellow traders, We are currently looking for buying opportunity at the kill zone that is made up of 38.2%, 50%, and 61.8% retracement levels. This kill zone does come at previous initial structure high. On 4 hour chart, market has made higher high higher close, signaling a potential bullish move. We might look for a double bottom or RSI bullish divergence....
Hello Traders, we currently got a 2618 trade setup that is about to complete. We got our double top with break of structure. Of course, this is useless if we don't take into account the 61.8% retracement. The market is reaching the 61.8 level. We will be looking to short from there. Unfortunately target 1 does NOT have 1:1 risk-reward ratio. See the chart for more...
Hello Trader, we currently got a 2618 trade setup that is about to complete. We got double top at previous structure level. Of course, this is useless if we don't take into account the 61.8% retracement. The market is reaching the 61.8 level. We will be looking to short from here. Target 1 has more than 1:1 risk-reward ratio. Note that target 2 is below previous...
We completed the cypher pattern on 1 hr time frame. By looking at the chart, the overall trend is still bearish. Therefore, there is a likelihood of this trade setup being unsuccessful. Market making lower highs and lower lows also gives us a good signal of a bearish trend. Since this is a counter-trend trade, it's better to enter at the preferred entry zone. This...
We currently have divergence on 1 hr chart. Looking to short for a small profit with little risk involved. See the chart for more detail. Trade safe and Good luck !!
We have bat pattern completion on 1 hour time frame. Currently the market is heavily bearish, so there is a possibility of this pattern to fail. Market is currently at D point completion, where we also got ratio confluence. Probably a conservative approach to this trade setup will be helpful. Good idea to wait for a deeper D point completion in the previous double...
Looks like we got an ascending triangle formed on 1 hour chart. In this trade setup, the price can break EITHER to the upside OR to the downside. Therefore, we look for a breakout to either side. If breakout to the upside, entry should be above the horizontal resistance line. If breakout to the downside, entry should be below the slope of the lower highs. See the...
Potential bat pattern is close to being completed on 1 hr chart. D point completion is not exactly at resistance level, but it's close to it. We have perfect 88.6 and 161.8 ratio confluence at D point completion. Stop loss placed about 12 pips above the next resistance level. RSI is also approaching the overbought level. Note: This is NOT an exactly structure...
Potential Bat pattern is almost complete on 1 hour time frame in GBPNZD pair. The D point completion comes in at a good resistance level. RSI is also nearly overbought. Good risk to reward ratio. See the chart for trade setup. NOTE: We do NOT have 88.6 and 161.8 ratio confluence at the D point completion. Trade safe and good luck to all !!
Bearish Gartley pattern on Daily time frame is almost complete. This seems like a counter-trend trade, since the main trend is still bullish. Due to the trade setup being on Daily chart, stop loss is above 100 pips. Can wait for a deeper D point completion to reduce the amount of risk involved. We do have an exact 78.6 and 127.2 ratio confluence. Please Trade with...
Gartley pattern completion on 1 hour chart in NZDUSD pair. D point completion at 3 good resistance levels. RSI is also nearly overbought. See the chart for trade setup. Note: There is NO ratio confluence of 78.6 and 127.2.
Currently bat pattern is almost complete on 1 hour time frame in GBPCHF. We have ratio confluence at the D point completion. Note that RSI is NOT overbought yet. We have daily resistance level of 2013 at the D point completion as well. See the chart for trade setup. Trade safe and good luck!! Please click on the link below to see the Daily resistance level of 2013: