It doesn't take a chart expert to see that the gbpusd is in a down trend, but there could be an excellent opportunity to go long on this pair. As you can see price action was making lower highs but the stochastic was making higher highs, this is a bullish setup. When you see this, it means with a high probability that the next leg down will be a bottom. Then the...
We have a fibonacci inversion trade setup currently at market right now on Eur/Jpy. The best thing about this current trade is the double top that price action has put in at the 1.618 fib ext. Normally when i trade this I place my stops above the 2.130 fib ext. Since a double top has been put in, it has allowed me to drastically reduce my risk. Now I have an even...
We have a bearish bat pattern that has completed and you can still get in on. The good thing is the risk has been drastically reduced. So if you trade this pattern, you have an excellent opportunity right now at market.
This is something new that I am trying. Each day I will try to find an excellent risk reward opportunity trade and put it out for everyone. This is definitely one of those potential trades. NZD/JPY has a fib inversion trade setting up with a phenomenal risk reward. You got 3:1 on target #1 and 4:1 on target #2. Entries at 76.69's with stops above the structure on...
Eur/Jpy just put in a massive double bottom on the daily chart. You have a bull setup on the stochastic which it higher highs on the oscillator but lower highs on the chart. Then you have some classic divergence below on the double bottom. If you can handle this much risk in your trade plan and can hold positions for a longer period of time, then this is an...
This is a straight structure play. If eur/jpy can rally up to 130.280 then we can retest the previous support which should now become resistance. Excellent risk to reward on this. If you trade this kind of setup, its definitely one to keep on your radar this week.
Gbp/Aud has a bearish Cypher that could be setting up this week. This pair has a wide ATR so make sure that your trading plan can handle this amount of risk. If it can and you trade advanced patterns, this could be a great opportunity this week.
It might not be the prettiest pattern but if price action will fall to .63774 then we'll have a completed Gartley pattern.
Eur/Aud has a potential 2618 trade setting up. This pair has a really wide ATR, but if you can handle this much risk in your trade plan, this could present a great opportunity
This is the perfect example of why I love the Gartley pattern when completed at the 1.272 fib ext. It provides and excellent Risk Reward ratio.
got a nice potential Fibonacci inversion setup with an ABC correction. Great risk reward on both target 1 and target 2. This setup has been working great over these last few days and it looks like its presenting another nice setup.
With the gbp/usd breaking a major structure (support) level earlier today. it is now rallying back up to the 1.42266 structure level that has Fibonacci 1.618 inversion confluence. if this trade fits into your plan, it is an excellent opportunity with a ton of potential reward for not much risk.
Eur/Jpy has a some good opportunities setting up for those advanced pattern trader out there. You have a bearish cypher pattern that will complete at 128.446. Or the Bullish Gartley pattern which will complete at 126.863. Both are great opportunities. Cyphers have an excellent win rate, while this Gartley has an awesome risk to reward ratio since the A-B leg is so deep.
Potential for a bullish butterfly completion at a major daily structure level. Giving almost 2.5:1 on target one and more than 3 1/2 to 1 on target 2. If this setup falls under your rules, its definitely something to look out for.
This trade that is potentially setting up on the GBP/JPY is a perfect example of why i love counter trend trading. You have 3 harmonic moves that will all complete at Previous Daily structure, and will complete at 1.618 fib ext. of each of the moves. You have the big 1:1 moves in blue, intermediate in purple and the smallest of them is in red. If price action...
This is pretty straight forward. You have a potential bearish cypher that will complete at 119.800. Good risk reward and being that its on a 1hr timeframe, you will hopefully only have to hold on to the position for a day at the most.
GBP/JPY is setting up for what could be an awesome bearish cypher pattern. The best part about it is, the opportunity that might be presented for those traders that have smaller accounts and can't take the amount of risk that a normal cypher pattern usually presents on a 4hr chart. This cypher completes at 182.820 and there is a nice shelf of structure at both...
Similar to the GBP/USD idea I just put out, the EUR/USD has a very good potential opportunity setting as well. In this kill zone you have: Fib retrace .886/.50 confluence, 1.414 fib ext./1.618 fib ext./ inverted 2.618 fib ext. and a major structure zone. Plus you have a 1:1 harmonic move completing in the zone. So once again, if you can get confirmation, this...