tpick74

tpick74

The AUDUSD has set up every leg for a bat pattern and it is with the higher time frame trend, the only problem is because of that, this one might not end up completing. If it does it might be a good oppertunity to look for extended targets though.

tpick74

Well its unfortunate that we are so late in the week because most of these look like they might complete tomorrow but if they do that means youre going to have to hold them over the weekend. My plan says that if they dont complete before noon on friday I will wait until monday morning before I can enter so watch out on that.

tpick74

There is a very simple pattern that most people have at least heard about, the gartly, that has completed and is currently at market on the USD/CAD. I was lucky to not see it until later on in the hour so I got a much better entry so I have a much better R/R then should have been but if price trades sideways for a while then it is still a valid entry.

tpick74

The EURGBP pair is a pair that tends to respect structure a lot and the pair might be at a good place to look to be getting short. If you trade off of structure then this is a good spot to be looking for a reversal, low risk to reward and the pair is in a long trend on the hourly but is still short on the higher time frame. I would be looking for a double top and...

tpick74

At the end of the week, USDCAD closed right at the highs of hourly structure but it didnt manage to close above it. If price opens somewhere near there with out gaping up, it might be a good low risk short opportunity. You just have to remember that the trend on this pair is heavily bullish and shooting for extended targets on the down side is a bit risky but very...

tpick74

If you trade advanced patterns, watch out for this bat to complete maybe on Monday if the market moves. The A-B leg only retraces to 38.2% so if you need a 50% for it to be valid either enter for other reasons like I will be looking for or just skip this trade. Looking at the way the market has been moving though a structure play might present a better risk to...

tpick74

The AUDUSD is at a pretty strong structure support level and has created a double bottom with a break of structure up. Now that price has come down and stalled back at the bottom, it presents a nice long short term opportunity. Because this is a heavily bearish market right now I would not be looking for targets very far off but it does look like there will be...

tpick74

The trend for the AUDUSD has been very bearish lately and there is a good short term play with trend setting up if price retraces back up into structure. There is a clear resistance shelf that has formed right below the .75 even handle and if price pushes back up to that and holds then it might be a good shorting opportunity to get with the trend and have a very...

tpick74

With the previous break higher on the high time frame, this is in a bullish trend and price is at the very low before it could break below and change the trend. With the double bottom and RSI divergence at a very good structure level, it is a good looking continuation trade. Price also broke higher on the 15M chart and gave a valid entry with the close above the...

tpick74

The yen has just broken structure going down and has many strong hourly levels that held as structure. Price is now back in at the structure level and the RSI is heavily over bought. If price opens near the close on sunday and has a valid entry on the 15M time frame then it will be a good short looking to the .382% retracement of the leg mostly due to structure at...