Let's hopefully kick the week off with an easy trade!
40+ Pips BUY to (D) PRZ of BEAR BAT...look for pullback before LONG entry
40+ Pips SELL from (D) PRZ
Good Luck!
KEEP THE RADARS UP!!!
On the graph, there is the triangle pattern, one of the most wide known phenomenon in forex trading, which makes it one of the most reliable strategy as well: waiting for the break through and opening position in the appropriate direction of the breakthrough.
Good risk reward ratio:
If Long then we can put stop loss at around 1.1659 and take profit at...
EURGBP:
Daily Chart: On Daily Chart we have potentional SHS pattern.
Price Around .87245 (Left Sholder) is first Resistance Zone
Fib view: Price now is between 50-61%
Price Action: Daily candle Sell Pin Bar.
Looking for Sort position. Target .83500
Didn't short this because The daily momentum was too strong. But if the daily candle closes as low as now, arround 0.72. I will be looking to short on Monday 27th of Feb.
USD has been gaining a lot of strenght and NZD will be getting really week soon.
TRADE SAFE AND HAVE A GOOD WEEKEND.
INSY is an interesting flag setup. Moneyflow has strong positive divergence, and in strong uptrend in the positive side. Good potential to run up to Moving averages around $12.50
* Trade Criteria *
Date First Found- February 19, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $11.27
Exit Target Criteria- $12.43
Stop Loss Criteria-...
CUR formed a strong flag formation. It would be very quick in & out type of Day trade. However it has some insider buying so we can keep it running after we close half in first target.
* Trade Criteria *
Date first found-
Pattern/Why-
Entry Target Criteria- Break of $
Exit Target Criteria- $
Stop Loss Criteria- $
Please check back for Trade updates....
A sweet Butterfly pattern has formed on the 1HR chart for GBP/CAD
Sadly missed the initial drop, but looking to enter at a better price within the PRZ, take profit is around 95 pips.
Seems like it's Bat Week this week! In this episode we have a small bearish number on the dollar-yen. A daily charts shows price has retraced as far back as 38.2% of the boom at the end of 2016 following DT's election triumph! A solid support level, price looks to be entering a possible ranging market, heading into consolidation before the recent retracement...
The daily chart on the cad-frank hasn't trended well in recent times and is currently in a declining channel. Scaling down to the 1 hr chart, price has reached the top of that channel just short of the .886 retracement of the bearish bat. This is the ideal time to get in short with a stop loss just above the X coordinate. As per usual practice, indicators aren't...
This trade has taken forever to develop. The Hekin Ashi Candles suggest a completed retracement pattern, while the price action has finished a breakthrough and retest of an important price level. These factors, combined with the appropriate RSI - primed for a breakout - are all positive signs. The confluence of 3 important factors, plus the overall strength of...
FL seems forming a rising wedge formation. Breaking below $70.13 would be wedge break-down confirmation, and if it breaks it can decline to $66.
* Trade Criteria *
Date first found- February 21, 2017
Pattern/Why- Rising wedge
Entry Target Criteria- Break of $70.13
Exit Target Criteria- $66
Stop Loss Criteria- N/A
Please check back for Trade updates....
