Made +200 pips 2 hrs. in GJ (GBP/JPY) with my vwap level setup and entry using cvwap, zvwap and vwap bands entries at cvwap and waiting to hit the vwap bands os levels for a profit and os levels to long waiting to hit cwap. Traded with economic calendar release and news quick profits using zvwap for trend confirmation and os/ob levels etc. 90% success rate of the setup
Break in the upwards trendline, after news/ easy drop 200+pips to 1.5000 possibly. SL at 1.17910 TP 1 at 1.6400
What we see is the formation, on the fifth bullish wave, of an interesting double head and shoulders. The two neck lines, in addition to being in parallel, have already suffered a breakout. Now we are in the pullback phase. a great time to get into short on about 200 pips.
What we see is the formation, on the fifth bullish wave, of an interesting double head and shoulders. The two neck lines, in addition to being in parallel, have already suffered a breakout. Now we are in the pullback phase. A great time to get into short on about 200 pips.
The reason why im short on this market is because its in a downtrend then suddenly it rallys up. the market then gives a sign of a bullish rotation such as a new structure high outside return and then another new structure high, however i dont think that the market is going to contine going up and the advance cypher pattern is going to be my reason to go short,
EUR/USD Short Idea just less than 1h till close of 4H candlestick. If 4H candle closes below 50EMA Stop Order 3pips below low of the "Signal Candle" Stop Loss 5-10 pips above of the "Signal Candle" TP Previous Swing Low appx 200pips PS Just and idea wait and see the price moving! www.ibrokers.ee
I have measured out a valid Bearish bat and it looks like it can potentially drop down to 1.289 soon. The RSI is also very high. The stop loss will be above the X leg. Stop hunting may occur so it is good to place at least a 70 pip stop loss. Lets see how this plays out :D !
EURUSD has broken out of a larger ascending channel from the daily chart, the move below 1.1200 was crucial to continuation of a triple bottom at 1.0500. I'll watch for another test of 1.0900 on the way and maybe take some profit there. If this pair can't stay below 1.1200 then I'll exit or wait for the next set up. See more on this at our website: DayTraders...
GBP JPY long 200pips TP / 100 pips SL