Hello traders:
Similar outlook and analysis like NZDCHF.
We see the price overall is breaking out of this higher time frame larger structure.
I like the last bit of price action where price moved down impulsively, and forming a correctional structure. That could be the right shoulder of the H & S pattern.
Looking for a confirm breakout and any lower time frame...
Many analysts, seeing the butterfly pattern, offered a sell signal and avoided the intervention of interbank and broker companies.
As I pointed out, this information comes at a time when many people are putting the s/l (A) in the upper areas
It is visible to Inter banks, and on the other hand, these banks have the ability to fluctuate in the market.
And now, by...
As posted yesterday that a bullish crab paqttern was about to complete its CD leg ,
I am expecting The pair to head to the first target point which is the Point X of the harmonic pattern.
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Today I decided to pay tribute to the manga masterpiece 'Naruto' from which I learned how to draw. Thanks Kishimoto!
Well this happens when a genius is bored. LOL.
* I don't use SL.
* Use risk management.
#FirstQuantumTrader
Price pushed up towards the 3rd touch of the 4HR ascending-channel structure during the GBP bull run we've experienced this week. The 3rd touch of the structure allows for brilliant risk/reward scenario
We have a nice triangle pattern which broke a couple of hours ago, with a successful retest.
EMA100 on H4 acted as a resistance and price didn't manage to go higher.
Price also broke the daily pivot with a power candle, suggesting sellers are in control.
I sold @ 75.024 and will target the next fib level @ around 74.700 - 74.720.
Trade at your own risk.
I am bullish on this pair. The reasons are the following:
- Price is above the daily pivot level
- Price is above the KUMO (cloud)
- Price is producing higher lows and higher highs
- Price bounced off the cloud as a trend continuation
- We have a power candle as highlighted in my chart.
So it seems at the moment buyers > sellers
Power candles are candles...
Strongest pattern Sperandeo on EUR USD for
last 2 years. Fundamentally USD is falling,
but it doesn''t mean that it fall forever.
US government is not searching options to
calm down markets and straighten dollar a bit. Anyway I recommend to take in mind this
pattern, it will give you exact entry levels
and targets for selling
You can trader from T1 to T2...
Currently inside a structure with this pair. As you can see, the resistance we had a couple of hours ago seems to turn now into a support.
Price is above all EMA's and managed to stay above the daily pivot level.
I am buying the pair @ market price and will target the top of the structure, around 1.55800 levels. A nice 55-pip trade!
Today I am taking...
The EM currencies aren't moving as much considering the major pairs are...that's an interesting thought to keep in mind!
If you're looking for good risk reward trade, i'd go to EM currencies - Major pairs are little over extended. However, for those swing traders PESO looking clean...which way will it break. Will we carry on the pattern of descending channel?...
The pair has been consolidating for about 15 days and looks ready for a move higher.
The top of the channel was broken and price looks ready to test the next fib level as shown in my chart. The fib which was plotted was inverted.
Price managed to get well above the daily pivot level suggesting buyers are in to support the up move.
Last but not least, price...
