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60min

EURUSD : late night bear Cypher forming on the hourly Bearish Cypher pattern @ 1.09225 Target 1 1.08933 Target 2 108742 Stops 1.09556 (Based off of a 1.13 fib inversion from the C to X leg) In addition to that, we have other reasons for entry. Not only does the pattern complete in an area where three major resistance levels coalesce (as dictated by the four hour), the overall leg of the move down has a .618 retrace in that same congestive area where the pattern completes. Note the B to C leg pattern and how the pattern is not drawn from the wick down there in this particular instance. That is because according to rules governing cyphers, that actually is a 1.618 extension. However, the pattern is allowed to wick down there, provided it closes at or above the 1.414 which it did in this instance. I predict we will wick to the completion point of the pattern, as price will test this strong area and ultimately get rejected downwards. This pattern has an ugly risk/reward profile, so plan accordingly....
Short
by BennyManieri
Crude Oil CL 1hr TCT, Fib Inversion, & CypherWell its been no surprise that CL has been in a bear trend for quite some time. We will continue to keep selling the rallies. I just missed my fill on this trade. Maybe it will come back up for me.. We will see. The TCT was based on the 78.6% fib retracement and Fib Inversion Trade which completes at the 1.618% ext. The pullback also put in a harmonic move (not shown on chart). Entries, Stops, and Targets are all shown on chart. The Cypher Pattern i'm not worried about right now because its a long ways away and we could re-visit previous lows and still have the Cypher Pattern Valid.
FX:USOILShort
by PateSkpate
S&P500 Bearish Trend Continuation Trade (TCT)The S&P 500 has been in a Bear Trend on the 1hr since Dec 2. We will continue with that theme and sell rallies. This is at market Sell on the S&P. Stops above the last swing high and Targets are down at the lows and 1.27 Fib Ext (all shown on the chart). Entry was a rally into the 78.6% Fib Retracement, 1.618%Fib Inversion, and a complex pullback in the form of a Harmonic Move (not quite an ABCD pattern because the C leg didn't retrace to the 38.2%). This trade is producing very good Risk to Reward, especially if you trade with (2) Contracts.
FX:SPX500Short
by PateSkpate
EURJPY 60min Trend Continuation Trade (TCT)EURJPY has recently broken structure to the downside. This is signaling that it's ready to start it's downtrend. I'm looking to sell this rally once price reaches my "entry zone". Entry - I will go down on a smaller time frame and look for some sort of reversal pattern or candlestick for my entry. No matter where you enter in the zone you will get at least a 1 to 1 Risk to Reward. Stops - Stops go above structure (shown on chart). Target #1 - I will cover the first portion of this trade at recent lows (shown on chart). Target #2 - I will cover at the 1.27% Fib Extension. There are many ways you can handle Target #2's. A couple of ways are: Cover at Structure (which is way down there!). You can use trail stops and just keep trailing your stop above structure and ride it as long as you can until price reverses and stops you out. However, you do it make sure it's in your trading plan and you are consistent with taking Target #2's on all your trades.
Short
by PateSkpate
3
BRENT - Forecasting the downtrend.I am speculating some consolidation before the continuation of current trend. While it corrects, prices can respect those channels on chart. If there is price spikes, it could perform a larger consolidation or even a reversal. Follow me to be up-to-date on BRENT. Happy trading! ____________________________ SPECIAL CHRISTMAS OFFER: SUBSCRIBE to my TRADE SIGNALS and get 30 days free-trial. Suitable for all traders. Please, contact me via Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168).
FX:UKOILShort
by InsideMarket
NZD/USD 60 min Bearish Head & Shoulders PatternWe have a Bearish Head and Shoulders pattern on the 60 min chart with RSI Divergence. I'm looking for price to come back up and test .6583 level. This correlates with the top of the right shoulder and 50% of the Shooting Star's wick on the Daily chart. The Renko bars also rejected this level. I'm putting my stop just above the swing high. Target one at the first structure level with the 50% Fib level .6517. My second target is the next structure level at the 88.6 Fib .6448, which also correlates with the 50% of the Spinning Top's wick on the Daily. Good luck trading out there.
Short
by ChrisThein
Trade #5 GBPAUD - Pound corrects against the Aussie.Aussie bends pound below daily and hourly trend lines. The breakout of those trend lines coincide both at the same level. ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two. Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven. If target one is hit before opening positions, the trade is cancelled automatically.
Short
by InsideMarket
2
Trade #3 EURUSD - Simple trend continuation.Short at breakout. Happy trading! ___________________ Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two. Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven. If target one is hit before opening positions, the trade is cancelled automatically.
Long
by InsideMarket
1