FKLI TRADING : 133) this is trade 133 frm haidojo trading...
the current low of 1547/or the impulse leg A has been violated...so both advanced patterns are no longer valid...
In term of price-action, 1560 has turned frm support-to-resistance...but formation of lower-low at 1540 is too close to the previous one...
from the past experience, this might indicate a possible reversal to the upside...but it is too early to say...we must look closely to the range
of 1585 and the new low 1540...any breakout of this range will tell us the direction of the market...
resistance : 1585 (reversal to bull)
immediate resistance : 1560
current support : 1540-1547(continue to bear)
lower support : 1512-1520 green box and bullish cypher pattern
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
Bracketsetup
Bracket Day Trading Setup on NZDUSDThere is a nice setup here on NZDUSD. You have a potential bearish Gartley Pattern which will complete at .73013.
Now in the other direction, you have a potential bullish Bat Pattern which will complete @ .72295.
Both of these pattern offer good risk/reward and the best part is you can set your orders and then sit back and wait for one to get filled. As always, follow your plan.
Good Luck and Good Trading!
Potential Stop & Reverse (Cypher to 2618)I put out the Bearish Cypher idea just a couple hours ago. If this Cypher gets filled and rolls over to Target 2 at the 61.8 Fibonacci Retracement, you will have a Bullish 2618 setup. Now the exact entry for the 2618 might be a little different depending on how far the market pushes up, but as long as it doesn't blow out the cypher pattern, you will have a nice 2618 setup.
Now since the Cypher hasn't filled yet, you can also use this to just bracket the market and then wait and see what gets filled first.
As always follow your trading plan.
Good Luck and Good Trading!