Breakouts
GBPUSD - Bullish PennantPossible bullish pennant on 1 hour chart.
Expecting breakout to the upside and looking for targets @.26000.
GBPAUD 60min Balance Area BreakoutJust got long @ Market on GBPAUD.
It has created a small balance area on the 60min over the past couple trading sessions. We just saw a break and close out of that balance area.
Best of Luck!
USDJPY 60min Preparing for a BreakoutUSDJPY on the 60min in consolidating in the shape of a Descending Triangle. These patterns tend to cause large breakout moves in the markets. I'll be watching this pattern and will be waiting for a Break & Close out of the pattern to give me direction. As of right now I have no idea which direction it will break, so I will not involve myself until I get my signal.
Also we are at a Major Support Level in the market. I love finding these patterns at higher time frame structure levels.
USDJPY Breakout USDJPY has been in a bearish channel since the start of 2016. Now finding itself with a tightening of the channel due to a strong level of support from the 100.000 price level. If the bearish momentum continues there could be a breakout under the 100.000 price level. If 100.000 continues to act as strong support, there could be a potential bullish breakout.
The fundamental factors to look out for is the FOMC and BOJ meeting on Wednesday 21st September. These two events could cause a breakout to the upside or downside.
EURJPY Short on breakThere's quite some room to the left, so a retrace of the recent up move is likely at this SR area.
Once it breaks this structure (green line), take the short trade as indicated.
Good trading all!
>16 great continuation patternabove al the MAs is bullish with tha SMA200 acouple of cents
Long > 16.02
Stop 15.69
Final Target 17.29
There are targets before the final one 16.50 target
Baja Auto - Speeding Up (BUY)It has first made a double top at the 2680 levels and recently it has broken that resistance and made its all time high. It shows a strong positive momentum and beginning of a new bull rally. I assume a basic psychological level of 2850-2900 shall be achieved.
RSI and MACD both trending up
Target1: 2850
Stop: 2600
SAIL - Building Strong Bullishness (BUY)Observed a breakout from 47.90 - 48.70 with a single candlestick that shows strong bullishness in the price action. It has been correcting a while and today reached to the previous resistance and confirmed support.
Next Target: 53.13
SL: 46
Great fundamentals I like this if we can break 75.10The fundamentals are great, every month the company is becoming more and more important.
Tecnicals only if we break the trend we can go bullish in the long term
long >75.11
SL 73.96
Target 82.69
$NWY great looking pattern for a gap fillLooks pretty bullish if we can break the 1.81, the risk is low o n the 1.4 and the target in the long term could be on 2.8
Tata Motors - Speeding Up (Buy)With continuous gain in volume and up-trending moves, it is making new breakouts very frequently and today I observed the same. I expect today's breakout will speed up its movement to 520 levels.
Target 1: 520
SL: 480
$GALE has some serious upside!Just from using the Accum/Dist indicator it shows that there is a lot of upside here. Yeah i know the reason as to why the stock collapsed, but if you bought at the lows you are looking at huge gains in just a matter of days. I think we could see a move towards at least $1.50 in a very short time.
NZDUSD Shooting StarEntered a short last week on and got stopped out. However with possible shooting star reversal, and the pair entering back into the bearish region. I will be shorting this pair yet again.
SILVER POSSIBLE BREAKOUTS TRADE IDEASSome possible trade ideas on XAGUSD in the coming days, could go either way so follow it closely.
EURUSD- One Hour Trade Setups1 hourly and 4 hourly are heading toward a strong daily resistance area coupled with a supply area. Although we see the supply area tested many times, it is holding. Overall bearish daily outlook. The 1Hr has broken its steep uptrend, now we just wait for 4Hr trend line break. Once this is confirmed, we will look for the ideal 1hr retracement or breakout trade to the south.
Two in One - Breakout of a Downtrend and an Inverted H&STarget is predicted at 0.80500 = 500 pips. Good Luck!
EURGBP Structure Short AT MARKETHey traders,
Small disclaimer, this trade will not be taken in the account i trade with you guys, the reason is i have restricted myself to only patterns to help teach consistency in your trading plan. I do want to bring to your attention this structure Short on EURGBP simply to show how combining different key factors you can create a strong reason for entry. Descending Triangles typically tend to go to the downside, with price action breaking previous structure looking left, with a descending triangle, and price action coming back to previous resistance and confluence with 38.2 Retracement and 1.272 Ext we can increase our probabilities of success.
With this, I must add that all these factors combining together do not guarantee any measure of success. The only way to check for that, is to back test the theory. Like my old teacher used to say, " I do not look for just any trading opportunity, I look for the high probability trading opportunities"
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