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Bullish-pattern

GBP/JPY: Approaching a confluence zone, what to do ?Hi guys, I took this trade a couple of minutes ago because it seems the pair is ready to push higher to its next resistance level which is a strong supply area (confluence zone). Price is also currently above its pivot level. I opened long my trade @ 135.740 and I will target the 136.400 area, so a potential 70+ pip trade. If it breaks I will look for some longs from there but as another trade, probably tomorrow since it's already late. Check out my previous ideas as well. Trade at your own risk
Long
by SwissPips
How to trade the Bullish Continuation PatternHey hey all!  I went off the grid a little bit to enjoy life and seize the opportunities the COVID situation has presented us all with... the proactive have had the chance, and still do, to create wealth and I can go over many examples in the markets like the sell-off of Stocks, Indices and Commodities (and even Crypto) and then the buyback of all of those assets. The strength of the USD and then the weakness of it... the all-time highs in the NASDAQ which came as a no brainer as the world went 90% digital due to the pandemic but there is so much more and I wont be going over it right now... right now all I want to do is share with you a killer trade setup that I took on the DAX on Friday (7.8.2020) yesterday that is earning me right now over 15,000 in active profits. The Bullish Continuation The bullish continuation pattern is exactly what is says, a bullish continuation of price action, and it is not very hard to find. There are two ways you can trade the bullish continuation, 1. Pre-breakout, which would mean at a support level that lines up with the FIBS I use. 2. The breakout, which is self-explanatory. In the case, I am about to show you I traded it pre-breakout, but before I go over it... here is a snippet from my comment in my community about the trade: Now coming back to the Bullish Continuation, here is a talking picture for you to further understand how this was traded (and still is being traded). The first thing is that the recent momentum was bullish, so we have the first checkbox. The second point is that price is finding support at 61.8%, check here too Is the middle of the DC is below price action? YES! so check again On the 1H chart is the 5/20 EMA below price? Yeap! Check! Ok great... now about the entry, we have 2 options.... Option #1 is entering at the rejection of 61.8% fib (which is taken from the high and the low of the recent move. Option #2 is wait for the breakout That is.... in this case, I decided to go at 61.8% because I realized the NFP (yesterday, Friday 7.8.2020) would support the DAX, and it did at the get-go, I quickly went into a profit of 11,000, but held on and now I'm close to 16,000 in profit... and here's proof! If you want to see that this is a live account just find us on Instagram (PrimedTraders) or join our community with as little as 9$ m/m and you'll see everything there... Questions are very welcome!
DEducation
by PrimedGroup
GBP/AUD: Power candle, I'm buying it!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 with thick bodies. Their closing should be located at the highs (if it's bullish) or at the lows (if it's bearish). We shouldn't see any kind of large wicks at the closing of these candles. A power candle is also usually exceeding the range of the previous candles (highs-lows). I am targeting the previous highs as T1 and the fib level as T2. Trade with care and at your own risk
Long
by SwissPips
2
Buying EUR/CAD for a 55-pip trade: but why? 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 advantage of EUR strength and CAD weakness. Check out my past analysis to see the way I trade! Trade at your own risk
Long
by SwissPips
4
NZD/JPY: Ready for an explosive move 🚀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 is also above all it's EMAs. I am taking advantage of NZD strength and JPY weakness on lower and higher timeframes and I am buying the pair at these levels. My first target will be around 71.250 - 71.290 levels. Trade at your own risk
Long
by SwissPips
3