How about I just make a bearish cypher pattern appear right before your eyes? Just Kidding, the cypher pattern has been there all along. Ok so like I said in my weekly video, I'm not expecting much volatility this week especially after the kinda week we had last week and with this pair in particular. After the huge rally we had on this pair last week I still...
Setup reasons 1. support level has been touched and bounced 2. price has left a pin bar to signal a reverse 3. bullish candle show a change in momentum 4. bounce of long term strong trend line
The EURCAD has multiple times hit the important level of 1.463 (purple box) but has now finally broken through it. We look to short it when it retests this level as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. Our stops go above the resistance box and I'm hoping to catch a 1:3 on this one as price should...
After break of trend line last week price came back to re-test the trend line which held up and now has pushed of it leaving a tweezer bottom candle formation in place which add too confluences. Also weve been getting higher highs and lower highs which clearly show bullish trend and momentum so for me i will be long on this pair Happy trading ;)
Slightly Late Publication. Traded right into -OB and had good reaction. Expect Price to be Bearish throughout the WEEK. Take Profit Target 1 @ 1.5380 Take Profit Target 2 @ 1.5200 Tage Profit Target 3 @ 1.5100 Watch this space as I will be posting more ideas to support this view and I will also be frequently small short entry opportunities and possible scalp...
1) Eurusd on the way to complete perfect Bat Pattern. 2) Potential reversal Zone around 1.1400 to 1.4500. 3) Look for sell setups in Lower degrees. 4) Target to 1.1300 close to Structure support. 5) Good potential trade.
This steep market decline in the S&P500 requires a lot of attention! until there is clarity speculation about the depth of the correction will prevail. The Good La st week the U.S. economy showed good signs of job creation, CPI index at 0.1%, housing starts were strong. The bad The conference broad still expect moderate economic growth, building permits...
Let’s glimpse into the basics and do not forget to use these rules. It’s proved - they do work! TRADER’S RULES 1. Always work in the direction of the dominant trend 2. Find the strategy where you are most successful, namely the one that gives the minimum account drawdown 3. Reduce the number and size of transactions in case of losses, and vice versa 4. The main...
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
LONG BIAS FOR CABLE, FORMING HIGHER HIGHERS AND HIGHER LOWS, ASCENDING TREND LINE HAS HELD SINCE 2015/04/14, would recommend to trail anystops (1.51690) 500 + PIP MOVE TO COME ON THE PAIR, TP1 AREA IN CONFLUENCE WITH 61.8 FIB LEVEL TRAIL ALL STOPS THIS WILL BE A PIP GRABBER stops around last swing low (0.236 fib level) (Y) [/b ]
WBA in a bear Flag pattern. The flag pattern is perhaps the most favorite For most technical analysis traders. Watch that 78 level, which would be the measured move. Wait for confirmation.
Here we see a cypher pattern on the Us Swiss charts. This pattern is indicating that the market will reverse upon completion, and is supported by completing above the linear regression line. When a Bearish pattern completes above the standard deviation line, it is likely that , If the market is bearish, the market will rally back under the line , and similar to...
Here we see a Cypher pattern on the AUD?JPY charts, supported by a bearish trend suggesting that the market will continue down. I believe that the marker will reverse at the standard deviation and rally to the 1.618 extension of the BC leg. My entry, as always, at point B , my limit is at the 1.618 extension and my stop is at the highest high or point X of the...