H4
XAUUSD H4 25 April 2016Resistance in 1272.00.
Waiting for corrective finished, looking for entry sell in 38%-61% of fibo retracement.
In picture above, the sell in 38% of fibo in 1243.70, SL in 1272.00, TP1 1229.69 and TP2 1215.45.
The position is not good, risk/reward (R/R) of TP1 below 1.
For better entry with lower risk (R/R>1), breakdown the timeframe, H1 and M15 to entry sell.
EURUSD H4 POSSIBLE GARTLEY BEARISH PATTERN SETUPHi there All you Forex Traders!
We might see a possible Bearish Gartley Pattern setup here.
In the comments below I will share with a link to my You Tube video where I share with you how to trade the Gartley Pattern more Profitable.
Best Regards,
Errol Muller
AUDNZD H4 POSSIBLE BAT PATTERN BEARISHHello!
Errol Here,
I know the markets has been very tough from the beginning of the year. If you know your system and Stick to your trade plan, you know your system will produce results over time, then stay positive and keep trading your plan no matter what.
NEVER GO BROKE so make sure your account size allows you to handle draw downs.
In the comments below will be a link to my Youtube Channel.
USDJPY Making Plans To Leave Descending ChannelUSDJPY has formed and been trading within this descending channel over the last couple of weeks. After a failed retest of the 114.00 levels, it looks as if USDJPY is on it's way down. Prepare for a retest of the lows at 110.667, as well as a potential bearish break out. Market expected to head toward 110.00, 105.00, and eventually 101.00