WATCH AT MARKET OPEN: BULLISH CYPHER ON $EURUSD AT MARKETNot too much to say about this potential setup. The pair is in a sideways consolidation for quite a long time (see my last outlook on the daily timeframe attached below).
The market formed another advanced pattern in form of a bullish cypher pattern which completed on Friday. If the market opens at the same levels, there will be the opportunity to give it a chance, IF it meets your personal trading rules!
Stops below X
Targets at 38,2 and 61,8 % Retracement of the C-D leg. (see marked price levels)
-Have a good week of trading!
Midterm
GBPJPY After decline now at dynamic supports & structurePrice action has rapidly declined and up until now there's not been much to catch that falling knife. We now have reached a nice area where we have some key dynamic trend line supports and right into previous support. A mid / longer term trade but am publishing it to follow it.
BEARISH BAT PATTERN WITH 61.8 % FIBONACCI CONFLUENCE!Found a nice bearish BAT PATTERN where the completion point D perfectly lines up with 61,8% retracement from the swing high to swing low.
Stops about X. Targets: 38,2% and 61,8 % Retracements as shown on the chart.
-Good trading and a happy new year.
Felix
AUDUSD SELLShort Trade....Triple Top?
I think it may be a bit late to do this however I have been thinking about shorting the AUDUSD all morning.
I think that it is still a good short and you can still make a further 40-50 pips.
I would looking to get in at around 0.87900 (if it comes back).
If it doesn't then afraid this position may be too late.
As I wrote this message the AUDUSD fell by about 10 pips already.
LETS GET IN!!!!
Head and Shoulders Short on the GBPCADAfter looking at my GBPAUD dollar trade in the morning we noticed other head and shoulders patterns on the GBPCAD, we waited until the price broke below the resistance level and believe this trade will be completed within the next 6-12 hours.
This is a pretty simple High probability trading set up and should be a really good trade.
Trigger!