Randomdane
USDCAD Short - and a outlookUSDCAD has just made a shooting star candle, to - hopefully end the uptrend. As I have marked with arrows, the last 6 uptrends (uptrends market with green trendlines), has ended with either a shooting star, or a doji.
Then why should it not end a uptrend like that now? Priceaction has also retested the trendline, which we broke a while ago.
My targets will be at 1.300 or at the 618 retracement from the last uptrend.
Good weekend everyone!
EUR/JPY - bearish butterflyEUR/JPY is forming a buttterfly pattern. The pattern completes a little over the 120.000 key level. I am looking to short at 120.190.
EURAUD bat pattern in a downtrendEURAUD is forming a bearish batpattern, this pair is also in a downtrend. Defiantly a good trade.
The future of goldLately we have seen a very weird scenario in gold and the xau index. They have differented from each other, although they have been following each other for a long time, as you can see on the chart. (Red line illustrates XAU index and canldes gold).
An AB=CD pattern and a bearish gartley pattern is soon formed in XAUUSD and that is a good short setup, since we are in a downtrend. However as mentioned above, gold is differenting from the xau index. Will XAUUSD fall off from a cliff to meet the index downtrend, or will it sky rocket with the index?
I am short at the gartley D completion, however my stops are tight.
The storm is coming. Let's make some money!
USDJPY when will we be able to short?In my trading plan there is 2 possibilities for shorts on UJ.
We can short at structure, market with the blue box. Or a greater short possibility would be at the D completion of the bat pattern.
We had a rush down, and we should maintain the downtrend.
USDCHF ShortUSDCHF Has made a dobbletop, with bearish rsi-divergnce. This trade gives us a very good rr, which I always like to trade.
EURJPY at market bat patterneurjpy has just formed a bat pattern. With a dobblebottom and bullish RSI-divergence at D point. I am entering a long
GBPUSD Bat pattern once againWe hit targets from my last idea linked below. Now it's time to short at the D completion of the bat pattern, which is drawn on the 15min chart.
Trade with care
GBPUSD at market bat pattern GBPUSD has formed a bat pattern on the 15min timeframe.
I see the bat pattern traded many different ways. Some like that priceaction at the C leg can't close above the .886 retracement of A-B move. Some think that as long B-C is under A, then the pattern is valid.
Some only trade batpatterns in stocks, some only in forex.
There is no 100% right way to trade it. Therefore you will need to backtest this pattern - and other patterns, for yourself before trading them.
I wish you all a happy trading week!
GBPJPY a outlook. Many patterns are forming.GBPJPY comes with lots of patterns. 2 gartley patterns could form, while a triangle pattern is also forming. If we can break out of the triangle, then I will be long to the completion of the BLUE gartley pattern. Here I will take my profit.
Then if priceaction comes back at structure, I'll go long until price hits D completion of the RED gartley pattern.
Shall we see a BEARISH break of the triangle, I am short.
This pair has lots of good trades! (If you like harmonics as I do ;D )
Trade with care.
S&P500 Time for a short. Pure logic.Best week since 2011, it has to go down, before it gets further up. With lot of resistance from top, and most traders placing shorts, it will surely go down on monday. I am short at 2160. Targets at box.
Happy trading.
