Get started

Ratio

EURUSD: Ratios Confluences!Last week we started including a new strategy trading on the breakout. We took a total of 4 breakout trades. 2 of them were winners, 1 loser, and the other 1 exited at breakeven. Overall the breakout strategy has been profitable for us last week. However, as this strategy is still in its early development stage, we are still seeing many room for improvement on this strategy. --Updates-- As we are nearing the end of April, we are finalising our registration for two of our programmes, JUMP! and the 4 Pillars Forex Mentorship Programme. This is going to be a special session as we will be revising the pricing in a month's time. If you are interested to find out how you can start investing stocks or trading the currency market, and if you have trouble understanding personal finances and financial markets in general, we are running a sharing workshop tomorrow (26th April). For more analysis of the week, refer to this week blog post here: www.fxpresearch.com Forum discussion: www.forexfactory.com Kar Yong Chief Currency Strategist www.alphaplay.com.sg www.fxpresearch.com
Long
by KarYong
EURUSD: The Great ChartHello everyone! Very nice long opportunity on FX:EURUSD . The chart says everything. So, what we have here: 1. Diagonal structure trend line, which acts like a magnet, as we see the support has become resistance @1.1330 2. 1.1330 is the completion level of bearish bat pattern and ABCD pattern. 3. we grabbed some profit from this pattern trading and the price came at B level which is a nice support for price to go long. 4. 1.1033-1.0.85 is a very nice reversal zone, where we can place our buy limit orders to go long. 5 Target will be the resistance of the trend line with the confluence of fibs 1.618. 6. If the price will not break this level and makes double top, then comes another opportunity to go short. So, this is a brief analyses of the daily EURUSD chart. -- www.rcpforex.com
Long
by RCP
EG Bearish Bat Weekly, Great RR, wait to enter, PIPS PIPS PIPSHello Trading View, Here on the EurGBP Weekly TF we have a unique Bearish Bat that has completed. Price action has shown all necessary reversals at the required ratios, and price in the PRZ has shown signs of confirmation of trend change. Heres why this pattern is unique. VOLUME. The volume at point D was EXTREMELEY HIGH!!!!!! See Green arrow indicating said volume. This volume spike combined with the terminal price bar that tested the PRZ is SOLID CONFLUENCE....!@!?@>!?@>!>!!! We have the necessary confluence of all 5 point harmonic patterns being an ABCD pattern. This pattern is an extended ABCD pattern. C point retracing 88.6% of AB, topside projection would normally be the 1.13%, but it has completed an extended pattern around the 1.618 expansion of BC. This is an extended 1.618 AB=CD pattern as defined in the Harmonic Trader : Volume 1 by Scott Carney. Price action has retraced and beginning of this week shown a bullish gap. Expect price to fill the gap and continue to drop to the projected IPO1 and IPO2. The pound seems weak now, so Id wait for some confirmation prior to shorting. If you're aggressive short now (treating current price action as a retracement) and ride er on down. Trade safe, trade smart. -K
Short
by KumaTF
GU Long, Monthly Resistance bounce/Bullish Butterfly, Good RRHello Trading View, Here on GBPUSD we see bearish momentum, which stalled and bounced off an important key level off the Monthly TF. The rejection of the key monthly support tell me that a trend change is in order. We have the completion of the Bullish Bat 5-Point pattern, the terminal price bar has tested the majority of the PRZ and sharply pulled away, which is one confluence factor. We also have the completion of the ABCD pattern within the C-D leg, a retracement of 50% of the impulse leg, which gives us bottomside projection of 2.0, which lands right in the middle of the PRZ. I have 2 projected I.P.O. of the 0.382 / 0.618 retracement of the CD leg. I.P.O. 2 is important because it could reach the bottom side of our overall trendline providing a possible swing trade. I.P.O. = Initial Profit Objective Trade safe, trade smart. -K
Long
by KumaTF
ABCD to Bearish Bat in progress, aggresive trade, good RRHello Trading View, Here on the EuroYen, we are seeing a reversal of a bearish trend . Price has made higher highs, and higher lows, confirming my directional bias. Topside projection of the ABCD pattern is the 2.618 expansion of the BC leg, due to the B retracement of 0.382 of the impulse leg. Typically you are supposed to trade this from the topside down, but if you're an aggressive trader, this might be your trade. After completion of the ABCD pattern, we have a valid short, as price has completed a Bearish Bat. Bat confluence due to price action reacting to all necessary ratios, and the completion of the ABCD pattern, which is essential to all 5 Point harmonic patterns. Before pulling the trigger in the PRZ, monitor price action for the necessary confirmation to short at pattern completion. Stop is set below the B point, as a close below would invalidate the pattern. Trade safe, trade smart. -K
Long
by KumaTF