Hi traders, i won't be long in this explanation for the background of this trading opportunity is the same of my previouos eurusd analysis. The bottom line is that we are now looking for simple patterns to go short. This flag pattern for my view has been broken right now. The last red candle had closed below an important psychological number (1,0400). My position...
Hey traders, on EURUSD we finally exited a 2year consolidation period. Price chose to go lower and we want to hop on the trend as soon as we can. Right now price has no structure on the left and so there's a potential for a huge move. In this scenario trend is usually very strong and doesn't give long retracements to go short. But we can find small consolidation...
Hi traders, on EURNZD we recently broke into new lows (since mid2015). The next level of daily structure is way down at 145.00 flat. In this case we can see price "free falling" downward, so there's no space for big retracements that allow us to enter the market at good levels. We can see though some simple pattern formations that let the price breathe and give us...
Hi traders, this time i want to show you a flag pattern that is forming up in 1hr chart on AUDNZD. Here we recently broke and closed below an important structure level (black line), so we expect price to continue lower. It is very usual to see consolidation patterns after impulse legs like this, and the likelihood is that market continues on the impulse leg's...
Silver is setting up a potential head & shoulders pattern here on the 4 hour timeframe. I tend to group this type of simple pattern into the "trend continuation" category since That's how I prefer to trade them, waiting for the break & retest of previous structure. Not too much room for expansion seeing how the trend is opposite to this pattern, but I do think we...
Hey Traders, Good morning and welcome to what I hope to be a GREAT trading week. Why? I don't know, I'm just feeling in that type of mood, so lets hope the market agrees and doesn't fight me on this one LOL. Anyways, Today we don't have much on the radar, just this pattern on EURGBP which is giving us a potential set up, we would just need price to continue going...
Hey Traders, So my portfolio has been super quiet recently, with the exception of a few trades. Today we have a bear gartley on the H1 chart of GBPNZD. It actually gives an aggressive order to a conservative entry on a double top/ re test. Something we already made some $$ on the way down. So this will be a great opportunity to get in short again, hopefully with...
Syndicate members there will be a video coming out on this shortly, but I wanted to share with you guys a potential breakout trade that I have on my radar this Tuesday Morning. If you're unsure on the different ways to trade these types of simple consolidation pattern you can check out the video I posted 2 weeks ago titled "How To Trade Breakouts" But there is...
Hey Traders, Again, Not much on the charts, but taking a look, we do have some potential trading opportunities setting themselves up. Keep in mind, I will be FLAT until Wednesday as much as I would love to enter the market. After having experienced slippage first hand, I never want to put myself in the situation where I am in a position and I get slipped 50-100...
What we have is a very simple (yet very clean) example of an ascending triangle pattern. We must first wait for the pattern's completion before entering a position. If the price breaks out and closes above the 1.32839 resistance area a long opportunity presents itself. The breakout range has been set to the same size as the base (6.73%) and stop loss placed just...
We also have a double top with an engulfing kicker here . an opportunity for me because we are currently in a breakout condition on this pair. I also look for these double tops at previous structure on the 1hr and I can see an engulfing bearish candle, it might be an opportunity for a little price drop.
EUR/GBP short. Overall we are in bullish trend on daily chart but looks like forming pullback to MA200,MA50. Just broke support trend line on 1H , forming resistance line , support level 0.8491 turn into resistance. Take profit on next resistance level. Risk reward 2.2:1. 70% success rate.
Hi all, Development of two harmonic patterns. The butterfly pattern (in pink), to me, is more attractive because it suggests bearish trend is still intact. @ 1.11 we have several indicators for a good selling opportunity. However if market decides to roll over, I will see to it that this bearish channel holds. Laurecen