So today on FX:NZDUSD we have a very nice setup to go long. The price is ranging between the channel and hit the support level @0.6312, with the confluence of daily S2. Now price is more likely to go up at leas @0.6355 level and then hit the channel resist once more @0.6404, and here at this level we have a very nice fibs 1.272 confluence. Avto_T Green...
Hello Traders! Today FX:USDCAD is on my radar. Here is a very nice shorting opportunity. At last the price has broken a big triangle, found support @1.3175 and forming a flag pattern, and this means that market is going to fall even more. We have 2 opportunity to go short: 1. Sell around the PRZ, 2. Wait for the market to break the flag and support, retest it...
Harmonic pattern is ready to go short on FX:EURJPY We have a bearish gartley with the confluence of fibs 61.8. Our target 1 is around the next support and fibs 31.8 and the target 2 deeper support with fibs 61.8. Besides look left and check the structure levels for more confluence. GL (Green...
Drawn S/R horizontal lines on W1 very strong levels coincide with diagional ray and key Fibonacci levels. Fib retrace shows 23.6% reversal occurring, Ichimoku suggesting a bounce off kumo - Channel Commodity Index reverse also respecting diagonal channel. First target 0% on Fib retrace, trailing stop from then on - Stop based on historical kijun-sen flat...
Good Monday traders. Here is the first setup of the week. We have a pure structure based shorting setup on FX:NZDUSD . The market is moving in the wedge currently and I am waiting the price to enter the Red Zone and fall all the way down. The reversal zone is between the structure resist and the fibs 61.8 with the confluence of look left structure. We should wait...
Basic Technical Analysis done here to establish a very nice Long setup. Stops below 1.121 and targets at previous resistance levels. Please leave your thoughts, comments and a like if this was helpful! Happy Trading!
The oil was in consolidation for 49 days which is the same as the rising time from 42.01 to 62.55. Then it started going down at 24.06. Price target: If CD = 1.272 AB, the target is around 53.82; If CD = 1.618 AB, the target is around 51.75. Time target: If the time of wave C is as same as wave A, the bearish will finish around 16.07 or 17.07. If the time of...
1. If price reaches the completion of this GARTLEY pattern I will sell. There are three structure highs close to the completion point of the pattern. 2. Stops will be placed above the highest point which is also the A point of the potential BULL BAT pattern. When several highs are close together the highest point often gets tested. 3. Target 1 is slightly above...
1. If price reaches the completion of this BAT pattern I will wait for a reaction (Engulfing bullish candle, Tweezer bottom, etc) within the PRZ. This entry zone has acted as support in the past. It is also at a 1.272 fib inversion. 2. Stop is placed at the 1.13 fib extension of the XA leg. 3. Target 1 is below the 38.2 retracement of the larger down move and...
Stop is placed at the 1.13 fib extension of the XA leg Target 1 is at the 38.2 retracement of the CD leg. Target 2 is at resistance at the C point. Target 2 stops are trailed using the DNC indicator. Both stops are moved to breakeven when target 1 is hit.
VIDEO: www.youtube.com Hello and good morning traders. Looking at taking a short on the EUR/USD 4 hour time frame. Stops and Targets are in place and following our trading plan with our trades. Please watch the above video for analysis. Star Prosper Philip Stewart
Depending on what side of the triangle (bottom / top) the price is closer to while approaching the 0.764 fib-time, you can start scaling into the respective trade. Make sure not to buy into a potentially premature breakout at point (E). Targets are based on projections of the widest distance within the triangle, down / up from the apex. For the up-target the...
VIDEO: www.youtube.com Hello and good morning traders, hope everyone is having a great morning and getting ready for a big day trading. Looking at the AUD/USD pair on the 4 hour time frame, we're trading a bearish trend continuation trade to the downside and with strong USD figures coming through, we're looking to line up with a good entry point around this...
Hello and good morning traders, I hope you all had a great trading day yesterday. Lot's of big moves, making way for great opportunities. I'm looking at the EUR/USD today on the 4 hour time frame and we've come into an 886% completion for a bearish bat pattern. Stops and Targets are in place, looking for a potential move down into Target 1. Star Prosper Philip Stewart
VIDEO: www.youtube.com Please watch the above video for today's and this weeks trades. Best of luck today in your trades and let's keep an eye on this bearish cypher pattern together. Star Prosper Philip Stewart
Hello traders, I'm looking at the EUR/GBP chart on the 4 hour time frame, but on the 15 minute, we've had a nice simple double top / 2618 setup. At the same time we have a trend continuation move and a 618% retracement from our swing high to swing low right where the double top has formed. We have taken the opportunity to short the market with stops and targets...
VIDEO: www.youtube.com As promised, here is the EUR/AUD 4 hour trade that was entered today. Video about the trade is viewable above. Star Prosper Philip Stewart
VIDEO: www.youtube.com I'm terribly sorry, but we had rendering problems within YouTube with the last video upload. I've gone ahead and re-uploaded the video and the audio is now fixed. Please watch the video for our trade ideas for the day and what we're keeping an eye on. Star Prosper Philip Stewart