Hi traders, On the EURUSD we are looking at a potential bat pattern. As long as price doesn't go beyond point A, the pattern will remain valid. Completion is at a value of 1.10305., which is market as point D. This lines up perfectly with two trendlines and previous support. Entry: 1.10305 Stop: 1.10180 Target 1: 1.10477 = R:RR 1.45 Target 2: 1.10669 = R:RR...
Hi traders, On the daily chart of the EURAUD I am looking for a long entry at the low spike at the end of 2015. Combined with a completion of the AB=CD this is makes a nice entry. Entry: 1.43490 Stop: 1.42455 Target 1: 1.48028 = R:RR 4.57 Target 2: 1.51893 = R:RR 8.51 Will keep this updated as time progresses. Best of luck!
Hi traders, Last week I was looking for a long entry on the NZDUSD at the trendline. Price managed to break this, therefore I am now looking for some bearish actions for the coming days. Trade will be entered as soon at the markets open again . The cypher pattern is still valid. Entry: 0.7115 Stop: 0.7625 Target: 0.7011 = R:RR 2.38
Hi traders, The GBPCAD has broken the hourly trendline. Retest seems to be confirmed, so we can expect more bearish action on this pair. Stop goes about the hourly double top. Entry: 1.71330 Stop: 1.72125 Target 1: 1.70015 = R:RR 1.60 Target 2: 1.68324 = R:RR 3.35 Will keep this updated as time progresses. Best of luck!
Hi traders, On the EURUSD we can see a potential cypher pattern forming. Completion is at point D, at a value of 1.1153. This pattern lines up with the previous structure formed after the Brexit news. Entry: 1.1154 Stop: 1.1204 Target 1: 1.085 = R:RR 1.4 Target 2: 1.039 = R:RR 2.33 Best of luck!
Hi traders, On the USDJPY I am looking for a short entry at the structure. Entry: 103.18 Stop: 103.85 Target 1: 102.170 = R:RR 1.5 Target 2: 101.487 = R:RR 2.5 Target 3: 100.275 = R:RR 4.35 Best of luck!
Hi traders, The XAUUSD seems to be stuck at the 1.272 fib of the major move, combined with an AB=CD over the last month. See below for additional information. Entry: 1.358 (Current market price) Stop: 1388 Target: 1306 R:RR = 1.73 Best of luck!
Hi traders, On the GBPUSD we are looking for a short entry at the blue bearish trendline, which kind of lines up with the previous structure. Entry: 1.47 Stop: 1.492 Target 1: 1.4482 Target 2: 1.436 Target 3: 1.409 I will keep this updated as time progresses. Best of luck!
Hi all, On the USDTRY we have a potential bat pattern forming. This pattern will be completed at point D. The stoploss is below point X. The targets are based on previous structure. Entry: 2.795 Stop: 2.737 Target 1: 2.869 Target 2: 2.9315 Best of luck!
Hi traders, On the EURUSD I'm looking at a closed 4 hour candle above the top green trandline. Another possibility is an entry at 1.106. This has area has changed many trend directions. I know people have been waiting for this retracement for like 2 months. -----------------------------INFO ON BREAKOUT TRADE----------------------------- Entry: 1.116...
Hi traders, On the XAUUSD I'm looking for a long entry around the 1190 mark. this has been support and resistance in the past. Also check the weeky chart below. Entry: 1189.7 Stop: 1171.6 Target 1: 1214.3 Target 2: 1260 Best of luck!
Hi traders, For this pair I have two setups waiting for the upcoming week. Both of them involve a breakout, then a retracement for a good entry. Note: I will not enter on the initial breakout, only on the retracement. For the short trade Entry: 1.1045 Stop: 1.111 Target 1: 1.0974 Target 2: 1.0894 ----------------------------------------------------- For...
Hi traders, RIght now I am entering a long position on CHFJPY. Many CHF pairs are at structure and many xxxJPY pairs want to move upwards. Entry: 113.134 Stop: 112.66 Target 1: 113.767 Target 2: 114 Target 3: 114.533 Best of luck!
Hi traders, The last week the EURUSD has been consolidating and I have been long and short on this a few times now. Here is my next setup. Long or short, I don't mind. The entry, stop and targets are based on previous structure within this consolidation. Information for the long position Entry: 1.1345 Stop: 1.132 Target 1: 1.1369 Target 2: 1.4516 Information...
Hi traders, For this pair I will be looking for a long entry next week. This is a commonly used trading pattern that occurs on many occasions. I am looking for a tight entry to keep my loss as low as possible and my gain as high as possible. Entry: 1.293 Stop: 1.283 Target 1: 1.314 Target 2: 1.3281 I will keep this chart updated. Best of luck!
Hi traders, The GBPUSD has broken the bullish trendline this week. The 1.406ish area has been tested a few times now. For the coming week I am expecting a retracement back to this trendline, from where we can enter a short position. Entrypoint may vary, but will probably be close to the 1.428 area. Depending on how fast the market moves. NOTE: JUST SHARING THIS...
Hi traders, On the AUDCAD I am looking to enter long around 0.977 area. My reasons for this long: Retest of the trendline breakout 0.618 fib retracement of the daily move 0.382 fib retracement of the weekly move 0.618 fib retracement of the monthly move Previous structure Entry, stop and targets are based on structure. Target 2 is just below the 1.00...
Hi all, On the EURNZD chart we can see a few things that makes me believe that market is going to reverse to the downside. Bearish trendline 38.2 fib of the move between may 2015 and sept 2015 61.8 fib of the move between sept 2015 and dec 2015 61.8 fib of the move between jan 2016 and dec 2015 Previous structure Entry: 1.67239 Stop: 1.69 Target 1:...