Art_of_Trading

Art_of_Trading

The market moves sideways on FX_IDC:EURUSD 1H chart. It is a good opportunity for advanced pattern traders. The gartley pattern is formed, which provides a good entry point and TP & SL levels. Moreover, there is a support level at 1.0855. The price respected those level few times, and it is more likely it will do it again. Big positions are usually placed at key...

Art_of_Trading Updated 

There market is trending on EURAUD on a daily chart. It makes Lower High and Lower Lows, which means going downtrend. Currently, it is closed to its previous high and it is more likely that market bounce it back and continued downtrend. Moreover, Gartley pattern apprears on Daily chart, which increases the probability of this trade to go short. Also, there is a...

Art_of_Trading Updated 

The EURUSD developed a gartley pattern on 1 H chart. It hit the entry point and it a good opportunity to go short. There is a resistance level at 1.0947, which increase the probability of this trade. Usually, big positions are placed at key levels like that resistance and it is more likely the drops and hits the targets. T1 - 38.2 T2 - 61.8 Note: There are...

Art_of_Trading Updated 

On FX:EURUSD , the market getting closed to the major 4h support at 1.1125. Price respected that level few times and it is more likely that it will do it again. Last bars show that the bears are getting control of the price, which gives an opportunity to go short. Moreover, gartley pattern appears, which increase the probability of this setup and provides exact...

Art_of_Trading

On FX:GBPUSD , there is a great opportunity to go long. The market moves sideways, which formed the valid Cypher pattern. Thus, it gives a good Risk/Ratio. However, it is better to wait the market to be opened and see Monday reactions, not to rush a trade. T1 - 38.2% T2 -...

Art_of_Trading

On FX:EURJPY , the market has no clear trend and it getting close to support level at 113.96, which bounced back. it is expected that buyers will step in at that level, as it is the best opportunity to go long. Moreover, the market formed valid gartley pattern which increases the probability of this trade. T1 - 38.2% T2 -...

Art_of_Trading

On FX:EURUSD , the market moves sideways last few days. It found its support at 1.2305 and resistance at 1.1268. The red box shows that the market cannot decide who will get control of the price, Bears or Bulls. The best approach will be to wait breakout and then enter short/long, as people say follow the trend. Few fundamental news coming out today and it is...

Art_of_Trading Updated 

On FX:EURUSD , market moves sideways, which formed a triangle at 1H timeframe. It gives an opportunity to buy/sell at breakout. However, for conservative traders, you may wait for backtest to be considered as a valid...

Art_of_Trading Updated 

On FX:EURJPY , the market is not trending and it gives an opportunity to advanced pattern traders. There is a support at 113.909, the market respected that price again and it is more likely that it will do again. We are all aware that big trades are placed at key levels like this support. Bat pattern appears on 1H chart and it gives the exact point where to enter...

Art_of_Trading

On FX:EURGBP , the market broke out the support level at 0.84424 which became the resistance. Also, last swing made a new structure which can be the sign of new downtrend and an opportunity to go short. Moreover, the fibbo level 38.2% exactly hits the same resistance zone and the last bars long shadows shows that bulls are getting their control. PS. Draghi speaks...

Art_of_Trading

On FX:EURAUD , the market moves sideways on 1H bars. Sellers (bears) are in control of the price today, but there is no clear bearish trend. The price is getting close to structure low at 1.4958, which acts as resistance. It can be assumed that some sellers will lock their profits at those area and some buyers will step in to buy at structure low, which push the...

Art_of_Trading

The Bat pattern appears on FX:USDCHF , which will finish its D leg soon. This gives a signal to go short. Moreover, there is a resistance level at 1.0008. Price respected that level few times and it is more likely it will do it again. T1 - 38.2% T2 -...

Art_of_Trading

The market moves sideways on EURUSD 1H bars. There is a resistance area around 1.0877 and trendline (pink line), which acts as a dynamic resistance too. There is a probability for short, because majority of selling orders will be placed that are and we can follow those large...

Art_of_Trading

On FX:EURJPY , the market is not trending . However, the harmonic bat pattern appears which gives an opportunity to go short. The price was going up on Monday and the next swing high is a good level buyers to lock their profits and sellers to step in. This will result to price dropping. T1 - 38.2% T2 -...

Art_of_Trading Updated 

On FX:USDJPY , the market is not trending on 4H bars and it gives an opportunity to harmonic pattern traders. There is a Cypher pattern, which finished its D leg. This provides a signal to go short. This advanced pattern has the highest success rate (70%). Wait the market open on Monday to avoid any unpredictable spikes. T1 - 38.2% T2 -...

Art_of_Trading

On FX:EURAUD , the price moves sideways. There is a potential cypher pattern, which gives an opportunity to go short. Moreover, the price going close to resistance at 1.5397, which gives an additional support to this pattern validity. T1 - 38.2% T2 -...

Art_of_Trading Updated 

The price has been dropping for the last few days. The question is when the bulls step in and get their control back? The market moves sideways on 1D chart. Thus, we have no directional bias. There is a key area at 1.0957. The price respected that level few times and it is more likely it will do it again. It was resistance, but after the breakout became a support...

Art_of_Trading

On FX:EURUSD , the market not trending on hourly chart. The price formed triangle (it can be pennant in the 4H bars), it means not bears nor bulls are in control the price. It is consolidated and we have to wait the perfect moment to see who gets the control and trade on their side. In this point, wait for the breakout confirmation and then...