Late entry to a trend continuation trade on the advanced pull back with an ice zone providing great resistance, on the move up to my kill zone we see an ascending channel and at the beginning of this channel the market was overbought but continued to make high highs but on less momentum forming this ascending channel which is a loss of momentum pattern, which I do...
Looking at a potential countertrend trading opportunity at a previous outside return level, which historically seems to have held, looking for RSI to be overbought in this zone and reasons for entry, targets are unknown as the move has not been made yet into this zone in order to know the safest place to place stops. Brexit news released on Saturday about a...
Looking at this countertrend trading opportunity that has come at a previous outside level of structure which is also to an ice zone which I would look to get stops above. Targets at 120.024 inside structure level. FX:EURJPY
Trend continuation trade looking for a retest of the lows with target ones at 1.09052 and target twos at 1.08637. I would keep a close eye on Brexit today was a big day after the private meeting between Boris Johnson and Leo Varadkar which resulted in positive news of a potential Brexit deal by the end of October, but the EU summit still awaits, which will be...
Currently in my kill zone and I am looking for a test of 1.08972 looking for a continuation lower to 1.08741. Currently I am looking at an inverse risk to reward to targets 1. We shall see if I get an opportunity.
I am currently looking for a reason for entry FX:EURGBP with targets at 0.88487 looking for a continuation to 0.86348 which is different from my initial target twos of 0.84994 as 0.86348 was a structure swap level which the market may find trouble at.
My opinion on FX:EURGBP is bearish, we had surprising news from the ECB monetary policy statement which drove the Euro down with their stimulus package that attempts to boost the Eurozone economy, the press conference and the announcement of the ECB calling for a big fiscal stimulus as the ECB has mentioned that monetary policy would not be enough alone to help...
Was looking for a reason for entry that would give me a good risk to reward in this smaller killzone with stops above above this structure level, now Im looking for the market to make a double test in which I will put stops above structure. Target one will be at 1.09706, target 2 will be an extension to 1.08614 FX:EURUSD
FX:EURGBP Break of consolidation on the daily, retracement back into this consolidation currently at a smaller structure level which stops can be placed below but we are currently within a much bigger kill zone. At this level there is a descending channel that has been violated to the high side and is currently retracing back into the channel with a double bottom...
AB CD pattern completion at the potential reversal zone with Fibonacci confluence within this zone, good entry reason for a trend continuation trade with stops above the previous highs giving you a good risk to reward.
