FIRST AND SECOND TARGET. 2618 TRADE ON THE 30 MINUTES CHART. PLEASE DON'T COPY MY TRADES, I MIGHT BE WRONG...
I NEVER TRADED CFD. BUT JUST LOOKING AT FEW CHARTS, IT IS A NICE DOUBLE TOP. EITHER SELL NOW BUT IT WOULD BE COUNTED AS AGGRESSIVE TRADE, OR WAIT FOR CONFIRMATION TO BUILT A 2618 TRADE. LOOK FOR PREVIOUS STRUCTURE SUPPORTS AND RESISTANCE TO ASSUME FEW TARGETS. **PLEASE DO NOT COPY MY TRADES, I AM NOT A PROFESSIONAL TRADER.
I WOULD LOOK AT THIS TRADE THIS WAY: 1. I WILL SPLIT MY POSITION TO 4. 2. FIRST 3 TARGETS AS SHOWN AND THE FINAL TARGET IT WILL BE SHOWN ON THE DAILY CHART 3. IF TARGET 1 IS REACHED I WILL ROLL MY STOPS TO BREAK EVEN 4. IF TARGET 2 IS REACHED I WILL ROLL MY STOPS FOR THE REMAINING TO BELOW TARGET 1. ETC.... IF THIS GOES AS I AM EXPECTING, I WILL UPDATE THE 4TH...
DOUBLE TOP CONFIRMED. I SHORT HALF MY POSITION NOW AND KEEP THE OTHER HALF FOR A 2618 TRADE.
WE SAW A RETEST OF THE RESISTANCE LEVEL. I THINK MARKET WILL REVERSE DOWN. BUT I WILL WAIT FOR MORE CONFIRMATION BEFORE ENTERING ANY TRADE ON THIS PAIR
WAIT FOR THE BREAKOUT AND GO LONG OR SHORT WITH THE DIRECTION.
IT LOOKS AS IF THE MARKET WILL RALLY BACK UP. IT COULD BE A GOOD OPPORTUNITY TO GO LONG AND TARGET THE 1.131 AND 1.142 BUT I WILL NOT MAKE ANY TRADE, I AM JUST ANALYZING. I MIGHT PLACE A TRADE IF I SEE A RETEST/DOUBLE BOTTOM, I WILL PUT MY STOPS VERY CLOSE AND PLACE THE TRADE TO AIM FOR THE TARGETS SHOWN.
ON THE DAILY CHART AS YOU CAN SEE IT CLOSED ABOVE PREVIOUS RESISTANCE. MARKET SHOULD RALLY UP TO NEXT RESISTANCE. I WILL TARGET 1.314 WITH STOPS UNDER PREVIOUS SUPPORT.
THIS MARKET WILL BE VERY VOLATILE DUE TO WHAT IS HAPPENING. WE DON'T REALLY CARE, WE WORK ON MINOR MOVES OF THE MARKET. I SHORT HERE WITH 2 TARGETS (1/2 POSITION EACH). I STILL USE VERY BASIC TECHNIQUES : SUPPORT AND RESISTANCE AND FIBS. HOPE IT GOES AS PREDICTED
MARKET SHOULD RETEST THE 1.1283 THEN EXTEND TO 127.2% EXTENSION. I WILL TAKE 2 HALF POSITION. IF TARGET 1 IS REACHED, I MOVE MY STOPS TO BREAK EVEN FOR SECOND HALF. LET'S SEE HOW IT GOES.
I THINK IT WILL BE AN AGGRESSIVE BUY, SO I WILL PUT STOPS CLOSE. BUT TESTING THIS RESISTANCE MIGHT BE A GOOD OPPORTUNITY TO GO LONG TO THE 61.8 RETRACEMENT. PLEASE DON'T COPY MY TRADES, I AM STILL NEW. LET US SEE HOW IT GOES. ON THE DAILY CHART, THIS PAIR IS STILL TRENDING UP. THERE IS NO BREAK BELOW CLOSE BELOW PREVIOUS STRUCTURE. AND THE DOUBLE BOTTOM ON THE...
I think all experts and professional traders don't know this pattern. If this pattern doesn't exist, then I will register it under my name.
I am trying to spot Cypher Patterns. If I am doing it wrong, please let me know. I am new in the Forex, would appreciate some feedback.