Pips2Profit

Pips2Profit

There was a break in market structure to the upside creating a higher high. Failed breakout of January lows caused a Valley low. Failed breakout of February highs caused a Peak formation high. Market Traded back into the lows in 3 pushes and went into consolidation. Looking for another break to the upside followed by 3 more drives into the low. Would expect...

Pips2Profit

Opening range for the year is the month of January. Opening range breakout failed in February and beginning the up move. There were 3 levels of rise out of monthly highs. Market structure broke down making a lower low and beginning a parabolic channel. Looking for continued downside movement prior to channel capitulating to the downside. I view this as a...

Pips2Profit

Thesis: There have been 4 days of Long breakout traders triggered into the market at previous days high. Market is over extended and due for a reversal. There are traders trapped above the low of Tuesday. We are at the high of the current week, as well as the high of last week. Looking for a short term reversal. I will use a Fib tool, set to 100% expansions and...

Pips2Profit

The day after a first red day (3 days of longs triggered into the market and a reversal) I look for a 3 peaks style trade setup either the following day or two days after. Today is setting up for the 3rd peak going into the New York Session. Would need a 3rd peak, break structure to the downside and retest of high on lower timeframe (1 Min) before trade is...

Pips2Profit

ETH/USD set an initial low June 13 2022 with a triple bottom (Daily candle that completes the pattern July 16th 2022). The market has now worked back down into the low in 3 legs (or three pushes) as depicted. Scenario 1: Market trades back into the low 1 last time in the $1085 area and reverses. Scenario 2: The Head and Shoulders that is forming at the lows on a...

Pips2Profit

Large move down followed by an inside day on a Tuesday. Waiting for the market to work down into the lows (previous days low) for a reversal, or for the market to hit the previous days high, trap people going long, to continue the move short.

Pips2Profit

FRIDAY HAS SHORT BREAKOUT TRADERS TRIGGERED INTO THE MARKET ON THE PREVIOUS DAYSA LOW. MONDAY BROKE OUT OF A LARGE CONSOLIDATION FOR A MEASURED MOVE OF THE RANGE AND HAS GONE ABOUT 700 PIPS FROM THE WEEKLY CANDLE OPEN. MONDAY SETS THE INITIAL HIGH AND LOW FOR THE WEEK AND TUESDAY HAS EXPANDED THE RANGE. I WILL BE LOOKING FOR THE MARKET TO ESTABLISH A WELL DEFINED...