ENTRY 1495.37 TP 1510.20 (RR+ 2.04) SL: 1487.63 INTEL: trading a contraction bouncing of support level and heading to next resistance (50% TP)
ENTRY 9.68176 TP 9.60887 ( RR+2.18) SL 9.71481 INTEL: The contraction is leading right to a previous top making this a possible double top pattern. Price action achieved a fake-out to the upside, showing that the "buyers" are dying out. TP1 (50%) and TP2 (61%) both line up with previous resistances, now supports.
I've just taken EURUSD as a buy setup! Expecting easy pips on this Classic PM setup! (Contraction leading to 30% of recent high/low)
I just went long on NZDUSD with what is most likely a contraction breakout. Remember that I only trade 1 pattern across all markets, FX, Commodities, Stocks, Indices, Crypto. TECHNICAL INTEL: Trading a contraction which has made a breakout and re-test already. A double bottom was achieved at the re-test. FUNDAMENTAL INTEL: NZD and AUD are quite affected by the...
In my view SP500 is cooking a vicious selling opportunity, I am not in the trade yet as I was on a holiday and resting from the charts after an action-packed 8 months of trading... I only trade one pattern and that is the Contraction pattern... one is cooking on the weekly SP500 chart and I fully expect a repeat of 1937 to start in September this year... so I am...
I started buying tesla today... We have the end of a contraction and RSI reversing... this is a classic setup of my trading system... easy pips!
The RR on this setup is a positive 2.4 and im trading a reversal contraction, it is a short-term contraction with the TP being just 53 pips away which will make this officially a Moneymonday. JPY is showing weakness acorss the board at this time with contraction occuring virtually on all JPYXXX assets.
The idea is simple, I am expecting a strong GBP and that is what I am trading... so far I am selling EURGBP and buying GBPJPY. Contraction, 3 higher highs and RSI at beautiful reversal level
Most markets are closed today.... but Cryptos are not so I spent some time looking for possible trades in the Cyrpto world! In my opinion, BTCUSD is preparing for a short... a bearish contraction is forming and I am now waiting for the 3rd Higher High which will confirm an excellent short selling entry. (based on my trading system) Remember, my system doesn't...
I've been shorting this since last week, but didn't release the trade idea. I just added on to my sell with this continuation pattern. Im trading a breakout of the contraction, a basic PipsMatter pattern. RR is very solid!
RR is not amazing, its 1.89 positive, but my strategy right now is to only trade intraday for this week thus I am only looking for trades for the day. Trade executed on MAM.
RR is a positive 3.4 and im trading a contraction reversal, no breakout yet. But expecting something good for the UK with BREXIT. As stated in the PipsMatter community, GBP showing BULLS all across, this is one of those 10/10 setups! *Full trade detials in my community
RR is very positive sitting at 5.25. Im trading a possbile contraction breakout and retest supported by a head and shoulders reveral. Further details in my PipsMatter community
RR is a positive 2.20 and TP can easily be reached today. I am trading a contraction reversal here, a basic PipsMatter pattern and have already executed the trade on the MAM account.
All necessary intel is located in the chart.
Contraction breakout, target TP is 50% retracement. (PipsMatter Pattern #1)
Using the PIpsMatter System to release this trade idea. I released it a while ago in my trading community, the trade is a day trade and it is interconnected to the USD Index which also suggests that the Dollar will be weak. Looks like easy pips as this is a great PM trade setup!
I went in BIG in this sell trade on GBPJPY because the weekly chart just provides me with far too many reasons to sell this pair early in the trading week.