SamuelToro

SamuelToro

HEY!! We have quite large bearish engulfing candle on the top with a long wick. This can potentially signal a nice short move to the downside. I find that these kind of set ups are good, because it is very possible to enter a trade like this with a small stop loss :) Take care of the risk first and the profits will follow!! Safe Trading Everyone!! -ST

SamuelToro

USDCAD is on a key level now, trying to g through third time to higher prices. We broke through the 200-EMA line, so there is potential for a bullish move. Red color is the advancement of bearish moves and blue is therefore for bullish moves. This is how I see what the next moves of the market will be, now is the time to wait and see what happens :) This pair is...

SamuelToro

Hey There!! It looks like we have a nice double top in this pair, and this provides us with a REALLY GOOD and profitable Risk to Reward Ratio! Double top is a reversal pattern and we can be expecting a bearish reversal from this level. I am an optimistic person, so I think it should come down to the 50% line, marked with that purpelish channel ;) BUT of course...

SamuelToro Updated 

YOYOYO Traders!! This pair is in an important zone right now. It currently is on the 50% line, which is a strong line usually, but we have to observe price to see if it wants to go to 618% or keep going from there as well. Personally, I will look at what happens on the 50% line, this being a retracement, we could get a EXTREMELY GOOD Risk to Reward ratio from...

SamuelToro

Hey Hey! From the previous time I posted from EURUSD it bounced higher, creating a bearish 4h engulfer on the top there, hopefully signaling a start of the downward move. This is the set up I am going to be looking for: a bounce from the 200-ema to the area of 50-618% for shorts. Much better to short from a retracement than go in right away, so lets wait and see...

SamuelToro

It seems that this pair is forming a nice bullish flag, although there is a engulfing bearish candle, I think we will not get a bearish impulse just yet. Expecting to see a bounce up from the 50-618% area. Good RR-ratio obtainable here as well, to buy on the dip down :) Safe trades, take care of the risk first, profit will come. -ST

SamuelToro

It looks like the pair has started its journey up back to the resistance line, where price was previously rejected. Let´s see what it will do there again, shall wel?! :) Anticipate - Don´t React!

SamuelToro

Almost perfect H&S Pattern on a exhausted upwards move in this pair, it can be expected to get a nice downward move from this one with a good RR-ratio !!!! :) The pair seems to really exhausted as well, seen from the kind of sideways movement and lack of momentum. Anticipate - Don´t React! -ST

SamuelToro

He-he-hey! Anticipating this elliot wave structure to complete, three-wave structure is now complete and fourth sideways retracement is what I am waiting for! Let´s see if this will play out :) Uuu Exiting!! Anticipate - Don´t React! Good Trading´s -ST

SamuelToro

WADAP! We have a 4H engulfing pattern, from what we got a nice move down already. We also got a 618% retracement (good to get on the short side from this), that is still in play, but looks like we have rejection from it now. It looks like the pair is still slightly bullish, even tho it is very exhausted. We might get a nice bearish move (marked with RED), but also...

SamuelToro Updated 

Possible short idea here, with a head and shoulders coupled with a right shoulder 618% retracement with two bearish 4h pin bars. Also we are on a resistance line here, that might support a bearish move. Possible to get a good RR on this one. Market is volatile so anything might happen, but hopefully we will get a nice clean move down to the red line (50%line)....

SamuelToro

Hi there! We could be expecting a possible inverse H&S pattern on the daily chart in USDJPY. This is a very powerful reversal pattern and let´s keep our eyes wide open for a possible bullish move!! Looking at price within couple of days now will give a good impression of what is happening! "what you see in front of you, is what you see in your head" -ST

SamuelToro

It looks as if we are getting a rejection from the 50% fibonacci level, confirmation and caution needed. IF we get a bearish signal we might expect a long awaited fall of the pair, down to 1.24 levels. There is plenty of room downside, and we are on a weekly resistance that is strong. Watch what price does at 1.357 or the 50% fibo level. Anticipate - Don´t...

SamuelToro

If looking to get short from 1.02525 area - look for price action signals to confirm that a top has been made, double top, pin bar, retracements etc. Good RR-ratio can be obtained here since it is so close to a major resistance line. Happy trading - What you see outside, is what you see inside in your mind. -S

SamuelToro

This is my setup for selling the pair NZDJPY. When breakout of drawn line is clear on the daily chart, I will sell. Sell on the red line, just below the balance line on the alligators teeth. Happy Trading :)

SamuelToro

Hey Guys! The AudJpy has touched the 200-day moving average, so this is a good spot to watch for price action. Watch closely, this can be a good spot to short this pair. Also the pair has made a clear double top, usually a clear sign for reverse. Go to lower timeframe (1-4h) to observe breakouts of trends and see if we will get a move downwards ! It´s all in the...

SamuelToro Updated 

We got a bounce today following the Canadian CPI data @ 15:30. I was short already and totally missed todays news announcement, oops. We arrived into daily resistance tho, a good place to add already to a short position! Here you can get a good ratio on your trade with stops just above the daily highs! Happy Trading! :)

SamuelToro Updated 

It looks as if we might get a breakout of the trendline soon! This level we need to exercise caution, it has not been broken yet. Still momentum and acceleration are pointing to a move downward from here. The breakout can be observed from a lower time frame and should too :) Happy Trading, dont forget stops and be happy while you trade :) Its an adventure! - ST