TheDailyTrader_FX

TheDailyTrader_FX

Pair is curently forming a bearish bat pattern after a short term bearish move. Pattern is completing around 1.18 even handle number that is proven to be a significant level in the past. Nice short term shorting opportunity.

TheDailyTrader_FX

Pair is curently forming a bearish bat pattern after a short term bearish move. Pattern is completing around 1.18 even handle number that is proven to be a significant level in the past. Nice short term shorting opportunity.

TheDailyTrader_FX

Pair has been trending up since March 2020 so Im bullish on this pair just as long as price havent violated the December lows as well as structure support at 0.70050. This bullish bat pattern is providing nice opportunity to get in with the trend at the structure support. RSI will most likely be oversold at the comletion of pattern or even sooner, so I will be...

TheDailyTrader_FX

Gold has been on the rise for long time now. probably it is time to have a little rest. Countertrend trade setup.

TheDailyTrader_FX

On the daily chart below we can see that price has been trending up for quite a while and just recently, back in Januray 8th, price has put in new structure highs followed by a complex pullback that we are now seeing to form. This uptrend is still being valid as long as we havent violated previous lows, so I am looking to get involved in long position. Dropping...

TheDailyTrader_FX Updated 

Pair has broken below the major structure support back in November 2020, as we can see on the daily chart below. Price has already tested the previous structure level once and now is coming back for second test, if this one is gonna break through the previous struture level, then we gonna get possible double bottom here. But if it doesnt then we may se a move...

TheDailyTrader_FX Updated 

Pair has been in a downtrend since March 2020 and here is another opportunity forming to sell this pair for 160 pip potential profit. Price is now approaching previous structure level, which also happens to be at 1.76 even number and daily moving average. Another interesting fact is that price has formed a bearish butterfly pattern over the last few days of...

TheDailyTrader_FX

Pair is curently making new lows towards the completion point of bat pattern @ 1.54475 that has been forming for the last month, and has been on my radar since the start of the month. On the Daily we have been moving sideways since march 2020, very long consolidation that is excellent environment for some pattern trading. Last weeks trading finished with lower low...

TheDailyTrader_FX

Pair is currently forming a bearish head and shoulders pattern. If price breaks below the patterns neckline, I will be waiting for a pullback back to the broken neckline before put on any sell orders. Plan your trade, trade your plan and good luck in the markets.

TheDailyTrader_FX

Pair is currently forming a bearish head and shoulders pattern. If price breaks below the patterns neckline, I will be waiting for a pullback back to the broken neckline before put on any sell orders. Plan your trade, trade your plan and good luck in the markets.

TheDailyTrader_FX

Following bounce from previous structure support, pair has formed bullish head and shoulders pattern. We have seen a hold of this level several times in the past. Price action has already broke and close above the patterns neckline, however RSI is overbought which telling us that this might not be the best time to buy this pair just yet, so I will be waiting for a...

TheDailyTrader_FX

Following bounce from previous structure support, pair has formed bullish head and shoulders pattern. We have seen a hold of this level several times in the past. Price action has already broke and close above the patterns neckline, however RSI is overbought which telling us that this might not be the best time to buy this pair just yet, so I will be waiting for a...

TheDailyTrader_FX Updated 

Pair has formed bullish bat pattern. First reaction to the Potential Reversal Zone(PRZ) looks good, but I would prefer to see double bottom with RSI divergence at this level before entering the trade. ATR based stops below the bats satrting point X. I remind you that this is just my vision about possible market movements. If you have your own, please share in...

TheDailyTrader_FX Updated 

Pair has formed bullish bat pattern. First reaction to the Potential Reversal Zone(PRZ) looks good, but I would prefer to see double bottom with RSI divergence at this level before entering the trade. ATR based stops below the bats satrting point X. I remind you that this is just my vision about possible market movements. If you have your own, please share in...

TheDailyTrader_FX Updated 

Pair is currently forming bullish bat pattern completing at 1.74650, RSI is nearly overbought and diverging already. ATR stops below the pat starting point X. Plan your trade,trade your plan and good luck in the markets!

TheDailyTrader_FX Updated 

Pair is currently forming bullish bat pattern completing at 1.74650, RSI is nearly overbought and diverging already. ATR stops below the pat starting point X. Plan your trade,trade your plan and good luck in the markets!

TheDailyTrader_FX Updated 

Pair is now forming a potential bullish gartley pattern completing at 1.50785. RSI is confirming buy signal as its reading is below 30 already, so we might see an RSI divergence at the completion if bears push price any lower. ATR based stops below the Gartley starting paoint X. I remind you that this is just my vision about possible market movements. If you...

TheDailyTrader_FX Updated 

Pair is now forming a potential bullish gartley pattern completing at 1.50785. RSI is confirming buy signal as its reading is below 30 already, so we might see an RSI divergence at the completion if bears push price any lower. ATR based stops below the Gartley starting paoint X. I remind you that this is just my vision about possible market movements. If you have...