TheDailyTrader_FX

TheDailyTrader_FX Updated 

Pair has formed Bullish Bat formation. Looking for market to retest the Bat completion @ 0.90250 in order to get best Risk/Reward ratio before entering. RSI should be diverging on retest. BUY @ 0.90250 S/L @ 0.90045 T/P 1 @ 0.90608 T/P 2 @ 0.90830 T/P 3 @ 0.91000

TheDailyTrader_FX Updated 

Following breakout of bear channel, bulls has pushed price higher towards major structure level and consolidated right below it. Currently pair is potentially forming a Bearish Bat pattern completing right at the major structure resistance. If price continues higher towards Bat completion point at 0.99845, then I will be looking for sell signal around this level,...

TheDailyTrader_FX Updated 

Following long bearish three point correction, pair has put in double top,and broke below the support of double top and is now potentially reversing. After breaking below the support pair is currently forming a potential bullish bat on 15 min TF, completing at the previous structure support(now resistance).

TheDailyTrader_FX Updated 

Following long bearish three point correction, pair has put in double top ,and broke below the support of double top and is now potentially reversing. After breaking below the support pair is currently forming a potential bullish bat on 15 min TF, completing at the previous structure support (now resistance).

TheDailyTrader_FX Updated 

Following bullish three point correction wave on 4H pair has put in clear double top , with bearish divergence on RSI . Price action has already broken below structure support signaling further decline. Im looking for price to pull back to broken support at 0.69000, which also happens to be 38.2% Fib Retracement. ATR based stops above the double top .

TheDailyTrader_FX Updated 

Following bullish three point correction wave on 4H pair has put in clear double top, with bearish divergence on RSI. Price action has already broken below structure support signaling further decline. Im looking for price to pull back to broken support at 0.69000, which also happens to be 38.2% Fib Retracement. ATR based stops above the double top.

TheDailyTrader_FX Updated 

Following recent decline from bullish channel resistance, pair has consolidated and currently forming potential Bear Flag. It is also pushing towards the major structure resistance. If this scenario plays out then I would also be looking for bearish divergence on RSI and confirmation on lower time frame. 1st profit target near most recent lows at 1.32000 2nd...

TheDailyTrader_FX Updated 

Sell on Bat completion around 1.13288

TheDailyTrader_FX Updated 

This Bearish Bat is forming on EUR/CHF 15min chart. Interesting fact is that it is forming right after another,bigger bearish bat completion on 1h chart. I will go on and short this one if price action is going to reach the completion point of the smaller bat at 1.13332. Entry technique- Lower Low Lower Close candle around bat completion price. I will place ATR...

TheDailyTrader_FX Updated 

This pair has formed a bear flag on daily time frame(Blue solid lines on the chart). Price is now siting on bear flags support line as well as on structure lows. No extended targets as bias is still bearish. Descending Channel Structure lows Bearflag support RSI Divergence

TheDailyTrader_FX Updated 

I have to admit that my previous analysis on this pair has turned out to be wrong. Market has destroyed my bear flag idea I posted lately, and formed this Bull Cypher pattern that has completed right at the Fridays closing price. This could actually gap to the upside as the market open.

TheDailyTrader_FX Updated 

Following false breakout, pair has put in double top. Bearish divergence on RSI confirming that, the bullish move is over. Looking for pullback back to the previous structure support(now resistance)level, to get the best risk reward ratio, before shorting this bad boy. Stop loss above the double top.

TheDailyTrader_FX Updated 

Following bearish move this pair has formed descending channel, signaling that bears had ran out of steam, however we may see another bearish leg down to the channel support line. Currently pair is forming potential head and shoulders pattern. If price pulls back to resistance at 1.51531(right shoulder heights of potential pattern), then look for the sell...

TheDailyTrader_FX Updated 

After recent break of structure resistance pair has formed bullish bat with its completion point sitting right at broken previous structure resistance now support. ATR based stops below initial starting point of pattern ( X ) 1st profit target goes couple of pips below patterns middle point ( C ) also happening to be 50% fib retracement of bat.

TheDailyTrader_FX Updated 

Following recent bearish move, market is currently forming bearish cypher completing right at the structure heights. Additionally to that there is Bearish AB=CD pattern completing at the same price levels. These same levels also happens to be near 38.2% Fib retracement of most recent bearish swing. If price pushes up to these levels then, considering all the...

TheDailyTrader_FX Updated 

Hi Traders! This pair has put in false breakout as well as Double right after. There is also Bearish divergence on RSI confirming bearish bias. Currently pair has broken previous structure support, turning it to a resistance. Sell @ 1.13302 ATR Based stop loss above the previous heights @ around 1.13478 First take profit target @ 1.13052 Second take profit target...

TheDailyTrader_FX Updated 

Sell Bat completion @ 124.684

TheDailyTrader_FX Updated 

Nice trend continuation trade setup. Pair has broken below previous structure support and currently forming Cypher pattern. Good potential to see a retest of most recent lows.