Potentially 2 shorting opportunities on AUDCAD H1 in the form of 2 bearish Cyphers. Price is "stuck" between 2 levels of daily resistance (the red box) and support (the green box) + this pair consolidates most of the times so advanced patterns occur very often. Orders are in place for both patterns but you want to bare in mind the BOC interest rate today at 4PM...
Pirce is pushing down on this pair and I'm already short from FTB signal (candle with the arrow; strategy has no take profit as I trail stop regularly and lock in profit as price keeps moving in my favour). But now price is approaching the completion point of a Cypher giving me a buying signal! Should I get out the short trade and get long the Cypher ?! That's...
Haven't been sharing ideas in a while so thought to share this couple opportunities on my radar for GBPNZD for the day with this bull BAT and bearish Cypher. Have a great day in the markets!
Just sharing with you guys a few opportunities on my radar for the rest of the week on this pair. As always, it's all about playing the patience game and letting price come to me and sticking to MY trading plan! Have a great day in the markets folk !
Haven't been posting any ideas in a while so wanted to share this triple bearish opportunities I will have on my radar today and the rest of the week. As always stick to your trading plan adn your trading rules! Wish you guys a great rest of the week
After a nice profitable DT on this pair earlier this week and an attempt to break and close above the resistance level, price has broken the bearish trend on the H1 timeframe, is in potential bearish rotation and is back up to retest the daily resistance level again. A couple hours ago price cam back in my zone of interest with RSI was oversold. Will now be...
Since the beginning of the week I had this daily level of resistance on my radar to get involve on the short side on this pair. With post-market analysis yesterday I spotted the bearish BAT pattern and had order placed before I went to bed. As I go through my pre-market analysis this morning, I noticed a few things on this pair : - first my pending order on the...
After getting wiped out on both bearish BAT patterns yesterday, price is back at an area where several daily levels of resistance gather together. Price got in my zone of interest, RSI is oversold on the H1 timeframe, so I'll be waiting for a double top with a retest and divergence on the RSI to short this pair. Have a great day in the markets folks!
Wanted to share this double short opportunity on this pair, with these 2 BAT patterns. Because price broke below the daily level of support (the green/red box) I have a bearish bias on this pair and I'm expecting price to keep moving down to a retest of the 0,9662-0,9577 area (next level of support). However, we've seen some resistance at the A leg of the bigger...
Haven't started trading this year yet (trading starts next monday; this week it's "slowly" getting back in the various routines with work, gym, charting and market analysis but not placing trades) but spotted this opportunity to short GBPJPY for those of you trading Cypher patterns; which is also forming at a daily level of resistance The pattern can be entered...
After getting spanked on the bearish Cypher yesterday (the red pattern), price has now broken above the previous daily level of structure (the green box with red border) and is heading towards the next level of daily resistance (the double red boxes on top of the chart). 2 scenarios are then on my watch list : - price can go straight up to the next level of...
Wanted to share with you guys this bullish opportunity on the H1 EURUSD with this potential BAT pattern in formation. If it completes I won't be able to get involved as I'm already long EURUSD on a bigger BAT (the green pattern) and haven't hit first target yet so can't take another trade on that pair yet. But sharing it for those looking for a potential long...
Just sharing an opportunity on my radar with you guys. After getting stopped the bearish Cypher earlier today (the green pattern), I'm reloading for a potential Double Top on the H1 timeframe. Price is a daily support/resistance level (was support and got broken a couple weeks ago, so we'd expect the level to become resistance), and the move stopping me out the...
Morning folks, Quite a few things on my radar for today and the rest of the week but wanted to share this nice opportunity : on the daily time frame this pair has been going sideways since end of september, and consolidating since the beginning of the month, so I'm having only advanced patterns on my radards. However, this does not mean you wont have small trends...
This pair has been nice to me this past 2 weeks with a total of 3 winners (the green patterns) and 1 loser just now (the red pattern) and price is slowly making its way toward the next level I'll be paying attention to, being the orange box (daily level of support). If Price gets down there I'll be looking for a double bottom (will need my personal rules met to...
Just wanted to share with you guys an idea you might want to define rules and backtest. Price is at major level level of resistance on the daily (the red box), and though the previous hourly candle broke and closed above it, we're noticing RSI divergecen as price pushes higher, but RSI can't push higher, indicating that price potentially might reverse to the...
A bit similar to what I'll be keeping an eye for on GBPJPY is those 2 patterns on GBPUSD, with the difference than here it's 2 bullish patterns, and price has been consolidation so I'll be looking for conventional targets on both patterns! Have a great one folks ! Follow my journey on social media (see links in my bio)
On my radar on this pair for the rest of the week is these 2 patterns. Price is in a potential bullish rotation on my trading timeframe so I will be looking to take semi-extended targets on the bullish BAT if it completes. The bearish Gartley being counter-trend on my trading timeframe, I'll be looking for conventional targets if it completes. Have a great rest...