EURJPY could be the trade of 2018! This multi-year bat pattern is almost completed. I am looking to sell this market once it pop another 200 pips higher to complete the pattern down to the support and continue selling this market throughout the year.
I've got stopped out on this market and been waiting for opportunity to get in. This market has now offered me an extremely high price to sell. It has popped up to complete the bat pattern and its now traded below the wave 1 low. I am selling at market and planning to swing trade it. It offers a great RR.
This market is holding at the past support become future resistance (0.7805). Looking at lower time frame, the probability is going downside than upside because it has completed its 5 wave up swing. It has also formed its 5 wave down sequence and its holding at the wave 1 low towards downside. I am selling this at market at 0.7795 with the stop above the 3rd...
This market has broken the long term down trendline (In green) and it has formed a new up swing, has its retracement at the backside of the broken trendline. In addition, it has also formed a bullish crown with the right tip equals to the left tip. I have entered at 0.98561 and target 1.02 with by stop below the center tip low
This week Hot Pick is the GBPJPY! Pretty simple setup. This market has formed a double top at a strong past support becomes future resistance. In addition, looking at GBP crosses, I anticipate the GBP weakness for this upcoming week. However, due to heavy fundamental announcements this week, I am looking to reduce my normal 1% risk to 0.5% risk per trade. I am...
I have been trading this harmonic pattern which most likely will be completed with a 5 wave sequence. I have traded the 3rd impulsive wave and I am looking to chase after the 5th. For next week, I am looking to enter at the red counter trendline break and chase after the 5th wave target. We have a nice confluence 5th wave level with the crab pattern completions....
I have noticed a bat pattern almost complete itself in 4H time frame. This market is at an extremely high price and I like a sell at a confirmation