AUDNZD has set up a perfect in trend bullish engulfing setup. If price pulls back to the 50% area i'll be looking to enter there for a sniper entry. Buy stop trade currently activated. Confluences: Higher high Higher low Real bullish engulfing Lower bollinger band outbreak TP set at previous highs close. SL set 5 pips below bullish engulfing low.
Confluences: Re-accumulation forming Recent higher highs Spring closed above previous body high Strong lower bollinger band outbreak Large bullish engulfing candle TP set at previous candle body highs. Trail SL for max profit. SL set below engulfing candle low.
EURAUD has formed a strong bearish engulfing in the direction of the long term trend. The bearish engulfing pattern is confirmed by the strong bollinger band out-break and the long term downtrend. SL is placed at engulfing candle body high, TP1 is set at 2X the risk.
EURGBP has formed a strong bearish engulfing in the direction of the long term trend. The bearish engulfing pattern is confirmed by the strong bollinger band out-break and the long term downtrend. SL is placed at engulfing body high, TP1 is set at 2X the risk. Might hold this trade for a while if price closes below resistance.
AUDCHF has formed a strong bullish key reversal on the 4 hour time frame. This trade is confirmed by the strong uptrend and the strong bullish key reversal with a lower bollinger band outbreak. TP is set at previous highs, candle body high. SL is set below key reversal low.
AUDJPY has formed a strong key bullish key reversal on the 4H time frame. This trade is confirmed by the key reversal with a lower bollinger band outbreak and the strong uptrend. Similar setups to NZDUSD and AUDUSD but AUDJPY and AUDCHF are stronger because they never reached previous support before forming strong key reversals. TP at candle body high of the...
EURUSD - Strong bullish engulfing long setup on the daily time frame. Long term uptrend and strong lower bollinger band outbreak confirms this bullish engulfing long setup. Great risk to reward trade. For safer entry set buy stop 3 pips above previous high. (forgot to draw support levels sorry!)
USDCHF - Strong bearish engulfing short setup on the daily time frame. Long term downtrend and strong upper bollinger band outbreak confirms this bearish engulfing short setup. Great risk to reward trade. For safer entry set sell stop 3 pips below previous low.
NZDJPY has formed a 100 score bearish engulfing pattern on the daily time frame. The significant bearish engulfing is in the direction of the long term down-trend. A very strong Bollinger Band out-break confirms this setups. A move down will confirm the start of impulse wave 5. Strong support formed at 79.3. SL set above previous highs. TP set at strong support....
XAGUSD (SILVER) has formed a bearish engulfing pattern on the daily time frame. Price broke strongly out of the upper Bollinger Band after making a fake breakout above the triangle. Stop loss set above recent highs, take profit set at strong support. Very similar setup to XAUUSD as XAGUSD are highly correlated to each other.
XAUUSD (GOLD) has formed a significant bearish engulfing pattern on the daily time frame. Price has now pulled back to allow a very low risk, high reward entry. There is a very strong Bollinger Band squeeze which indicates that high volatility could come soon. Price appeared to make a fake break-out above the triangle. A significant bearish engulfing candlestick,...
GBPCHF has formed a bearish engulfing pattern on the daily time frame. This short setup is confirmed with a strong upper Bollinger Band outbreak, a significant bearish engulfing pattern, and RSI divergence. SL set above previous highs. TP set slightly above strong support. I will close this trade upon the first opposing significant bullish engulfing...
EURNZD has formed a bearish engulfing pattern on the daily time frame on 10/12/2017. A very strong Bollinger Band out-break, a significant bearish engulfing, and RSI divergence confirms this short setup. SL set above previous highs. TP set at previous support. I have entered at the open of the market on 10/13. I have now moved my SL to break-even. Confirmation...
EURAUD has formed a bearish engulfing on the weekly time frame on 10/12/2017 with a strong upper Bollinger Band out-break at a previous high. RSI divergence on H4 time frame. Engulfing formed after a bounce off of the strong support level. Bearish engulfing also formed on the weekly time frame. SL set above previous highs. TP set at previous support. 1:5 Risk to...
XAUUSD has formed a bullish engulfing candle on the daily time frame. A bullish confirmation candle has closed further confirming this setup. RSI divergence and a trend-line break has occurred on the H4 time frame. Price failed to close below the middle bollinger band on the weekly time frame. I will post H4 and weekly point of views in the comments below. SL...
XAUUSD has formed a significant bearish engulfing on the weekly time frame after bouncing off a strong support level. A very strong Bollinger Band outbreak confirms this long term short setup. SL set above previous highs. TP set slightly above the first thinner resistance level. Price may continue all the way down to the support level.
AUDJPY has formed a significant bearish engulfing on the daily time frame. This short setup is confirmed by a very strong Bollinger Band outbreak, a significant bearish engulfing at a support level, an RSI divergence, and a bearish confirmation candle.
GBPCHF has formed a bearish engulfing on the weekly and daily time frames after an over-extended move up. A very strong Bollinger Band outbreak confirms this setup. RSI divergence on the H4 time frame. SL set above engulfing candle body high. TP set above previous support. I have entered short at the open of the market on 10/2/2017.