


proptrading
Hello All Traders, This may be a very nice setup! be conservative, Is a 10+ Risk to Reward setup! RSI ( OVERBOUGHT) -- Stoch (Flat OVERBOUGHT) All the best in your trading! CharlieFX
GOOD DAY EVERYONE! Potential pattern formations on USD JPY 60m If D completes, then I will look for an entry to SHORT this pair! All the best in your trading! CharlieFx
Good Day Everyone, This is a follow on from the idea I posted up yesterday, We need to retest certain levels of resistance in order for the harmonic to be valid, Some people like to be aggressive but I am choosing to sit back a bit here, and will enter if the previous high can't be broken! PLEASE CHECK THE RELATED IDEA I HAVE POSTED DOWN BELOW! AS THIS IS...
Hi everyone, its been a long Christmas, and I hope you all had a great one! Sorry about the lack of uploads and still will be away for another week! I am posting a chart to show a potential setup, so feel free to take a need to use it for your analysis! Have a great day, and all the best in your trading! CharlieFX
Currently retracing from .382 fib level, look for price to bounce off the next .382 for trend to continue downwards. Or if it breaks, wait for the price to move to the blue line of the fork, from 2.08158 to the .382 retracement at that level and then continue lower! Overall POSITIVE downtrend! If Head and Shoulders pattern completes, look to take off profit...
Good Morning Everyone, Just something simple for you traders here! I am Away for Christmas, and as for this I will not post much ideas over the holiday. Have a nice day, CharlieFX
G ood Morning Everyone! A few setups here, all in one. ( H&S Already Completed! ) Short to 120.600's be careful here, not to let the interest rate discussion get in the way of you trade! Try to close all orders before the decision! Hmm maybe you could catch some pips here :) ? Hidden divergence, on both indicators. Which tell us ( Hey Buddy, Something Fishy...
Wait for stochastic to leave OB zone Scale out profits past 1st TP on the way to 2nd TP. You can also adjust your SL to break even after price moves away! Good Luck Trading! All the best, CharlieFX
Hers's something for you breakout traders out there! If the breakout of the pitchfork retests and bulls take the trend, it could keep pushing higher from there! Have a nice day! All the best in your forex trading! CharlieFX
Afternoon, A Few Patterns For You All, In One Chart!! This May Help With Your Analysis, Be Conservative And Wait For The Completions. All The Best In Your Trading! CharlieFX
Morning! Looking at the correlations in excel for today, EUR/USD + GBP/USD have a very positive correlation (93.9) for the hourly This means USD is countered, i.e it becomes EUR/GBP > also waiting on retracement from the FIB EXT level of 127.20%, this will complete D, and will be a good time to sell if the price reverses from that area. Elliot Wave - I have...
2 Take profit areas on the completion of this pattern, Place stops behind one of the major resistance lines! looking at a 3:1 - 4:1 Reward ratio here! All the best, will update results! As of now the STOCHASTIC(Default) is in EXTREME overbrought conditions! RSI is also in the overbought area. > As with the pattern hitting the 127.2 and 161.8 area, this is also...
Elliot Wave Combined, 5th wave completion @ 61.8 Level If the completion takes effect, then look for a TP @ 0.127 Fib Level Being Conservative HERE! 3:1 / 2.5 Odds of Return.. Will update MACD / STOCH / RSI (7) results, AS of now there is HIDDEN DIVERGENCE and a POSSIBLE retracement to the 236 retracement. Be Wise, and all the best in your trading! CharlieFX
BEARISH PATTERN, BE SHORT, BUT CONSERVE WISELY. I did not include the MACD Indicator and the RSI (7) MACD is showing a SELL signal at the blue box peak of the pattern. RSI is showing Showing HIDDEN DIVERGENCE. Take this into consideration as it plays a key role, In trend reversal that is! Put these indicators on your charts and you will see! Have a good one. CharlieFX
usd /jpy would have been a good trade to continue, closed at 123.155 but could have trailed my tp, who else took this trade?
Be Conservative here! take profits off at the 61.8% Fib