+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish 2618 Setup on 15M here on EURJPY, and I think this is perfect counter trend trading opportunity . You may ask why? We don't only have a conservative entry reason in the face of this 2618 but we can stack on it. The Double Bottom(foundation of 2618 Setup) is right at Structure Low - look...
+++ Don't forget to LIKE & Follow+++I got filled in this Bearish 2618 Setup on 1H, here on NZDUSD. 2618s provide conservative way for entering in counter trend opportunities. This particular 2618 is really good because we can target 1st target at current cycle low - look at that beautiful Risk/Reward factor for 1st target. For 2nd target we can shoot for the...
+++ Don't forget to LIKE & Follow+++I've found a potential Bullish Bat Formation on 15M, here on USDJPY. Since price is in down trend on higher time frame, this is a nice counter trend opportunity. Stops below X leg and I shoot for conventional targets. Entry @ 102.04 Stop @ 101.87 Initial Target 1 @ 102.28 Initial Target 2 @ 102.43 Good Luck! -Alex I'm a...
Hello traders, Here is what I've found on USDSGD A Gartley forming very close. We also have a triple bottom at this area. If price breaks through without reversal we have to aim for a butterfly formation. Possible new uptrend forming. Trade safe, trade well.
+++ Don't forget to LIKE & Follow+++I've spotted a Bearish 2618 setup(with RSI being OB+RSI DIV) at market here on 1H, EURUSD. Stops above the higher high of that Double Top Formation and I'll be looking for a targets retest of the last cycle bottom.This setup is providing more than 1:1 Risk/Reward ration - a nice counter trend opportunity. If you wait price...
Hello TRADERZ! So, our group was looking at the EURUSD and caught the sell off resistance and now looking at the 1.272 extension on the Fib and we bought the counter trend trade to catch the potential outside return back up into the 38.2 to 61.8 retrace.
+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Bat Formation on 15M here on USDJPY. This is a nice counter trend opportunity - stops below X and conventional targets. Entry @ 104.27 Stop @ 103.65 Initial Target 1 @ 105.13 Initial Target 2 @ 105.67 Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading...
HELLO TRADERZ! SO, WE MAY HAVE A POSSIBLE ABCD PATTERN COMPLETION ON USDJPY ON THE HOURY CHART. WE'RE GOING TO USE THE "IF/THEN" METHOD. IF WE GET A COMPLETION OF THIS ABCD PATTERN, WE'LL BUY AT THE 1.272 EXTENSION, WHICH ALSO COMPLETES THE C TO D LEG, AND IS ALSO IN CONFLUENCE WITH PREVIOUS STRUCTURE SUPPORT. OUR TARGET WOULD BE THE 61.8 ON A FIB OF THE C TO D...
We have a bullish bat with D leg completion at 1.29070. Entry: 1.29080 Stop: 1.28640 Target 1: 1.29900 Target 2: 1.30460 If like advanced patterns and are thinking about incorporating them into your trading check out tradeempowered.com and Tom Hall 's page here on trading view. That is where I learned. Good trading, Luke
+++ Don't forget to LIKE & Follow+++Price is closing towards the completion level of that Potential Bearish Bat Formation on 15M, EURJPY. This will be a nice counter trend opportunity for possible deeper correction of the upward trend. Good Luck! -Alex Professional Currency Trader & Owner of www.beaprofitabletrader.com If you'd like to see more good trading...
Hey Guys, Though I had drawn this much earlier I was waiting for the right moment to post it. So as I have expected GBPUSD came up to resistance area, shot over little bit. But we have ABCD pattern completion in same resistance area. If we draw couple of fib lines you can also find how well fib levels align in the resistance area. With RSI also being oversold in...
As we can understand from the above chart USDCAD is moving down towards our support region. And the exact support region marks the completion of ABCD pattern, it depends on individual to decide where to enter the trade based on ratio's. Thats why marked it as Entry zone instead of particular price level in USDCAD. Even if you enter around the same levels which I...
+++ Don't forget to LIKE & Follow+++I'm currently watching how price bounced from the last structure support level - price did break it, but didn't make a Lower Close. Right at the structure level we can draw a Fibonacci Extension from previous lower move and a Fib Inversion from the last upward correction - and we will get a nice kill zone. I'm waiting market to...
Hey Guys, Happy Monday.. Only we traders have the guts to say Happy Monday instead of Monday Blues :P So lets jump to our analysis and why I am planning for an counter trend trade in SBI. This is one of my favorite setups to trade, No matter what others say or think...I am deeply in love with counter Trend bcos it makes us analyze various reasons to enter trade &...
+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Cypher Formation here on 1H, USDJPY. The Cypher Formation is presenting nice counter trend opportunity - stops beyond X leg, Targets are conventional 0.382/0.618. Entry @ 101.82 Stop @ 101.12 Initial Target 1 @ 102.42 Initial Target 2 @ 102.79 Good Luck! -Alex Professional Currency...
+++ Don't forget to LIKE & Follow+++A lot on my radar today - I've spotted a potential Bullish Cypher Formation on 1H, GBPUSD. Check your trading plan, because stops will be more than 100 pips. Targets as usual are conventional, because this is a counter trend opportunity. Entry @ 1.3205 Stop @ 1.3064 Initial Target 1 @ 1.3304 Initial Target 2 @ 1.3407 Good...
+++ Don't forget to LIKE & Follow+++ As I told you I have a lot on my radar - it is interesting to note that majority of potential formations are bearish bats. Price is giving us yet another possible counter trade - Bearish Bat Formation on 1H, NZDUSD. If you look left the A leg of the Pattern came right at previous structure level - price hit it and reversed...
+++ Don't forget to LIKE & Follow+++ AUDUSD is presenting to us another Bat Pattern - yesterday market presented a small Bullish Bat that did come hitting 1st target. This time market is putting bigger Bat Pattern on 1H, that can be considered as an counter trade opportunity if you look on higher time frame. Stops are less than 100 pips and targets are...