GBP JPY - Long Flashcard (unless stated otherwise all trade indications are on the M15) Reversal into a long trend Long indicators: - Weekly low held for 3 days - Double bottom formation on the H1 - RSI hook outside volatility bands near 32 TDI - RSI (green) cross Signal line (red) cross entry confirmation - Double bottom formed near weekly low Take profit...
GBPAUD Long Direction: - Just started a Bullish Cycle a day prior, so I was only looking to go long. - Both higher time-frame, H1 & H4 MBL started to point upwards, indicating trend was Bullish. - Other GBP's, which are correlated, were also in a Bullish Cycle. - Divergence on the H1 from the reversal, indicating a change from a Bearish to Bullish Trend. Entry:...
EURGBP Short Direction: - Approached the last level of a Bullish Cycle, so M (Double Top) formation pattern (or similar pattern that holds and indicates a high) expected to appear before reversing into a Bearish Cycle. Entry: - M (Double Top) formation pattern appeared. - Second leg of M formation crossed the 13 EMA, confirming the pair was going to drop. -...
GBPJPY Long Direction: - This pair was midway through a Bearish Cycle on the H1, however it was expected to reset and rise into a Bullish Cycle due to correlations with other pairs such as GBPUSD. - Low was held on the H1 for 3 days, so even if trend was going to continue being Bearish, a counter-trend would still give a considerable amount of pips for me if a...
GBPUSD Long Direction: - The pair approached the end of a Bearish Cycle which may continue on the H4 time-frame, but on the H1 time-frame a reversal off bottom of level was due. - The pair was expected to enter a Bullish Cycle on the H1 time-frame now. - A multi-session W (Double-Bottom) pattern formed on the H1, giving us the direction, and also failed to take...
GBPCHF Short - Pins off 200 ema giving clear easy entry with no draw down - Entry at top off 4th 5th 6th or 7th pin - RSI bolinger breakout hook back in entry along with RSI (green) Signal line (red) cross entry - Exit TP @ RSI bolinger breakout hook back in. - TP 2 non...
USDJPY Buy - Entry off of double bottom formation with divergence and TDI hook below 32. - Stop loss below the formation by 10 pips - Entry at RSI (green) Signal line (red) cross - Divergence on TDI - Bullish cycle - Exit TP 1 @ days initial high -...