NZDUSD: The Last Trade Have OnIt's been a very slow week for me, but luckily Jason is picking up the slack. Going into Friday's Job Report I have no intention of entering any new positions aside from this potential bullish bat pattern on the Kiwi. NZDUSD is in a very interesting position as our HTF trend has bounced off previous structure resistance, yet our LTF trend has recently created a NSH and is retesting previous structure support. Consolidation perhaps?? Hope so since that would work well for pattern traders. VERY IMPORTANT. IF this trade does not trigger before tomorrow mornings top-down analysis THEN I will remove all orders as I want no parts of the crap shoot that is the Non-farm Payroll report.
As always it's Thursday so that also means the release of my weekly WEEKEND REVIEW video. (link at bottom)) In this week's video "Dollars Don't Matter" I talk about this NZDUSD trade, how we can help each other out in the initial phases of backtesting an updated version of an inside bar breakout strategy that i used to trade, and of course an update of how Jason and i have down int he Syndicate. here's a clue...I haven't done much lol
www.youtube.com
Lastly make sure you clear your schedules for early April ;-)
Jason_stapleton
USDCAD: Almost Everything In A Single Chart*Here's The Link To The Video Explanation of This Trade www.youtube.com
Rather than write out a lengthy explanation for this trade, I decided to include a video break down in my Weekend Review video which will be out on YouTube tonight. The video typically takes a good amount of time to produce and upload so I decided to share this chart before it's completion.
Analysis was performed on the 240m with the reason for entry occurring on the lower timeframes. A lot is going on here, but at the end of the day it's simply a price action and structure based trade.
*I'll edit the description box with the video link as soon as it's available.
EUR/USD - One more Retracement before visiting the low 1.11Short Term view - Bearish might retest the broken trend where a suggested area to short
Complete the Butterfly pattern match almost exactly the target for TD (Thomas Demark) trend.
Which is the exact low from where it might show another support area.
The Butterfly pattern is a bullish one, target after completion is 1.15, will be updated later
EURUSD CRAB PATTERNI posted this several weeks ago when the market was trading around 1.3600 We hit the long entry a couple days ago.
I've tried a couple times to buy up the EURUSD and it's been very weak. That happens frequently when you're picking tops and bottoms. The benefit is that you tend to have small losses.
There is a rather wide reversal zone here as outlined in blue. But today's move has been a really nice indication that the move may be coming it a short term end. If the market closed near the high of the days range it will be a good sign.
USDJPY bearish 3 Bar ReversalIf you don't already know these basic candle patterns it's worth learning them. I have been thinking about doing a short training series on these and potentially doing some simple indicators to identify theses setups.
If you'd be interested in learning about these setups hit the "Like" button.
In order for this pattern to be a valid sell the three green candles must be contained within the range of the large Red candle. One more day to go.
EURUSDThis is still a valid long position as long as the PRZ is not violated, the price action is now giving us another chance to aggressively enter the market for a long position in the 886 level however if we are being cautious about the trade you can wait for a 26.18 in this. If i understood jason stapleton correctly about the 26.18. but for me i could re enter another trade here at the red trend line at 1.36302 if the PRZ will give me a good reason to. The RSI also suggest that this could still go lower so we just need to observe the PRZ. If we are to be too cautious about this trade we should enter the market only if the price breaks above and close above the green D line just to be safe but the reward will be smaller.
Trade Carefully and be a Winner
British Pound at Major Monthly Resistance LevelWith the pound on a rampage the question is, Will anyone stick their neck out for a short? Well I'm going to be watching this pair very closely over the next week. We've run into a major support/resistance level on the monthly chart.
The lower timeframes are still not giving me the signal I need to go short but everyone should be watching this level.