LET'S SHORT GBPUSDThis is a NAKED & SWING analysis based on patterns ! ! !
Here we have a beautiful ABC correction pattern.
Now we are waiting for the continuation of the major trend.
ENTRY : 1.3000
STOP LOSS: 1.3040 (40 pips)
TP1: 1.2960 ( 1:1 40 pips)
TP2: 1.2920 ( 1:2 80 pips)
And then extend the take profit targets and let it move until the last target.
LAST TARGET : 1.2700 (300 pips)
HAVE FUN & HAPPY PROFITS ! ! !
Nakedtrading
USD/CAD, GBP/USD and EUR/NZD on watch for me today.USD/CAD:
• If price pushes down to give us a confirmed second bottom and then it pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes down to give us a confirmed second bottom and then it pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price pushes down to give us a confirmed second bottom and then it pushes up to and ideally just above our rayline, then however it gets there I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
GBP/USD:
• If price pushes up to and ideally just above our upper rayline line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above either our upper or our lower rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If price pushes up to and ideally just above our lower rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
EUR/NZD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price pushes up to and ideally just above our rayline, then however it gets there I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
GBP/USD and EUR/NZD on watch for me today.GBP/USD:
• If price pushes up to and ideally just above our upper rayline line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above either our upper or our lower rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If price pushes up to and ideally just above our lower rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
EUR/NZD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price pushes up to and ideally just above our rayline, then however it gets there I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
GBP/USD and EUR/JPY on watch for me today.GBP/USD:
• If price pushes up to and ideally just above our rayline and the last part of the move is corrective, then I'll be looking for risk entries beneath the correction.
• If price pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If price pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
EUR/JPY:
• If price pushes down to give us a confirmed second bottom and then it pushes up to and ideally just above our rayline and the last part of the move is corrective, then I'll be looking for risk entries beneath the correction.
• If price pushes down to give us a confirmed second bottom and then it pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If price pushes down to give us a confirmed second bottom and then it pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
GBPUSDRecent price shows a broken and retested falling wedge formed out of a cup and handle formation. We have seen an ascending trendline which will lead which also lead to a formation of a double bottom. I will enter this trade once price closes above that zone above (might come back to retest the trend line or not) with my take profit and stop loss in positions to ensure proper risk management. The trade idea will be invalid once price reaches the invalid trade area.
Indicators Suck. Keep it simple stupidWe swear banks brought out all the rubbish on the internet to confuse people So they lose money.
Keeping it simple is so much easier and profitable. Just get good a drawing naked charts.
There's a short coming up at the key level. We will watch for price action and update clients.
GBP/USD and EUR/NZD on watch for me today.GBP/USD:
• If price pushes up to and ideally just above our rayline line and the last part of the move is corrective, then I'll be looking for risk entries beneath the correction.
• If price pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
• If price pushes up impulsively to and ideally just above our rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
EUR/NZD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for risk entries beneath the correction.
• However if the correction doesn't quite reach our upper trend line but it meets my entry criteria, then I'll be using the trend line as a shield by hiding my stop loss above it just encase price trickles up a little further before retracing.
• If price pushes up to and ideally just above our upper rayline and then we get a convincing push back down followed by a tight flag, then I'll be looking for reduced risk entries on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
GBP/USD and EUR/NZD on watch for me today.GBP/USD:
If price pushes up to and ideally just above our rayline line and the last part of the move is corrective, then I'll be looking for risk entries beneath the correction.
If price pushes up to and ideally just above our rayline impulsively and it doesn't give us an entry, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag.
If price pushes up to and ideally just above our rayline impulsively and it doesn't give us an entry, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for reduced risk entries on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity then I will not place any of these trades.
EUR/NZD:
If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for risk entries beneath the correction.
However if the correction doesn't quite reach our upper trend line but it meets my entry criteria, then I'll be using the trend line as a shield by hiding my stop loss above it just encase price trickles up a little further before retracing.
If price pushes up to and ideally just above our upper rayline and then we get a convincing push back down followed by a tight flag, then I'll be looking for reduced risk entries on the break of the flag.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity then I will not place any of these trades.
EUR/AUD and GBP/USD on watch for me today.EUR/AUD:
If price pushes up to and ideally just above our upper rayline and then we get a convincing push back down followed by a tight flag, then I'll be looking for reduced risk entries on the break of the flag.
If price pushes up to and ideally just above our upper rayline and then we get a convincing push back down followed by a tight flag, then I'll be looking for reduced risk entries on the break of the flag. But if the flag forms close to our raylines, then I'll be hiding my stop loss above both raylines as illustrated for extra protection.
I'll not be getting involved if the flag that forms after a subsequent push back up to our upper rayline followed by a convincing push down forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
GBP/USD:
If price pushes up to and ideally just above our rayline and then we get a convincing push back down followed by a tight flag, then I'll be looking for reduced risk entries on the break of the flag.
If price pushes up to and ideally just above our rayline and then we get a convincing push back down followed by a tight flag, then I'll be looking for reduced risk entries on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
I'll not be getting involved if the flag that forms after a subsequent push back up to our rayline followed by a convincing push down forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
AUD/USD, EUR/JPY and AUD/JPY on watch for me today.AUD/USD:
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag.
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag I'll not be getting involved if the flag forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/JPY:
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag.
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag I'll not be getting involved if the flag forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
AUD/JPY:
I'll be looking for reduced risk entries if price pushes down below our rayline and then forms a tight flag.
I'll be looking for reduced risk entries if price pushes down below our rayline and then forms a tight flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If price pushes down and then forms a tight flag either through or above our rayline as illustrated I'll not be placing a trade.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/USD, AUD/USD and EUR/JPY on watch for me today.EUR/USD:
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag.
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag I'll not be getting involved if the flag forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
AUD/USD:
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag.
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag I'll not be getting involved if the flag forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/JPY:
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag.
I'll be looking for reduced risk entries if price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
If price pushes up to and ideally just above our rayline, pushes back down and then forms a tight flag I'll not be getting involved if the flag forms either through or above structure as illustrated.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/JPY and EUR/USD on watch for me today.EUR/JPY:
If price pushes up to and ideally above our upper rayline I'll be looking for a convincing impulse down followed by a tight flag where I'll look to get short with a reduced risk entry.
If the flag forms a little lower than in the example to the left I'll use the lower rayline as a shield by hiding my stop loss behind it for extra protection.
If price pushes up to and ideally above our lower rayline I'll be looking for a convincing impulse down followed by a tight flag where I'll look to get short with a reduced risk entry.
If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/USD:
If price convincingly breaks below our descending correction I'll be looking for a reduced risk entry on the break of a more confirmed one hour tight flag.
If price convincingly breaks above both our descending correction and our rayline I'll be looking for a reduced risk entry on the break of any kind of tight flag.
If price impulses above our descending correction and flags below or even through our rayline I'll not be looking to place a trade.
If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/JPY and EUR/USD on watch for me today.EUR/JPY:
If price pushes up to and ideally above our upper rayline I'll be looking for an impulse down followed by a tight flag where I'll look to get short with a reduced risk entry.
If the flag forms a little lower than in the example to the left I'll use the lower rayline as a shield by hiding my stop loss behind it for extra protection.
If the flag doesn't form below our lower rayline I will not be interested in taking this trade.
If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/USD:
If price convincingly breaks below our descending correction I'll be looking for a reduced risk entry on the break of a more confirmed one hour tight flag.
If price convincingly breaks above our descending correction I'll be looking for a reduced risk entry on the break of any kind of tight flag.
If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
EUR/USD and GBP/JPY on watch for me today.EUR/USD:
If price breaks below our 90% rule I'll be looking for risk entries within a more developed a one hour flag.
If price breaks below our 90% rule I'll be looking for risk entries within a more developed a one hour flag, but with my stop loss above the 90% rule for protection as illustrated.
If price retraces back into our pattern then I'll flip my bias and I'll be looking for reduced risk entries after a tight flag for a short term move to the upside.
If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
GBP/JPY:
If prices pushes above our wick and then impulses back down I'll be looking for reduced risk entries below a subsequent tight flag.
If prices pushes above our wick and then impulses back down a little lower than the previous example I'll be looking for reduced risk entries below a subsequent tight flag, hiding my stop loss behind structure as illustrated so long as doing so gives me at least a 3:1 risk/reward to the low of structure.
If prices pushes above the top of structure and then impulses back down a little lower than the previous example, I'll again be looking for reduced risk entries below a subsequent tight flag, hiding my stop loss behind structure as illustrated so long as doing so gives me at least a 3:1 risk/reward to the low of structure.
If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.