An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the...
EURJPY formed a 2x2 candle formation against a major resistance level. Put a sell stop @133.544. If the order gets filled, aim for a 1.5 risk/reward.
Price has achieved our D1 Fibonaci extension. Price is back at our 0% fib acting as resistance turned support. If we se a break and retest on the counter trend line with bulish price action we could see price make its way back up to our D1 extension and hopfeully completing our D2 -61.8% fib. The weekly candle has closed as a weekly bearish candle we can take...
Possible long opportunity for gbpusd
Again in the PRZ we can see a bearish impulse that may be the beginning of the bearish actionary wave-C. By Placing stop above highs, we're maximizing R/R potential and exitting the trade if uncertainty is introduced. My entry will be on the pullback. Updates to come as the tide rolls. Happy trading!
I moved my stops a bit so I could be above previous structure (1.0265) and have extra protection. I was filled on Friday. Let's see how this plays out. Have a great Sunday!
Sorry for posting it late, I have been busy. I actually left my orders with an ATM strategy and I got filled but the stop and targets were not placed. I guess that is why we forward test, right? I have no idea why that happened but I will have to figure it out. Anyways, if you front run your orders you may have been filled. We are on a bullish trend and with room...
Potential Bullish Gartley Pattern USD/CAD long 4 HOUR Take profit at 382 retracement, stop loss below x leg
A clear rising wedge could be seem being formed on USDCHF. With this in mind, a short opportunity is available in the near future. Keep your eyes open, beware of stop hunts, and wait for the break lower before entering.
Hey Guys, We got simple bearish bat entry setup, so lets initiate short positions once USDJPY reaches our expected entry level. Based on risk:reward you are aiming for choose your SL's and check ratio;s for the bearish bat as everyone in tradingview community uses different ratio's. Hit Likes if you agree, Thanks for your support... Happy Trading !!
A clear triangle pattern could be found on the USDCAD daily chart. I'm going to wait and see where it would break.
Since breaking the 107.60's area, I've been waiting for some relief on the USDJPY and an opportunity to hop on a retracement and get short. As the market slowly retraces back to previous structure resistance a few opportunities have developed on the chart including a basic CTS trade using an AB=CD pattern, structure and fibonacci confluence. As well as a...
Very strong divergence between the market price and the RSI, which is approaching an oversold region. I would go long now or wait until the RSI actually goes into oversold territory. Just posting these RSI divergence trades as ideas, I don't usually trade them but it will be interesting to explore this as a potential addition to my strategy. See below for...
As the USDJPY finally shows some relief from it's tirade last week, we have a potential bearish bat pattern forming at a previous level of consolidation. The HTF structure lies a little higher at the red dotted line, but it would not surprise me at all if we saw a reaction between 114.50's and 116.00's Other pairs that are on my radar today $GBPUSD, $AUDUSD,...
Have you checked the previous idea on GBPAUD ?? Well if you have notice we acquired a Massive +270pips in that trade. A Massive Win Trade too ! Now GBPAUD at its support, so lets ride the little wave up also. Though its Risk:Reward of 1.2, A Good Trade if you follow your Rules. Hit thumbs Up for Likes... Check that Massive +270 pips :
The choice is yours to choose the best one to trade... Looks like we are going to have day full of patterns... As I always say Ratio's differ for each one of us, so trade as per your plan. Give a Thumbs Up for Idea Like... Share/Comment your views,even if it differs & Enjoy Trading ....
Was going through few charts during Saturday morning and found this Bullish Gartley in EURJPY , if your trade plan and risk ratio allows you to go Long, Take positions. In Pattern trading each one uses different ratio's, so check whether the ones you are using suits you and works for You. If you like the idea Like/Share & Comment :) Happy Weekend !