Pipsfordays
USDJPY - Beautiful Gartley - DAYTRADE IDEA: +50 PIPSThis pair formed a beautiful gartley pattern. RSI is oversold.
Entry price:
Any market price up to 106
#TP1 : 106.440
#TP2 : 106.998
#TP3 : 107.668
Stoploss : 105.450
I'm taking profits at TP1 . The other TP's are based on calculations. You never go broke from taking profits, you do get broke from chasing long pips.
If you have any questions, please feel free to contact me. Follow me on Tradingview for more daily ideas.
GBP/USD Bullish crab pattern 1HR crab pattern has been presented on 1HR chart.if support at "D" holds I have put 3 possible target areas.
Will be shooting for TP1 and is broken will move stop loss in profit and go for the stretch of TP2 or TP3.
Will be posting Ideas every week from now on, lets catch some pips!!!!
USDJPY DROPThe bias of the bearish momentum is now back in motion. I have plotted all you need to know on the chart. head and shoulders. broken through a previous support region.
I recommend you [ b]hawk the 4 hour chart and wait for a strong reversal candle once the price action reaches the baby blue ray i have plotted as that is what i will be doing .
Don't let greed consume you.
Make sure to trail stop and change it often reasonably.
Watch out for any trend reversals, fib retracements etc.
AUDUSD high profit shortThe bias of the bearish momentum is now back in motion . i entered a short on the right shoulder even after and while the consolidation was in play just below the neckline. I TP when i saw the price action started to retrace.
It did retrace and it has now reversed at 50% and tested it's previous support (now turned into resistance)
Everything is kept simple and self-explanatory on the char t. I have put different Take Profit's which you can choose from.
Remember:
Don't let the greed consume you.
Trail stop and change it often
Be patient, this is a long-term trade
Classic head and shoulders patternFrom the analysis i have done, it will be a plain Jane. You do not only see a break through the strong trend-line but also a head and shoulders pattern .
I have taken a deeper look into the 4-hour chart and believe it has already retested the neckline and will be entering a the trade.
(Take a look at the 4 hour chart, it has already tested its previous res and will now proceed with the bearish momentum.
Measuring from the top of the head down to the neckline, you can decide which of the three dark green lines to choose your take prof from.
Don't let greed consume you.
Make sure to trail stop and change it often reasonably.
Watch out for any trend reversals, fib retracements etc.
Weekly outlook 10/23/17 - 10/27/17Looking to sell this pair this week. Expecting price to creep up more towards the pull back area before the sell.
Watch PA In the mean time in case it starts to break out sooner than later so set price alerts around:
.76900- .77400 range.
We’re expecting at least 100 pips on this move this week!
FXT:)