Bullish Cypher Pattern on EURUSD 4HPrice retracement not break below
RSI divergent
Bullish trend
Cypher Pattern
Structure-trade
** AUDCAD ** structure trade bearish movements have been clear on this pair
We have had a strong pull back but can see this area as proven a strong turning point.
2 targets first is the most recent lows, if this target is hit then stops will be moved on second trade to breakeven
GBPJPY 4HR - Double Top at Previous Structure Resistance This is a follow up on a trading idea that we looked at this past Thursday as "Super Thursday" pushed the GBP up to a level of previous structure resistance before reversing.
IF price action were to put in a retest of structure and once again be rejected...
THEN it would open up the door for traders to take advantage of a double top formation.
With this being a countertrend trading opportunity the target projection is simply a retest of our previous level of structure support.
Akil
For more information on this trading opportunity please use the link below to check out the video "Lessons I've Learned From Losing"
GBPJPY LONG TRADE POST ANALYSIS GBPJPY POST ANALYSIS
This was another trade I did analysis for and didn't post on TradingView. The market had caught my interest when I had seen the very strong buyer push to the upside on August 29th. Once I had seen this type of momentum the market had caught my interest. At this point I waited for the pullback to make sure the sellers were weaker than the buyer was, to show control. REMEMBER TRADING IS ALL ABOUT PROBABILITY, this is why I trade with who is in control by reading the momentum the market shows me. So once I had seen the very weak re-test by the sellers, compared to the buyer, I was waiting for that buyer interest to come back in at structure for me to be able to participate in a opportunity in the market. Let me tell you guys something, I don't usually give this type of information away for free but I value all of my followers; when you see this type of momentum by the buyer, then that weak of momentum by the seller, the buyer is basically getting a 100% DISCOUNT for purchasing this currency. Once the buyer interest was displayed at structure, the risk/reward was fantastic on this trade.
I hope this helped! Cheers!
EURUSD -This Chart Perfectly represents what trading isSo if you've been following my posts on the EURUSD then you know that I've had a short-term bullish view within a longer-term bearish view. The bullish move from earlier this week worked out perfectly and now the market has reached a level in which it will have to make a key decision point.
BULLISH SIDE - The market is forming another head and shoulder bottom pattern which is a classic reversal pattern providing a bullish outlook. The confirmation of this pattern would be a violation of the nextline and IF we were to get that, THEN I would project a continuation higher to 1.17-1.1750's level.
BEARISH SIDE - If previous structure resistance holds at this level then we could see the end of our relief rally and a continuation lower to retest previous structure lows and a possible extension down to my longer-term bearish projection of 1.110-1.08's.
This chart represents what trading is, multiple parties, having multiple opinions while looking at the same chart. Something I always tell the traders I work with is "to be predictive in your analysis, but reactive in your execution" and essentially what that means is wait for the market to give you confirmation that one thing is more likely to happen than the other.
Good luck traders and if this post was helpful, please let me know by leaving a comment below.
Akil
GBP/AUD Short: Structure OpportunityFirst of all, these trades are my own analysis and opinion. Every trader should do his or her own research and decide whether or not to execute on their own.
My purpose in sharing these trades is to educate newer traders and to show my trading strategy in hopes of receiving constructive feedback. If you want me to continue posting my trades here then a comment, like or follow will mean a lot to me.
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I've included a position that shows the entries, stops, and limit that I am taking, so I won't explain it here.
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GBPUSD - Potential Bearish OpportunityHey guys,
GBPUSD on 15M is in a trend rotations - market broke higher, than current OR, so I'm looking for a potential selling opportunity.
If we look left - we can clearly see the previous structure level and right up that level, I've made a zone based off the AB=CD and the Fibo Extension.
I'll be waiting the market to enter in the zone and then will be waiting for an entry reason - stops above the OR, Target at the retest of the low.
EURGBP Daily potential bear Gartley patternThe EURGBP looks like it's in a bearish momentum at the moment. Looking at previous structures, there are a lot of wicks, suggesting that the market has trouble breaking above. In the yellow circle, there's also the same scenario, where market is running out of bullish steam. So, if market can rally just a little higher, there will be a potential bearish Gartley pattern completing for a sell opportunity. Plus the Gartley pattern is completing at previous structure looking left.
CHFJPY BuyPrice couldn't break 61.8 level confluenced with 1.272 level.
after make a double bottom, price break trendline, and now pullback.
we can take a buy position. final target on chart
short EurCADbig drop yesterday after ECB announcement
looking at this confluence of fibs, Ma's and previous structure to short this
short PoundYenthere are too many previous tests of the 147.50 - 148 level to describe, and will let the chart speak for itself - this should form a good resistance level at the next test
SL above 'the zone' and the previous structure high, i will place my first TP around 145
XAUUSD: Looking for a entry, to go Long.Hello. Im sitting here and will be looking for a long trade.
I think we need to get Down to the structure level, or a candle stick to tell me the "pullback is over."
Don't miss this one #Netflix #NFLX #pricestructure #fibonacci Do you know how to trade price structures? Old resistance just became new support, and today's candle confirms a swing trade entry signal. Going long from here!
USDCHF IDEAUSDCHF has broken an ascending triangle structure on the monthly timeframe and we could potentially see price test the bottom of this structure at .71 level
On the Daily TF, price is creating LL and LH and has broken a daily support at 0.945 and came back to retest it as newfound resistence. With the Stoch RSI at the overbought end of the spectrum provides the icing on the cake and further confluence to support the trade. This could potentially be some massive moves.
Aud/Usd ShortHas recently broke the major structure level @ .8 then it quickly rejected that price like it has previously in the market. After the rejection it came back up to test that same structure. Short will be held back into structure. S/L placed above CTL
CHFJPY Short Setupwe can expect price can complete cypher pattern to reach big gartley pattern target.
we can put short entry when price retest the neckline.
target is cypher pattern completion
EURNZD - ShortEURNZD
We can see that this pair approached a big resistance area and is a good place to take a short trade. The RSI is also overbought and I put the SL 30 pips above the high of the wig and the risk:rewar ratio is just insane on this one, so I am very comfortable to take this trade now before waiting for confirmation. You can wait for a break of the channel that I drew just for confirmation to take the trade. If it breaks to the upside it can go as far as the 1.8000 level.
Have a nice trading day :)
EURJPY - LongEUR/JPY
This pair just made a retracement to a previous area where we can find a lot of structure. It just violated the previous highs and also there is fibonacci confluence where the green box is. The Risk:Reward ratio is just a little more than 1:1 so it is a good trade in my eyes.
Have a great trading day!
GBPCHF - LongGBP/CHF
I took this trade a couple of hours ago and I really thought that I posted it, but well, here it is. You can still get into this trade right now if you are ok with the risk:reward ratio and if not, just wait for a pullback on the 15m chart to get in and you can also use a tighter SL, just bellow the 1.2955.
We can see there is some fibonacci confluence as well as previous structure on the left of where I drew the green box (area to enter the trade). I expect about 300 pips of profit on this trade :)
Take care everyone!
EURUSD - ShortEUR/USD
This pair recently broke its structure and is re-testing the previous support. The red box shows the area where is fibonacci confluence and it matches the previous support that is now to become resistance. The RSI also gives us another confirmation about where the price is looking to go on the mid-term. Personally I am waiting for a bearish signal to enter the trade and put my stops just above the bearish signal but you can also use the SL I put on the chart. With the SL and TP I put on the chart, we are looking for risking about 18o pips to a 190 pis reward.
Have a nice trading day!
