AUDUSD - BEARISH BIAS - MY FAVE BEARISH ZIGZAG STRUCTURENeed a breakout of DAILY KEYLEVEL & possible retest from the other side (0.7202) before placing SELL trade.
Structuretrade
SP500 shortHi trader's,
In Thursday's trading session I will be looking for a short in the SP500. We might start with a push higher but I expect that to be part of the corrective structure which is currently unfolding.
My focus will be on the sell-trade and I will not participate in any potential buy set-ups.
This means that I will be looking for minor flags then execute the sell.
Below; 15 min tf which shows a possible scenario if we see some bullish momentum.
USDCAD buyHi trader's,
we saw the move lower for USDCAD in the beginning of the week completing the pattern we were looking for. Our long term short target has been hit and as I mentioned in my weekly video; 'if we break below previous low (4hr tf), I will be looking for a bullish reversal'.
Currently we see a minor consolidation before we see the next push higher towards 1.3040ish.
At the moment this minor correction looks like a contracting pattern but it can turn into a more significant correction, both are fine by me although a more significant correction will increase risk/reward for me.
Safe trades!
NZDCAD / Structure Breakout Trade2018-8-15
1. Market just broke previous structure Lows on Daily Chart
2. We are waiting for a Fib 618 retest of the structure for our entry.
Targets as shown
Stop Loss right about the BO area
EURGBP Daily potential bear Gartley patternThe EURGBP is indicating a strong downtrend at the moment. If market keeps rallying just a little higher, there will a potential bearish gartley pattern setting up for a selling opportunity. Normally, harmonic patterns are used for counter trend trading, but in this case, it can be used as a trend continuation strategy. Plus, the Gartley pattern is completing at previous structure looking left, so it can also be seen as a structure trade.
EURGBP Daily potential bull Gartley patternEURGBP daily chart is showing a couple of lower highs at the moment, which indicates a possible uptrend. If market decides to go lower, there is a potential bullish Gartley pattern getting ready to be completed for a buying opportunity. Plus, RSI is indicating a bullish divergence. Also, the Gartley pattern is completing at previous structure looking left, so it can be considered a structured trade.
EURUSD H1 Trade IdeasMultiple trading opportunity that all turns out to have healthy reward:risk. gonna watch how this story play out. Can't wait.
NZDUSD 1H potential bear Bat patternNZDUSD 1H seems to be in a downtrend right now. Plus, RSI is reaching a high point, and if market can reach higher, we're gonna have a potential bear Bat pattern for a sell opportunity. Also, the completion of the Bat pattern is at the retest of previous structure, which means this can also be seen as a structure trade for all structure traders out there.
NZDUSD 4H potential bull Gartley patternNZDUSD looks like it's walking down stairs right now, goes down rallies up and goes down and rallies up again but never opening above and closing above previous structure. If it keeps going down, there's a potential bullish Gartley pattern just waiting to be completed and having a buy opportunity. Also, this Gartley pattern is completing at some previous structure looking left. Can be seen as structure trading for those who trade structure.
GBPUSD structure analysisThe break of this trendline means several things for me :
-> possible restest of structure support.
-> confirmation of sideways moving period, which allow us to look for pattern trades, or other sideways moving strategies.
However the break of the trendline can create a downtrend on lower timeframe.
What's going to happen here? CHFJPY VideoanalysisHey guys,
in front of you you can see two charts, and that's because i wanted to give you a better perspective on how i look at the markets. As you can see on the left (daily timeframe) price has recently broken and closed above multiple resistance levels, which is an indication of a long bias. Therefore our mindset is now on "buy opportunities" and we can take a look at lower timeframes in order to catch the right trade.
On the hourly chart there's two different cases that could turn into reality:
1- Flag pattern: if we see a break of that trendline, that would mean an early continuation on the upward direction. We could buy at every retracement from that moment on.
2- Retest of structure: the one i'd trust more, if we see price coming back around the black line, we could wait for a confirmation and then buy the markets with tight stops and great targets.
I've explained this strategy along with many other possibilities in my new weekly analysis (click on the link below)
If you have ideas/questions, feel free to share.
Otherwise, see you in the next chart!
USDJPY+Price is at a major resistance level
+Cypher X leg has not been broken above
+RSI overbought
+Even if the price continues to go up there is a trend line which might work as a resistance
We might see some bearish moves from this zone.
FX:USDJPY
Will the USDCAD test the 1.1500 level? With a lower low lower close on Friday of last week I am bearish the USDCAD.
The following are things that I am looking at and keeping an eye on as I look to get short.
We do a 2 levels in the way but in the longer term I am expecting a test of the 1.1500 level.
We have a 618 retrace of low to high
We have a harmonic move completion
We have a 1414 fib ext of the A to be leg
We have a 1618 fib inversion of the C to B leg
We have all this lining up at or near the 1.1500 level
GBPNZD 240min Structure TradeIf you zoom out onto the Daily chart you will see that 1.80 level had some importance in the past. Price has pulled off the Daily Resistance very fast and now looking for a decent rotation off the 1.80 level.
Look for some sort of sign from the market before just aggressively buying up the 1.80. Maybe a double bottom, RSI divergence, bullish candlestick pattern, higher high higher close, advanced pattern, etc.. Just make sure you are following your trading rules!
Best of Luck
GBPJPY: Looking Short Once AgainThe GBPJPY aka "The Beast" has been my favorite pair to day trade over the past few weeks. If you're familiar with this pair then you know that when it moves, it moves big & I've been able to get on the right side of those moves on my last few attempts, including the trade I shared with you guys yesterday.
Once again I'll be looking for day trading opportunities on the pair today starting at the 142.50's level.
Currenty (6:30am NY) we just completed a bearish Cypher on the 15min which I'm sure some of our traders are using for an entry reason.
Akil Stokes
Structure Trade Short on AUDJPYHi guys,
here on AUDJPY we're sitting on a very important structure level that i think could stop price from getting higher and also provide some nice selling opportunities. In fact, i'm already decided to short it since price action showed us some weaknesses on both 1hr and 4hr chart. Stops would go above the highs, target1 at 1:1 RR at least, target2 to be determined.
Let's see how it plays out.
If you have any question, feel free to comment below.
Otherwise, see you in the next chart!
USDCAD Long IdeaI have been watching USDCAD all this week looking for a good entry. Recently we have a nice support candle and
IF the current bar closes above the support candle I will enter to get long.
With what I see on the daily time frame I am predicting a move to 146.00 and with that...
This trade will be broken into 2 targets 1 being about 90 pips a way and Target 2 being about 900 pips away.
IF T1 gets hit I will trail stops up with price.
Lets see how this plays out
Reversal zone on USDJPYHey guys,
this is my daily outlook on USDJPY. As you can see price has come back to test previous support zone that once is broken should turn into resistance. As of now, price has already showed some rejection signals, but it's not enough.
Watching closely to 1HR and 4HR in order to find shorting opportunities.
Keep you updated.
If you want to share your view, or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
