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Structuretrading

USDCAD: Eyes Still On A Long Opportunity If you've been following me over the past few weeks then you know that I've been waiting on opportunities to get long on the USDCAD. After consolidating and holding at previous structure lows (daily), we've now seen a bullish rotation on the hourly. It's important to remember that a "rotation" doesn't mean a trend, rather just the 1st leg of the 3 point move needed to establish one. If price were to retrace, it would offer us an advanced bat formation which could be used as reason for entry. News events this morning, including CAD - Core Retail USD - Unemployment (8:30am NY) & the release of a the GOP Healthcare Bill (9:30am NY). Syndicate Members, I'm having login issues so i can't upload any videos to the Members site, but I shot one through the TradeFloor this morning walking you through this setup. Akil
Long
by Akil_Stokes
11
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
Short
by Akil_Stokes
6
Merck & Co Inc on Possible Wave Y Completion?It seems that we may have a possible Wave Y completion on the Intermediate Period, with a wave 5 on the Minor Period confirming it. On structure breakout, it is possible that we may see the start of a SHORT on a wave 1 minor of a wave 1 Intermediate. MACD suggests slight upwards movement before a bearish move at the breakout of structure. Stochastic already displays overbought position and likely move downwards as well as RSI suggests overbought position already completed and bearish movement possibly imminent on breakout of structure. Additionally, my guess is that due to looming lawsuits regarding Vaccine safety as well as gender bias lawsuits, has ultimately influenced investor confidence and is now starting to net the results of this. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
NYSE:MRKShort
by UnknownUnicorn661419
AUDUSD: Potential Bearish Trend Continuation Trade Opportunity Hey traders what I'm looking at in this chart is a potential Bearish Trend Continuation Trading Opportunity on the AUDUSD. Price action has provided a little bullish relief after the Friday Job's report and as we get a retracement back into previous structure levels we're offered an entry opportunity for anyone looking to get involved in a bearish move. If you want more details on this trade and my fundamental views heading into this interest rate week then check the signature box below & I'm sure you can find a place where I talk about this trade in more detail. I'm off to finish up a little continued education & get ready for selection Sunday for you college basketball fans out there. Best of luck in the markets this week and as always be safe out there!
Short
by Akil_Stokes
13
GBPCAD - Definitely a good opportunityGBPCAD Shows bullish MACD Divergence on the daily, based on three points, so we could expect an upmove. I'll post the daily chart in the comments. On the 4 hour (this chart), we can see a structure that would end up in a breakout. I'd say that the small flag (blue lines) would go down to retest the bottom blue line, and then it could break out to the upside. If we look at the previous impulse (900 pips in 10 days), we could expect a nice move in the next weeks.
Long
by bbatrading
Already completed Bat formation on USDJPY,60 min chartHi guys, We have a bearish bat formation on hourly chart, which is already triggered and tested PRZ half way. And also this zone is previous support/resistant structure. This one can be good trade with risk reward around 1.5 at the first target 38% FIB lvl even when you place stop loss 10 pips above the whole PRZ, you can aim for target 2 at 61% and so on. If you are not on this trade yet, there is still time to get on the train when market opens on monday! Good Luck Sam
Short
by Samnation_Trading
5
EUR/GBP Structure Trade PART 2(Advanced Pattern Entry)Hey Traders So this is still working on the idea that I last posted, I am going to tag it below so if you haven't seen that one, go check it out first and then come back. I'm going to break this post down by the three different trade options we have, that way it will be easy to digest. Keep in mind, the goal is to show how there are multiple ways of tackling a trade and each has its pro's and con's. option3 has almost double the risk that option 1 has, but it also has slightly less probability of being stopped out, so there's no BEST way, just YOUR way :) OPTION 1: So if we remember what we last posted, we had our bearish bias from daily outlook and trading timeframe confirmation with the Lower Low Lower Close (Highlighted in the red ellipse) and we were looking for a place to get in short. We narrowed that area down to a level of major resistance and laid out a clear IF/THEN sequence for taking the trade. The circumstances did NOT meet so we did not take the trade. Instead price broke above that High and came back down to test it again as support(crazy right.. how resistance becomes support :p ) and now the question begs, am i still getting short? Heck yeah, I just have to wait for the market to give me my confirmation. Fortunately for me, I have a degree in harmonics (not really, but i meant to certify my bad ass"ness") and I found a harmonic pattern, The Gartley, and best of all, its a good looking pattern. So this gives me the perfect opportunity to Short with Minimal Risk. So now to the meat of it, the first option would be taking the gartley traditionally with your targets at the fib levels. (boring.. but if your habit building, then just follow your rules and stick to traditional) OPTION 2: This would be taking the gartley's first targets and taking extended targets down and previous support. (Great trade, minimal risk, good reward) OPTION 3: This is using the Gartley as a Entry Technique to a longer term trade, taking targets down at previous support, and then down at the lower low, lower close. My stops would go above the highs to the left, Unfortunately I can't put my stops above the True Swing high because it would skew the RR too much and make the trade not viable. (This is the one I am going to take) Like always if you have any questions feel free to comment below
Short
by TheAlcoveFx
2