USDJPY - Short Flashcard - One note is the pair moved 1*ADR from peak off formation to bottom pin perfectly before reversing (ADR = Average Daily Range)
NZD USD - Short Flashcard - Pair rejected off of H4 resistance zone
EUR USD - Short Flashcard - Double top formation occurred during London session - First leg with RSI hook into volatility bands and cross signal line - Second leg formed with divergence - Market baseline still pointing upwards and no close below 13 ema - Entry either on first small candle to...
AUD NZD - Long Flashcard - Double bottom formation (more pins to a low) created early London session - Lower lows created until a spike, after which the spike wasn't broken and 4 higher lows were created - RSI crossed MBL and MBL curving upwards - Entry @ second close above 13 ema - Stop loss 5...
EUR USD - Short Flashcard - Double top formation formed late into New York session - Pair in bearish trend - First leg with RSI hook into volatility bands - Second leg RSI failed to go above signal line indicating bearish continuation - Entry on candle close below 13 ema - TP @ RSI...
NZD USD - Short Flashcard - Pair in a bearish trend - Presented with a double top late into new york - RSI near 68 hook back into volatility bands on first leg of formation and crossed under signal line - Second leg of formation RSI failed to break signal line (therefore remaining bearish) -...
GBP CAD - Short Flashcard - Pair in bearish trend - Pair presented with a double top which was stopped out after entry - Then another double top appeared with divergence @ 68 and a false bullish channel - Entry was on the second leg close below 13 ema - Stop 15 pips above second leg high ...
GBP JPY - Short Flashcard - This pair was in a bearish trend - Presented with a double top formation off of 800 ema - Entry was on second leg close below 13 ema - Stop loss goes 15 pips above pattern due to pairs volatility and previous day rejection zone - Entry on RSI cross signal line and first...
GBP USD - Short Flashcard - Pair presented with double top off of YH with an easy entry @ 13 ema close (below) - Although RSI didn't hook out of volatility bands it did cross RSI on the first leg near 68 - TP 1 @ RSI hook into volatility bands @ 32 with RSI cross signal line - Trade had every reason to become...
GBP JPY - Short Flashcard - Pair presented with double top formation early London session - First leg of formation presented with a hook into volatility bands with RSI cross under Signal line - Second leg presented with evening star pattern with close below 13 ema and divergence - Profit taken @ RSI signal line...
EUR GBP - Short Flashcard - Pair presented with double top formation off of 200 ema (which later became triple) - First leg came in with a sharkfin off of the 200 ema and RSI cross under signal line - Second leg came in with RSI cross under market base line (yellow) and market baseline flattened out after bullish movement ...
USD JPY - Long Flashcard - Pair has just broken the uptrend so this is a counter trend but the trend reversal wasn't the strongest (higher time frames) - Double bottom formation presented off of yesterdays low - First leg with RSI hook @ 32 into volatility bands - Second leg entry on shift candle at RSI cross...
GBP USD - Long Flashcard - Pair in uptrend - Pair presented with a clear double bottom formation off of yesterdays low - First leg presented with a RSI hook into volatility bands near 32 - Second leg presented with a RSI cross above signal line with second leg holding the same low - Pattern...
AUD CAD - Long Flashcard - This pair has been on a bullish uptrend - Double bottom formation off of the 800 ema - Pair presented a RR track for entry from second leg - First leg of formation presented with a RSI hook into volatility bands @ 32 - TP1 @ 200 ema (however this should mean you stop...
NZD JPY - Long Flashcard - Bullish trend - Presented the same way as GJ (refer to previous flashcard) - Double bottom formation off of 200 ema - First leg presented with a RSI hook into the volatility bands - Second leg came for the same low and presented an entry with a break plus close above 13 ema and RSI volatility band cross - TP (could be at initial high of...