If you are bearish the overall market and looking for an easy way to gain from a potential market correction, the UVXY could be in a great position to help you do so. Looking left on the chart I've identified a profit target using the 60 RSI level (the trend continues the further back you look as well, showing that the 60 RSI is usually about the top dollar you...
It looks like the British Pound is going to tap our entry point for a bearish bat pattern. In this trade I have highlighted my risk/reward ratio for advanced pattern setup's. My trading plan calls for a 70% risk/reward between target #1 and my stop loss. With this rule in mind I have placed my stops above the previous structural pivot point. If your trading plan...
It's looking like the British Pound is going to press up into our entry point for a nice opportunity to short the market. The risk/reward profile I have established in my trading plan is not to take trades that offer less than 70% Risk/Reward from the 1st take profit point and the stop loss. With this rule in mind, I look for opportunities to place stops around...
AUD/CAD is one of my favorite currency pairs to trade due to the constant advanced pattern formations. Today we have a nice bat pattern that looks like it is going to complete. Structure provided a strong level to put stops under, making this my favorite trade of the morning. -David Become a Native of the Forex Market: www.forexnative.com
After EUR interest rate drop we had a major move to the up side, followed by consolidation over the last few days. I usually don't trade flag patterns by themselves but this particular formation is sitting on some solid support. Looking to trade a breakout in the next few hours. Good luck! David www.forexnative.com Become a Native of the Forex Market
Still plenty of opportunity left for profit in this Cypher Pattern on the EUR/USD. Check out my website for free Forex Education Training: www.forexnative.com Become a Native of the Forex Market
Hi there, My name is David Russo and I am a trader with FX:EURUSD Forex Native. Here is a chart that I have used over the last year of trading and wanted to post it as a reference to anyone that wants to see how a few harmonic patterns appeared in the EUR/USD. I traded on a 15min and 1hr timeframe and was trading the Gartley and Bat patterns. Let me know what you...