PateSkpate

PateSkpate Updated 

The S&P 500 has been in a Bear Trend on the 1hr since Dec 2. We will continue with that theme and sell rallies. This is at market Sell on the S&P. Stops above the last swing high and Targets are down at the lows and 1.27 Fib Ext (all shown on the chart). Entry was a rally into the 78.6% Fib Retracement, 1.618%Fib Inversion, and a complex pullback in the form of a...

PateSkpate Updated 

This is an UPDATE to the short I called out a couple weeks ago and still hasn't hit Target #1 yet. We have ran into the Major Trendline this morning, which is concerning to me. We are putting in the Alligator's Mouth or Megaphone type Pattern. These typically result in a Major Breakout once price gets outside of the range. Still holding onto my short per my...

PateSkpate Updated 

EURJPY has recently broken structure to the downside. This is signaling that it's ready to start it's downtrend. I'm looking to sell this rally once price reaches my "entry zone". Entry - I will go down on a smaller time frame and look for some sort of reversal pattern or candlestick for my entry. No matter where you enter in the zone you will get at least a 1...

PateSkpate Updated 

USDJPY is up to its same old tricks. The USDJPY like to consolidate tightly for periods of time then explode out of the range. This Breakout/Breakdown opportunity is setting up on the 240min chart. It's just a simple Balance Area. These Balance Area's are where "smart money" is either Accumulating or Distributing positions, we never really know what they are doing...

PateSkpate Updated 

This is easier seen on the 5min chart. The S&P 500 has put in an Inverse Head & Shoulders Pattern. This is a reversal pattern. Look to buy the Neckline or the Breakout (shown on chart). Look for Targets around Gap fill.

PateSkpate Updated 

USDOLLAR has been stuck in a consolidation range. Consolidation breeds breakouts. I'm looking for a move in either direction. Entry will be a break and close out of the range on the 240min chart. Stop will be 1 ATR above or below the breakout bar. Targets are shown on the chart. I have no idea which way this will go but I'm prepared for a break in either...

PateSkpate Updated 

The S&P 500 is continuing with its Downtrend on the 1hr chart. Looking to keep Selling Rallies until we Violate the last swing high. We can Target the lows for Target #1 and then 1.27% Fib Ext for Target #2

PateSkpate Updated 

I will be taking this trade on the 5 MIN CHART. I will wait for a break and close out of the balance area for entry. Stops will go 1 ATR behind the Breakout Bar. Targets are shown on the Chart. Expecting for it to breakdown for a pullback on the Higher Time Frame

PateSkpate Updated 

After the Major spike in EURUSD last week, it's starting to pullback in a Bull Flag fashion. This usually means a breakout in the direction of current Momentum, in this case Bullish. Price is also working on completing an ABCD Pattern on the 30 min Chart. Zooming in on a Lower Time Frame (LTF) I can see that it's in a small Balance Area. I will look to be trading...

PateSkpate Updated 

Looking for a Break and Close on the 15min chart. Once I get a close I will trade in that direction. Stops go 1 ATR behind Breakout Bar. Targets are on the chart.

PateSkpate Updated 

USDJPY Breakout/Breakdown opportunity on either the 5/15 min chart. I will be taking the this trade on the 5 min chart with a BREAK & CLOSE out of Balance Area. Stops & Targets are shown on the chart. Bearish Div RSI.

PateSkpate Updated 

GBPUSD has put in a Double Bottom at Daily Support. RSI went Oversold on the 1st Test. On the 2nd Test the RSI was showing Bullish Divergence. Zoom in on a Lower Time Frame once Price reaches the Entry Zone and look for some sort of Reversal Pattern Such as a Hammer Candlestick, Doji, 3 Bar Reversal, etc... Stops go either 1 ATR or 10 Pips below the Double Bottom....

PateSkpate Updated 

EURUSD 15 min Balance Area Breakout.

PateSkpate Updated 

Trade was Activated for me. Chart shows Entry, Stops, and Targets. Just need to get momentum (That's my only concern).

PateSkpate

EURUSD has been in Consolidation this morning. I'm looking for a Break & Close out of the Balance Area in EITHER direction. The Break & Close is my Entry Trigger. Stops go 1 ATR Above/Below Breakout Bar. Targets are shown on the Chart. I'm not sure how much Momentum we will get on the EURUSD today with this being Thanksgiving Week here in the US and Momentum is...

PateSkpate

The Rising Channel of the GBP/JPY has been broken and has closed below the Channel. I took a short on the first close below the Channel. My stop is 1 ATR is above Breakdown Bar around 187.05's. I listed a few Target's for you guys. Choose them as you wish. I only Trade 2 Targets per my Trading Rules. In order to get this pair we need to see Risk Aversion. All JPY...

PateSkpate Updated 

This is just a Technical Analysis on what COULD happen on the Kiwi. I'm looking at Trading the Balance Area in EITHER direction. These Balance Area are typically areas where Smart Money is either Accumulating or Distributing Orders. I think given the Overall Bearish Trend and the way this Pattern has setup it makes the most sense for a downside Breakdown,...

PateSkpate Updated 

The GBPJPY has been in a Rising Channel since October. Rising Channels tend to break to the downside. Today we finally got a break & Close out of the Channel on the 4hr Chart. This would be a longer term trade. Stop is 1 ATR above Breakdown Bar. Target is the measured move of the Channel (yellow line).