I bought the breakout yesterday with agreesiv stops. sadly we didnt see the momentum kicking in, and i got stopped out by the smaller consolidation we are currently stuck in. still looking to go long for the next breakout, tho the bull bear fight seems really strong currently. but one group will win eventually, so just patience GO BULLS!!!
A very similar setup to the NZDUSD one, so try to maybe trade one of them diffrently. maby wait for another consolidation after the breakout for one of those and then trade that breakout on a lower timeframe. advantage of GBPUSD is that we just went straight south all year so far, so the upside potential is pretty big.
usally i would like to see a breakout of the consoldidation on a lower timeframe, but we dont really have a solid to look for breaks. since i still wanted to go long here, i utilized this pinbar that retest the trendline to go long for roughly 2.5:1 average RRR.
we had a very symetrical trendchannel up. now we that we broke it, we can look to continue the recent short bias to the downside.
Due to the bat that is forming the double bottom i think chances are high we will form a very symethrical pattern here. good oppurtunity to go long if we do. tho i will probably also look for shorts at the bat pattern completion point.
could be a potential zone to start selling again, if we break below the consoldiation.
We are currently sitting roughly at the bottom of a trendchannel from the daily timeframe, tho it already looks half broken we always came back above it so far. if we now finally manage to break the 2H trendchannel here, then i think its a good spot to go long. potential upside is the full retest of the upper daily trendchannel line. so alot of room to run.
Usally not at all a pair im looking at but i just random clicked on it and we are currently approaching a good oppurtunity so whatever. this spike we saw last week was the biggest spike since 2012. those kind of spikes often happen in lowpriced lowtraded stocks. they spike up multiple 100% for 1 day or 2 and then fall down to where they came from. if you look at...
on the daily timeframe we have a good looking gartley at the end of a downtrend. my entries for that were a little bit lower so i didnt get filled on that (just yet). however, the 786 was hit validating the gartley. so i also looked for longs on lower timeframes. on the 4h (better use the 1h or 2h) we broke out of the trenchannel that was forming the CD leg...
Setup is pretty straight forward with great risk reward of 8-10:1 potentially depending on where we get in and were we open in a few hours. We are pretty solid at the 61.8 retracement and bang at the trendline. The doji pinbar shows resistance in this area so with that risk reward its pretty much a nobrainer for me.
EURUSD hasnt been kind to me latly, thats why i didnt trade much there. its just too sideways. not a good place for a breakouttrader to be in. however yesterday we broke the triangle i was watching to the downside, so im maybe interested in a short here. i might just take a shot at it if we see a break below the blue triangle here that formed after the momentum...
expect a momentum move to the upside soon if we can take out the highs of the last hour. conservative stops below the pennant, aggressiv stops below the lows we make from now on till the break of the highs.
probably a bit hard to trade this with the weekend coming up, but i still wanted to point out this chance for some nice profits.
We have a good supportzone below us all the way from the daily timeframe, that we recently broke away from. we are now coming back to retest it while forming a shark and a butterfly to give us an entry reason. i suggest placing the stop below the 1.618 extention of the butterfly go give the market enough room and targetwise shooting for a buy ralley from that...
wait for a consolidation to the upside to sell the breakout to the downside.
yeah this setup isnt the most beautiful one but it still provides oppurtunity.
Great spot to go long here soon. if we follow the flag on the daily timeframe we have a great runaway target at a retest of the 1.5000 zone, tho that will probably take a couple of weeks if not month.
Potential longs in Crude since we finally broke the upper trendline with a big momentum candle. currently consolidating so be patient and let the market rest abit before buyin the further breakout to the upside