Trader-Mick

Trader-Mick Updated 

Hey traders! We have a bearish Cypher pattern setup @ 0.72840, We have the stop loss @ 0.73033 and take profits at 0.7261. RISK DISCLAIMER: Trading can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market , you should carefully consider your investment objectives, level of experience,...

Trader-Mick Updated 

Hey traders, We have a bullish bat with the trend in hourly chart. I am already long in this pair from @ 87.307. Please place buy limit order at the entry point if you want to take the position. After the GJ winner before the news, decided to set this up. Cheers. Stop loss and take profit levels are given. RISK DISCLAIMER: Trading can be a challenging and...

Trader-Mick Updated 

Hey traders! We have a bullish cypher setup in the hourly chart. Entry levels, take profits and stop loss levels are mentioned in the chart. RISK DISCLAIMER: Trading can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market , you should carefully consider your investment objectives,...

Trader-Mick Updated 

We have higher highs in hourly chart, We have this bullish Gartley setup at the moment. Entry price @ 1.50399 and Stop loss would be @1.49787 and Target will be at 1.51138.

Trader-Mick Updated 

Hey traders, Alongside with my Eurcad Gartley setup, I have another setup in this pair in the hourly chart, a Bullish cypher pattern completing at 132.669 and stops should be at 132.299 and First target would be @133.107. After installing the New structure high we have another impulse we made higher high with a close confirming that an uptrend is active.

Trader-Mick Updated 

Just few points left to complete the bearish bat formation. The impulse legs shows supply zone with respect to harmonic pattern completion there. We also have another planetery aspects of Venus and uranus which may work on 27th october to 28th october. If we have a pattern completion around these dates, we may have a good reversal to the targets. Some rules: 1)...

Trader-Mick Updated 

Hey traders! We have a new structure low which invalidated the previous uptrend, We have a potential bearish cypher pattern @0.67618. Sell limit order is placed and will take the profits at 1.67169 and stop loss @0.67942.

Trader-Mick

Here we have a 5 wave structure. and the price action is rallying off from the support level. As it did in the previous it created the Y wave and now its time for the X wave to complete. Also notice the RSI bullish divergence, its certainly a good indication for a bullish bias. I am expecting Gbpusd to reach 1.5300 easily. Later on then I will think about the Z...

Trader-Mick

At the moment price action may test the support areas. A strong trend line starting from 2001 until now. In additional Relative strength index showing bullish divergence. I am assuming Aussie strength. If you have any more ideas please share it. Thank you.

Trader-Mick Updated 

Hey traders we have series of higher highs in hourly chart which gives a clear uptrend mode. We have a bullish cypher pattern in hourly. Entry @ 2.08045 Take profit @ 2.09640 (1st Target) Take profit @ 2.010617 (2nd Target) SL 2.06834

Trader-Mick Updated 

Price action made higher highs and installed an uptrend in the hourly chart, We have a bullish Cypher pattern, and it might be a good reason to buy the dip at 1.47578. Entry @ 1.47578 Stop loss @ 1.47049 Take profit @ 1.48175 Unbreakable Rules 1. Never add to a losing position. 2. Never risk more than 5 percent of your trading capital on any one trade. 3....

Trader-Mick Updated 

Price action creating lower lows with following lower highs, to trade this bearish trend, I have a bearish cypher pattern set up. I will look to short at 1.09172 and have my stops at 1.09709 and take profit at 1.08145.

Trader-Mick Updated 

Hey traders: we have a double top V structure violation and after that price seems to touch 19786 and there would be a good short opportunity. Stops at 20114 and Take profits will be taken at 19460 and 2nd one will be 19219.

Trader-Mick Updated 

After having an uptrend installed with higher highs followed by higher lows, I have a reason to buy the dip with this Bullish Bat formation.

Trader-Mick Updated 

After installing higher highs with a close we can see an uptrend and I am to expect a higher low around 88.6 of XA which makes a Bat pattern.

Trader-Mick

Interpretation: If the price action (bullish candlestick) closes above the upper Bollinger Band, which I consider to be the first signal, we can then move towards the Stochastic oscillator and wait until it breaks the 80 level to the downside. Once the break has occurred a short position can be taken, with a potential move towards the middle Bollinger Band....

Trader-Mick

After the end of wave 5, I am expecting a pullback to at least 50% of wave A then continue to wave C ( at least 100% of wave A). Wave B is usually a three wave pattern. Wave B implications: wait for at least >50% <78.6% of Wave A retracement to except the C wave, C wave is usually a 5 wave pattern and the ratios usually 62%,100%,162% of Wave A and 162%,200%,262%...

Trader-Mick

Waiting for price to hit 39.17, this is where the bat pattern completes. Already Ab=CD completed at 40.30. We have a nice RSI bullish divergence. As we know this divergences does not work alone, need to be confirmed by other methods, so I have a bullish bat formation and also a AB=CD pattern. Targets would be at 43.02 and stops at 36.07.