29-06-2022 _ Update Short Term Bearish Idea _ EURCAD H4 That’s a follow-up on the Short Term Bearish Idea _ EURCAD H4 originally shared on 28-06-2022. Target 1 @ 1.3523 _ Achieved on 29-06-2022
1- Bearish Divergence on MAs of MACD Indicator. 2- Three Black Crows. 3- Breakout of most recent Trendline. One can expect pullback / retest of the broken Trendline and further continuation lower. Target @ 0.7385 Stoploss @ 0.74703
1 - Bearish Divergence. 2 - Break below Support Zone. 3 - New LL created resulting in Convergence. 4- After convergence price action typically consolidates of retraces before further continuation to the down side. Target 1 @ 1.3523 Target 2 @ 1.3461 Stoploss @ 1.36735
1- Price action has bounced from bottom of the rising channel with the formation of Bullish Divergence. 2- The price action then flipped by creating new HH thus forming Convergence. 3- This presents a typical case of Divergence followed by Convergence. 4- Once Convergence happens the price either consolidates or retraces before further continuation to the UP...
That’s a follow-up on the Short Term Bullish Idea _ EURCAD M15 originally shared on 27_06_2022 The idea didn’t work because of the following reasons; 1- Missed out Bearish Divergence, 2- Missed out Double Top coupled with Bearish Divergence. So, this should have been a SELL call not a BUY.
1- 1- Bearish Divergence near Top of the Range. 2- 2- Evening Star candlestick pattern. 3- Target 1 @ 0.8607 4- Target 2 @ 0.8592 5- Protection @ 0.8642
1- Bearish Divergence at the top of the Range. 2- False Breakout on MACD Histogram. 3- Strong Bearish Candles. 4- Target @ 104.68 5- Stoploss @ 105.146
1- Price has breakout above Top of the Range. 2- Bullish Flag Pattern. 3- Enter at the pullback or retest of top of the range. 4- Target 1 @ 1.3678 5- Target 2 @ 1.3703 6- Stoploss @ 1.36195
27-06-2022 _ Update Short Term Bearish Idea _ CADJPY M15 That’s follow up of Short Term Bearish Idea _ CADJPY M15 originally shared on 27-06-2022 Target @ 104.6 _ Achieved on 27_06_2022
1- Bearish Divergence. 2- Bearish Engulfing Candle. 3- Target @ 104.6 4- Stoploss @ 105.1
1- Harmonic pattern suggesting a bearish move. 2- Double top formation suggesting a bearish move. 3- Bearish Divergence on MACD indicator. Therefore, as long as the double top holds my view remains bearish. Enter @ 142.305 Target 1 @ 139.787 Target 2 @ 136.600 Protection above Double Top @ 144.78
23-06-2022 _ Update Short Term Bearish Idea _ USDJPY H1 That’s a follow-up on Short Term Bearish Idea _ USDJPY H1 originally shared on 22-06-2022 Target 1 Achieved – 23-06-2022 Trade management is as follows; Close Half Move SL to Entry Target 2 @ 133.775 OR Enter again @ BO of the Bottom of Channel
1- Bullish Divergence on MACD indicator resulting in a move UP. 2- The price action then flipped by creating a new HH resulting in Convergence on the MACD indicator. 3- This presents a typical case of Divergence followed by Convergence. 4- Convergence typically results in Consolidation or a Pullback followed by further continuation to the UP side. Therefore as...
1- Price action has bounced from Top of the Channel 2- Bearish Divergence on MACD Histogram and MAs. 3- As long as the Top of the Channel holds my view remains Bearish. Therefore Enter @ 136.190 Target 1 @ 135.227 Protection @ 137.000
21-06-2022 _ Short Term Bullish Idea _ AUDCAD H1 1- AB=CD pattern suggesting a bullish move. 2- Bullish Divergence between B and D suggesting a bullish move. 3- Price action has bounced from a strong support zone. 4- Bullish Engulfing candle. Therefore, as long as the two support zones hold my view remains bullish. Target 1 @ .90889 Target 2 @ .91478 Protection...
21-06-2022 _ Short Term Bullish Idea _ NZDCAD H4 1- Bullish Divergence followed by Convergence presents a typical case of consolidation / pullback and further continuation UP. 2- The price action retraced to a strong support zone and is bouncing up with the formation of Hidden Divergence which is indicative of a move UP. Therefore, as long as the support zones...
That's follow-up of Short Term Bearish Idea _ USDCHF H1 shared on 16-06-2022 and further trade management. Target 1 Achieved - 16-06-2022 Trade Management by further reducing exposure by 50% - 16-06-2022 Target 2 Achieved - 17-06-2022 325 pips
That’s a follow-up on the Short Term Bullish Idea _ AUDUSD H1 originally shared on 15-06-2022 Target 1 Achieved on 16-06-2022 Target 2 Achieved on 16-06-2022 Close 70% lot size Target 3 @ 0.9145 Move SL to Target 1 @ 0.90425