joelduque

joelduque

There is a bearish cypher which formed for NZDUSD. Price entry at 0.73514 is guided by a close of a red candlestick which completely engulfed the bodies of the candlesticks of the last 2 trading days. Take profit targets are at the 38.2 and 61.8 Fibonacci retracement of the CD leg. Stop loss is set at the same number of pips as TP1. Trade Setup: Bearish...

joelduque

There is a bullish bat, a trend continuation pattern, for USDCAD. Price entry at 1.25705 is based on a candle break and close above the resistance of the downward channel. Stop loss is just below the X point while take profit levels are based on the 38.2 and 61.8 Fibonacci retracement of AD leg and A point. Trade Setup: Bullish Bat Price Entry 1.25705 SL 1.24452...

joelduque

USDJPY has recently been on a downtrend. There is a bullish butterfly, a trend reversal pattern, which completed on the H4 timeframe. Price entry (104.956) is guided by a candle break and close above the resistance of the diagonal channel. Stop loss is just below the D point while take profit levels are at the 38.2 and 61.8 Fibonacci retracement of the AD...

joelduque

EURUSD has been on a recent uptrend amidst a longer term downtrend. With the completion of a bearish bat, I see a continuation of the downtrend and an opportunity to short. Price entry is based on a candle close of 1.19818 which closed lower than the previous 11 candlesticks in an apparent sideways movement. Stop loss level is just above the X point while profit...

joelduque

EURUSD has broken out of its downtrend. Price was supported at 1.22408 (61.8 Fibonacci retracement from its swing low to swing high). I can also see an ascending triangle from which price broke out. As I am expecting the uptrend to continue, I am placing an aggressive buy limit order at 1.22952 which is the 61.8 Fibonacci retracement of the recent swing to swing...

joelduque

The downward trend for EURUSD continues with the diagonal resistance and supports holding. As I maintain my short bias with this pair, I am placing an aggressive sell limit at 1.23885 (61.8 Fibonacci retracement of the recent swing high to swing low). Stop loss is just above the swing high while profit taking is at the swing low. I am manually cancelling this...

joelduque

EURUSD is on a new downtrend as shown by the new lower highs and lower lows. As I am expecting this bearish bias to persist, I am placing an aggressive sell limit at 1.24270 (61.8 Fibonacci retracement of the recent swing high to swing low. Stop loss is just above the swing high while profit taking is at the swing low. I am manually closing this pending order if...

joelduque

The uptrend for EURUSD is still strong. Based on my bias that the uptrend will continue, I am placing an aggressive buy limit at the 1.24006 (78.6 Fibonacci of the recent swing low to swing high). The stop loss is placed just below the swing low while the take profit is set at the swing high. I am cancelling this pending order if price goes to TP1 before getting...

joelduque

The recent uptrend for EURUSD is strong. The support and resistance of the diagonal channel has been well respected. As I see that the trend will continue, I am placing an aggressive buy limit at the 1.23850 (78.6 Fibonacci of the recent swing low to swing high). The stop loss is placed just below the swing low while the take profit is set at a conservative level...

joelduque

EURUSD broke out to the upside yesterday, January 23, from its sideways consolidation. As I am expecting the uptrend to continue, I am placing an aggressive buy limit at 1.23800 (61.8 Fibonacci retracement of the recent swing low to swing high). The stop loss is placed just below the recent swing low while profit taking is at the swing high. I intend to cancel the...

joelduque

EURUSD has been on an uptrend since 4 months ago (October 27, 2017). As I am expecting the uptrend to continue, I am placing an aggressive buy limit at 1.22448 which is the 78.6 Fibonacci retracement level of the recent swing low to swing high. The stop loss is placed just below the swing low while the take profit is set at the swing high. I plan to manually...

joelduque

There is a double top for EURUSD with the left and right tops today, May 2. Also, the neckline was broken today, with a candle close of 1.19400. Therefore, I am looking for a short opportunity by placing an aggressive sell limit at 1.19921 (61.8 Fibonacci retracement of the right top to the recent swing low). The stop loss is placed at 1.20367 (just above the...

joelduque

There is a double top for EURUSD with the left top yesterday, April 18, and the right top today, April 19. Moreover, the neckline was broken today, with a candle close of 1.23633. Therefore, I am looking for a short opportunity by placing an aggressive sell limit at 1.23827 (61.8 Fibonacci retracement of the right top to the recent swing low). The stop loss is...

joelduque

There is a double top for EURUSD with the left top yesterday, March 7, and the right top today, March 8. The neckline was likewise broken today, with a candle close of 1.23508. Consequently, I am looking for a short opportunity by placing an aggressive sell limit at 1.23800 (61.8 Fibonacci retracement of the right top to the recent swing low). The stop loss is...

joelduque

There is a double top for EURUSD with the left top yesterday, February 1, and the right top today, February 2. The neckline was likewise broken today, with the a candle close of 1.24451. Thus, I am looking for a short opportunity by placing an aggressive sell limit at 1.24766 (61.8 Fibonacci retracement of the right top to the recent swing low). The stop loss is...

joelduque

There was a long term uptrend for EURUSD which started last November 7, 2017. Recently, there was a double top with the left top last February 1 and the right top last February 16. The neckline was broken today, February 28, with the a candle close of 1.21933. Also, there was a break of the diagonal support last February 21, with the candle close of 1.22826. As...

joelduque

On May 10, there was a break (candle close of 1.18738) of the downward diagonal channel of EURUSD which started about a month ago (April 17). There is a new uptrend which started last May 9 and confirmed by a new higher low and higher high (May 10). As I am expecting that new trend continues, I am looking a for a long opportunity with an aggressive buy limit at...

joelduque

There is a bearish bat seen for EURUSD H4. Price entry is based on a bearish engulfing candlestick (close of 1.24262) which completely consumed the previous 3 candlesticks. The stop loss is placed just above the D point while profit taking is targeted at the 38.2 and 61.8 Fibonacci retracement levels of the AD leg and A point, respectively. Trade setup: Bearish...