joelduque

joelduque Updated  Nov 21, 2018

CADJPY has been on a recent downtrend. It is near completion of a bullish cypher which is confluence with trendline support. Upon pattern completion and confirmation of the bullish bias, I will go long. The take profit target is set at the 61.8 Fibonacci retracement level of the CD leg while the stop loss has the same number of pips as TP1. Tentative details are...

joelduque Nov 19, 2018

AUDCAD has been on a strong uptrend and completed a bearish bat. There is an RSI bearish divergence on H4 timeframe. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point while the take profit target is set at the 38.2 Fibonacci retracement level of the AD leg. Trade details are as follows: Trade Setup: Bearish Bat Price...

joelduque Nov 18, 2018

EURJPY is now sideways from a recent downtrend. It has completed a bearish cypher around a trendline resistance. Price has been successfully rejected at the potential reversal zone. Upon confirmation of the bearish bias, I will go short. The take profit target is set at the 61.8 Fibonacci retracement level of the CD leg. Stop loss has the same number of pips as...

joelduque Nov 18, 2018

EURCAD has been on a recent uptrend. It has completed a bearish bat around a trendline resistance. So far, price has been successfully rejected at the potential reversal zone. Also, an RSI bearish divergence is seen at H1 timeframe. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point while the take profit target is set at...

joelduque Updated  Nov 18, 2018

GBPUSD has been on a strong downtrend and near completion of a bullish bat. There is also an RSI bullish divergence. Upon pattern completion and confirmation of the bullish bias, I will go long. Stop loss is just below the X point. The take profit target is set at the 38.2 Fibonacci retracement level of the AD leg. Tentative details are as follows: Trade Setup:...

joelduque Updated  Nov 15, 2018

AUDUSD has been on a recent uptrend and completed a bearish bat. There is price rejection at D completion and an RSI bearish divergence. Stop loss is just above the X point while the take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. I will cancel the sell limit order if price goes to TP1 before getting triggered. Trade details are as...

joelduque Updated  Nov 14, 2018

AUDCAD has been on a recent uptrend and completed a bearish bat around a trendline resistance. On H4 timeframe, an RSI bearish divergence is seen. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. Trade details are as follows: Trade...

joelduque Updated  Nov 12, 2018

EURCAD has been on an uptrend with the trendline support holding along the way. It has been just been violated with a candlestick breaking and closing below. This served as the confirmation of the bearish bias. As such, I am looking short at that level. Stop loss is just above the recent swing high. The take profit target is set at the 61.8 Fibonacci retracement...

joelduque Nov 12, 2018

USDJPY has been on an uptrend and completed a bearish bat. On H4 timeframe, an RSI bearish divergence is seen. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. Trade details are as follows: Trade Setup: Bearish Bat Price Entry...

joelduque Updated  Nov 9, 2018

GBPNZD has been on a downtrend and formed a double bottom. There is also an RSI bullish divergence on H1 timeframe. I am looking for a break and close above the recent trendline resistance as confirmation of the bullish bias. Stop loss is just below the trendline support. The take profit target is set at the 38.2 Fibonacci retracement level of the downswing. Trade...

joelduque Nov 9, 2018

CADJPY has been on a recent uptrend. There is a recent break and close below the trendline and the horizontal support. I am looking for retest of that level for an opportunity to short. Stop loss is just above the swing high. The take profit target is set at the 78.6 Fibonacci retracement level of the upswing which is in confluence with a longer timeframe trend...

joelduque Nov 7, 2018

EURJPY has been on a recent uptrend and completed a bearish bat. There is also an RSI bearish divergence on H4 timeframe. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. Trade details are as follows: Trade Setup: Bearish Bat Price...

joelduque Nov 5, 2018

USDCAD has been on a downtrend and is currently around the trendline resistance. A bearish cypher has completed and there is also a possible bearish bat. Upon confirmation of the bearish bias at the potential reversal zone, I will go short. Stop loss is just above the bearish bat X point. The take profit target is set at the 61.8 Fibonacci retracement level of the...

joelduque Nov 1, 2018

EURAUD has been on a downtrend and completed a bullish butterfly. This is in confluence with a trendline support. Upon confirmation of the bullish bias, I will go long. Stop loss is just below the swing low. The take profit target is set at the 38.2 Fibonacci retracement level of the AD leg. Trade details are as follows: Trade Setup: Bullish Butterfly Price Entry...

joelduque Oct 31, 2018

NZDUSD has been on a downtrend and formed a double top with broken neckline. I am looking to enter at the 61.8 Fibonacci retracement level of the 2nd top to the swing low of the broken neckline. Stop loss is just above the 2nd top. The take profit target is set at the 61.8 Fibonacci retracement level of the upswing. Trade details are as follows: Trade Setup:...

joelduque Oct 30, 2018

CADJPY has been on a downtrend and is near completion of a bearish bat. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. Tentative details are as follows: Trade Setup: Possible Bearish Bat Price Entry 86.144 SL 86.361 | SL pips 21.7 TP2...

joelduque Oct 30, 2018

EURJPY has been on a downtrend and is near completion of a bearish cypher. Upon confirmation of the bearish bias, I will go short. The take profit target is set at the 61.8 Fibonacci retracement level of the leg CD. Stop loss has the same number of pips as TP1. Tentative details are as follows: Trade Setup: Possible Bearish Cypher Price Entry 128.674 SL 129.454 |...

joelduque Oct 29, 2018

GBPCHF has been on a downtrend and completed a bullish bat. A bullish reversal divergence is seen on H4 timeframe. Upon confirmation of the bullish bias, I will go long. Stop loss is just below the X point. The take profit target is set at the 38.2 Fibonacci retracement level of the leg AD. Trade details are as follows: Trade Setup: Bullish Bat Price Entry...