joelduque

joelduque Oct 29, 2018

USDJPY has been on a downtrend and completed a bearish bat. Price is also seen near a trendline resistance. 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 61.8 Fibonacci retracement level of the leg AD. Trade details are as follows: Trade Setup: Bearish Bat Price Entry...

joelduque Updated  Oct 29, 2018

EURNZD is currently sideways and completed a bullish cypher. Price has been rejected at the potential reversal zone. 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 61.8 Fibonacci retracement level of the leg CD. Trade details are as follows: Trade Setup: Bullish Cypher Price Entry...

joelduque Oct 29, 2018

EURGBP has been on a recent uptrend and completed a bearish bat. Price is near diagonal resistances and being rejected at the potential reversal zone. 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 38.2 Fibonacci retracement level of the leg AD. Trade details are as follows: Trade...

joelduque Oct 25, 2018

GBPCHF has recently been on strong downtrend and a bullish bat has formed. Upon confirmation of the bullish bias, I will go long preferably above the H4 close of 1.28504. 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 which takes into account the trendline resistances. Trade details are as...

joelduque Oct 25, 2018

EURCAD has been on a recent downtrend which was punctuated by a CAD rate hike as expected. On the H1 timeframe, we can see a bullish pin bar right at the potential reversal zone of a bullish bat. In addition, there was a follow through of the bullish bias. As such, I am placing a buy limit at the candlestick close of that pinbar. Stop loss is just below the X...

joelduque Oct 24, 2018

CADCHF is above the 200 SMA and formed two double bottoms. Likewise, price has broken and closed above the trendline resistance. Price entry is set at the 61.8 Fibonacci retracement level of the 1st double bottom from which we can see price bounced nicely. I will place a buy limit order at that level. Stop loss is just below the 2nd double bottom while the take...

joelduque Oct 24, 2018

EURCHF has been on a uptrend but recently broke and closed below the channel support and horizontal zone of support. As I am expecting the downtrend to continue, I am placing a sell limit order at the 38.2 Fibonacci retracement level of the swing high to swing low. Stop loss just above the recent swing high while the take profit target is set at the 61.8 Fibonacci...

joelduque Oct 23, 2018

USDCAD has been on a recent uptrend and is at the channel resistance. This is in confluence with the formation of a bearish cypher. Price has been rejected at D completion. 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. The stop loss has the same number of pips as TP1....

joelduque Oct 23, 2018

USDCHF has been moving sideways. Price has broken the uptrend support and formed a double top with broken neckline. The confirmation of the bearish bias is the rejection of the price at the 61.8 Fibonacci retracement of the right top to swing low. As such, I am placing a sell limit order at that level. Stop loss is just above the swing high while the take profit...

joelduque Oct 22, 2018

CHFJPY has broken out of its channel resistance and formed a bullish bat. Upon confirmation of the bullish bias, I will go long. Stop loss is just below the X point while the take profit target is set at the 61.8 Fibonacci retracement level of the leg AD. Trade details are as follows: Trade Setup: Bullish Bat Price Entry 112.922 SL 112.720 | SL pips 20.2 TP2...

joelduque Oct 22, 2018

EURNZD has been on a downtrend and a bearish Gartley has formed. 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 AD while the stop loss has the same number of pips as TP1. Trade details are as follows: Trade Setup: Bearish Gartley Price Entry 1.75143 SL 1.75748 | SL pips...

joelduque Oct 22, 2018

EURUSD has been on a downtrend and completed a bearish cypher. As I expect the downtrend to continue and 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 while the stop loss has the same number of pips as TP1. Trade details are as follows: Trade Setup: Bearish Cypher Price...

joelduque Oct 22, 2018

GBPUSD has been on a downtrend and completed a bullish bat. Upon confirmation of the bullish bias, I will go long for a pullback of the downtrend. Stop loss is just below the X point while 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 1.29563 SL 1.29165 | SL...

joelduque Updated  Oct 22, 2018

2018Oct20 EURAUD H1 Bearish Cypher EURAUD has been on a downtrend and a bearish cypher has completed. Upon confirmation of the bearish bias, I will go short. Stop loss has the same number of pips as TP1. The take profit target is set at the 61.8 Fibonacci retracement level of the leg CD. Trade details are as follows: Trade Setup: Bearish Cypher Price Entry...

joelduque Oct 18, 2018

NZDUSD has been on a uptrend. It recently broke out of the trendline support. As I am expecting a pullback, I am placing a sell limit order. Stop loss is just above the X point while the take profit target is set at the 61.8 Fibonacci retracement level of the leg AD. I will cancel the pending order if price goes to TP2 before it gets triggered. Trade details are...

joelduque Oct 18, 2018

USDCAD has been on a recent uptrend and price is currently in the potential reversal zone of a bearish cypher. Upon confirmation of the bearish bias, I will go short. The take profit target is set at the 38.2 Fibonacci retracement level of the leg CD. The stop loss has the same number of pips as TP1. Trade details are as follows: Trade Setup: Bearish Cypher Price...

joelduque Oct 17, 2018

EURNZD has been on a recent downtrend and completed a bullish bat. Upon confirmation of the bullish bias, I will go long. Stop loss is just below the X point while the take profit target is at the 38.2 Fibonacci retracement level of the leg AD. Trade details are as follows: Trade Setup: Bullish Bat Price Entry 1.75310 SL 1.74748 | SL pips 56.2 TP1 1.76829 | TP1...

joelduque Oct 16, 2018

NZDJPY has been on a downtrend. D point has been completed with the formation of a bearish bat. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point while the take profit target is at the 38.2 Fibonacci retracement level of the leg AD. Trade details are as follows: Trade Setup: Bearish Bat Price Entry 73.758 SL 73.993 | SL...