soldierducky

soldierducky

target at 0.8546

soldierducky

Tad risky to trade during the greece fiasco. remember to put on stops!

soldierducky

Beautiful inverse head and shoulders. profit target set at 0.700000 and stops placed below right shoulder.

soldierducky

Head and shoulders reversal. I like how the EMAs align. Kinda like how the stars and planets align haha How do you plan the trade it? EMAs and Pattern is bearish.

soldierducky

Yeah! Market is open! What's better than 1 pattern? 2 patterns!!! Inverse head and shoulders and ascending triangle spotted! How do you plan to trade it?

soldierducky

Are you ready for the NFP rate hike? Seems like this pattern is predicting a huge spike. Direction is unknown. However, the EMAs and the patterns dictate that you should take a short position. NZDCHF correlates to NZDUSD so do be careful. I have observed that NZDCHF to be less volatile than NZDUSD so if you are looking for less volatility you might want to trade...

soldierducky

Descending triangle spotted.

soldierducky

Not a very good pattern but you can try this ascending triangle.

soldierducky

I like this formation. Usually I find success when the patterns are tight and bouncing off the trend lines vigorously. Also, when EMAs converge (and this is a countertrending pattern) this usually mean it's time for a trend change. I Hope this goes down well. If it doesn't I may need to recalculate the profit target for an upside breakout. I need to recalculate...

soldierducky

Descending triangle spotted. If break out is successful, my profit target would be 0.7419. Recently I have been learning to double down. Whenever a pullback occurs and the trend continues I double my position and then trail with stop loss. Chart patterns are a probabilities game. If your chances are high why not take it? EDIT: Got stopped out! Market got...

soldierducky

Ascending triangle spotted. Profit target at 0.9572

soldierducky

This one is interesting. There are 2 patterns in this formation, an inverse head and shoulders and an ascending triangle. This should be a very a strong confirmation of a bullish signal Profit target: 0.9000 Put the stops just below the right shoulder if you are conservative, if not you can put rather tight stops. Excellent RR here

soldierducky

DESCENDING TRIANGLE spotted. Wait for the MA to compress and range. That usually means the volatility is building up before exploding like a compressed spring. You can use Bollinger Bands if you want but they are quite untidy on the charts. Profit target:1.3535 (green line) I'll calculate separately if the pattern fails and goes up. I need to know where the...

soldierducky

No idea where this will go but I am expecting a huge move up or down.

soldierducky

Some key levels found in SPY. Really choppy.

soldierducky

Something for the Asian Session! Catalyst could be the Australian Building Permit News but the impact might not be enough. An inverse head and shoulders is spotted. Price target is set at 1.076383 and stops at 1.06391 (right shoulder). Be careful when counter trending esp when the price is below the 200 EMA. If you are feeling pretty brave you can buy as it...

soldierducky

Descending Triangle Spotted. Good crossing inside the pattern. This is a tall pattern. You can set TP really low at about 0.68280 based on the measure rule. EMA agrees on a downtrend. Are you going to trade it? Personally, I'll wait for a breakout with a few candle confirmations.

soldierducky

Wow market really respected the levels and trend lines! Symmetrical Triangle broken. Pull back was beautiful since there is a high probability of a pullback each time a triangle pattern is broken. Looking for market to pull back to around 1.53772 or Fib's 0.764 level since key support is broken. Will short the bounce