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nzd cad downtrend continuation.Hey, traders. Can you see a downtrend installed on nzdcad? 90% of traders will agree with that. But why so many peaople fail if they can define a trend so easy? Look for the answer in my latest youtube video: youtu.be
Feel free to comment, press like and follow. See you next week
Gbpjpy short opportunity + Forex Market Forecast videoHello, traders. This week I do not have any new ideas for you. Those Ideas from the last week are still active. One of them is this gbpjpy shor opportunity. See others in my youtube video that I attached to this chart. Some of them already triggered. Here it is youtu.be I called it "The most imp [ortant thing in trading". And it really is very important. So, whatch it, subscribe and leave comments
Click like and follow if you find the information iteresting. Untill then, see you next week.
USDJPY 1 Hour: Potential Bullish Bat FormationSince last week's trading was pretty rough I'm ooking forward to the opportunities that present themselves this week. For you NBA fans out there this has got to be how the Golden State Warriors feel tonight after suffering the biggest upset in NBA history to the Lakers yesterday.
Her eon the USDJPY is a potential bullish Bat Formation completing at 112.42. i'm closing down the charts for the night in order to spend time with the wife and kid so we'll see when i wake, what actually happens with this potential setup.
Akil Stokes
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EURJPY: BATOn FX:EURJPY , the market is not trending . However, the harmonic bat pattern appears which gives an opportunity to go short. The price was going up on Monday and the next swing high is a good level buyers to lock their profits and sellers to step in. This will result to price dropping.
T1 - 38.2%
T2 - 61.8%
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HKDEUR descending triangleA nice descending triangle with 7 touch points. My backtesting has shown me that often the oscillations get closer as the triangle gets closer to its apex, and we see here that this behaviour is very strong.
The key here will be the open of next weeks trading, where we will see whether it will break above the descending line and ruin the triangle or if the market will start in a downtrend and move towards the support line.
If there is another move towards the support line I expect a break and will go short. (I am currently testing profit-taking at previous structural forms.)
Short opportunities on usdcadHey, traders. I already posted the similar setup today. I am going to take both of patterns one by one if they complete. Stops need to be placed beyond X. Have a nice day.
Have a look at attached ideas. clisk like if you find the information usefull. Follow me if you do not want to miss my new ideas.
Good luck
Two opportunities to get long on nzdcadHey traders. In this kind of setups we have two opportunities to get long. I call this setup "Revenge Cypher". If the Gartley loses then I will take a cypher. Because the Cypher is larger than the Gartley its profits cover the loss of the Gartley and overall we stay in profit in this situation. The two of them also can win. Or the two of them can lose. There's another option: the Gartley wins and the Cypher never has a chance to complete. Keep in mind that these setups are no way interconnected. The outcome of the first no way influences the outcome of the second.
I usually set two trades. Traditionally stops go beyond the X point. Originally, Gartley was designed to retest A-point. But I use 0,618 of AD. In Cyphers I use 0,618CD for target.
Check my other ideas
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POTENTIAL BULLISH CYPHER PATTERN ON EURCAD Another cypher pattern is emerging on EURCAD this time on a smaller time frame 30 min... If Pattern completes i will go Long.. Lets see what the market does tomorrow.
And also there's a potential bearish cypher pattern on the 4 hour be on a look out that one as well.
GBPCHF cyphersJust missed the cypher on Friday with this pair. Hopefully we can make up for that by completing the bearish cypher (orange) while we consolidate in this ascending wedge pattern.
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