joelduque

joelduque

EURUSD has been on a sideways movement with a bearish bias as price has been below the 200 SMA on D1 timeframe. It has completed a bearish bat and was rejected at D completion. As such, I am placing a sell limit order at 1.14751. 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. I will cancel...

joelduque

Tentative details are as follows: Trade Setup: Possible Bearish Bat Price Entry 129.103 SL 129.344 | SL pips 24.1 TP2 128.187 | TP2 pips 91.6 RRR2 3.80

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CHFJPY has been on a recent downtrend and has almost completed a bullish cypher. 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. Stop loss has the same number of pips as TP1. Tentative details are as follows: Trade Setup: Possible Bullish...

joelduque

CADCHF has been on a strong downtrend and is near formation of a bullish bat. This is in confluence with a trendline support. There is 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 61.8 Fibonacci retracement level of the AD leg....

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USDJPY has been on a sideways movement and recent downtrend. It is near formation of a bullish bat which is in confluence with a trendline support. There is an RSI bullish divergence seen. 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 61.8 Fibonacci...

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USDCAD has been on an uptrend but has broken its trendline support. There is a double top with broken neckline. I will place a sell limit at the 61.8 Fibonacci retracement level of the right top to the swing low. This is in confluence with the broken trendline support. I expect that level to hold upon retest. Stop loss is just above the right top. The take profit...

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AUDCHF has been on a recent downtrend and formed a double top with broken neckline. There is also an RSI bearish divergence. I am placing a sell limit order at the 61.8 Fibonacci retracement level of the right top to the swing low. The stop loss is just above the right top while the take profit target is at the swing low. I will cancel the pending order if price...

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EURJPY has been on a sideways movement. I am looking to go long upon completion of a bullish cypher which is in confluence with a trendline support and confirmation of the bullish bias. 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 TP1. Tentative details are as follows: Trade Setup:...

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USDCAD has been on an uptrend. As I am expecting this to continue, I am looking to go long at the 127.2 Fibonacci extension of the leg BC which is within the D completion of a bullish AB=CD. It is in confluence with the 78.6 Fibonacci retracement level of the upswing. Stop loss is just below the swing low. The take profit target is set at the 61.8 Fibonacci...

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NZDUSD has been on an uptrend. It has broken out of a downtrending channel. As I am expecting the uptrend to continue upon retest of the trendline support, I am placing buy limit order at the 61.8 Fibonacci retracement level of the upswing. Stop loss is just below the swing low. The take profit target is set at the swing high. I will cancel the pending order if...

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CHFJPY has been on a recent uptrend and completed a bullish Gartley. There is an RSI bullish divergence seen on H1 timeframe. Upon confirmation of the bullish bias, I will go long. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. Stop loss has the same number of pips as TP1. Trade details are as follows: Trade Setup: Bullish...

joelduque

NZDJPY is on a sideways movement from an uptrend. There is an RSI bearish divergence seen. It can complete a bearish butterfly around a trendline resistance. This pattern is in confluence with a bearish bat having a similar potential reversal zone. Upon confirmation of the bearish bias at that level, I will go short. Stop loss is just above 161.8 Fibonacci...

joelduque

USDJPY is in a recent uptrend and near completion of a bearish bat around a trendline resistance. There is an RSI divergence seen. Upon pattern completion and 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...

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USDCHF has been on a recent uptrend with an RSI bearish divergence. There was a break of the short term trendline support with a bearish engulfing pattern. Therefore, I am placing a sell limit order at 1.00357. Stop loss is just above the swing high while the take profit target is at the 38.2 Fibonacci retracement level of the long term upswing. I will cancel the...

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EURCAD has been on a recent uptrend and completed a bearish butterfly. There is an RSI bearish divergence seen. I am looking sell at a higher price, still within the pattern completion, as it is in confluence with a trendline resistance and gives a better RRR. Upon confirmation of the bearish bias at that level, I will go short. Stop loss is just above the...

joelduque Updated 

AUDCHF has been on an uptrend and completed a bearish bat around a trendline resistance. So far, price has been rejected at the potential reversal zone. Also, an RSI bearish divergence is seen. 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...

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NZDCHF has been on a recent downtrend. The bears have been more aggressive than the bulls leading to the formation of a descending triangle. Price has opened for the week with a gap down, effectively breaking the horizontal support. I am placing a sell limit order at that level, expecting it become a new resistance and hold upon retest. Stop loss is based on ATR x...

joelduque Updated 

NZDJPY is now in a sideways movement from an uptrend. It is near a trendline resistance and completion of a bearish cypher. Upon pattern completion and 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 TP1. Tentative details are as...