Hi guuuuys! Haha. You must be tired of seeing so much of me by now. Super sorry for that.
I can’t sleep because I watched the Haunting of Hill House. And now, I’ve been trying to keep myself busy so as not to hear and see stuff. Huhu.
As you all know, I’m currently trying out the HLHB system:
It’s been a blast so far! But I thought it would be fun to explore other trading styles that could work for me. Given that, I’ve decided to give my short-lived love affair with chart patterns a go!
In this new thread, I’m going to share my trades based on the patterns I see. I understand that these could be very subjective so please please feel free to let me know your interpretations too! Please keep in mind that I am in NO WAY an expert on this. Whatever I share here are my own personal interpretations and they could be wrong most of the time. Lol
If for HLHB I focus on EURUSD and GBPUSD, I’ve decided that I’ll focus on USDCAD and AUDUSD for this thread. Just to be a bit organized.
Alright! Let’s get it oooon. Let’s have some fun with patterns. Please share if you have any!
Oh! Btw. I’d still be constantly updating my HLHB thread so you’re just gonna see more of me. I guess I’ll update this thread whenever I see chart patterns that I think have potential.
Speaking of chart patterns that have potential, here is what seems to be a double bottom for AUDUSD.
For this one, I’m gonna put in my long position just above the neckline at around .70882 and I’ll put my TP @.71148 (just about the same height as the double bottom.) My stop loss would be at 0.70808 which is the opening price of the last candlestick.
Alright! Let’s see how this goes. Waiting for it to hit .70882 and I hope I don’t fall asleep before that.
The beginner's guide to FX trading