See how good you are at predicting the following scenarios and their outcome.
Quick instructions:
Each image represents a currency at a given time and timeframe. Supplied with information such as time of day and upcoming or released news. The images are part of my daily chart reading exercise and are taken just before a market move, but that’s where the easy part ends. Your challenge is to anticipate where price is headed next and how far it’ll go.
Interesting way to trade. Does this count as a valid pattern? The candle hasn’t closed yet so am i right that it would need to close in a way that the line graph ends on a 90 deg angle just to keep the pattern symmetrical?
So assuming it closes in properly and is tradeable, the entry would be below the wick of the final candle, the stop would be the high of the pattern and the PT would be the high of the first red candle that started the pattern?
we had some live discussion on recent big swings; including Gbp/Usd rally and drop back again reaping easy 200pips+
and now sitting on a Usd/Jpy rocket to the stars. check the pix below
I found good results on Aud,NZD and Jpy pairs during Asian session. Some are really big movers especially if you catch a top/bottom from the faster time frames 1h and lower
After rebounding lately we see a great reversal signal that has the potential to drop prices on this pair. This ZP is still in play which fired off from the pb. While classical tp are safe to take I’ll be hunting for 0.7250 and lower if there is a real push.
What a beautiful ride. Risked 20 pips , raked out 200!
Posted it originally here and commented on entry and management here
Don’t let these monster moves slip through your hands folks. That’s easy money. Smart money was positioning lower all week last week. Just to pop it open here. All you had to do was to jump on the money train like a boss!
This pair is stealing the show lately and making me hold my breath for a monster breakout.With convincing rejections on the daily I believe there is a chance for prices to reach 86.00 and possibly higher. I’ll be hunting for longs.
Original post here