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HEAD AND SHOULDER PATTERN ON GBP/JPY - June 2020YO TRADERS, This is just an educational post. Just thought of sharing how this HnS pattern formed and moved in the direction as expected. The video recorded is self explanatory on the formation of the pattern (Left shoulder - Head - Right Shoulder) formed between 3rd June 2020 and 11th June 2020. As you can see in the video this is perfect HnS pattern forming on the 4H pattern. While this pattern is a perfect text book example, HnS patterns do not always turn up like these. But when they do its important to make the most of it. After taking entry at the Neckline and price rejection the price moved 450+ pips in the downward direction before moving up again from the daily trendline. This is a positional trade and to achieve the max out of this you had to hold on to this trade for at least 10 days. The best way to maximise this was to use a trailing stop and then chill. Hence, its always important to look out for such patterns being formed and most importantly identify them. The no of trades you take are not important but the quality of one trade and riding on the profitable trade like this can make you a successful trader. Hope this was useful. Please like, share, comment and follow. Thanks Madtradex
Education
by Madtradex
Post Trade breakdown on GBP/USDWhat's going on traders, Here I'm going to give a quick overview of the long term trade I took on GBP/USD. Here we're looking at GBP/USD on the 4H time frame. As you can see we have a falling wedge forming on the 4 Hour time frame on the pair. I was watching closely what price was doing. Price was begging to respect well-known zones that I had marked up from past trades. I have circles my 3 touches I found to confirm my falling zone. Once we had a breakout to the upside of this falling wedge I knew I was going to begin to look for a clean entry. Price shot up and bounced back down to a previous zone I had marked up. This was a perfect entry spot for a long position on the trade. Once I saw this form and had candles closing above I made my Entry on the trade. Now as far as TP levels go. I found 3 different TP levels within this trade all based on all the zones I had marked up. I placed my entries and rode the trade to my First TP that hit at 100+ pips, My second position on the trade went to 230+ pips and finally the third position went for 300+ pips. Overall this was a long term trade that did take some time but it did play out nicely. Have any questions or comments on this trade? Comment below or message in the group messages! Take care traders, Read the full post here officialmarketiq.com
by loganMullinix
EUR/USD Post Trade Breakdown Hello Traders, Here I've got a Post Trade Analysis and breakdown on a trade I took for EUR/USD. Remember, this is a post-trade. Meaning this trade for me has ended so please do not take this trade as it is not current and I have closed my positions. This is just for educational purposes showing you what I did with this trade and what I saw. To start off I was Looking at EUR/USD on the 4H & 1H. I found a Rising wedge formation indicating I could see a short on the pair. I put this pair on my watch list and was waiting for the breakout. As we know a rising wedge in a downtrend does suggest a continuation in the previous trend. I saw a decent Zone at the top of the wedge around the area of 1.09916. After seeing a clean rejection of this zone price was sent back to the downside and this is where we found our break of the wedge. As you can also see I found a trend line. It was a weaker trend line but it still played a role in my initial analysis helping me see a possible rejection. Below I have an image on the 4H what I was seeing and then I have a further breakdown of the trade on the 30 minutes showing my entry points. Here I have a screenshot showing the 30 Minute time frame on my trade on EUR/USD. I knew I was looking for a trade and movement to the downside. My next step was finding entry points to enter this trade. As we know when looking at patterns we have to look for the breakouts of the pattern. We found our breakouts clearly on the 30 minute and 15-minute time frame. When I find trades on the 4H & 1H I find my entry points typically cleanly on the 30 Minute and 15 Minute time frames. Here I found my breakout of the pattern with two entry points. As you can see I have two zones marked up with Green. For my first entry on the trade, I found some Pin Bar candlesticks around my first green zone of 1.09370. As we also know when we see a pin bar at a resistance level it suggested to me a move to the downside. So this was my first entry on the trade. Now I quickly saw possible levels of support and resistance where we could see price slow down. (MY Second Green zone). My second entry point on this trade was at my green zone around the 1.09161 level. I once again saw a pin bar formation here at the resistance level showing a move down was in order. I made an additional trade entry at this point. Overall I caught 70 + Pips from my first entry and roughly 50+ from my second entry. Like I said this trade is now over and complete. If you have any questions on this trade breakdown and post-trade analysis please comment below or ask in the telegram!
Education
by loganMullinix
USDJPY LONG POST ANALYSIS USDJPY POST ANALYSIS (FROM 8/26) I had posted a trade on August 26th for a potential long on USDJPY. When looking at this pair I had seen that overall on the Daily time frame it had been an a uptrend. Trading is all about probability so I used the fact that price is more probable, if buyer interest is shown, to go to the upside. The Daily chart had displayed to me that price was failing to break and hold beneath the 110.700 price area. Every trade I approach it as a strategic business decision and this pair had displayed to me that it would be a probable, strategic trade to take advantage of. After seeing the 100% push by the buyers on the daily (w/momentum) I waited for a pullback to come in and for buyer interest to come back at the 110.700 handle so that the market showed me it was still interested in taking this pair long. Once I had seen that the buyer I was still interested I had entered some positions into the market at the 111.000 handle. This trade ended up hitting both targets for a total of 300 pip trade. All my setups I post are relatively simple and I always make sure to hold that approach with my trading because with simplicity and consistency it can be very POWERFUL. I also want to bring up the fact that momentum is a key factor in trading whether it is a reversal, fake-out, range, or trend continuation, the 4 market conditions I trade. Discipline is key as well. When trading stay disciplined to proper risk management as well as discipline with your emotions. Trust the process! Please like and follow my page for more trade setups and post analysis. I really appreciate everyone supporting me already ! More to come! Cheers!
by JosePips
3
NZDUSD SHORT TRADE POST ANALYSIS (1H)NZDUSD SHORT POST ANALYSIS I never posted this trade on TradingView but I wanted to make a post on it so you guys can see what an ideal trade may look like. I don't post every single one of my trades on this source due to the fact that it is a free source. BUT I want to be posting my trades on here for educational purposes as well. So for this trade setup I was watching this pair and had seen that NZDUSD had been down trending for a good period of time. On the 1H time frame I saw a very strong push down by the seller into recent structure/trend lows and then a very weak reaction by the buyers at the structure low. Most people would be looking to buy this pair at the low but since I use momentum to allow the MARKET to show ME a trade opportunity I saw a good fit here. On the 1H chart as you can see in the image I annotated I waited for price to come into the .66000 handle and waited for seller momentum to come back in at that level, to show me they were still interested. We had got that and EVEN got another weak re-test by the buyers giving us a good entry opportunity with good risk/reward. This trade setup was a success. Hope you learned something new! Cheers!
Short
by JosePips
2
BTCUSD LONG POST ANALYSIS BTCUSD LONG 8/11/18 On August 11th I had made a post on analysis for a potential long opportunity on BITCOIN/DOLLAR. I had based my analysis on the momentum that was shown by the buyer on the 1H Time frame chart. The momentum showed me that the buyer was interested in this pair around the 6200 price level. Whenever you see such strong interest in a financial instrument its something to take a minute to look at. The #1 sign of a reversal is POWER. So anytime I see a very clear distinct sign of some true POWER or strength from a buyer or seller I look for what opportunity it may bring about. This pair was sitting at a recent significant structure around the 6200 level. I saw the very strong push by the buyer on the 1H chart time frame. Even though BITCOIN has been in a downtrend since December of last year, it doesn't mean there are shorter term opportunities to go long. Based on the momentum on the 1H time frame chart and the momentum of the pullback I had decided to look for a long opportunity in this pair. NOW I usually don't give this good of a tip for free but I appreciate everyone who supports me on here so here it is; WHENEVER THERE IS A SIGN OF A REVERSAL TO GO IN THE OTHER DIRECTION ALWAYS LOOK FOR A POTENTIAL FAKEOUT TO THE UPSIDE/DOWNSIDE BEFORE A REVERSAL OCCURS. As you can see with this pair there was a fakeout below that strong buyer before this pair had decided to rollover. Once this had happened BITCOIN went on the hit all 3 targets from 6580, 6700, and finally hitting 6900 level on August 22nd (my birthday;). Price was holding structure at the 6200 very well for over a week giving multiple opportunities, if taken, to get in this trade. For everybody that did then cheers! On to the next one. Cheers! Please like and follow me for further analysis!
BITFINEX:BTCUSDLong
by JosePips
USDCAD LONG POST ANALYSIS USDCAD BUY ANALYSIS 1D Chart: *Strong buyer trend to the upside *Institutional buyers on daily with strong momentum 4H Chart: *Strong push by the buyers *Aggressive V-formation with strong buyer strength *Higher High Higher close on 4H chart 1H Chart: *Precise entry and exit Always make sure to have a trading plan. Stay discipline to trade what you like and always apply good risk model. Good risk/reward and never risk more than 2% of trading capital per trade. Cheers!
by JosePips
BTGUSD Neutral to bearish - next buy pointsBTGUSD Update Neutral to bearish near term Left this awaiting a successful break of the parallel to the upside having bought again around 290-288 - but the break was dud at 303 first resistance with a couple of tiny pin bars (like BCH, too) showing rejection....over about 3 hours so giving loads of time to see the top/resistance forming and therefore close out with meagre 5% profit (on top of 15 to 25% profits already banked on BTG this week alone - was banned for 12 hours last night so no updates for mistakenly uploading an LTC chart to gold chat room by mistake: Nazis in the gold room, beware) So now BTG is falling away down the parallel, not hot but not too cold either, like BCH right now. Ideally this will fall lower still, to 270 and could spike down to 262. Look to accumulate in this range with stops left below 252. Break Points Any break below 254 would be very bearish, opening the way for a good short back to 222-217 range (reverse here) A break above 308 is needed now (unlikely in near term) to trigger a long up to 320. More as this develops.
B
by sumastardon
1
AUDJPY Breaks From Rising Wedge, Targets 85.35Just two sessions ago the AUDUSD carved out a bearish pin bar from support turned resistance. The trade has played out in textbook fashion so far, and now it seems the AUDJPY is following in its footsteps with some bearish price action of its own. The rising wedge that extends from the December 2016 low broke down yesterday. These patterns often signal exhaustion and at least a correction of the current trend. However, yesterday’s close at 86.08 leaves me watching for a selling opportunity on a retest of the area as new resistance. As mentioned last month, key support from here comes in at 85.35 followed by 83.73. The upcoming CPI and PPI figures out of China at 8:30 pm EST could cause a stir. So you may want to keep these two events in mind if looking for an entry during the Tokyo session. Check the upside technical analysis. Performed by analytical expert: Urban Stamcar
Short
by FxcInvesting