Bearish in USDCAD?Hey traders, perfect setup for me on USDCAD. On all timeframes we can see beautiful pressure from Bears on this currency. On 4H timeframe we got double top pattern, and from that point we see beautiful impulse to the downside! Right now we got a flat flag (continuation pattern) and nice support level on 1H timeframe. Actually we already broke that level so waiting for a pullback, and gonna try to open the order! So my target on this one 1.3000! What do you think...?
Takeprofit
My Todays ETH Trading RangePeople ask me what the colored lines on my chart represent, in most cases its: Red Line = Resistance, Green Line = support, Black Lines = My Entry point, stop loss and sell points. I do my charting off hourly candles so please do not try to repeat trades already placed as resistance and support levels can change quickly. Hope this helps.
SPX 500 MIDWEEK UPDATE 09 09 2020Hi Traders,
can you believe how nasdaq100 is behaving.
Great right? Only great if you saw the NAS support being broken and took the sell trade and filled TP1 and TP2. so if you did you could have made a minimum of 233 and 400 pips, which is easy over $600 on a 1.0 lot size.
Anyway Traders, follow the signals of support and resistance on the video and take your trades accordingly.
Bottomline is We know our Numbers.
We will do an update just as the market closes this week.
Cheers to your Profits !
Three Drives Harmonic Chart PatternThe three drivers chart pattern is a well known harmonic chart pattern that acts as a trend reversal. The pattern consists of either three higher highs or lower lows which is an indication of a potential trend reversal.
There are two different types of three drives pattern:
Bullish
Bearish
Bullish Three Drives Pattern
There are three different waves in the pattern as the name suggests, three drives.
With the subsequent drives, there are lower lows that are being formulated in the pattern with three different bottoms.
Once the third wave is completed and the low point has been observed, a buy signal can be created with formulating the Fibonacci levels and generating the buy signal with a Fibonacci extension of 1.27 or 1.628.
For the stop-loss and take profit levels, you can formulate a new Fibonacci level with the start and end of the pattern and keep 161.8% as the stop-loss level and 61.8% as the take profit level.
The important point that confirms the drives is a similar time period between the uptrend after the 1st wave and 2nd wave also a similar time period between the 2nd wane and 3rd wave for the downtrend.
The bearish three drives pattern is completely opposite of the bullish three dives pattern and can be spotted in a similar manner.
The three drives pattern belongs to the family of harmonic patterns and thus makes use of not just chart patterns but also technical retracement levels to validate the pattern. A three-drive pattern that does not meet the retracement criteria can be discarded.
The pattern is therefore qualitative as well as quantitative in nature.
----------------------------------------------------------------------------------------
If you find the post useful, please like and share our ideas with the community!
- Mudrex
DOWN ON UPTREND LINE THEN PULLBACK UP - VERY SOON - AAPL - DAILYFrom the last analysis on the AAPL we can see that the market has decided to get out the range on 30MN for a very long uptrend.
The last decisions have impulsed the price of AAPL in an exponential move.
BUT, we have seen last week a push from sellers, a very strong one, probably showing a zone in which you can start thinking of taken your profits.
The former resistance center dark blue uptrend line becomes now a strong support. The is strong probability to see the market coming back to it for a pullback.
Still, the market have some room to another horizontal level, less like ly to happen now, but still possible, it is markets by a black dotted line with red dots at the end. This level has been the key point where the buyers kicked out all seller. They then disappeared, now they are back but different people, those present now are the ones getting there profits from the last exponential move.
The next month will see some nice movement on AAPL, all the red lines on the graph are probable good entries for a long direction trade, that is why this post will be market as a LONG direction probable trend overall even if we will see a little slope before the next rise.
GBPCHF BULLISH MOVEMENTQuick scalp on GC tonight, I have 2 take profits set, but i'm expecting price to keep rising to maybe around the price of 1.21-1.22 ; it will most likely be some pull back at some point, but I personally do not think it will be a reversal. What do you guys think? Leave it in the comment!
GBP/chf take profit hit!! wonderful trade!!Hello Guys, This is a quick break down of the pair and my perspective on the market, let me know in the comment section below if you have any questions, what you would like to learn from me, or anything of value that you wanna share,All entry will be based on multiple confirmation as stated on the videos, I suggest you keep this pair on your watchlist & use proper risk management.
Follow me for more updates here!!
GOLDEN PROFITSGood day, snipers. Our previous analysis played out well on Gold and still going up. TP 1 was hit just as said on my previous analysis and just went to 380 pips. Place SL at entry for a risk free trade. Don't forget to take partials. Enjoy the free money, my students are!
Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up.
Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
GET THE BAG SNIPERS!
AUD/JPY Take Profits 40 PipsGood day, snipers. Our previous analysis played out well and now we banked 40 pips so far. I placed stop loss at entry now and let's see if this thing continues to SKY ROCKET
Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up.
Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
GET THE BAG SNIPERS!
CAD/JPY Take Profits 32 PipsGood day, snipers. Our previous analysis played out well and now we banked 32 pips so far. I placed stop loss at entry now and let's see if this thing continues to fly to the sky
Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up.
Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
GET THE BAG SNIPERS!
USD/CAD Take Profits 34 PipsGood day, snipers. Our previous analysis played out well and now we banked 34 pips so far. I placed stop loss at entry now and let's see if this thing continues to melt.
Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up.
Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
GET THE BAG SNIPERS!
#XAUUSD - $1800 profit target hit on GOLD... whats next?All profit targets achieved.... bullish above 1800 but we could get a sweep of the lows around 1790 to clear out some weak longs... longs invalid if for some reason we dip below 1775 then we re-evaluate but its paid well to be a gold buyer and ill continue to do so until I see differently
CMP 1804 pre NY 7/8/2020