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TRADE SETUPS COMING UP

DaddyPapi Posted 6 Mar.  in #Trader's blog #4H Chart #Consolidation #Daily Chart #Range #Yen Pairs
The EURO JPY and CHF JPY have given signals on their Daily Charts to begin bullish breakouts over the next few days. The Daily Charts had formed Consolidation patterns as they moved sideways over the last several weeks and now appear ready to start a new uptrend. Trading them aggressively can give 180 to 200 pips each and 360- 400 together.

EURO JPY - DAILY CHART
The next major target would be the Resistance of 145,67. An identical patterns can also be seen on the CHF JPY. In this case, the Res…
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Convallium avatar
Convallium 6 Mar.

thank you, for your vision) so all other depends from trading parameters and our capital)

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MISSED GBP USD TRADE

DaddyPapi Posted 13 Feb.  in #Trader's blog #GBP USD #Support #Resistance #Range #Candlestick Formation
There was a very nice 200-Pip opportunity that slipped my grasp on the GBP USD this week. The currency pair had given a Bullish Candle Signal on the Daily Chart as it started its move to the Resistance of the Range that was being formed. I had overlooked this because my attention was focused more on the breakout that would take place after the Range was formed, not realizing that a handsome gain was being offered as well.
DAILY CHART
As the currency started to form the second Support point to co…
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GBP USD Range Breakout

DaddyPapi Posted 1 Jan.  in #Trader's blog #Breakout #Consolidation #Pennant #Range
GBP USD looks set to start the new year on high with a rally looking to take place in the next few days. Daily Chart was moving within a range, Resistance 1,6460 and Support 1.6319 and just broke the Resistance with a bull candle. This could take the GBP to at least 1,6900 by the middle of next week. This is a significant breakout, because its also breaking out from a much larger Consolidation that was formed after the reaction to the Financial Crisis of 2008 and the safe haven buying of the US…
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