ilmscore | Forex Trading - How to trade Forex ( a weekly review of my strategy ) Advanced patterns

Forex Trading - How to trade Forex ( a weekly review of my strategy ) Advanced patterns

Published: 2015-11-20
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
The speaker bought Dollar CAD based on a specific candlestick pattern and a favorable risk-reward setup.
"I actually bought the market right here on this dogee candle. And I had a risk-reward setup that looked something like this."
USDCAD
Pending
The speaker closed their long position on Dollar CAD at the D-leg of a cipher pattern and initiated a short position at the same level.
"I decided to take profits from my trend continuation trade right here at the Dleg of the cipher pattern and stop and reverse my orders from being a buyer from down here to a seller right here to going short at the Dleg of this cipher pattern."
USDCAD
Pending
An advanced trading pattern (likely a harmonic pattern like a Bat or Crab) is identified setting up on Pound Dollar, with specific Fibonacci retracement levels mentioned for completion.
"Here on the pound dollar, we actually have an advanced pattern setting up. And you may already see this if you're a more advanced trader, but just in case, I'll draw in the Fibonacci and bring in my triangle tool. We have X to A, A to B, coming above the 50% retracement here, B to C, and CD completion at the 8.86."
GBPUSD
Pending
The speaker anticipates a potential bullish move on Euro Pound if the price breaks above structure highs and then retests them as support before rallying to previous highs.
"And considering what we see on the chart here, what do you think that decision may be? My thought after putting in all these long candle wicks again here at this area and this small rally we've gotten out of this area before is that we could see something like this out of this area. And that's what I would be waiting on. I don't want to buy yet because I'm not sure if this level's going to hold. But if we break above these structure highs and then pull back into them into these structure highs or even a little lower, that's when I would be interested in buying the market in anticipation for at least a retest of these previous highs."
EURGBP
Pending
The speaker is looking for a trend continuation trade on Aussie Dollar, anticipating a pullback to a specific structure level for a favorable risk-reward entry.
"What I'm looking at going into next week is going to be a trend continuation trade coming back down in to this structure level right here. And this is going to set me up with a really nice riskreward if we get back down here."
AUDUSD
Pending
The speaker expects Aussie Dollar to retrace to a support zone and then rally to retest a previous resistance level, presenting a trading opportunity.
"We're looking for a retracement back down in to this pre anywhere between these previous resistance levels and this previous support. If we get down there, then we're going to expect the market to at least come up and retest this resistance level right here. And that will bring us another decent trading opportunity next week."
AUDUSD
Pending