(CRAZY TRADING) Winning trades using STRUCTURE and PATTERNS

"the second one on the New Zealand Yen this is a trade that I discussed in yesterday's video potential trade setups episode 2 which I'll also Link in the description below both of these trades ended up being pretty nice winning trades"

"the first one on the pound dollar the analysis was discussed in structure-based trading episode 6 which will be linked in the description below"

"the second one on the New Zealand Yen this is a trade that I discussed in yesterday's video potential trade setups episode 2 which I'll also Link in the description below both of these trades ended up being pretty nice winning trades"

"the first one on the pound dollar the analysis was discussed in structure-based trading episode 6 which will be linked in the description below"

"this Market has done something similar to the dollar Yen we've actually broken through our previous level that we expected to become support right here and we've now pulled back into that level"

"so guys here's a good example of using this analysis to point out a good area to look for a trading opportunity we now have our area and we're on the 4H hour chart but we do not yet have any inclination or any hint that the market is going to go any lower"

"here on the 4our chart some examples of things we may be looking for is maybe some type of retest here at this area and some kind of Entry candle on that retest we also could see some kind of flag or triangle pattern in this"

"as you can see based on that analysis this Market did end up putting in an entry reason because not only did we get our initial test here we also got a pullback and retest just as discussed and we did end up getting an entry reason in that area"

"so since we had two red candles in a row let's pretend that's something we've tested throughout historical data and we see that it's been a proven to be profitable entry reason when the market's at these major levels of structure"

"since doing that as you can see the market did end up pushing down all the way to what our blue line and if you've watched some of my previous structure-based videos you know that the Blue Line indicates a level of daily support that's been tested multiple times"

"this Market has pushed down into a previous level of support that was tested multiple times on a daily time frame right here and then pushed up very quickly from that level"

"this Market pushed up with an impulsive move from a previous daily level of structure and now has begun to create a period of consolidation"

"the two things that I'm hoping for is that we either break out to the high side and give me an opportunity to go long from this daily level of support pushing up or the market continues lower"

"if we do break out to the upside of this triangle then I will consider reversing my position completely considering that we just bounced off that daily level of support"

"we were talking about this possible simple pattern here and the reason for me being interested in this trading opportunity is because we were bouncing off of this daily level of support with an impulsive move up right and then we started to create this period of consolidation"

"I said that I would be considering this as a trading opportunity if we broke out of this period of consolidation which we did last night and I went ahead and placed an order I went ahead and bought this market up currently we've hit our first targets that were set at a 1 to1 risk reward"

"we'll be waiting to see if this Market can push even higher off of this daily support level hopefully all the way back up to our daily resistance which would give us a pretty good profit on this trade here on the pound dollar"

"the second one on the New Zealand Yen this is a trade that I discussed in yesterday's video potential trade setups episode 2 which I'll also Link in the description below both of these trades ended up being pretty nice winning trades"

"the second one on the New Zealand Yen this is a trade that I discussed in yesterday's video potential trade setups episode 2 which I'll also Link in the description below both of these trades ended up being pretty nice winning trades"

"all right guys so here we are on the New Zealand Yin 1 hour time frame and the trade you're looking at on your screen this Advanced Cypher pattern is the trade we took a look at in the previous my potential trade setups video it was episode two"

"here since we've already got our move down I'll be looking for a few different things it's going to be a very similar setup to last week's potential trade if we pull down here you can see we get more than a 382 retracement there from X down to a we're going to be pointing out an advanced Cipher pattern here if I bring on my extension tool from X to a and back up you can see that we get that 127 extension without closing below"

"and now all we need is the market to push up to our 786 retracement to complete this pattern so similar to the euro dollar trade from last week for this potential trade setup we'll be waiting on this Market to push back up into an entry on on this Advanced pattern"

"here we are back on the new Zeal indan chart before we discuss this actual trade that happened let's take a look at some other reasons I was involved or wanted to be involved at this level we're on the hourly chart now but if we zoom out to the daily chart and we take a look in the past here at this level you can see how much structure we had back here at this level we were looking at a place in the market that was previously support out here on the daily chart and had been tested as support multiple times and been pushed back up by the market meaning that this is a level of structure the market had respected in the past"

"dropping down to our 1 hour time frame you can see that that trading opportunity came as a cipher pattern as we discussed in the analysis in the clip I just showed you guys and the market did push up eventually hitting our entry on this Cipher pattern and after hitting our entry push down to actually hit both targets at the 382 and the 618 retracement for around 65 Pips on this trade"