HEY GUYS!
After a lot of time of no updates, I am back with many analysis, trading plans and signals. For those who remember, I started the thread about the 5Min Channel Scalping...
Anyway, my trading plan for the next week:
Some nice patterns I have noticed:
http://4.bp.blogspot.com/_Zrd_lB3pUm...320/gbpjpy.jpg
In the GBP\JPY, there's a nice wedge which also confirmed with an 61.8 retracement. I expect the GBP\JPY to go up, breaking the wedge and continue, passing the 100% of the trend. There's a possibility of a gap at the opening.
http://3.bp.blogspot.com/_Zrd_lB3pUm...320/eurusd.jpg
Also, a wedge in the EUR\USD, which is expected to break down. Do not enter at the pullback, this usually not a profitable entry.
http://2.bp.blogspot.com/_Zrd_lB3pUm...320/audusd.jpg
The Wedge seems to be a big player these days. Another one at the AUD\USD. Note that this one also looks like channel, so in case of breakout I will trade short on the pullback to the support line. Expect a gap -> pullback very shortly after.
All trading plans and analysis is also posted at my blog. I do this for no profit, so this is not any kind of advertising or something of that kind...
GOOD TRADING!!!
After a lot of time of no updates, I am back with many analysis, trading plans and signals. For those who remember, I started the thread about the 5Min Channel Scalping...
Anyway, my trading plan for the next week:
Some nice patterns I have noticed:
http://4.bp.blogspot.com/_Zrd_lB3pUm...320/gbpjpy.jpg
In the GBP\JPY, there's a nice wedge which also confirmed with an 61.8 retracement. I expect the GBP\JPY to go up, breaking the wedge and continue, passing the 100% of the trend. There's a possibility of a gap at the opening.
http://3.bp.blogspot.com/_Zrd_lB3pUm...320/eurusd.jpg
Also, a wedge in the EUR\USD, which is expected to break down. Do not enter at the pullback, this usually not a profitable entry.
http://2.bp.blogspot.com/_Zrd_lB3pUm...320/audusd.jpg
The Wedge seems to be a big player these days. Another one at the AUD\USD. Note that this one also looks like channel, so in case of breakout I will trade short on the pullback to the support line. Expect a gap -> pullback very shortly after.
All trading plans and analysis is also posted at my blog. I do this for no profit, so this is not any kind of advertising or something of that kind...
GOOD TRADING!!!
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