A SurpriseBox was formed on the GBP/JPY daily chart 100sma (green line) and 50sma (blue line). This box may be broken tonight at the completion of the day. The broken box also seems to me like it is forming a head and shoulders pattern. If it continues at this level tonight, will start a position to the short side.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A SurpriseBox was formed on the CAD/USD 4h chart 200sma (red line). This box was broken at 8am est today. A position was initiated to the long-side. It was a cup and handle formation. It went fast toward our target, over 80 pips in less than four hours. Got out of the position with a profit.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A SurpriseBox was formed on the CAD/USD 4h chart 200sma (red line). This box was broken at 8am est today. A position was initiated to the long-side. It surly looks like a cup and handle formation to me. Target around 1.0300, recent high.Stop around 1.0050, just below the handle.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A SurpriseBox was formed on the CAD/USD 2h chart 200sma (red line). This box was broken at 8am today. A position was initiated to the long-side using the 800sma (purple line) as a target. A small position was placed as the box was not broken with a engulfing pattern.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A bullish engulfing pattern had formed on the GBP/CHF pair 8h chart as mentioned in previous posts. I got out of the position at 1.5850, fifty pips before the target but over 150 pip profit. Pigs get slaughtered. Longer term, this pair seems as it is going higher than the target as suggested by the three white soldiers formation on the daily chart. Will keep monitoring this pair for possible shorter term chart opportunities.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A bullish engulfing pattern had formed on the GBP/CHF pair. This went through the 200 sma (red line) SurpriseBox that had been broken to the upside. My stop is at the 1.5400 area. Target about 1.5900 area. We are more than halfway to the target.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
GBP/CHF New BoxA bullish engulfing pattern had formed on the GBP/CHF pair. This went through the 200 sma (red line) SurpriseBox that had been broken to the upside. My stop is at the 1.5400 area. Target about 1.5900 area.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
Out of the positionAfter the Employment News in the US a bullish engulfing pattern emerged on the 3h chart of the AUD/CHF. Since then the pair had made only mild increase in price and did not got close to my target. Today a new 50sma SurpriseBox was broken to the downside, contrary to our position. My initial stop was at the 0.9650 but due to the below formation, got out earlier with a loss.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
Range on engulfing patternAfter the Employment News in the US a bullish engulfing pattern emerged on the 3h chart of the AUD/CHF. Significant as it is in favor of the trend. After the formation, afew candles small encased by the large upside candle. Still expect to reach near target next week. Second chart is the 8h that confirms the engulfing pattern and break of the 50sma SurpriseBox.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
New AUD/CHF Surprisetrade - Post NFPAfter the Employment News in the US a pattern emerged on the 3h chart. The NZD/CHF and the AUD/CHF made a brake from the 50sma (blue line) SurpriseBox. This brake formed a bullish engulfing pattern. Target will be recent high about 0.9900 area on the AUD/CHF pair that I just entered a long position. A reasonable stop will be the 0.9650 area. The benefit:risk ratio in this trade is over 50%.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
New GBP/CAD SurprisetradeThe GBP
/CAD Pair presented a break from the SurpriseBox to the upside on the 8h chart. The original target of 1.6350 was reached. Unfortunally, it retraced to the box before rebounding and according to the rules of Booker the position should had been liquidated then. I got out with a 50 pip profit but it had gone 50 pip additionally before going down to present level.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
New GBP/CAD SurprisetradeThe GBP
/CAD Pair presented a break from the SurpriseBox to the upside on the 8h chart. The SurpriseBox was formed on the 8h chart around the 200sma
(red line). As predicted, the fed news brought volatility. Call me weak hands but I sold all my position near 1.6300 for a 20-25 pip profit. Will keep watching this pair for further opportunity.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
New GBP/CAD SurprisetradeThe GBP/CAD Pair presented a break from the SurpriseBox to the upside on the 8h chart. The SurpriseBox was formed on the 8h chart around the 200sma (red line). The 50sma (blue line), representing the top of the box, was broken with a green bullish candle. About a 50:50 trade will be to go long about 08:00h est today if price still around this level. Target will be the 1.6350 area, a reasonable stop will be the 1.6125 area corresponding to the bottom of the box. I already placed a small trade. Plan to add at 08:00h. Today is fed day in US so, this evening may present increased volatility.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
