EUR-USD Gartley, Trendline Support
1 day ago
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About Me
- matfx
- Been trading the forex market since 2006. Learned a lot of different trading strategies and met some good traders willing to teach me. At the end i've choose ichimoku and Harmonic patterns as my main strategies beside using support & resistance. I will share in this blog about my trading activities and trade analysis. Hope who ever read my blog will find it useful.
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Ichimoku Trade Update: GBPCAD 8-17-116 months ago
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3 comments:
Hi,
Its likely to hold the bearish stance as for now as long as it is below the 50% retracement or below 5-0 pattern signal, however the support underneath is also pretty solid and this makes for an interesting move to check if this can make a triangle and then a breakout scenario later.
BTW, you have a daily candle picture just beside the timeframe's candle, which shows the entire daily candle range. I am curious to know which indicator is that? Can you please share?
Cheers.
Hi Wanderer,
Yes current situation for EURJPY most likely to be consolidated before breakout.
The indicator name is daily data and it is share from forex-tsd coder, Mladen. I will post a link for you to download it.
Good luck.
Thanks :-)
Its useful to note the momentum and sentiment during the daytrading :-)
Once again, I wanted to note that your blog is one among the top I follow regularly and the harmonic trades that you post are top notch quality with decent risk-reward ratios.
Humble suggestion, when you are posting the charts, I note that the picture is worth more than words, but it would also add value when you update your trading plan like your entry with stop loss and exit strategy timing (for noting the risk v/s reward strategy). I am sure this will make a far better approach and help to others through your blog for one and like me others :-)
Cheers!
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