Backeting USDCAD w/Advanced PatternsAs I am getting ready for my live trading room on you tube, I came across these setups on USDCAD.
This is probably my favorite thing about advance patterns, and that is; bracketing the market.
The bearish cypher will potentially complete @ 1.3190 and the bullish bat will potentially complete @ 1.3090.
Now if you trade advanced patterns, you can set your buy and sell orders along with your stops and targets and wait for one to get triggered. Awesome setup here and definitely one I will be keeping an eye on.
IF you would like to join us in the trading room, here is the link: www.youtube.com
If not, Good Luck and Good Trading!
Livetrading
Bullish Butterfly At Major Structure on USDCAD!As I am getting ready for my live trading room, I came across this very nice butterfly pattern that will complete at this major structure level. Now I normally don't trade butterflies, due to the fact that they complete below X, and this is where i place stops on the other advanced patterns I trade.
But when I get a setup like this, well now I have a structure zone to place my stops under.
This pattern will potentially complete @ 1.3021, which is right at the lows of this major structure zone. Minimum stops should be below the structure zone, and even if you want to put your stops below 1.30000, you will still have an excellent risk/reward ratio for both target 1 and target 2. As always, follow your trading plan.
If you would like to join me in the live trading room, here is the link: www.youtube.com
Good Luck and Good Trading!
Crude USOIL WTI RSI bullish divergence H1 to 43$ short-term LONGCrude USOIL WTI RSI bullish divergence H1 to 43$ short-term
We might see just a little bit more of decline first, as the RSI at 53.02 pointing downwards indicates.
Mid-term the downward momentum prevails considering the so-called "production glut" propaganda.
Take care!
Sinatra FX
TWITTER: twitter.com
GBPUSD third time lucky ;)Third attempt today to place some winning trades.
Thankfully this time I seem to have taken the peak and should be good from here.
Some basic technical and my trade lines drawn on.
Lost $250 ish today. Still working with 50k lot size.
Aiming for a large level profit once we touch down on green again :)