RichFish404

RichFish404

Technical indicators support the move up. Bullish engulfing candle then break of trend offers a good entry for a 2:1 R/R to the next daily resistance level.

RichFish404

1 hour chart pattern. My bias is short on usdcad, however, upon completion of this bullish chart pattern we could get an opportunity for a long position this week

RichFish404 Updated 

Price has broken out of uptrend and retest the weekly and daily support turned resistance. Anticipating a move down to the next daily support level at 1.37931 Sell Stop entry set for 1.38650 2:1 R/R

RichFish404

Price Action looks to have completed the most recent ABCD pattern and price has been consolidating on the higher time frame (Daily) before restarting the fib sequence. Anticipating the 2nd shoulder of the inverse HNS pattern to print on the 4hr time frame. Will take a conservative entry and wait for price to break the neckline to confirm the set-up before...

RichFish404 Updated 

Taking Long position as price action has shown break of trend line. Fibs and technical analysis line up to support a buy trade from this point.

RichFish404

Daily timeframe shows break od trend and retest of support. Targeting 4:1 R/R

RichFish404 Updated 

Trendline Respected. ABCD Pattern playing out. Looking for price to reach the D extension.

RichFish404

Price has bounced from weekly support and respecting trend line structure Anticipating price to continue upward to 161.8 fib extension level.

RichFish404

Broken channel at key resistance level. Looking for price to drop to the 50% fib. Will observe price action from there. Targeting 3:1 R/R

RichFish404

D extension completed and sold off to 195.37. Price has retraced to the 50 ema/ 61.8% fib level to restart the ABCD pattern.. Looking for price to continue down to 194.5 ish to complete another D leg extension.

RichFish404

Price has returned to a major key level and ABCD has completed. Entering a short position to the 61.8 fib level.

RichFish404

Price has pulled back to major key support/ resistance zone. If respected, price to return to down trend movement for a 2.5:1 R/R

RichFish404 Updated 

higher time frame inverse head and shoulders pattern neckline has been broken. Break and retest of trend line on the 15 min ... entered for 3:1 R/R Targeting 100+ pips

RichFish404

Price Action won't let me let go of this trade. My runner is running through resistance levels with ease so added another position at 1.97805 and wanted to share my thoughts on target levels. Will update if I have to exit the trade before the final target due to trend exhaustion. SEE PREVIOUS TRADE IDEA FOR ANALYSIS.

RichFish404 Updated 

Price has broken out of 4 hour triangle pattern and closed above daily resistance zone. Entered after retest of broken resistance. Final Target 3:1 R/R

RichFish404

Weekly support / resistance broken and price is respecting the 1 hr trend line Aggressive entry as Daily is forming a head and shoulders pattern.

RichFish404 Updated 

Price consolidated within the triangular flag (pennant). An upside breakout from the pattern has developed with increasing volume (strong bullish momentum).

RichFish404

Trading the breakout on 4 hour timeframe ABCD Pattern in process