Trade Setup: EUR/TRY – 7 Oct 2016

Trade Setup: EUR/TRY – 7 Oct 2016

Candle Stick Pattern: Evening Star at (1).
Confirmation:

Touched outer band of Bollinger Band at (1).
Stochastic overbought range at (2).

Signal: SELL
Entry Point: 3.3965
SL: 3.4428 (Highest high of 3 bars of the evening star pattern)
TP: 3.3338 (Recent support level at (3))
 

#BollingerBand, #CandleStickPattern, #EURTRY, #EveningStar, #Stochastic, #SupportResistance, #Volume
#ForexAdvices, #ForexTradeSetups

Trade Setup: AUD/CHF – 6 Oct 2016

Trade Setup: AUD/CHF – 6 Oct 2016

Candle Stick Pattern: Evening Star at (1).
Confirmation:

Touched outer band of Bollinger Band at (1).
Stochastic overbought range at (3).
Volume increases at the last 2 bars (5).

Signal: SELL
Entry Point: 0.7429
SL: 0.7503 (Last resistance (2))
TP: 0.7293 (Nearest support level (4))
 

#AUDCHF, #BollingerBand, #CandleStickPattern, #EveningStar, #Stochastic, #SupportResistance, #Volume
#ForexAdvices, #ForexTradeSetups

Trade Setup: EUR/GBP – 28 Sep 2016

Trade Setup: EUR/GBP – 28 Sep 2016

Candle Stick Pattern: Evening Star at (1)
Confirmation:

Touched outer band of Bollinger Band at (1).
Stochastic overbought range at (2).
Retesting previous resistance at (4).
High volume at last bar also confirming the direction.

Signal: SELL
Entry Point: 0.8617
SL: 0.8717 (100 pips)
TP:…
#BollingerBand, #CandleStickPattern, #EURGBP, #EveningStar, #Stochastic, #SupportResistance, #Volume
#ForexAdvices, #ForexTradeSetups

Trade Setup: XAG/USD – 27 Sep 2016

Trade Setup: XAG/USD – 27 Sep 2016

Candle Stick Pattern: Bearish Engulfing at 2nd and 3rd bar, also a variation of Evening Star at (1)
Confirmation:

Touched outer band of Bollinger Band at (1).
Stochastic overbought range at (4).
Retesting previous resistance at (3).
Increase in volume at last bar also confirming the…
#BearishEngulfing, #BollingerBand, #CandleStickPattern, #EveningStar, #Stochastic, #SupportResistance, #Volume, #XAUUSD
#ForexAdvices, #ForexTradeSetups

Trade Setup: USD/CAD – 22 Sep 2016

Trade Setup: USD/CAD – 22 Sep 2016

Candle Stick Pattern: Variation of Evening Star at (1)
Confirmation:

Stochastic confirming overbought range at (2).
Confirming previous resistance at (3)

Signal: SELL
Entry Point: 1.3110
SL: 1.3250 (140 pips) (Nearest support level at (1) &  (5))
TP: 1.2834 (276 pips) (Nearest resistance l…
#CandleStickPattern, #EveningStar, #Stochastic, #SupportResistance, #USDCAD
#TradeSetups

Trade Setup: EUR/NZD – 15 Sep 2016

Trade Setup: EUR/NZD – 15 Sep 2016

Candle Stick Pattern: Evening Star at (1)
Confirmation:

Stochastic overbought range at (2).
Retesting previous resistance at (3)

Signal: SELL
Entry Point: 1.5365
SL: 1.5499 (134 pips)  (Nearest resistance level at (1) & (3))
TP: 1.5110 (255 pips)  (Nearest support level at (4))

#BollingerBand, #CandleStickPattern, #EveningStar, #Stochastic, #Volume
#TradeSetups

Trade Setup: NZD/JPY – 12 Sep 2016

Trade Setup: NZD/JPY – 12 Sep 2016

Candle Stick Pattern: Evening Star at (1). It is not clear evening star but shows same type of pattern.
Confirmation:

Stochastic overbought range at (2)
Touched outer band of Bollinger Band at (1).
Retesting previous resistance.
Volume increases after opposite bar showing chances to move in …
#BollingerBand, #CandleStickPattern, #EveningStar, #Stochastic, #Volume
#TradeSetups