ForexBees

A forex trading and techniques blog

Entries for the ‘My Trading Ideas’ Category

Some of the profitable trades I had this week

AUDNZD ascending wedge:
The following is the four hour chart of AUDNZD. It was in an ascending wedge for some tome and it was broken two days back. I was watching both four hour chart and hourly chart and when it was broken in hourly chart, it retraced back to the trend line. When it retraced [...]

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Ascending Wedge and Double tops for AUDJPY

The following is the four hour chart of AUDJPY currency pair as of Feb. 18th, around 2 AM EST. If you observe the chart you can see that it was going in an ascending wedge. Now it is also forming a double tops. If the bottom trend line for the ascending wedge is broken with [...]

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AUDCHF ascending wedge

The following is the four hour chart of AUDCHF as of Feb. 19th, around 12 AM EST. If you observe the chart you can see that it is going in an ascending wedge. It looks like it is breaking the bottom trend line of the wedge. If there is a strong candlestick formed breaking the [...]

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EURUSD channel broken

The following is the four hour chart of EURUSD currency pair as of Feb. 18 around 11 PM EST. If you observe the chart you can see that it was going in a channel for some time and the bottom trend line of the channel was broken around 4 hours back. So I am expecting [...]

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Looks like GBPUSD symmetrical triangle breaking

The following is the hourly chart of GBPUSD hourly chart as of Feb. 16th, around 2 AM EST. I have drawn two trend line and it formed a symmetrical triangle. It looks like the top trend line of the symmetrical triangle is breaking. There is still 5 more mins. for this candlestick to be completed. [...]

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GBPUSD symmetrical triangle formation

The following is the GBPUSD hourly chart as of FEB. 15th, around 3PM EST. I have drawn two trend lines one at the top and another at the bottom and you can see that it has formed a symmetrical triangle. The triangle might be broken at any time. If the triangle is broken with a [...]

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USDCAD triangle formation

The following is the USDCAD hourly chart as of FEB. 15th., around 3 AM EST. If you observe the chart you can see that it is going in a downtrend. I have drawn two trend lines one at the bottom and one at the top and it formed a symmetrical triangle. It’s not exactly a [...]

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USDCHF channel or ascending wedge

The following is the hourly chart of USDCHF hourly chart as of Feb. 15th around 3AM EST. I have drawn two trend lines one on the top and another at the top. It looks like a channel but I think its an ascending wedge. But anyhow I think in another hour the bottom trend line [...]

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AUDUSD going in a channel

The following is the four hour chart of AUDUSD as of FEB 15th, around 2AM EST. If you observe the chart you can see that it is going in a channel. The channel might be broken at any time and once the channel is broken with a strong candlestick it is a good opportunity to [...]

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AUDJPY going in an ascending wedge

The following is the four hour chart of AUDJPY currency pair as of FEB 15th, around 2 AM EST. If you check the graph you can see that it is going in an ascending wedge pattern. If you observe the hourly graph it looks like it is going in a channel. But observing the four [...]

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