Pattern Trader - December Trade Analysis, Trade Set-ups and Profit (Loss)

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Rosamond Mason
5 years ago
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1 Pattern Trader - December Trade Analysis, Trade Set-ups and Profit (Loss) Pair: XAUUSD (spot Gold) Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 0.50% Analysis: To be clear, I believe XAUUSD is in a "bear" market. That being said, I feel this pair has fallen very far, in a short period of time. The recent "reversal" bars lead me to believe, we could see a good bounce (higher) from current levels.

2 Currency Pair: GBPCHF Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 0.75% Analysis: GBPCHF formed a Double-Bottom (bull) price pattern in the Oct-Nov time-frame. This implies this pair is headed higher (over time). Penetration above Friday's inside-day bar will likely lead to a sustained move to the upside.

3 Currency Pair: GBPAUD (Weekly Trade) Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 1.00% Analysis: GBPAUD appears to be in the process of forming an Inverted Head-and-Shoulders (bull) price pattern. Penetration above last week's Key Reversal bar will likely result in further momentum to the upside.

4 Currency Pair: EURNZD Entry 1. Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 0.75% Entry 2. Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 1.25% Analysis: I have a feeling this trade could be a GREAT one! Today's huge Key Reversal, at-or-near, a Double-Bottom price level could translate into an opportunity to "tag" this pair "on the turn" (turning from a bear to bull market). I am so excited by the potential of this trade that I have suggested two entry points. (Those traders more risk averse should elect the Buy stop).

5 Currency Pair: GBPUSD Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 0.75% Analysis: GBPUSD is trading at the apex on an Ascending Triangle price pattern. Penetration above the high of today's inside-day bar will likely result in further upside momentum.

6 Currency Pair: GBPNZD Entry Order: SELL Stop loss: Take profit: Trade Risk Profile: 0.75% Analysis: For the past few weeks I have been howling that this pair was going higher. However, in the past few days, GBPNZD has been unable to sustain any forward progress. Today's inside-day bar, at the peak of a Reverse Symmetrical Triangle leads me to believe there may be an (imminent) reversal (lower) in this pair.

7 Currency Pair: EURGBP Entry Order: SELL Stop loss: Take profit: Trade Risk Profile: 1.25% Analysis: EURGBP has formed a Double-Top (bear) price pattern. Accordingly, this pair has only one-way to go from here (lower). Penetration below the low of today's Key reversal will likely trigger a (big) slide in prices.

8 Currency Pair: NZDCAD Entry Order: SELL Stop loss: Take profit: Trade Risk Profile: 0.75% Analysis: NZDCAD appears to be in the process of tracing out a Head-and-Shoulders (bear) price pattern. Confirmation of this pattern would be upon a breach of the neckline at about the price level. If we take out the low of today's Key reversal, it will likely trigger a further fall in prices.

9 Currency Pair: GBPCAD Entry Order: SELL Stop loss: Take profit: Trade Risk Profile: 0.50% Analysis: GBPCAD is in a well-entrenched down-trend. The recent Double-Top (bear) price pattern suggests prices are set to turn down (again). Penetration below the low of Friday's narrow-range bar, will likely result in a further crash in price (to at least the price level).

10 Currency Pair: USDCHF (Weekly Chart) Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 0.75% Analysis: This week's Key Reversal near the apex of an Ascending Triangle suggests prices are set to burst higher from current levels.

11 Currency Pair: GBPNZD Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 1.00% Analysis: Based on the Double-Bottom (bull) price pattern in GBPNZD, that was formed in the Oct-Nov time-frame, I firmly believe this pair is head (much) higher. Recently, GBPNZD has also "cut" a "Diamond" price pattern (no pun intended). Penetration above recent high's will likely result in further momentum to the upside.

12 Currency Pair: GBPNZD Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 0.75% Analysis: For weeks, as this market has treaded water, I have said this pair is going a lot higher. Based on the Double-Bottom (bull) price pattern in GBPNZD, that was formed in the Oct-Nov timeframe, I firmly believe this pair will head north...soon. I like my chances should we get above the high of today's Key reversal bar.

13 Currency Pair: GBPJPY Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 0.75% Analysis: I took a huge chunk (612 pips) out of the Long side of this pair in November. GBPJPY burst out of a Double-Bottom (bull) price pattern at the price level in Oct-Nov, and has not looked back since. Penetration above the high of today's Key reversal will likely be the catalyst for a further price rise in this virulent bull market. Risk Management: Both trades tonight are correlated to the GBP currency, so not altogether diversified. You can elect to trade one, or both. I am putting on positions in both trades at the designated risk levels.

14 Pair: XAUUSD (spot Gold) Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 0.50% Analysis: XAUUSD is in a "bear" market, and this trade could very well be a reach (not a high-probability trade). That being said, I feel today's Key reversal at the bottom of a recent support line, could result in a very healthy bounce from current levels. Not a full-throated endorsement, but this trade could really pay-off.

15 Currency Pair: GBPNZD Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 0.75% Analysis: For weeks, as this market has treaded water, I have said this pair is going a lot higher. Based on the Double-Bottom (bull) price pattern in GBPNZD, that was formed in the Oct-Nov timeframe, I firmly believe this pair will head north...soon. I like my chances should we get above the high of today's Key reversal bar.

16 Currency Pair: AUDCAD Entry Order: SELL Stop loss: Take profit: Trade Risk Profile: 0.75% Analysis: AUDCAD appears to be tracing out a Head-and-Shoulders (bear) price pattern. Penetration below the last two trading session reversal bars will likely result in continued momentum to the downside.

17 Currency Pair: EURGBP Entry Order: SELL Stop loss: Take profit: Trade Risk Profile: 0.75% Analysis: EURGBP has formed both a Double-Top and a Head-and-Shoulders (bear) price pattern(s). Penetration below the low of Friday's Key reversal bar will likely push this pair below the "neckline", and, ultimately to (much) lower prices.

18 Currency Pair: GBPJPY Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 0.50% Analysis: GBPJPY burst out of a Double-Bottom at the price level in Oct-Nov, and has not looked back since. Penetration above the high of Friday's "mini" reversal bar could push prices higher from current levels.

19 Currency Pair: GBPNZD (Weekly) Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 1.50% Analysis: GBPNZD appears in the process of forming an Inverted Head-and-Shoulders (bull) price pattern. Penetration above the high of last week's trading range, will (very) likely result in (much) higher prices from current levels. Feels like a "go to the bank" trade!

20 Currency Pair: GBPNZD Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 0.70% Analysis: On 12/15, I established a Long position in GBPNZD (@ ). I feel so strongly about the (upside) potential of this pair, I am looking to add to my current position, upon a penetration above the high of today's Inside-day bar.

21 Currency Pair: GBPNZD Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 0.70% Analysis: This is a repeat of yesterday's trade set-ups...which was not triggered. On 12/15, I established a Long position in GBPNZD (@ ). I feel so strongly about the (upside) potential of this pair, I am looking to add to my current position, upon a penetration above the high of the past two session's Inside-day bars.

22 Currency Pair: EURNZD Entry Order: BUY Stop loss: Take profit: Trade Risk Profile: 1.00% Analysis: This is admittedly an early call. However, I (strongly) believe that EURNZD is in the process of forming a Double-Bottom (bull) price pattern, that will ultimately lead to (much) higher prices. Penetration above today's Key reversal bar will likely result in a continuation of the upward momentum in this pair. I really like this trade. Risk Management: I am already Long GBPNZD. By adding tonight's EURNZD trade, both trades are correlated to the NZD currency, so not altogether diversified. You can elect to trade one, or both. I am putting on positions in both trades at the designated risk levels.

23 Pair: XAUUSD (spot Gold) Entry Order: SELL Stop loss: Take profit: Trade Risk Profile: 0.50% Analysis: For the past several weeks, XAUUSD has plummeted from a Descending Wedge Triangle (bear) price pattern that was formed in the Jul-Nov time-frame. Penetration below the low of today's inside-day bar will likely result in a continuation to the down-side.

24 Pattern Trader - December Trade-by-Trade Profit (Loss)

Pattern Trader - November Trade Analysis, Trade Set-ups and Profit (Loss)

Pattern Trader - November Trade Analysis, Trade Set-ups and Profit (Loss) Pattern Trader - November - 2016 - Trade Analysis, Trade Set-ups and Profit (Loss) Currency Pair: EURAUD Entry Order: BUY stop @ 1.4470 Stop loss: 1.4403 Take profit: 1.4718 Trade Risk Profile: 0.50% Analysis: