Not finding any of the usual patterns. An equal distance A-B-C-D terminates at 155.165. With RSI divergence; Buy 155.65 with targets at 156.70 158.00 159.13 (3.6:1 reward:risk) (A Stochastic RSI lower than 25 would be ideal and its current levels indicate potential for moves lower however 155.60 should provide good support)
An ABCD pattern is in formation, a bullish divergence and bullish pin bar are present inside PRZ, so it could be a good idea to look for a long position, however the PRZ is wide (+150 pips), still there is a possibility that the price push down a little bit more. So, my options: 1) Buy limit at 109.64 / SL = 109.29 2) Wait for a reversal bar pattern around 108.99...
Hi there, Recently found this great trading opportunity in USD/CAD 1H, where Market is retracing after a good uptrend. The idea is, that we're looking for a market over extension at a 1.618 Fib. Inversion, in expectation that we're gonna see a move back into trend after price reach that level. Which happen to be at the same area with an ABCD pattern completion...
Hi there, Here I found a beautiful Gartley pattern with a very good R/R ratio. The completion of this one also happen to be at the same level as good psychological number and a structure looking left. Given the volatility ahead of The Fed statement, trade like this one (good R/R) is a good way to approach the market. Regards, Fedro
Steadily gaining since the end of last year, this pair has recently broken through a key resistance level around 0.79000 after putting in a daily breakout pattern. The swings on the 4 hour chart are very harmonic and even in size. They are increasing in time though. If we get a weak pullback into the zone around 0.79000 which lines up with the measured move...
Combo Shark / 5-0 pattern at sight. I hope that the price completes bearish ABCD pattern on D1 chart for future short position. Waiting for reversal bar pattern inside PRZ H1 chart view:
Fundamentals Japanese governor Haruhiko Kuroda has been on a mission to boost the Japanese economy from deflation, and was doing really well until 2014, when oil began to slump, which dragged on the growth of the Japanese economy. Inflation has since sunk to near 0%. Kuroda began introducing heavy stimulus measures to weaken the currency and boost inflation to...
Fundamentals Japanese governor Haruhiko Kuroda has been on a mission to boost the Japanese economy from deflation, and was doing really well until 2014, when oil began to slump, which dragged on the growth of the Japanese economy. Inflation has since sunk to near 0%. Kuroda began introducing heavy stimulus measures to weaken the currency and boost inflation to...
Bat and gartley setup for long. Like if you agree and you can share your opinions.
Hello! In the comments below is a link to the video which I just did on this pattern
Euro near the second target we mentioned before .after reaching the 1.1500 price we can the market demand and action that will appear at this level price .
Spotted 2 supp areas the third one will work i think 80%. its Down trend on every chart 1W,1M! i think it will come to the bottom area where i have marked my TP line. Good day everyone and good luck! hope this will be lucky trade!
AUDJPY has finally broken out of a two week triangle, lifting above 85.880 and is signaling further gains to initial target of 86.420 & 86.700 & finally 87.840. Intraday dips should attract buyers, only a move below the lower triangle trendline will the breakout be considered a failure. Our algorithm is putting the odds of hitting price targets at 62% over the...
Buy around the break of 1.1330 and close position around 1.1450 because there is a strong resistance at 1.1462. Still need to confirm this but around the 1.1462 zone look for a short sell to 1.1333 - 00 before a long continuation to 1.1583