I've been sitting in a short position on this trade since this morning and it hasn't really done much. What initially caught my attention was the fact that I was late to a deep bearish Gartley Pattern. When I looked a little closer I found that price action had moved up a previous level of structure and had refused to create a higher close. I would like this...
Currently watching closely this pair as it made a double bottom with divergence. I'm waiting for price to go above the "V" top and retrace to the 61.8 Fibonacci level to go long from there. Good luck, I will try to update this later.
This is a trade I will not be taking if it doesn't meet the test of time. After taking the time to reread Carney's books, he mentioned with emphasis the use of time in regards to harmonic completions. From Carney himself: "Although time considerations are not as significant as the factors of price, an understanding of when a setup should complete can optimize...
This morning I recorded a video looking at a bullish Gartley opportunity that I missed. By the time I got my orders in price action had move well beyond the original entry point offering a much better risk/reward. Hours later we are still holding on tot he very last bit of structure and are attempting to put in a double bottom depending on the close oft his...
I've been a bull on this pair over the last month or so but now I've got a short opportunity on my radar looking at a retest of previous structure highs on the daily. As a countertrend trader it's important to realize that I'm not looking for the big long-term move, simply a brief correction. If this correction rolls over more than expected there's a 2nd...
I've been a bull on this pair over the last month or so but now I've got a short opportunity on my radar looking at a retest of previous structure highs on the daily. As a counter trend trader it's important to realize that I'm not looking for the big long-term move, simply a brief correction. If this correction rolls over more than expected there's a 2nd...
* I tried to post another chart with this showing the advanced pattern, but think I messed up doing so. I'll keep trying but here's the daily view that was suppose to compliment my other chart** SORRY GUYS I've been a bull on this pair over the last month or so but now I've got a short opportunity on my radar looking at a retest of previous structure highs on the...
Currently noticing how this pair has made lower lows with divergence on the RSI. To find an entry point and to take advantage of the divergence, I'm waiting for price to retest the most recent low (to form a double bottom) and enter at that point. Targets: major resistance level at 1.3575
I'm not quite sure if I missed this trade setup for a 2618 opportunity after the double bottom with divergence. Price missed the 61.8 retracement level for literally 1 pip and went straight up. As price already retraced from the last move to the upside, I'm not quite sure if it's a good idea to enter when it hits (IF it does) the 61.8 level. Maybe if you have any...
2618 TRADE SETUP: * Wait for price to break the resistance near 101.800 and then wait for the 61.8 retracement to get long. Cypher: * Be aware of how far price goes before retracing to the 61.8 level, as it may complete a Cypher pattern, in which we would have an opportunity to go short from there and then take the 2618 setup to go long. If price completes the...
After creating new structure highs we're now retracing into previous structure setting up a low risk long opportunity. I'd be cautious about shooting for too high of targets since we still haven't passed the major structure area on the weekly.
what do you think about this? We got pattern filled and nice support/resistence structure on the left.
Divergence + extreme overbought condition on RSI = short opportunity. Targets on previous support level at 1.0693.
Looking for potential long setup in GBPAUD. 1) Structure play: IF price came down to support zone (red zone), look for price action signal to go long. 2) Pattern play: IF price continue upward and reverse, potential bat pattern forming. To long at 88.6% retracement of XA leg.
Technical Outlook EUR/CAD had a long rally followed by this down channel which cloud end up as a retracement if EURCAD went up. There is a lot of structure at 1.43482 and there is a fibonacci 3.82 level close right at 1.42677. I can't say now what this pair will do because it depends on oil prices and fundamentals, but i expect a short term rally when price...
Based On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum.. IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive...
Yesterday I took a long entry on this what I find a nice structure trade setup. Market broke previous resistance and then went into extreme oversold on the RSI right at previous resistance which now became new support. I bought next bar candle. Market leaped north and took out target 1 which was good for 16pips. I'm still in that trade and looking for a rally all...
Just realized there is a Cypher pattern and Gartley pattern completion at the same level (0.8740) in confluence with support level, so a great opportunity for making quick profits with target at 0.8771 and stops just a few pips below X and support level around 0.87228 Good luck!!