Previous Support meow resistance. Looking to take profit @ daily pivot.
Since the major leg of March, 11th, its 61.8% retracement supported intraday price followed by a spike north and a new structure high. Expecting @ 61,8% retracement of this new intraday leg and favorable price-action at this level for a long position. Entry @ 0.7296, stop loss @ 0.7264 and first target an @ 0.7352
As you can see above, the latest swing high at 93.636 was just a few pips away from completing a gartley pattern. Price is currently printing HH and HL indicating an uptrend, and providing a possible scenario where we could see price make a final stretch completing the gartley, and testing the supply zone before making a stronger reversal. Also, price has...
A bat and a gartley pattern. Your entries and stops should be in your trading plan. If you don't then do not trade this. Plan your trade and trade your plan. Good luck.
I am not gona tell you where to put your target and stops. That should be part of your trading plan.. But here is a headsup of 2 advanced patterns. Do with it as you will.
Reason for the deep TP is that I have a bigger TF pattern at play, and essentially this is a good opportunity to sell again on this pullback (Gartley)
Quick opportunity, r/r @2.02 bottom downtrend, actually the @t/p could be pushed way ahead of that, still, profit made
I think as follows. It is not "Turn of Buying" by looking at Weekly. but... there is a possibility the buyer is waiting at 107.40-00. It is said many times, but I prepare for the movement of short-covering. Recovery-High of decline is 108.73 / 75. After breaking there, it's not too late that I switch to buy. Because it has been resistance twice in...
Out of sheer demand for more short term analysis, I thought I would take a few minutes & dissect the 15m chart today. Just so you all understand, my personal holdings are relatively limited and because of this fact I am trading my account off the higher time frames. Full disclosure - I am currently still long 1/3 of my buy at $459 per my published posts and don't...