Hi traders, NZDCAD is setting up for a downside move i am expecting from price to come around our mentioned area and looking price action on our mentioned area for a downside move. The area that i mentioned in chart is a very intresting level because it is a 78 fib retracement level and also a gartley pattern completion level and the upper trendline third touch. I...
Hi traders, EURUSD is setting up for a upside move i am expecting price to come around previous support area then i will be looking for long position GOOD LUCK.
The NZDCAD is currently forming a right shoulder of a higher timeframe head & shoulders pattern. This consolidation at the right shoulder has led to a handful of potential bullish pattern formations on the lower timeframe. The chart in front of you shows a potential bullish gartley (purple), cypher (blue) & bat (yellow). If you have any questions, comments, or...
Here on the EURAUD we have a potential bullish cypher pattern setting up. What makes this particular pattern interesting is the fact that it forms within a very nice bullish rejection zone from the daily chart. When it comes to advanced patterns, I don't need higher timeframe confirmation to tell if it's a valid signal or not, but if we happen to have some then it...
Looking to take this bullish cypher pattern long. RSI has crossed back into the box from being over sold and is showing potential reversal signs to the upside
BTC on 1H chart is preparing for these two scenarios.Bat patterns are preparing.
Bat pattern on 1D.Rose is ready for correction.Bye bye.
The 4 hour offers to opportunity to await a swing low, on the stochastic, the MACD confirms a continuation of the trend. On the right the 1 hour shows an inside candle formation, which is bullish. The resistance area of 91.60 gives us our target. Chris
Hey guys, in this video I'm going to walk you through my higher timeframe analysis on the $DXY & show you how I create a directional bias on the higher timeframes followed by what clues I use for added confirmation as I work down to the lower timeframes & look for potential reasons for entry. Please hit that LIKE button if you enjoyed the video & also don't be...
Hi guys, this is my though on EURJPY, EUR is getting week no doubt due to USD strength, but still I asking myself about this setup initially... Turnout, I still believe that 2nd attempt on the breakout is naïve and childish. There's is so much more reason for me to buy EUR compare to JPY. That's why I planned out this trade with a seconded similar ideas on the...
My software has already entered me into the trade shown. As soon as price moves down 0.2R my stops will automatically follow. Could be a quick in and out, could see a pump lower, in which case the stops will just water fall down 0.2R away from price.
My software has already entered me into the trade shown. Stops are currently at break even after price has moved 0.2R in our direction (as indicated on the chart). It's already a risk free trade so we're now just going along for the ride. Could be a quick in and out, could see a pump higher. It's of no risk to me.
Here's a look at a potential bearish bat pattern on XAUUSD (GOLD/US Dollar). The green box on this chart represents the potential reversal zone of this pattern formation. Akil
Bearish bat pattern formation if we get a D-completion. We are looking for selling pressure and any sort of bearish price action before taking this opportunity. Note that the bullish momentum has to slow down before taking this trade otherwise, we may be blown away by the bullish momentum charging into our completion zone.