If you missed the AUD/CAD short I posted recently you may still have a chance to enter if prices pullback to and reject the highlighted area. My overall bias remains short despite Friday's bullish candle. I will watch prices in this area, but if prices continue higher I will watch prices at the 61.8 fib for another short there
Bat pattern completion at the D leg.
1hr timeframe so i use 20 pip stop.
There is also, for some of you, a potential gartley that formed inside this. I marked the x leg with an arrow. I personally wont trade this because my rules for a gartley do not allow the C leg to touch the 88.6% retracement of the AB leg.
Apple stock has produced a triple bottom pattern or maybe even a cup with handle, this is backed by there being some form of flag/handle, this means BUY when it breaks resistance which it has.
This is backed by the COPP curve being in positive, showing a increase in trend. But if the earnings report is bad then I recommend selling immediately as it would...
I have got bullish cypher formation on NZDUSD it has laready touched 78.3 area but if it comes back and retests with double bottom it can be good entry point for long opportunity. In terms of profit targets, I am aiming for 61% retracement and stop losses are half ATR below from d X point which is giving me 1.5 r/r.
We ll see what happens.
Crazy good risk/reward on this.
I give a 10pip stop loss on the 15min chart, then widen it a little further when the risk/reward is huge. Dont want to be greedy.
Market has slowed down here into consolidation, so hopefully scoop up some pips as buyers/sellers fight. :)
Gartley completeion @ 0.71799
Im not the biggest fan of trading nzdusd cause the spread from my broker is nearly 3 pips which kills the risk/reward ... however, i took this into consideration when i backtested it, so all is good :)
Since 5-6 weeks I became a great fan of Elliott Waves theory. However i'm pritty new in this. So I would appreciate ctiticism. ctiticism.
Here is a complex corrective structure ABC - connection to X and Elliot descending triangle corrective pattern. If I am right about that there is next IMPULSE in development.
IF the current move breaks the triangle and goes...