Price prediction analysis. Blue = Area shaded on lowest value. Red = Area shaded on highest value. Yellow = Line on closed value, Experimenting with a new strat. Pay attention to the yellow line.
Look to take profits at the green lines. On the Fib Retracement tool, aim to TP @ 1.5, 2, 4, 8 and 16. Look at the attached idea to see monthly, long term structure.
Super trend is a go! Pattern complete - Price action shows multiple variations of TA to prove legitimate support. Refer to attached idea to keep up to date.
We need more data to officialise this trade but, from my harmonic pattern analysis, there is a possible projection for longing in the market, but we need to wait a bit more time to officialise this. If you feel that my trade is good by all means take it! Please do not place any trade if you are unsure about harmonics as you may not know how to do your risk...
On the 4hr chart there is a bearish bat pattern I am looking to go short in at D leg completion. If you look back a bit you can see price has bounced off this zone several times which indicates price action may follow. Look for other signals such as an oversold RSI to get you a better entry. Stops above X leg, personally I use an ATR based stop but you can do a...
Hey all, Heres a Bat pattern that I forgot to publish but was a trade taken. It's a small Bearish bat pattern on USDJPY. We managed to roll over very pain free to target 1 however then moved back up to break even stopping us out. For those who don't know, I like to trade 2 positions per trade with 2 targets. Once target 1 is hit, I then move the stop loss on...
Hey all, Here is a potential short Cypher pattern forming on AUDUSD 4H. It still has quite a while to go however we are now on the final C-D leg and looking to break above the B leg structure point. If we do get a pattern completion, we will be looking for the usual 38.2 and 61.8 fibonacci targets. The risk reward on this pattern gives us approx a 1:1 to target...
technically GBPUSD set to drop back to 1.21 add the fundamentals with article 50 triggering next week on the 29th, will we see a sell off in GBP in anticipation of what may happen. DX short term correction for me will add more downside to this trade, nice R:R
Hey all, Been a little quiet in the markets lately for me with my patterns - but as long as were not forcing trades that's completely fine. Seen a potential Bat pattern here on NZDUSD that's still a while from completing, however I always like to draw them on early so I can easily see them later. I will become a lot more interested if the green dotted line...
This trade right here is a textbook short. The price level just bounced with decent rejection off of a long term, important price level, and with the weak attempt strength, its doubtful that this trade will be going higher than lower in the next week. I'm shorting to .98104, although I may get out sooner if I sense price turning around quicker than expected.
Hey all, Here we have a Bullish Bat pattern on EURJPY that is pretty close to completing. I've drawn on the two normal targets I would take (and do take) on all my bat patterns, but there could also be the potential for an extended move higher into an even bigger bat pattern completing so it depends with what you're comfortable doing. I'm using a usual 113% stop...
Here we have an inverse head and shoulders, a second last kiss to the broken trendline, a supply zone, AND bullish USD fundamentals. This should be an easy swing buy, with TPs at 114.800, 116, 118, and even potentially a new high for the past year, depending on data leading up to the rate hike decision and then the decision itself in March.
simple bear position. 3 tops on the trend line, its going down! happy trading