Drawed the (potential) cypher pattern earlyer this week. Today i saw a (potential) butterfly pattern also. I will wait for the price to come up to that level and will execute the trade when the price comes to the D point of the Butterfly pattern (blue one) for the best risk/reward. Stoploss has been set some pips above the previous structure. Target is on the...
A long position Aud/Usd offers an excellent RR-ratio at this time The pair is close to support of previous lows around 0.725 and a turnaround or continuation of the current bullish scenario could target previous highs above 0.7430 The pair has held just above 76.4% Fibonacci retracement level of the previous move up and this is not an uncommon level for this...
I think I have found an interesting setup on the 4 hour chart in GbpNzd for a short position Price is currently right below 100 Simple moving Average and just below 38.2% Fibonacci retracement level of last move down these combined resistance levels should hold the price below, and pair is already bearish being below daily trendline and a top seems in place...
Good evening traders, Here is a nice cypher pattern. i missed it but will have a buy order on 1.3477. Very good risk reward. Target set between .5 and .618. Lets see if the price comes back to 1.3477. Good luck this week.
Goodmorning traders, I've been looking on NZDUSD for a while now. saw this potentional head and shoulders pattern. Drawed an gartley pattern to it for some more confirmation. If the price come's to that point its a good short oppertunity. lets see how the price gets there and IF it gets there.. Good trading week to you all.
Back with an example of key support and resistance levels on the H4 chart - Fibonacci retrace levels share strong confluence with pre-drawn S/R lines - Stops at 61.8% level with hopefully a smooth ride down staying within the tend line. Good luck trading!
update : broke out of consolidation lets look for a .618 retracement for a long position --------------------------------------------------------------------------------------------------------------------------------- Good day to you traders, Just saw the 2nd breakout last night so i looked for a trading oppertunnity. I have been waiting for a consolidation...
Confluences: 1/ with the recent formed downtrend 2/ Broke TL + retest 3/ Tested the 130.000 weekly resistance 4/ Bounced of the 50% fib. 5/ high test, followed by inside bar set up, followed by another high test 6/ 50 & 60 EMA's bounce
At break of the red trendline we go short on the AUDJPY with profits at 90.113. Stop is set a couple of pips over last resistance.
After consolidating for the last couple of months USDCHF has recently broken away from the descending trendline last week which it did re-test and now moving higher (highlighted by the 2 yellow boxes). Should price crack the thing yellow box at around .9500, I'm anticipating price to move to the target area of around 0.9700. The CR levels are also provided above also.
The NZD/USD has reached one very low point. In this trendline he has reached the support line so it can be a long trade with a good target set on 0.67800 (resistance level of the higher low). But watchout for a breakout ofcourse!
here we have a fairly solid cypher pattern about to complete. it follows my strategy )(bullish patterns point D is in the negative deviation area) therefore i believe this will be a solid pattern. Instead of waisting your time with all the information , i'll keep it short for a 1 hour trade and under Limit: 1.618 extension of the BC leg Entry : point D Stop:...
Being in this chanel for some time now, having a nice Bat setup that's now completed. stop loss at channel level. first target at 0,382, which also just above structure, second target could be placed at 0,618. By any means, I think this is a nice set up. Let me know what you think!
Here we see a Gartley pattern on the Euro verses the Yen charts, and i believe the market has perfectly projected us to make this trade. The reason this is a perfect trade is because , 1: we have a pattern with a pretty solid success rate. And 2: We have linear regressions for both 100 and 200 moves suggesting an upward move. The last 100 moves suggests that...
Here we see a Gartley pattern in the finishing stages; We should be expecting a reversal in the next to candle sticks. As all harmonic patterns , i have placed an entry at the place of reversal,I have placed my stop at the top of the pattern and i have placed my limit at the 1.618 extension of the BC leg. leaving us with a 2:1 risk reward ratio. Please leave and...
A beautiful cypher has formed. Targets on the chart. A decent RR. Structure level right on that D point. That's all, folks.
For years this company don´t have good administration, but in this years something change...
The NZDUSD is in a really interesting place right now it is currently trending upwards and looks like it will be doing so at least for the next few days. I am currently short right now however I will be buying and selling several times within this trend. I was long yesterday. This is an incredible opportunity with the average trade ranging from 50-70 pips....