Here are those patterns : (note: the rules for each patterns are adjusted to meet my 2:1 risk-reward profile)
1. Gartley Pattern, (red) completed at the 1.382 Fib. Extension
2. Cypher Pattern, (blue) completed at the 0.886 Fib. Retracement
3. Bat Pattern, (yellow) completed at the 0.886 Fib. Retrcement
The best case scenario guys, is that price rebounds to meet...
Hi there,
I found a really great opportuniy in the EUR/AUD 4H.
The best part? It's executable in both direction.
Here are those harmonic pattern completions:
1. Bat Pattern Completion at the 0.886 Retracement with target at 0.382 retracement that comes right at structure (Given that this trade has a bullish bias in the HT. I only shoot for the 0.382...
Euro seems finally found its bottom (near term) against the dollar and showed a big correction move to the up. Assuming that the corrrection is not yet over, I place two pending orders as shown on the chart. As You might see we still have a lot of space to the upside until price reaches its medium term resistance line.
So, buy orders are placed right at FIBO 38.2%...
LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE...
FLAG PATTERN BREAKOUT. STOCHASTIC ALREADY OVERBOUGHT INDICATING A LITLLE RETRACEMENT IS POSSIBLE, WAIT FOR THE PRICE RETRACES TO H. SUPPORT. GO LONG. AND THEN TAKE PROFIT AT FLAG TARGET THAT COMES IN CONJUNGTION WITH THE 1,27 EXTENSION AND D POINT OF THE ABCD PATTERN. (WHICH MEANS THAT COULD ALSO BE POSSIBLE SHORT OPPORTUNITY, IF YOU'RE AN AGRESSIVE COUNTER TREND TRADER)
Looks bullish here as it is showing a bull flag here after it hit the extension of the move of the recent inverted HnS pttn. The bull flag pttn. here is working as a continuation pttn. or follow-thru pttn. and if it b/o's of the pttn. & is valid then the extn. of the move would bring it to the tgt. zone of 91-92.10. As always watch the overall mkts. for how to...
Here on the Japanese index we got a Bat pattern setting up where we are going to buy it up from previous support / structure level, but we still needs to wait for it to come down a bit more and the RSI come more close to the 20ish oversold condition, but its not a must for taking the trade.
Comments good or bad are welcome
Kind regards
Thomas Jeff
Here we have a Cypher pattern that is about to complete on the 15 min. timeframe.
Its with the 15 min. trend but against the H4 and Daily trend, so i am using half position here. The RSI is on its way down to oversold area so that could help to give a push if we see it inder the 20ish area.
Lets see whats going to happen.
Comments are very welcome!
Kind...
We have a nice Breakout at Daily Level, pullback with Hammer at Support in H4 + bullish engulfing H1 + doble bottom M15!
Multi-Timeframe confirmation!
Very nice Long opportunity!
The pair is now trying to complete the BC leg at the 1.27fib.ext from XA leg.
If you scroll out to the daily you will that this area has been a previous battleground.
Stops needs to below C.
using the BUY ALERT to tell me to get long with weekly calls / longer term as well for $132.50 re test
Nice area of confluence showing market structure / EMA with risk below $120
Is it time to go LONG EURUSD?
EURUSD looks pretty much like free fall over last year – 9 months of consecutive losses.
From almost 1.4 (May 2014) we are sitting at 1.07 that’s a loss of 23.5% in EUR value.
Is it time to go LONG now?
Based on 1M time frame.
RSI is strongly oversold (7.64) at its lowest level since 1993. Fibonacci extension of 123.6% (I know...
In spite of seemingly coordinated hacks against bitcoin exchanges (maybe FUD attempt by powers that be), the price continues to crawl up. Buys continue to climb up in spite of heavy sell pressure.
The safest short position is at the higher levels of the triangle. Less safe, but good nevertheless is to set buys just above the green trend line. If the price breaks...
USD/CHF has found support at the previous level of resistance after breaking through once a support level at the round level of 0.9040. The pullback from the previous rally has tested this area which is also very close to the 0.382 (38.2%) Fibonacci level. The close of today's bullish price bar is above this area and the 20 ema. Both RSI and Stochastic are in...
EURUSD is at a very important level. Based on historical price patterns, the 1.3450 area is a major point in terms of this pair continuing it's bearish momentum or not. The major support zone between 1,3512 and 1.3450 area has been compromised BUT price is just hanging onto the lower part of the zone. If price can stabilize, meaning it spends the next day or so 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...
