H4:MACD Bearish crossover: 1. PA < 5 pips (candle stick): Strong+1 2. Double confirm: Ichimoku Bullish (WEAK-2) 3. D1 Bullish: Weak-1 4. Crossover at .0008: Strong+1 5. Crossover sign changed: Strong+1 MEDIUM H4:Bullish crossover Strength relative to cloud: 1. Price action above: Weak-1 2. Chikou span above: Weak-1 3. Crossover within: Mid WEAK-2 SHORT:...
Hi Traders, This setup is about 100 pips away from current price, so be patient for the entry. Last week was a great week for pattern traders, especially that EURUSD D1 Bat , so let's hope we can continue the run. I have been taking my entire position at first target (38.2% CD retracement) on pattern setups, I find that makes it easier to manage the trade and to...
This penny stock tagged HEMP appears to be in consolidation at about $.02 a share. What i see myself doing here is buying at $0.02 and waiting for the rally to the 1.618 extension of the BC leg, which is at about $0.025 a share. I will trail my stops in case there is a reversal but I believe the rally may continue into previous structure high around $0.035 a...
There is a bat pattern forming on the EUR?USD 1 hr. It apears as though the market will reverse after completing so i placed my buy at the end of the pattern as you can tell. After crossing that line we should see a rally to the 1.618 extension of the BC leg, giving us a roughly 2:1 risk reward ratio. follow this trade, it will be an interesting gain. Don't be...
After completing the crab pattern posted yesterday, we noticed that the market rallied into new structure highs. In the new consolidation I see a butterfly pattern on the 30 min GBP/USD charts. I caught it a little late but i'm getting in halfway down the trend still leaving me a roughly 2:1 risk reward and some decent profit. I believe that the market will...