On FX_IDC:EURUSD , the market moves sides; there is no clear trend direction on 1H bars. We have a recent support level at 1.5417, the price respect that zone 3 times and it is expected it will bounce again. Moreover, there is a trendline (dynamic support), which exactly crosses our reversal zone, and fibonnaci level 38.2. All those confluences increase the...
hey traders, I am trying to rush this trade out of here before it either completes or stops us out. If by the time you are seeing this, price hasn't moved much, i would wait for another test of Resistance and look to get short then. Dont force the trade if price action skews your risk/Reward Like always if you have any questions, comment below, follow us on...
Using the If / Then thought process to prepare for the next potential trade set up on the 240m timeframe. If the double top identified prior to this post struggles to break down lower and instead heads for new structure highs then the next opportunity to get short will be the advanced pattern. The bearish bat pattern's D completion point is at 1.5590 just shy of...
Hi All, just wanted to share this potential Bearish Bat Pattern As always Entries Stops and Targets Red Line Minimum Stop Level Green is our entry point - keep in mind you may want to front run to get filled. Blue Line are T1 and T2 standard 38.2% and 61.8% - you may extend or reduce targets depending on structure Thanks and good luck
Hi All I wanted to share this trade - we are now filled on the Bat Pattern Either way we have a winner because we have followed our rules. We see here if this pattern completes that we will have a perfect stop and reverse trade. Lining up with our BAT Targets As before Green is Entry - Red are minimum Stops Blue is Bat T1 and T2 Orange is Cypher T1 and T2...
Hi All, I wanted to share another early prediction, here we have 2 advanced patterns depending on which you prefer to take we have multiple opportunities for a shorting position. Cypher Blue - Bat Orange I have noted the risk reward for both patterns. If we break past the B Legs and continue upwards you will notice in previous structure that we have a shelf of...
Hi All, I wanted to share this potential setup, we are looking at a neutral position entries in both ways. Orange Bat Pattern - Entries have been brought just below 88.6% to ensure we get filled. Blue Cypher Pattern - Entries have been placed at 78.6% - as we know the win ratio for the Cypher pattern is very good and we rarely see an exact 1:1 risk reward for...
Idea is based on Elliott wave theory. More info on the chart. Please make sure to check out my previous linked idea to get the bigger picture. good luck
There is Cypher which - when lucky - could go to D point of bat . I will try to take it with great 6:1 risk reward ratio. Notice - today we will have Reuters/Michigan Consumer Sentiment Index news. The Reuters/Michigan Consumer Sentiment Index released by the Reuters/University of Michigan is a survey of personal consumer confidence in economic activity. It...
Confluences: 1/ trend 2/ PA ( high test followed by inside bar ) 3/ Monthly & Weekly resistance of 0.7060 4/ 50% fib retracement additional info: * H&S - pattern on intradays * a lot of traders are already short since the 0.7135 resistance test
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
This is a 0.5% risk trade I am currently in. the downward move looks impulsive to the downside and I guess there is still high probability to continue going down. And from looking at AUDUSD (still to go down) and NZDUSD (going up and currently finishing wave 2 down) this trade seems ideal :) another "conservative"short entry could be entered after the price...
Hi all, Here we have a Bearish Gartley that might be setting up. D leg needs to complete at a 1.27% which also gives us a nice AB=CD pattern WE ALSO HAVE A NICE RISK REWARD ON THIS PATTERN STOPS ABOVE X LEG TGT1 0.382% TGT2 0.618% GOOD LUCK!!!
Right now we have a great opportunity on USDCHF, spotted just now. Previous supports and resistances (also seen on 4H chart) + Fibonacci and candlestick formation. I'm already long on it :D Remeber, it;s just and idea and it's your decision whether to trade this or not.
Here we see a solid Cypher pattern on the dollar index. the reason i have elected this trade is because the cypher pattern here suggests the market will complete the larger crab pattern on the daily chart. I believe that this completed cypher pattern will rally short all the way down into the 1.618 extension of the BC leg. I have placed my entry at the lowest...
Another penny stock, today has been a very uneventful day in my Forex portfolio as you can tell. Here i have found a butterfly pattern in the american eagle energy corp. The pattern is a little weak, meaning it isn't a perfect pattern, so the results may very. I have placed my entry at the lowest low of the pattern , my stop at previous structure resistance...
I see the market in consolidation between $.74 and $.78. It appears that there is a crab pattern forming with a potential reversal zone at the .72225. Upon completion of this pattern the market should rally to the 2.618 extension, or the nearest structure support which appears to be around the .79000. My stop loss is placed at 100 pips below the potential reversal...