Traders, today we have XAU/USD on the daily chart with a valid bearish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 XA Retracement: 0.886 Price has yet to confirm the PRZ which consists of a 1.618 AB=CD, 2.618/3.14 BC and 0.886 XA retracement. Once the final 0.886 measurement...
A day or so ago the candles formed a bullish bat. The RSI looks good and the support trend line is also aditional support. I placed the SL at the next resistance/support. Im still thinking of taking it down just benieth it to let some room for the price to bounce back of it incase it would drop as far. TP ar as always at 0.382 and 0.618. Let me know what u think :)
USD/JPY is currently forming a bearish deep crab pattern on the 4h chart, providing a trading opportunity with a 1:2.6 risk to reward. The measurements for a valid deep crab are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.0 - 3.618 X to D: 1.618 Keep this on the watch list! Price has just confirmed the PRZ. Thank you for your support everyone :)
In the eur/jpy a possible bullish bat is forming. Let me know what you think of it and if its valid! Execution point is a bit unclear but we will see.
Hello, traders! Today, we are looking at a Bearish Gartley Pattern on the 4H chart with GBP/USD . The trade hit rather quick! The measurements for a valid Gartley Pattern are detailed below: B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786
A bullish AB=CD pattern is about to complete on GBP/CAD. I predict that upon completion that price will reverse.
Traders, today we have AUD/NZD on the 15m chart with a valid bullish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 XA Retracement: 0.886 Price has yet to confirm the PRZ which consists of a 1.618 AB=CD, 2.24 BC and 0.886 XA retracement as the final ratio. Once the final 0.886...
We have a bearish bat pattern on the daily time frame and a nice double top, better visible on the H4 chart to add some more confluence to the trade. We also have nice rejections from the S/R area @ 1.37453.The two targets are represented by the green lines and the SL is shown as the red line. Trade safe :)
The FTSE 100 is shaping up nicely on the 4h chart, I'm expecting this bullish 5-0 formation to complete within the next few weeks at the 50% retracement level. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 We will be trading with a stop loss below the 0.618 retracement level at 7240. If we execute the...
Bullish AB=CD BAMM opportunity is now shaping up on the Standard and Poor's 500 index on the 4h chart. This one to one measured move looks excellent, the AB=CD completion is beyond the ATH at 2877, this is complemented by the reciprocal ratio of 0.5 which is the 2.0 projection. I'm expecting price to break resistance @ B followed by an acceleration in price...
Quick post ahead of market open, I'm looking at EUR/USD on the 1h chart with a bearish gartley and bearish deep crab pattern. The first formation we will need to assess in real-time upon completion is the bearish gartley, we need to determine if the reversal will take place @ 1.17800 or 1.18415. I will be focusing on the 15m and 4h chart to back up my analysis...
Hello, traders! Today, we are looking at a Bearish Gartley Pattern on the 4H chart with EUR/USD. Price seems to be stalling out with the RSI confirming price has been over bought. Let me know what you all think! The measurements for a valid Gartley Pattern are detailed below: B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786
EUR/JPY is now restesting the PRZ of a bearish gartley on the 1h chart. The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.13 - 1.618 Final X to D: 0.786 Use the 15m chart for entries! Minimum 1:2 R:R trade. Safe trading everyone!
There seems to be a bit too much momentum being carried into the PRZ, the 0.786 has been confirmed. Will be watching this to determine entry. If entry is taken SL will be set at 1.13 XA
Hello traders, here we have EOS/USD on the 1h chart with a valid bearish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 XA Retracement: 0.886 Price has yet to confirm the PRZ which consists of a 2.0 AB=CD, 2.24 BC and 0.886 XA retracement as the final ratio. I'm currently paying...
What's up traders, I'm currently watching the gartley 886 on EUR/GBP 15m chart. The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.13 - 1.618 Final X to D: 0.786 (0.886 due to AB=CD completion) Gartley patterns at an 88.6% retracement of XA are unique, this is utilised when the AB=CD completion extends past the...
Quick outlook on XRP/USD with a descending channel on the 4h chart. Many of my followers have requested analysis for several cryptocurrencies and the vast majority are trading within price channels right now. The structure shown for Ripple can be seen in various other altcoins such as ETH (testing resistance) and SC. I'd pay close attention to the minor support...
The vast majority are still bearish on BTC, mainly due to structures on the lower timeframes indicating further downside. Taking a step back and analysing the 4h chart, it provides a different outlook. Straight away we can see many similarities in the way price has been moving since March 2018. Trading within clearly defined descending and ascending channels,...