So we may have a potential garley pattern in play which i plan to take the short, given some confirmation. However an elliot wave has been formed which may take the current wave higher. A close above the previous peak will prompt me to change my outlook from short to long
USDTRY 4H SELL AND BUY SETUP POSSIBLE GARTLEY PATTERN
GBPAUD Long -Great Risk to Reward here -Strong down trend here -ABCD Structure posible in play -FIB levels act as great targets -Only entering this at the break and close on the 1h timeframe of the blue trend line -Watching the MAs for the blue to move to the upside -Key weekly support level of 1.9400 and psychological level is important if this holds, another...
AUDJPY Currently in a strong downtrend from higher TF -Simple trendline break trade here -Rules: break and close below on at least the hourly retest of the broken area of course rejection of that area -Apply risk/reward and money management -Have a couple of targets -Jump in Happy trading!!!!!
Made a lot of pips from EJ shorts recently think its time to long -A bit of channel trading here currently -Holding a major monthly key level 126.90 -We have bounced of this level previously. -We have a selection of rejection here shown with long wicks -Also a "double bottom" we broke slightly lower but its the close we look at.
On February 7 we started to break indecision which lasted from the end of January. Now its finally confirmed that Bitcoin price will rise, at least for some time from now. RSI is still low around 60 on higher timeframes above H4. Uptrend is confirmed by quick breaking resistance levels which are subsequently confirmed from the upper side and price climbs by this...
Reasons for -Firstly we are up trending on the 4 hour -We are making higher highs so to signify uptrend -We cleared key level of 0.7000 -We are trading above the Key Level -We are due for a new higher high and a impulse move to the upside -We also have come to the trend line and has show Strong level of support -Also on the trend line we have reacted and...
Reasons for On the 4 Hour -We have been bearish since the trend line putting in nice big bearish candles -We have broken our counter trend line -We also have nice long wicks on the upside -This shows me there is more selling pressure On the daily -Firstly this is a long term trade -We can see price is down trending on the lower time frames Always go with...
Reasons for -Firstly as we can clearly see we are in a Triangle formation -We have had multiple bounces from the Bottom trend line which is now acting as Support -The previous Four hour candle was a doji on the trend line -Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support -We...