CandleReaders

CandleReaders

Lets prepare for the breakout!

CandleReaders Updated 

Wait till price touches 123.600 area than gartley completed. Go short with two different take profit levels. Stop goes above the X point.

CandleReaders

There is a potential long opportunity at the D leg completion. Targets are placed at the .382% and .618% retracement of the A to D move. StopLoss is at the 1.130 of the XA move. Nice Risk/Rewards.

CandleReaders

Lets keep eyes on this today maybe will have the "handle part" as well for this nice pattern. If price gently turns back and make us an other U formation and break above the neckline than go long. For target measure the distance between the neckline and the bottom of the handle. Stop loss goes just below the handle.

CandleReaders

Pennant nearly at the end its time to wait for the breakout.

CandleReaders Updated 

There is a potential short opportunity at the D leg completion. Targets are placed at the .382% and .618% retracement of the A to D move. StopLoss is at the 1.130 retracement of the XA move.

CandleReaders Updated 

Potential Pennant formed on eurusd. Wait for breakout. Watch if candle closes under the support level and short. For a safer trade wait for the pull back after the breakout and sell. Stop loss goes above the last swing high For Take Profit measure the height of the triangle

CandleReaders

Flag pattern formed on eurusd. Pattern will be invalid if flag overshoots the 0.382 extension of the impulse leg. Wait for breakout. Watch if candle closes under the support level and short. For a safer trade wait for the pull back after the breakout and sell. Stop loss goes above the last swing high.

CandleReaders

Bearish Shark Pattern forming on usdcad. i will sell at D pont and watch if price reaches the 0.500 level of AD swing. Take the profit and prepare for a possible 5-0 pattern. If price turned from 0.500 i will go long and keep until point D. Stop loss for shark is at fibo 1.130 XA

CandleReaders Updated 

Bearish Gartley pattern forming on usdjpy. Nice short opportunity at around 110.00 (point "D"). D point based on 1.272 extension of AB swing because it has much better Risk/Rivard ratio than the original 0.786 XA SL = 112.300 TP1 = 105.900 (fibo 0.382 of AD) with 1.7 Risk/Reward TP2 = 103.200 (fibo 0.618 of AD) with 2.9 Risk/Reward

CandleReaders Updated 

Long opportunity based on butterfly pattern. Plan to buy at around 0.7500 (point "D"). SL = 0.7444 TP1 = 0.7600 (fibo 0.382 of AD) TP2 = 0.7666 (fibo 0.618 of AD) Nice 1.90 and 3.20 Risk/Reward Ratios

CandleReaders Updated 

Bearish Butterfly pattern on eurjpy. Short at around 117.300 (point "D"). Great Risk/Rewards SL = 118.000 (above 1.414 of XA) TP1 = 115.600 (fibo 0.382 of AD) with 2.30 Risk/Reward TP2 = 114.500 (fibo 0.618 of AD) with 3.90 Risk/Reward

CandleReaders

Bearish Gartley pattern at point D with nice Risk/Rewards TP1: 1.0 Risk/Reward at fibo 0.382 of AD TP2: 1.8 Risk/Reward at fibo 0.618 of AD SL: Under point X

CandleReaders

Short opportunity if price action reaches "D" point and Butterfly formation complete.

CandleReaders

Price action touched a structure resistance level and on the same time bounced back from Murrey Resistance line Great Risk/Reward ratios if the targets are the main fibo leveles. Stop goes above the structure resistance and Murrey level.

CandleReaders

Price action making its way up to the Bearish Gartley Pattern's final "D" ponit. Once the price reaches this target selling seems like a good idea. Take profits are the 0.382 and the 0.618 fibo levels. Stop Loss is above the previous structure resistance at around 104.500. Both have nice Risk/Reward Ratios.

CandleReaders

A possible Bearish Bat Pattern forming based on 0.50 retracement of XA leg. Confirmed by sturcture support (green line) Bearish Bat: B = 0.382 or 0.500 retracement of move XA C = 0.382 or 886 retracement of move AB D = If the retracement of move B C is 0.382 of move AB then CD should be 1.618 extension of move B C. Consquently, if move B C is 0.886 of move AB...

CandleReaders

Price is in uptrend supported by structure lows. If the price find the third support and bounce back the next resistance will be at the 0.236 fibo which is exactly on the same level as the Murrey Reserval. They together can build a very strong resistance. If the price will reach this area (1.3300) there will be a nice short possibility with 2.50 risk/reward ratio....