JoseMier

JoseMier

Classic impulse with ABC pattern. Possible next long impulsive move.

JoseMier

Simple as this: it´s forming a bearish wedge on its way to reach an important resistance. It´s being difficult for bulls to get there so if you´re buying, beware of this warning. In my experience this is a clear exhaustion pattern. Everything can happen on a financial market. It can be broken to the upside but remember, it is your money at stake. Be precaucious....

JoseMier

I found a nice long opportunity on this pair. It shows an exhaustion pattern on a really strong 4H and Daily support. Also, the recently closed 4H candle shows buyers strength. Remember, calm approach and risk manegement. Good profits! __________ Encontré una buena oportunidad en este par. Muestra un patrón de agotamiento en un soporte muy fuerte en las...

JoseMier

Hi Traders! I detected USD/CAD is making a good continuation pattern to the long side. I would rather wait for price to enter the zone I marked (.786% Ret. Fib Zone) which would end this little bearish cycle: Therefore, I think it has still some bearish path to run before taking a bullish move. Risk Reward Ratio is 1:3, so it´s a great opportunity! Be aware of...

JoseMier

Fib retracement to .786% Retroceso de Fibo al .786%

JoseMier

Found this scalp opportunity on AUD/CAD. It broke structure to the upside, expecting it at least to reach the -.27%. Remember: good market approach and good risk manegement. Happy profits! _____________ Encontré esta oportunidad de scalping. Rompió estructura hacia arriba, espero que llegue al menos al -.27%. Recuerda: un buen acercamiento al mercado y buen...

JoseMier

Despite the fact that there was a strong bearish impulse lately, I´m detecting a possible bullish impulse to the upside, at least to the last high. Seems to be forming a bullish wedge. Also, it seems to be also respecting the .886% Fib Retracement. It´s a nice set up with 25 pips of SL aiming to get 80 of TP. Remember always: Good risk management Good market...

JoseMier

Hi traders! On Tesla, I´m seeing an exhaustion pattern which means we could possible be at the break of a new long impulse. As the main trend is a bull trend, this is a high probability set up. It´s also about to touch a long term trend line and, besides, it´s testing a deep retracement Fib Zone (.786-.886%). To entry, I´d highly recomend you wait for that little...

JoseMier

Hi traders! Found a nice long set up for GBP/JPY. A strong bullish impulse followed by a deep correcion to our 61.8% area. Besides, there is a strong support that has been apprently successfully retested by those long wicks. Above it all, there seems to be a bearish microcycle being completed. To sum up, it´s a great confluence to enter. Remember this two...

JoseMier

Update coming near. Seems to have broken a prev support which means this could go short.

JoseMier Updated 

Hi Traders! I found a Bearish Bat Harmonic PAttern on CAD/JPY. It shows Divergence, a .886 Fib Ret. ratio of last big beairsh movement, a bearish wedge and recent bearish price action. It´s at its point. Remember to have risk management and a calm approach to the market. Be safe, profit well!

JoseMier

Hi traders I spotted an intteresting opportunity on AUD/CAD. Ignoring all the pink arrows, which are the last impulses and retracements I use to detect the current market structure, we could be at the break of a new long impulse. It´s arriving to the .786% Fib Retracement Level and the .618% extension of a last microimpulse. It also has a good oversold level on...

JoseMier

Hey Trarder, So we find USD/CAD on a Daily channel. We all wanted it to break it but it rejected it strongly. It appears to be looking to get to the Weekly Retracement of 78.60% (1.4120). I expect a small retracement to 1.31720 and an amazing entry in that area. It´s a great Risk/Reward ratio of a minimum of 1/2 and a maximum of 1/8. The TP´s I marked with the...

JoseMier

Hi traders! I´ve got here one awesome possible trade opportunity. I´m expecting it to at least get to where the starting arrows are, which is a confluence between higher timeframe trendline, higher timeframe fib retracement level and good support zone. So, if we see bullish movement, we buy and TP to the TrendLine. We do not buy unless we have strong candlestick...

JoseMier

Hi traders! So, it´s pretty clear to me that this is a long correction, which doesn´t exactly mean that we´re actually on a long term -apocalyptic- downtrend. From a long term perspective, we´re still on. Nevertheless, we should never be on the loosing side of the table. We saw mayor bull activity not so long ago, and it´s going down there to test that area: if...

JoseMier

It just retraced to 38% Fib level, we´re starting to see bearish impulse movement. Expect it to at least reach 0% Fib Lev, then probably if not double bottom, the -.27%. Be safe, don´t get trapped.

JoseMier Updated 

Explanation on chart.

JoseMier

I found a nice Three Drive Pattern at CHFJPY. The Risk is 1:5, so it´s good. I also pointed out different scenarios. What do you think?