Pronoe

Pronoe

Looks like a Bearish Bat Pattern is forming, if the price cross over the .236 retracement and if RSI cross over 50 I'll go long with a stop loss just below "C" and wait for the reversal at "D" PS : Also noticed a slight divergence with the price making higher low and the RSI making Lower Low. This would confirm my idea. However, I've never really looked into...

Pronoe

I expect the price to continue its uptrend for a day or two until it reaches the .382 retracement level, at which point it can then go either way - The price will break above the .382 retracement level in which case I'll go long expecting a take profit around the top of my Fibonacci retracement. or - The price will bounce of the .382 retracement level in which...

Pronoe

After a 3 weeks downtrend looks like it's going to reverse. - A bullish gartley pattern where "D" is flirting with the Bollinger Band and S1 of my Pivot Point - I'm nice reversal pattern pattern of the candlesticks I'm going to go long on Monday as soon as market open, My stop loss is set just a few pips below D. For now my take profit is in the middle of my...

Pronoe

I noticed what looks like the 5th wave of an elliott wave . It seems like it's bouncing off the support area I drew a few days ago which coincide with the .382 retracement level and the PP. I put my S/L just below the PP because everything seem to indicate a really strong support area. Currently my T/P is set around where I expect the price to go but when the...

Pronoe

I was long at the bottom of wave 3 after noticing a bullish butterfly. I later realised I was looking at what seemed like the top of wave 4. I decided to close my long position and go short soon after. I hope I'm right. I'll monitor it and see if I can close my position somewhere in the green area Edit : I misplaced the entry price, I in fact entered at 0.76319

Pronoe Updated 

I setup my support area on a hourly chart. As the price reach the support area I noticed thanks to the RSI that the currency was oversold. On top of that I saw a nice bullish butterfly forming. I went long at 0.76332, set my S/L just below my support area and my T/P just above the pivot point. I'll take another look at what the price is doing in a few hours and...

Pronoe Updated 

Trying my hand with Harmonic Trading, I came across what looks like to be a Bullish 5-0. The pair hasn't been this low since 2009. And the trade balance for NZ are expected to be be very good (result in an hour and a half). All this make me want to go long. I'll wait for trade balance result and the price to cross the Pivot Point then I'll go long with a take...

Pronoe Updated 

Hi there, I'm looking at a nice descending Triangle, the base being a resistance level testes 4 times since last week. The Support level have also been tested 4 times since last week and will therefore be my take/profit in case my buy stop is triggered. Just in case the trend doesn't do what I expected (big announcement coming in for CAD), I also set a Sell Stop...

Pronoe Updated 

What appear to be the 4th leg of an elliot wave is forming and might bounce off the resistance established 4 times since start of March, I'm setting a sell stop just above the last reversal and my stop loss between the last reversal and where I expect the 4th leg to bounce. Edit : Plus the Resistance level is the same as level 0.382 of the Fibonacci retracement...