Refer to chart and RSI. Looking set for a good run up. For targets, you apply Fibonacci extensions, AB=CD and so forth. There is also a large Bat pattern forming on the daily..keep an eye out. Cheers
Hey all, Thoughts? I'm still long this pair but can see there are opportunities to take a counter trend approach. Cheers
I think the chart speaks for itself... Now finding the right strategies to benefit from this information is the challenge.
Hi, If you have any questions, I didn't want to spend to much time trying to clean up this chart but here goes. I am still bullish on Oil and based on my analysis, I can see prices heading into the 64 range (I think). In saying that, large pull backs will be part of the game so I'll be capitalizing on those opportunities if they meet my rules. In the short term,...
Hello, Firstly, the chart is a bit messy so if you're having trouble seeing this, I do apologies. To be brief: There are several AB=CD setups, 3 advanced patterns on the 240, 60, 15 time frame. You'll need to draw the ratio levels yourself to see the confluence at the zones of interest. I have several trade setups on my radar for AUDUSD next week. For this shared...
I went long on Oil yesterday with a small position size. Looking to increase position if I can see CCI cross over zero on the daily and RSI cross over 55 on the daily. On the 4 Hour, we're close to seeing a cross above the RSI on 55. My next target zone is between 62 to 63. We've made a higher low and now waiting for a higher high close on the daily will signal...
To be brief. Waiting for price to pull back down before considering a long position. Waiting for the following confirmation. Keep in mind that there is plenty of ratio confluence around that trend line - AB=CD completion - Advanced Pattern completion - Price to pull back and respect the underlying trend line and bounce off (possibly pull back to retest the support...
HI All, My chart shows that we have a completed bullish bat pattern along which is also supported with good confluence. We have an interesting week ahead with major economic news events all week so GOLD could go either direction. I have also drawn a trend line from the previous major structure highs. I'm not saying this is a bearish signal for GOLD to go down...
Got a Bullish Cypher on the 60min with a great risk to reward: - Price is respecting the trend line - Cypher D Leg completes just under the trend line. - High probability of extended targets - Price action showing strong trend to the upside making higher highs and higher lows at each cycle. For this example, I've placed two targets levels. For this setup, I think...
AUDUSD Still in that uncomfortable zone between long term bullish and bearish. A break under or above any of these zones will be something to keep an eye on.
Coming off the recent Bat Pattern from 55.6. We now have a cypher. Good opportunity to enter but also good opportunity to look for zones to re enter to go long
Two potential setups. Each providing solid justification to enter. Option 1: We see plenty of confluence at the 55.60 area with an (i) AB=CD completion (ii) Bullish Bat pattern completion and (iii) Ratio Confluence particularly with the 161.8% Extension. Option 2: For a more conservative entry with little risk but potentially high reward. This also sits right on...
Either trade will provide at least a 1:1 risk reward depending on your approach towards this type of setup. For a safe entry with minimize risk to your account, option 2 is the way to go. Cheerts
Gartley pattern completed and price moving in the direction as we planned. Quite a simple setup with a good risk to reward. An additional trend line from the swing low also provides additional weight and justification to enter this trade. **If you look at the weekly chart then you will quickly notice a potential bullish cypher setting up. Thoughts/Comments
I've kept this simple to avoid over populating the chart. Two potential Cyphers setting up which also means multiple options to trade this - Any suggestions or comments? By applying techniques such as ABCD, Fibonacci (Replacements/Extensions/Inversions) etc, you can identify confluence and potential zones for entries and exits. There is also a high probability...
Waitng for D Completion before entering long with initial targets at 57.9 and 59.6. Also looking for extended targets when we see more price action over the next few days or weeks. My sentiment is neutral at this stage as I have a small short position in action as we speak but also looking to go long provided this pattern completes. Cheers