Here I see a price action trade along the linear regression line with standard deviation set at 2 and -2. I also believe this may be an Elliot wave cycle. If i remember correctly, the third wave, should be about the same length as the first wave, so i have placed my limit at the 1.618 extension of the second wave, just to be safe (remember, still learning price...
I see a Bat pattern in the AUD/JPY 30 min chart, around the 96.810 area. The market here seems to be in an uptrend, so it isn't bad to assume that the market could break out of consolidation and continue trend. But I believe since the market will be testing highs for the year, the market will complete the pattern and reverse down into the 1.618 extension of the...
We placed NZDUSD on our radar during yesterday's Live Room session and have been tracking it ever since. I apologize in advance, but the analysis that I did on this pair is somewhat advanced so I'm not going to attempt to duplicate what I shared with you in last night's Syndicate video. Honestly speaking it's a lot clearer on the 13 period range bar charts (as...
VIDEO: www.youtube.com Good morning traders, we're sitting on 800+ pips to trading harmonics for the past 2 weeks and we're ending out the month on a good note at that. Let's take a look together at the DXY and the EUR/USD and await the FED news for potential trading opportunities. Thank you for all the support everyone, means the world to me. Star...
Good morning traders, I'm looking for a short here on the EUR/USD 1 hour chart. We have turned around at the 127% extension with previous structure and created a nice PRZ. Waited for the market to pull back into a tweezer formation and shorted the market in a potential move to previous resistance becomes new support. Star Prosper Philip Stewart
A lot going on here on the GBPJPY so instead of writing a long explanation (plus I need sleep) here's a video explaining just exactly what I'm looking at. www.youtube.com Akil Stokes
For ease of viewing I am going to include the other possible valid count below. However, currently I am favoring the above count. The reasons why will be listed below. Note that both of these counts are overwhelmingly bearish on a higher timeframe. Any bullishness is going to be quickly and violently stomped out. Being long at this point is very risky, and being...
EDIT 2: This chart was the obvious winner... Wave 2 are rarely triangles. This is the alternate count that I am currently favoring over the last chart I published (). Looking at the 3H and above there is a pretty big bullish divergence all the way up to the 12H. My original thinking, that I published in my other chart, was that since wave v (on the current...
Great place to start re-opening shorts with a tight stop-loss. Counts on the lower time-frames support the ending of Wave 5 of 5 of c of 2 of (3) There's also a big bearish momentum divergence on the AO at this time-frame and a 62% retracement of wave 1 of (3). Since this appears to be a Wave 3 of (3) on the horizon the next drop will be extremely strong. Bulls...
www.youtube.com Please check out the video above explaining the trade. Star Prosper Philip Stewart
One of my current clients is a big trader of the German DAX so i find myself looking at this index on almost a daily basis. The more I look at it, the more I enjoy breaking it down as it seems to be a pretty technical friendly chart. When taking a look at it today in my Live Trading Room we noticed a few things. The obvious structure level looking left, the...
Hi guys, USD/CAD is the pair that is on my watching list for this week and is very interesting. The level that I am watching is 1.1917 which can a trend line from 07/2013. Also lets keep in mind that the H&S has already hit target and looks like we are in 5 waves up in this pair. Time for correction or reversal? I don't know, but thing is for sure, if he gets...
Almost everything @ final leg... which one you will trade and please share the idea why you trade? So everyone can learn some new techniques Here is my idea : I will sell this pair between 0.7812 - 0.7839 if i get a bearish divergence in RSI. If RSI make higher high I will wait for the price to reach @ 0.7900 to complete the Gartley Happy Holidays! Bel-AIr Trades
This setup is part of the FX Weekly Markets Analysis goo.gl The WMA setup was based on a Fib extensions confluence zone and a possible daily Wedge pattern. My targets are up to 200 pips for this trade but it can be an even bigger move if we will see the confirmation signals I'm looking in this trade. Today's Ourside Bar gives another potential reversal pattern...
New lower low, waiting for retest of previous low. Sell at confluence with 50% fibonacci retracement of the last swing low. T1 at structure (blue dotted line) which is 1.27 fibonacci extension of the last swing low as well. T2 at 61.8% retracement of the main swing high in this chart
I didn't take this trade, as it was after the fact. I saw this formation and wondered if this was valid or not. The rules call for the C point to hit the 1.27 extension, which it did. The rules also call for there to be a close beyond A, which happened, but not a cleanly as one would like. I'll be sure to keep an eye on future Cypher patterns to determine...