Idea is based on Elliott wave theory. More info on the chart. Please make sure to check out my previous linked idea to get the bigger picture. good luck
There is Cypher which - when lucky - could go to D point of bat . I will try to take it with great 6:1 risk reward ratio. Notice - today we will have Reuters/Michigan Consumer Sentiment Index news. The Reuters/Michigan Consumer Sentiment Index released by the Reuters/University of Michigan is a survey of personal consumer confidence in economic activity. It...
Confluences: 1/ trend 2/ PA ( high test followed by inside bar ) 3/ Monthly & Weekly resistance of 0.7060 4/ 50% fib retracement additional info: * H&S - pattern on intradays * a lot of traders are already short since the 0.7135 resistance test
Confluences: 1/ with the recent formed downtrend 2/ Broke TL + retest 3/ Tested the 130.000 weekly resistance 4/ Bounced of the 50% fib. 5/ high test, followed by inside bar set up, followed by another high test 6/ 50 & 60 EMA's bounce
This is a 0.5% risk trade I am currently in. the downward move looks impulsive to the downside and I guess there is still high probability to continue going down. And from looking at AUDUSD (still to go down) and NZDUSD (going up and currently finishing wave 2 down) this trade seems ideal :) another "conservative"short entry could be entered after the price...
Hi all, Here we have a Bearish Gartley that might be setting up. D leg needs to complete at a 1.27% which also gives us a nice AB=CD pattern WE ALSO HAVE A NICE RISK REWARD ON THIS PATTERN STOPS ABOVE X LEG TGT1 0.382% TGT2 0.618% GOOD LUCK!!!
Right now we have a great opportunity on USDCHF, spotted just now. Previous supports and resistances (also seen on 4H chart) + Fibonacci and candlestick formation. I'm already long on it :D Remeber, it;s just and idea and it's your decision whether to trade this or not.
Here we see a solid Cypher pattern on the dollar index. the reason i have elected this trade is because the cypher pattern here suggests the market will complete the larger crab pattern on the daily chart. I believe that this completed cypher pattern will rally short all the way down into the 1.618 extension of the BC leg. I have placed my entry at the lowest...
Another penny stock, today has been a very uneventful day in my Forex portfolio as you can tell. Here i have found a butterfly pattern in the american eagle energy corp. The pattern is a little weak, meaning it isn't a perfect pattern, so the results may very. I have placed my entry at the lowest low of the pattern , my stop at previous structure resistance...
I see the market in consolidation between $.74 and $.78. It appears that there is a crab pattern forming with a potential reversal zone at the .72225. Upon completion of this pattern the market should rally to the 2.618 extension, or the nearest structure support which appears to be around the .79000. My stop loss is placed at 100 pips below the potential reversal...