Possible gartley forming! Point B is a good entry point for a long if you are impatient and don't want to wait for a completed pattern. Happy trading, go make some pips!
This my new setup formation on D1 timeframe and we were looking for set sell limit on Eur/Usd.We looking at comparison at Investng.com which is the trand was NEUTRAL formation.My technique on fibo line setup very clearly to get a formation on shorting the stock.will see for next week movement prices.
I think its time for gold for small repair and i am placing buy possition on 1253.52 and my first target 1278 - then 1306 ,and then i will sell again :) Keep some good money management on that,very good risk reward ratio :)
OANDA:AUDJPY Oportunity yo short AUD/JPY with the completion of the ABCD pattern on the 30min. Chart
usdjpy sell the breakout with 1:4 r/r ratio
OANDA:EURNZD Bearish AB=CD Pattern with a small retracement of the AB and an over extended CD RSI divergence and exiting the overbought zone MACD crossover and histogram going into negative territory initial target 0.382 retracement at 1.54065 (previous structure)
OANDA:GBPAUD Looking for an oportunity to enter on smaller time frames since the Pattern already completed Rsi just went from overbot to neutral area having Divergence MACD turned positive and have a crossover initial target is 1.73859 zone
On the GBPJPY we are waiting patiently for price action to confirm the downside momentum as we await the UK open. So far so good we are just waiting for a new low at 133.4.
A friend asked me to create a setup that he could have on his phone and he could get alerts on potential trades. So this is what I came up with a slight modification of a system I have on my desktop. 5/21 Cross with a couple Friends! Setup: 1) 30min Chart Only 2) 5EMA and 21 EMA 2a) I added a ribbon to make it easier to see on a phone. 7,9,11,13,15,17,19...
on the AUDJPY I'm waiting for the breakout and confirmation of supply areas as highlighted on the weekly and daily charts. Again I'm using trend (which is down) to assume that the breakout of Price Action(PA) will be down. As we look to the downside we look to break a demand(support) area from 2009 as highlighted on the weekly chart. To find out more about my...