Hi Guys. I believe one of the most powerful tools in any traders kit is the fibonnaci levels, whatever way one decides to use them. The attention paid to these levels means there are a great number of traders at those levels which allows for great trading opportunities in what is essentialy optimal trading zones or areas of value. I find personally the 1.618...
Shark harmonic pattern complete with the fibonnaci requirements almost to the dot. Invalidation of the shark is greater than 1.13 extension and the Nasdaq has stopped just shy of that. 4 hr massive RSI divergence. Daily RSI overbought. Double top on 4 hour chart. The grey shaded area is the entry point 0.886 extension to 1.13 extension of the shark pattern......
Hi guys.. just a trade setup some might be interested in. Nasdaq buy at support Nice confluence of reliable bat pattern Anchored vwap from previous low 50 ema Daily support Trade entry can be on 15 or even 5 min chart... when get rsi divergence and a double bottom or inv hs in the bat pattern buy zone.
Hey Traders, Dow Jones 30 is looking like its starting its retracement/pullback after the last few days of bullish price action. Hourly has made a double top as well as a 5 wick rejection ( for those who havent used this chart pattern .... it is very very powerful and accurate and provides big moves) The retracement is at 61.8% fib from the low and a pullback to...
Hi Traders. I would just like to know what you guys think about a potential setup on NZD/CAD that Ive been keeping an eye on for a while. I am currently long on this pair from the break of structure around October. Weekly RSI was showing massive bullish divergence in oversold territory coming into strong support after a big drop . The pullback from mid December...
Hi guys. AUD JPY has just broken below structure and now presents some great swing trading opportunities that are very obvious on the chart. The circle that I have highlighted could prove to be a great sell entry as it is confluence of downward resistance trendline (red trendlines), upward support trendline that was broken and highly likely will also act as...
Hi guys AUD NZD is currently in a great area of value where price has reacted to multiple times in the past. $hr chart has printed a double bottom with a nice hammer candle. Great Risk Reward trade here.
Hi guys, US Tech 100 /Nadaq has just printed a double bottom on the 1 hr time frame. Good risk rewaerd setup. Also the 15 minute chart has formed an inverse head and shoulders now... can enter long on 15 min with break of neckline.
Hi Guys NZD CAD is right now at a great area of value where price has reacted in massive moves previously. The 4hr chart has printed a double top which also has 5 wicks to cut across the top.... (a really stong confluence on any top) Great risk reward here ... take profit at 23.6 fib of recent bottom to current high. use proper risk management as always.
Cad/Chf right now at key zone that has been used as support and resistance multiple time. Also the tests of this zone have been recent and moved the market significantly. Resistance from broken trndline above price for confluence. Good RR trade opportunity on 1 or 4 hr using candlestick or chart pattern for entry.
Hi guys, Eur/Nzd right now at first return to resistance turned support. Big RR trade opportunity on 1 hr timeframe with candlestick pattern for entry in that zone.
US 100 has formed a picture perfect inverse Head and Shoulders pattern after a strong close on Friday. Aggresive entry before price clears neckline... conservative entry wait for break of neckline and retest. Move up to trendline resistance/ 200ma is golden zone fib retracement also. Either way a move up to the 200MA and trendline resistance looks likely.
Hi Peoples. Just my two cents worth here. I'm using chart for Russell 2000 as pattern and Bullish candles on there are better formed than the Dow, S&P and Nasdaq, but they will behave almost the same in terms of movement in the market. I am going long on indexes and reason why is 1. Double bottom on Weekly chart (for russell 2000), with a very bullish...
USD CHF looks to be forming a VCP....volatility contraction pattern....made famous by legendary stock trader Mark Minervini. If the pattern does play out succesfully (dependant on how dxy behaves)...we could see a very strong breakout to the upside.
Eur/Cad has broken neckline of inverse Head and shoulders. great opportunity for long position (preferably on lower time frame 4h or even 1h for better entry and risk/reward) when price retests neckline.