Alexander_Nikitin
Short

Just look at this risk to reward. Isn't the setup worth trying?

FX:GBPAUD   British Pound/Australian Dollar
hey, traders. Look at the piscture. We had two impulses in one direction separated by correction which is the definition of a trend. Then the trend was stopped by a new structure high. After that we had two impulses in one direction separated by correction again. We know that usual trend's length (until it stops by nsh/nsl) is two impulses. So I don't expect to get extended move here. Just a retest of lows. Stop is above X. Cheers.
This pattern was found with Pattern Search Software (c)
Watch the sample video here: https://youtu.be/tOTwDE_aY90
Contact me in PM if you wish to get your copy
Best regards, Alexander Nikitin.
Fulltime professional trader and programmer.
emadudin
a year ago
Hello dear sir it means GBP/AUD will come down till 2.13887?
Reply
Alexander_Nikitin TOP emadudin
a year ago
No, it doesn't mean that gbpaud will come down till 2.13887. I means that gbpaud will either go there or it won't.
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AndreValentin
a year ago
I think you could also take a opportunity on the bullish side . it looks like it just formed a cup with handle. it looks like. just waiting for a breakout. thanks for the analysis
Reply
Alexander_Nikitin TOP AndreValentin
a year ago
I don't trade this setup
Reply
Alexander_Nikitin TOP AndreValentin
a year ago
I mean cup woth handle setup)
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marcus123
a year ago
"We know that usual trend's length (until it stops by nsh/nsl) is two impulses"; Can you say where you get this information? thanks
Reply
Alexander_Nikitin TOP marcus123
a year ago
Backtesting
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saravana_rm
a year ago
Excellent! I will be selling this pair @ 2.1587 if price pull back into previous support. Thanks for sharing.
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OMG!! That was a perfect strike!!! I'm pinching myself. I mean I bailed out at that level of support around 2.15, as I couldn't have imagined that it would break down. Learning.. learning.. getting towards the 'fearless' state.
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Alexander_Nikitin TOP Captain_Walker
a year ago
yes, mate, it was nice))
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Alexander_Nikitin TOP Captain_Walker
a year ago
#4 principle of consistents success: "I act on my edges without hesitation or reservation". Just be mechanical))
+1 Reply
KVE PRO
a year ago
Very nice!
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MIchaelTran
a year ago
god! this is perfect
Reply
Alexander_Nikitin TOP MIchaelTran
a year ago
Thanks, mate. Check the related ideas. They have the same setups working the same way. Click follow button if you'd like to stay updated with my ideas.
+1 Reply
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