monthlypivot

glennmercer glennmercer PRO GBPUSD, M, Short , 3 months ago
GBPUSD: Cable Monthly H&S - Wait for Bounce
163 0 10
GBPUSD, M Short
Cable Monthly H&S - Wait for Bounce
There is a clear head and shoulders pattern complete on the monthly chart for cable. Instead of shorting the pair immediately, I'd rather sell it from the 1.6 area to create a higher R/R and minimize risk. If we see a monthly pinbar for August I will be buying the pair up to this level on the 1-4 hour TF. ...
glennmercer glennmercer PRO NZDCAD, 240, Short , 5 months ago
NZDCAD: NZDCAD Short: Wolfe Wave + Expanding Triangle at 50% Retrace
162 0 11
NZDCAD, 240 Short
NZDCAD Short: Wolfe Wave + Expanding Triangle at 50% Retrace
After the RBNZ announcement cancelled the last NZDCAD short, a new opportunity has presented itself. A bearish WW has formed with the touch of the 2-4 parallel confluent with the 50% retracement level. We also have a potential E point of an expanding triangle complete which may mark a larger reversal from these ...
amanpaulbhogal amanpaulbhogal EURUSD, W, Short , 6 months ago
EURUSD: Weekly time frame analysis of EUR/USD
57 0 4
EURUSD, W Short
Weekly time frame analysis of EUR/USD
Please see annotated chart for details.
glennmercer glennmercer PRO GBPAUD, 15, Long , 10 months ago
GBPAUD: GBPAUD Long: Breakout to New Monthly Pivot
366 1 11
GBPAUD, 15 Long
GBPAUD Long: Breakout to New Monthly Pivot
GBPAUD has broken a bearish trendline and could possibly reach its new monthly pivot for February, 2016. This is a simple mean reversion trade based on structural S/R and a trendline breakout. Support may be found at the 200SMA and 200EMA lines in addition to S/R from structural lows. The short-term bullish ...
glennmercer glennmercer PRO EURCAD, 60, Short , 10 months ago
EURCAD: EURCAD Short: Bearish 5-0 Accompanied by Bat
134 0 7
EURCAD, 60 Short
EURCAD Short: Bearish 5-0 Accompanied by Bat
EURCAD has been trending upward for a couple of months and has recently shown signs of weakness and a potential reversal. The 5-0 pattern is a great way to enter on the reversal. The entry is placed at 0.5BC which is confluent with the completion of a bearish bat pattern. SL is placed above structure highs and ...
glennmercer glennmercer PRO GBPJPY, D, Long , 11 months ago
GBPJPY: Long GBPJPY: Bat + Crab Complete at Weekly Trendline Support
258 0 4
GBPJPY, D Long
Long GBPJPY: Bat + Crab Complete at Weekly Trendline Support
GBPJPY has entered the PRZ of two bullish patterns on the daily chart. The PRZ aligns with both horizontal and trendline support which may add to the potential for reversal at this level. Multiple unhit monthly and weekly pivots sit above price and may help pull price toward target. To add to bullish bias, MACD ...
glennmercer glennmercer PRO USDCAD, 60, Short , 11 months ago
USDCAD: USDCAD Short: Bearish Gartley in S/R Zone
256 0 9
USDCAD, 60 Short
USDCAD Short: Bearish Gartley in S/R Zone
USDCAD is nearing the completion of a bearish Gartley pattern. The PRZ falls inside of a significant S/R zone, adding to the probability of a reversal at those levels. With a potential upcoming rebound in oil this could provide a nice entry for a larger bearish move toward the missed pivots sitting below price ...
glennmercer glennmercer PRO AUDCAD, 240, Short , a year ago
AUDCAD: AUDCAD Short: Gartley, 2 Crabs, Wolfe Wave, Pivot, S/R
286 0 6
AUDCAD, 240 Short
AUDCAD Short: Gartley, 2 Crabs, Wolfe Wave, Pivot, S/R
AUDCAD has completed a series of bearish patterns at an important .382 retracement level. Two bearish crabs are confluent with a bearish Gartley pattern and a bearish Wolfe Wave 2-4 parallel. To add to the bearish bias, the unhit pivot for the month of December is precisely confluent with 50% retracement of the ...
glennmercer glennmercer PRO CADJPY, 60, Short , a year ago
CADJPY: Short CADJPY: Gartley + Wolfe + TL + Pivot
253 1 12
CADJPY, 60 Short
Short CADJPY: Gartley + Wolfe + TL + Pivot
CADJPY has completed a bearish Gartley pattern and has thus far respected its resistance in the potential reversal zone. The Gartley PRZ falls in the sell zone of a bearish Wolfe wave which produces a confluent target with the harmonic pattern. To add to bearish bias, an unhit monthly pivot sits below price. SL ...
glennmercer glennmercer PRO EURGBP, 240, Long , a year ago
EURGBP: EURGBP Cypher, Wolfe Wave Complete at Support - Ending Diagonal?
536 5 11
EURGBP, 240 Long
EURGBP Cypher, Wolfe Wave Complete at Support - Ending Diagonal?
EURGBP has produced a bullish cypher pattern in addition to a number of other bullish signals. The PRZ of the cypher lies at a major support trendline (see chart below). A bullish Wolfe wave setup has been completed in the same area. Bullish RSI divergence is present and is also oversold at the PRZ. To add to ...
glennmercer glennmercer PRO EURUSD, 60, Long , a year ago
EURUSD: Long EURUSD: 1H Bat Complete in 4H Gartley PRZ
531 2 9
EURUSD, 60 Long
Long EURUSD: 1H Bat Complete in 4H Gartley PRZ
EURUSD has completed a bullish bat pattern inside of the PRZ of a larger TF bullish Garltey. Moving into the bat PRZ, RSI and MACD have printed bullish divergence. To add to the bullish bias, an unhit pivot cluster sits above price and coincides with .382 retracement of the Gartley CD leg. Targets are placed at ...
glennmercer glennmercer PRO GBPUSD, 60, Short , a year ago
GBPUSD: Short GBPUSD: Bearish Crab + Pivot Cluster + Wolfe + S/R
470 0 8
GBPUSD, 60 Short
Short GBPUSD: Bearish Crab + Pivot Cluster + Wolfe + S/R
GBPUSD has formed a potential bearish crab which contains a PRZ that coincides precisely with an unhit pivot cluster and a potential Wolfe Wave target. As profits are taken at the pivots, price may have a tendency to reverse quickly and drastically. SL is placed above a significant support and resistance area. ...
glennmercer glennmercer PRO OPK, D, Long , a year ago
OPK: Buy OPK: Bullish Bat Complete at Psychological Support
215 0 1
OPK, D Long
Buy OPK: Bullish Bat Complete at Psychological Support
OPK has completed a bullish bat pattern at an excellent support level. Price is showing clear signs of respecting the tight and confluent PRZ and may begin to reverse toward the upside in the next couple of days. The company has strong fundamentals with Phillip Frost's outstanding track record in ...
glennmercer glennmercer PRO AUDCAD, 60, Short , a year ago
AUDCAD: AUDCAD T2 Achieved: Now Short at Bearish Deep Crab
149 0 3
AUDCAD, 60 Short
AUDCAD T2 Achieved: Now Short at Bearish Deep Crab
AUDCAD has achieved T2 of the bullish crab idea that I recently published (see below) and has now completed a bearish deep crab pattern. The PA has respected the 1.618 projection of xa and it is time to look for a short entry. Confluence in the PRZ: 1. Bearish Deep Crab Completion 2. Weekly Pivot 3. September, ...
glennmercer glennmercer PRO AUDJPY, 60, Short , a year ago
AUDJPY: AUDJPY Short: Gartley Complete, Target at Weekly Pivot
201 0 2
AUDJPY, 60 Short
AUDJPY Short: Gartley Complete, Target at Weekly Pivot
AUDJPY has completed a precise bearish Gartley pattern after a .618 retracement of the xa leg followed by another .618 retracement of ab. Although the pattern is technically complete, Gartley patterns will often test all of the levels in their potential reversal zones which typically consist of the area between ...
glennmercer glennmercer PRO EURCHF, 60, Short , a year ago
EURCHF: EURCHF Short: Ending Diagonal & Wolfe Wave Reversal to Pivots
157 0 0
EURCHF, 60 Short
EURCHF Short: Ending Diagonal & Wolfe Wave Reversal to Pivots
EURCHF has completed a possible ending diagonal and has made a reversal in a confluent PRZ. Wolfe Wave theory defines the sweet zone, or the area of a probable reversal, as the area between 1-3 and the 2-4 parallel extension from point 3. Similarly, EW theory suggests that wave 5 will often overshoot in an ending ...
glennmercer glennmercer PRO GBPCAD, D, Short , a year ago
GBPCAD: GBPCAD Short: Bearish 5-0 Pattern Complete
277 4 3
GBPCAD, D Short
GBPCAD Short: Bearish 5-0 Pattern Complete
GBPCAD has satisfied the conditions of a bearish 5-0 pattern at the 50% retracement of the CD leg. Missed monthly pivots for June and July of 2015 will likely help drag the pair down to the target area. There is tight zone of confluency around 1.978 shared by .786 XO, 1.272BC projection, and .786BC=DE, which ...
glennmercer glennmercer PRO EURGBP, 60, Short , a year ago
EURGBP: EURGBP SHORT - BEARISH BAT COMPLETE
160 0 2
EURGBP, 60 Short
EURGBP SHORT - BEARISH BAT COMPLETE
EURGBP has completed a bearish bat near significant trendline resistance. An unhit monthly pivot may drag the pair further past its X origin and toward the territory of 3 potential long opportunities.
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