targetline

glennmercer glennmercer PRO EURGBP, 60, Short , 3 months ago
EURGBP: EURGBP Short: Bearish Wolfe Wave
238 3 10
EURGBP, 60 Short
EURGBP Short: Bearish Wolfe Wave
EURGBP has completed a bearish Wolfe Wave setup and may be ready to short toward the target line. Triangle is complete on the APRR oscillator as well. As always, it's a good idea to wait for confirmation before placing a trade. Close below the 1-3 extension would be a good indicator of continued bearish pressure ...
Steven_Maas Steven_Maas NZDUSD, 240, 4 months ago
NZDUSD: NZDUSD downmove with Take Profits
40 0 2
NZDUSD, 240
NZDUSD downmove with Take Profits
NZDUSD reached a new minor accumulation area. New target is well visible as well as the previous one I took last week on wednesday. I'm guessing this is leaning towards a big dip down as the trend based fibonacci extensions miraculously match the important support/resistance levels I drew on the daily chart. A ...
glennmercer glennmercer PRO EURJPY, D, Long , 11 months ago
EURJPY: Long EURJPY: Bat + Wolfe + AB=CD + Divergence (2X) + TL Support
206 0 6
EURJPY, D Long
Long EURJPY: Bat + Wolfe + AB=CD + Divergence (2X) + TL Support
EURJPY is nearing the PRZ of a series of bullish patterns. A medium term bullish trendline may add support to the reversal zone. To add to the bullish bias, MACD and RSI have both printed bullish divergence. Entry is placed in the center of the PRZ with SL below structure lows and Bat X point and target at ...
Bandarsq Bandarsq PRO EURUSD, 30, Long , a year ago
EURUSD: Inverted Head & Shoulders
618 0 16
EURUSD, 30 Long
Inverted Head & Shoulders
Breakout accrued followed by test to the neckline.
glennmercer glennmercer PRO USDJPY, 60, Short , a year ago
USDJPY: USDJPY Short: Bearish Wolfe Wave to Pivot
219 2 6
USDJPY, 60 Short
USDJPY Short: Bearish Wolfe Wave to Pivot
USDJPY has completed a nice bearish Wolfe Wave setup on the 1HR chart. The target line is confluent with the unhit daily pivot for 11/30/15. Entry: Market (around 123.07) SL: Above recent highs TP: Unhit daily pivot R/R: 1.6 Thanks for your continued support and don't forget to click the thumbs up button and ...
glennmercer glennmercer PRO AUDCAD, 60, Short , a year ago
AUDCAD: AUDCAD Short: Bearish Wolfe Wave Complete at Resistance
192 0 9
AUDCAD, 60 Short
AUDCAD Short: Bearish Wolfe Wave Complete at Resistance
AUDCAD has completed a bearish Wolfe Wave setup at a crucial point of resistance. In the Wolfe wave sell zone, two 200% projections are closely aligned. In addition to this, a strong long term trendline sits at current price to provide potential resistance. To add to the bearish bias, MACD is bearish divergent ...
glennmercer glennmercer PRO AUDJPY, 60, Short , a year ago
AUDJPY: $AUDJPY Short: Wolfe, 2 Crabs, Pivots, Divergence, Overbought
156 0 7
AUDJPY, 60 Short
$AUDJPY Short: Wolfe, 2 Crabs, Pivots, Divergence, Overbought
AUDJPY has completed a bearish Wolfe Wave setup in the PRZ of two confluent bearish harmonic crabs. RSI is overbought and has printed bearish divergence. To add to bearish bias, two unhit pivots sit below price. SL is placed above the PRZ with target at .618CD (yellow crab). Confluence in the PRZ: Two bearish ...
glennmercer glennmercer PRO CADJPY, 60, Short , a year ago
CADJPY: CADJPY Ideal Bearish Wolfe Wave
177 2 6
CADJPY, 60 Short
CADJPY Ideal Bearish Wolfe Wave
CADJPY has completed a very nice bearish Wolfe Wave setup. SL is placed above recent highs with target at the 1-4 projection line.
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 USDJPY, 60, Short , a year ago
USDJPY: USDJPY Short: 2 Bats, Continuation of Larger TF Bearish Gartley
203 0 6
USDJPY, 60 Short
USDJPY Short: 2 Bats, Continuation of Larger TF Bearish Gartley
After a bullish Wolfe Wave setup completed for +50 pips, profit-taking may bring the pair back down again. Two confluent harmonic patterns present an excellent R/R for re-entry to catch the continuation of bearish movement related to the daily Gartley pattern (see related ideas). Price has been contained below ...
glennmercer glennmercer PRO AUDUSD, 240, Long , a year ago
AUDUSD: Long AUDUSD: Wolfe, Bat, Trendline, Butterfly & Unhit Pivots
586 8 17
AUDUSD, 240 Long
Long AUDUSD: Wolfe, Bat, Trendline, Butterfly & Unhit Pivots
AUDUSD is nearing the PRZ of a cluster of bullish patterns. A large bullish bat contains a bullish butterfly in its D leg. In the PRZ of these two patterns, a bullish Wolfe wave setup has been completed. A D1 trendline sits at the base of the PRZ and may act as support when price reaches this area. To add to ...
glennmercer glennmercer PRO AUDUSD, 60, Short , a year ago
AUDUSD: Short AUDUSD: Wolfe Wave + 3 Patterns at Trendline Resistance
377 0 12
AUDUSD, 60 Short
Short AUDUSD: Wolfe Wave + 3 Patterns at Trendline Resistance
AUDUSD has entered the PRZ of 3 bearish harmonic patterns. The zone falls in the sell area of a bearish Wolfe Wave and is backed by strong resistance. SL is placed above bat completion. Targets are set at .382 and .618 retracements of CD. Confluence in the PRZ: Bearish bat pattern completion (2X) Bearish crab ...
glennmercer glennmercer PRO GBPJPY, 240, Short , a year ago
GBPJPY: GBPJPY SHORT: 3 Harmonic Patterns + Wolfe Wave + Pivots
312 2 8
GBPJPY, 240 Short
GBPJPY SHORT: 3 Harmonic Patterns + Wolfe Wave + Pivots
GBPAUD may potentially complete 3 bearish advanced patterns which would all be confluent with a bearish Wolfe Wave setup. To add to the bearish bias, an unhit weekly pivot sits below price. This provides for a nice target since it coincides with .618CD. SL is placed above X. KILL ZONE CONFLUENCE: Bearish ...
glennmercer glennmercer PRO EURJPY, 60, Short , a year ago
EURJPY: Short EURJPY: 5 Reasons
227 0 7
EURJPY, 60 Short
Short EURJPY: 5 Reasons
EURJPY is showing bearish price action in the PRZ of multiple confluent harmonic patterns. After completing a bearish bat, price was rejected at the PRZ and is retesting the reversal area. In this area we have two bearish butterflies that have completed at trendline resistance and a bearish Wolfe wave setup as ...
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 GBPCAD, 240, a year ago
GBPCAD: GBPCAD OUTLOOK: BULLISH SHARK TO BEARISH 5-0 CONTINUATION
170 0 4
GBPCAD, 240
GBPCAD OUTLOOK: BULLISH SHARK TO BEARISH 5-0 CONTINUATION
My daily outlook on GBPCAD is bearish, but I see one more bounce occurring before bearish PA continues. A bullish shark will potentially be completing at point 4 in a parallel channel. Traders who are short this pair, like myself, may think about taking profit in the PRZ and re-entering after this move is ...
glennmercer glennmercer PRO NZDUSD, 240, Short , a year ago
NZDUSD: SHORT NZDUSD: WOLFE WAVE + GARTLEY + TREND FOLLOWING
434 0 10
NZDUSD, 240 Short
SHORT NZDUSD: WOLFE WAVE + GARTLEY + TREND FOLLOWING
NZDUSD completed a bearish Wolfe Wave pattern last week and is nearing the PRZ of a bearish Gartley to possibly continue its movement south. This pair has been in a 14 month long downtrend and the steep pitch of the 1-4 Wolfe Wave target line signifies a deeper continued drop is possible. Those who missed the WW ...
glennmercer glennmercer PRO EURAUD, 60, Short , a year ago
EURAUD: Short EURAUD: Bat + Alternate Bat + Wolfe Wave
120 0 5
EURAUD, 60 Short
Short EURAUD: Bat + Alternate Bat + Wolfe Wave
EURAUD showed great strength today after hawkish comments from ECB president Mario Draghi sent it rallying through my previous PRZ. I am again bearish on this pair as there are two bat setups completing near an optimal Wolfe Wave sell zone. A new daily pivot sits below price to add to the bearish bias. Targets ...
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