I'm still new to drawing those kind of patterns, so correct me if I'm wrong, thanks in advance :) But yeah that could be a scenario.
over all view is a up trend just begin so all to do is look for a continuation patterns as ( triangle , flags pennants wedges ,etc ) and buy
Here the other possible propulsion area. Woring and sharing ;D
Possible head and shoulders short position here. If the neckline does break, I expect a move to the previous low. Good luck!
Hi there. We have a good butterfly pattern in a daily range. The minor trade have been put into play because of the state of the price in lower timeframes... As soon as the price fall till our biggest trade, it will be overextended. Stops loss is really good in both. Hope the best.
First, credit for this idea must go in large part to our esteemed Alexander_Nikitin, who posts so may solid trading ideas here, using his XABCD pattern strategy rules.This idea of mine comes from his post linked below on USDCAD, and is another example of an idea that has been percolating form a while. As I have been studying both Elliot Wave and harmonic (XABCD)...
Hey Traders, Bat Pattern completion at 0.72214, Targets at the 38.2 Fib Retracement of the A-D leg with stops being at the 1.272 Fib Extension of the A-D leg. Butterfly Pattern completion at 0.70965, Targets at the 38.2 Fib Retracement of the A-D leg with stops being at the 1.272 Fib Extension of the A-D leg. Trade Your Plan!
Waiting on the President to speak and looking to trade the momentum in either direction... 250+ Pips SELL to BAT (D) PRZ assuming we breakout lower! 250+ Pips BUY from BAT (D) PRZ 250+ Pips BUY if we break higher out of Triangle Good Luck! KEEP THE RADARS UP!!!
GOLD has recently been bullish non stop. and It has rejected the 1263 level I predicted. In order for me to sell confident, I would like to see a clear break and retest of the 1240 level, and confluence of the trendline retest. If that doesn't happen, I won't be risking my capital.
Massive MACD divergence on H4. Decent triple top on H1-H4. Daily rejection of key level. FIRST TRADE PLACED ON MY NEW TRADING ACCOUNT. 2% RISK. LETS GO
This one seems like a no brainer and makes me want to short now even though my strategy calls for me to wait for a candle reversal. Price has tested this area multiple times. And the long term EW count supports it. Stop nice and tight just above the resistance area.
Here is a perfect example of a harmonic pattern but not a harmonic pattern opportunity! An ideal Deep Crab that has many WARNING SIGNS. The Terminal Bar (the exact completion point in the PRZ) and RSI condition are less than ideal. Also, Harmonic Traders must understand that the EXECUTION PHASE of any harmonic pattern OPPORTUNITY does not begin until Terminal...
Very simple setup here on GBPCHF. Look for short positions if price gives a good reaction at the top of the current pattern.
The current structure for Gold is an ascending channel. Expect another move up whenever price reaches the bottom of the channel.