LOOKS LIKE THE CORRECTION IS ABOUT OVER!! If we are - and i very much think we do- at the start of the uptrend we can make lots, and lots of pips. ! Here's why, the higher trendline of the BB% is almost being touched with an almost oversold RSI. The same place was back in the 99's 00's at an overbought spot but now it is heading to oversold.The last monthly...
After a sharp move down , on a 60M chart USDJPY is correcting itself up, I'll wait for a break down to sell this pair.1st target would be 1.27 extension and the 2nd target 1.618 extension.
0.618&1.618 fibo res trend line breakout stock & oil may meet a retracement sell on rebound(watch 0.7550/60) see downside move to 0.7380/0.74
0.618retracement 1.618 tunnel good risk/reward ratio
This pair has been bullish in the wake of the ECB's rate cut and the increase in QE. We have nice zone (1.1215-1.1225) where we have a one-to-one confluence, a 1.618 inversion, and a .886 Fib retracement. This could be a potential zone to get long in the underlying trend. Look for price to reject this zone first before getting long. I would have my stops just...
SPX enters the key area for its nearest future as the price came up to 0.764 fib ret of the last downward move and the 1.618 extension of the AB leg in the potential structure pattern. Look for the signs of weakness on 1H chart (divergence on RSI or price channel breakout) it may be goog risk reward short trade with stops above 2120 and potential targets...
GBPCAD has completed a bullish bat on the 15m TF. Zooming out to 1HR we can observe a double bottom forming at the PRZ. Two longer-term trendlines provide added support at this level. The daily TL also forms a potential bottom barrier of a triangle pattern where the first bottom serves as touch four. Targets are placed at structure high and 1.272/1.618...
Long due to fibs and the big bullflag (zoom out to 4hr) Stoploss below last lows and target at the 123 psych level! And as always, hold your thumbs!
Possibility 1:A-B-C Possibility 2: A-B-C-D-E
Here i have drawn for you a complete wave series and a corrective series that should end in a bat pattern formation followed by a reversal. There are several ways to approach this trade, and since the markets aren't moving on the weekend, i will go ahead and approach all the ways I know. First we have the trade the wave strategy, in which I would buy at the...
here we have a fairly solid cypher pattern about to complete. it follows my strategy )(bullish patterns point D is in the negative deviation area) therefore i believe this will be a solid pattern. Instead of waisting your time with all the information , i'll keep it short for a 1 hour trade and under Limit: 1.618 extension of the BC leg Entry : point D Stop:...
Here we have an entry supported by the individual markets as well as the pairing in the Forex market. If you recall,( linked below) I have moment down on the Dow (USD) and moment up on the ASX200 (AUD) . these combined moments plus this cypher pattern suggest that this trade will be more than successful, making us 291 pips for take profit one and 700 pips for...
I got this idea from a chart image Lowstrife posted in chat a little earlier today that highlighted how similar this current H&S reversal is in structure to the one that played out in May 2014. I took a closer look myself by plotting the neckline on the current one that just completed on my chart in wisdom & was amazed to see how it almost perfectly lined up with...
My titles can be fancy as you can tell. And on a more serious note, check out this trade. We have a clear as day Cypher pattern completed , I picked up a nice 25% gain on that swing , then we see a fairly solid Gartley pattern complete right after (both Bearish) Like all gartley patterns, i am trading it to the 1.618 extension of the BC leg. I too the profit...
Here I found a bat pattern developed and completed in the negative deviation range of the AUD NZD chart. my strategy suggests that the market will rally up into positive deviation before correcting for trend continuation. I have place my entry at point B to Verify reversal after point D I have placed my Stop at point X for the break below close below bust !...
herre we see a fairly solid gartley pattern on the gbp jpy charts. like all gartley patterns , I expect the market to complete the patteren , and then continure to rally to the 1.618 extension of th BC leg. I have support form the linear regression channel, which suggests that the market is low, and should rally back up into the positive deviation. I have places...
Here we see a butterfly pattern on the Nzd/ USD charts. the pattern has completed in the negative deviation of the last 100 moves. According to my strategy, if a bullish harmonic completes in the negative deviation area, it is likely that the market will rally back up into the positive deviation. The only thing to worry about here, is that over the last 200 moves,...
Here we see a Bearish Gartley pattern completed on the Usd Jpy chart. As all of my trades , you will notice that the pattern has completed suggesting a reversal, in the Positive deviation range, which means that we can assume that the market is going to reverse back down into negative deviation. Some people would consider this price action or channel trading , I...