GOLD 2618 TRADE AFTER CPI
Hello Guys, Long time no see
After CPI data, Gold break down 2340 and fell
to 2319, Now the price pull back to 0.618 level
which is great place to short!
Aim 2290 and 2200
SL above 2360
FED is unlikely to cut the rate before Sep
DXY will be strong in the next few months
In this 1-hour timeframe, NASDAQ has formed a bearish ABCD pattern, with the reversal point aligning with the previous peak. It rejected it strongly. This signifies a strong resistance zone formed around the 15250 area and it suggests that bears might be gaining control. Additionally, a notable 2.618 setup has emerged, characterized by two peaks followed by a...
OKX:LRCUSDT.P
First for the bullish side;
We have 2618 + Libra + Bullish Gartley we just need a last price action signal.
After position opened if it would be possible indeed, Bearish Cypher will be the maximum target and we will reverse the position.
Looking for a price action signal is very important.
May the force be with you!
My experience and my words only I see that gold will settle the same scenario as the previous year and so on! ❣️
This analysis fails if it breaks the 2075 candle and opens a candle above it for a whole day!
We await the liquidity of the sellers whales and decide
OKX:1INCHUSDT.P
Bearish 2618 is the main setup as you can see on the graph.
The level is also a support & resistance transformation zone.
Current price accumulation indicates that if the blue line breaks with solid momentum, it will be easy to reach the level which we prepare to short.
So, an experienced trader (who can stop the position if needed) may...
BINANCE:EOSUSDT
Strong Resistance @Mulitple Top Levels are about 1.30
Strong sell of and after recover with a Bat formation which completes @ 618 retracement
With a price action signal the setup has already in execution plan but If blue arrow happens, the position arrangement will be very easy for risk reward plan.
Good Luck Everyone!
BINANCE:ATOMUSDT
Before FOMC Minutes,
We are planning to trade 13.5 level with a tight stop arrangement.
Bullish Gartley & 2618 setups are our main trigger conditions.
We have also 4H 200 EMA support on this level.
Good Luck Everyone.
Traders, after a double bottom or a double top happens, what's your trade plan? Personally, I'm waiting for a pullback to 0.8926 for a buying opportunity.
A 61.8% pull back after the market double bottom on the daily chart. I'm waiting for a buying opportunity on the double bottom retracement zone.
As I went down the timeframe, I've spotted an opportunity. An ABCD Pattern form and completed near the bottom of the preferred retracement zone I'm waiting for. Let's see how this trend ends.
Litecoin TA
cypher pattern rules
2618 trade setup rules
educational use only
rule based trading
This is just a guess and you should manage risk accordingly
GL
IF YOU FOUND VALUE
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THANKS
If you had joined us last night, you would have seen how we use the Double Top Retracement zone and project a Bullish Butterfly completion that hit our final target level.
The market sort of did a rebound after it "woke up" from the ungodly hour.
Check out the live stream and you can see how the analysis was done at , you could watch from the start and learn...
An emerging bullish bat is about to form within the buy zone(blue box) is usually a great setup for a buying opportunity I will engage. However, this setup wasn't the Grade A setup and that is because Point C is a double-top, for such a setup it poses a threat of a break and closes beyond Point D completion.
As a thinking trader, I will be waiting for a candle...
NATGAS, has produced a Gartley pattern after testing resistance, could be a good time to short it down if price action agrees. Targets towards $3 could produce risk reward ratios of 1:3.
A double top pull back that potentially can be a bearish Gartley Pattern is resting on the previous structure that build a stronger case for a counter-trend trading opportunity at 0.9380.
If you have missed the Bearish Shark setup which completes at 1.2260 that I've shared on 16 May 2021; short on Parallel Channel at 1.2190 that I've posted on 6 Jun 2021; you probably won't want to miss to short within the range of 1.2150-2.2159 or at 1.2167 on the 1hourly chart, that's the price range and it's potential for a pull-back.
Click follow so you won't...
