One of the three opportunities I'm watching going into 2017, let's kick start it in profit! I'm looking to sell once price completes the pattern at the D point around 1.24200. Stop loss: 1.25400 Take profit: 1.20700 The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 You can view the full breakdown of this...
This could be a great reversal or just some silly pattern. We are in a very deep correction from previous up waves. What were you all thinking on this pair? Thumbs up if ya' like it and comment with some feedback! :)
Here we have the CAD/CHF on the 1D chart. We are looking for price to hit and reverse at either C point, then touch at the respective D point to complete the bullish 5-0 pattern. It should be noted that price has the potential to bounce in between either C point. In that case, we can adjust our D point accordingly. This one is looking good for the weeks ahead!...
Possible Bullisn Shark + Bearish 5-0 pattern combo. For long: - Bullish divergence is present - Waiting for reversal bar pattern inside PRZ - Target around 1.0690
Conservative target is 81.768 Below 80.5 bottom falls out
It hit! This one came is a lot sooner than I expected! Spotted this one out about 3 weeks ago! Time to take your positions! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 From here on out, we can expect this pair to stay on the downside! Be sure to look at this pair to head on its way down to complete...
Here is some generic price analysis on the Pound/Yen, taking the form of a Bullish 5-O ! As technical traders we use price action as our main (preferably ONLY) indicator. That said, it never hurts to consider the actions from institutions that drive the markets to do what they do! Traders everywhere are acknowledging a weakening Yen, whilst the other 99.9% of the...
I'm getting ready for the weeks ahead, make sure to keep this on your watch list! Here we have CAD/JPY on a 4h chart with an excellent buying opportunity. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 If we can complete our C point this move will take place in the forthcoming weeks, as always feel free...
- Divergence is present - Waiting for reversal bar pattern inside PRZ
- Bear divergence is present. - Waiting for a reversal bar pattern inside PRZ.
- Divergence present suggesting the uptrend continuation. A Bear shark pattern can be projected. - Bullish pin bar is present so a trade can be taken. My trade: Entry @ 0.98570 SL @ 0.98298 If patterns complete: Wait for divergence + reversal bar pattern inside PRZ.
2nd try... - Divergence is present - Waiting for reversal bar pattern inside PRZ
- Divergence is present - Waiting for reversal bar pattern inside PRZ (H1 chart can be used)
This is a currency pair that I hold close to my heart. As someone who travels to Shenzhen china almost monthly, I am pretty interested to put what I learn into good use to gain an advantage in life. I change SGD to CNH every single month. Keeping this post short, I am expecting SGDCNH to go down to 4.7 before rebounding. For those of you who are planning to...
- Divergence is present - Waiting for pattern complete - Waiting for reversal bar pattern inside PRZ
Today, we have a Bearish 5-0 pattern on the NZD/USD 4h chart. I never trade solely off Head and Shoulders patterns, but they are good for further confirmation. Depending on when the D point hits, I have given both options for the C measurement on the graph. They are differentiated by color: Green = C:1.618 Blue = C:2.24 Also, I have high lighted in red where the...
After two profitable trades using the 5-0 pattern in previous weeks here we have GBP/USD on a 4h chart with yet another 5-0 pattern. I'm absolutely loving the look of this, especially ahead of the U.S Presidential Election. (This is purely a technical prediction, I am not basing this analysis on who is likely to be voted) The measurements for a valid 5-0 pattern...