If patterns will complete ,then we go long :)
This is insane, to round off my 50th idea on TradingView I'm sharing what could possibly be one of my biggest trades of 2016. Here we have XAG/USD on a Daily chart with a picture perfect bullish 5-0, this is an excellent short/long 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 As you can see...
Combo Shark / 5-0 pattern at sight. I hope that the price completes bearish ABCD pattern on D1 chart for future short position. Waiting for reversal bar pattern inside PRZ H1 chart view:
Gold has completed a nice Gartley Bullish, confirmed by a bat bullish last Friday. Despite a close below 1223$, important weekly level, the close at 1222 is too shy by bears. H4 oscillators (RSI / Sto) give momentum for a move to the north. The 1267$ zone could be reached next week to complete a Cypher bearish pattern. If this level is reached, i will short to...
Trying my hand with Harmonic Trading, I came across what looks like to be a Bullish 5-0. The pair hasn't been this low since 2009. And the trade balance for NZ are expected to be be very good (result in an hour and a half). All this make me want to go long. I'll wait for trade balance result and the price to cross the Pivot Point then I'll go long with a take...
Two possible patterns at sight... waiting for bear divergence + reversal bar pattern inside PRZ
Let's see if the pattern on H4 chart (blue) complete. Wait for bull divergence + reversal bar pattern inside PRZ
Tonight we have USOIL on a Daily chart with a bullish 5-0 pattern. I'm loving the look of this, if we can complete our D leg I'll be going long. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
- Pattern completed - Bullish divergence present - Waiting for reversal bar pattern inside PRZ box
We know have a reason to sell the pullback.
A 5-0 pattern to Alt 1.272 ABCD - Also a pair I'm watching for the next week ;)
NZDUSD has reached the 50% retracement of the BC leg of a bearish 5-0 pattern, which means it is time to sell. Target is placed at structure lows which coincide with 1.618AB, which is expected for these types of setups. SL may be placed above .618BC. To add to bearish bias, a Wolfe wave has also been completed at the entry point with the same target as the 5-0 pattern.
A nice potential 5-0 Pattern here if the market roles all the way down to the 0.50% where you can buy the GBP back and ride it back up again for a retest of the previous structure high at around 2.05500 level. R/R as usual great :). At least 2.3/ 1 or more depending how aggressive or conservative you are with your Stop Loss placement.
STOP LOSS ABOVE X MQL5: www.mql5.com
EURCAD has been trending upward for a couple of months and has recently shown signs of weakness and a potential reversal. The 5-0 pattern is a great way to enter on the reversal. The entry is placed at 0.5BC which is confluent with the completion of a bearish bat pattern. SL is placed above structure highs and .618BC. Targets are placed at BC terminus,...