NZD/CAD seems to go for the third attempt to break the resistance. If this 5-0 pattern works as expected, it could be impulse to the trend continuation. There is also some sort of inverted Head 'n' Shoulders pattern, which is usually considered a continuation (or at least not a valid reversal pattern) pattern. 1st attempt - March 2014 2nd attempt - March...
Hello everyone I posted this bearish trade at 1.47 and we are down to 1.455. We still have a chance to hold or add more bearish positions. Also there is another pattern at this current time, which makes be believe it will go further down. The targets are highlighted on the chart. Good Luck For info: kevinsdhaliwal@hotmail.com Twitter: kevindhaliwal1 IG: AllTradingIdeas
in H4 timeframe bullish trend is forming, I'm planning to buy a pullback, I hope so) Good luck everyone!
AUDUSD has printed a sharp bearish candle after an uptrend. The setup has produced an opportunity to trade the bearish 5-0 pattern if price should reach the 50% retracement of the BC leg. Entry is placed at .5BC with SL above .786BC and targets at C and the 1.272 and 1.618 BC projections.
I issued this trade call to my members earlier today. I am in on this trade already. The last time I posted on this pair, it was to sum up this trade that I posted on 12/1. Eight days ago. Two days later, this trade generated +321 pips on a mighty drop. In those charts, I had also laid out the possible direction of this pair after it would reach my TP. ...
Taking this trade as if appears to be ready to take a fall in relief of a strong move up. WAVE COUNT This pair has been on a long and sustained uptrend in what should've been a wave (3). This wave (3) appears to be over now and a wave (4) should commence. This wave (4) should be relatively shallow as the wave (2) was deep. Though in GENERAL this is the case,...
shorting gbpusd with 1tp 1.5353, then will go long with sl around 1.5320
Setup This setup is a low risk setup to go long with a very big 5-0 pattern completion. Entry: 0.7144 Stoploss: 0.7114 (-47 pips) Target 1: 0.7276 (1:2.42) Target 2: 0.7358 (1:4.15) Extended bonus target: 0.7918 :-)
Reading the chart Getting a bigger picture of the pair really shows the failed bearish attempts after point B. After a failed push (B) of only 113% extension of O to X, price almost immediately reversed to the other direction, breaking the secondary bearish trendline. The 88.6% retracement of O to B gave some relief and give me a target 1 hit with the Shark886...
A potential 5-0 trade is setting up on NZDJPY . All requirements will be satisfied if price reaches .5BC from its 2AB projection. A potential target area is the confluence between BC=CD and the 1.618BC projection.
GBPCAD has satisfied the conditions of a bearish 5-0 pattern at the 50% retracement of the CD leg. Missed monthly pivots for June and July of 2015 will likely help drag the pair down to the target area. There is tight zone of confluency around 1.978 shared by .786 XO, 1.272BC projection, and .786BC=DE, which makes for a nice area to take profit. The next level...
My daily outlook on GBPCAD is bearish, but I see one more bounce occurring before bearish PA continues. A bullish shark will potentially be completing at point 4 in a parallel channel. Traders who are short this pair, like myself, may think about taking profit in the PRZ and re-entering after this move is completed. Alternatively, this may be traded as a...
Last week, I posted this Scenario #1 (see Related Ideas: "QUICK ANALYSIS: USDJPY: Scenario #1: Contracting Triangle Wave 4") . That scenario worked out PERFECTLY. as prices hit the upper TL before the FOMC and then declined all the way down to the lower TL for a nice and quick profit. But after prices had dropped through that triangle, there was a stop and...
I haven't posted anything on this pair in awhile even though I have been actively trading it so I thought I'd post something on it. Here is a trade I just took from 1.55950 when prices broke through 1.56000 level in a bearish price action. The PA is confirming the fact that the corrective phase may be over and the wave (C) complete. From here, I can draw a...
EURJPY has completed a bullish crab and has shown signs of a reversal, opening up a nice potential bullish 5-0 trade opportunity. Entry will be at the 50% retracement of the bc leg with a very confluent target area. Target confluence between missed pivots, 61.8%CD (crab target) and 1.618bc=de (5-0 target).
I'm already in LONG on this pair by way of my just posted analysis on this pair (see Related Idea: "ANALYSIS: AUDUSD: Is Wave 3 Done? If So, Where Will Wave 4 Go?") and also this POSSIBLE POTENTIAL bearish shark pattern's CD leg. I am putting my S/L at 0.69610 to give this trade some room and also to allow the C point of that cypher I posted in my analysis to...
For anyone that has been following my posts, you know that I've been BULLISH on this pair for a long time. And in almost every post, I am showing a bullish scenario. So you are now probably saying, "What the heck?" Why are you now saying it's gonna FALL?". Well ,one of the characteristics of a successful trader is to NEVER be so tied into being "right" that you...