I missed my original entry last week on this trade. Now I'm hoping the market will be kind to me and put in a Double Bottom around the 2.0277 Support Level. The Bat Pattern has already hit Target #1... So don't buy it based on the Bat because that trade is already over. IF, market Double Bottoms there: THEN, I will buy next bar market. Stops - Below...
Supports & Resistances on chart. Happy trading!
Wave structures exposed. Happy trading! WARNING : Trading is all about risk/reward. If you are rookie & does not have a trade/money management you are likely to lose money. An accurate forecast does not necessarily mean trade.
Right now price is correcting (on 4h basis) within an upward correction (daily basis) in direction of the downtrend line (on weekly basis). The idea is to trade what could be a final wave up before reaching the trend line. Watching for a proper price action on bounce area . Please, share a LIKE to show support. Happy trading!
Counting waves. Supports & resistances on chart. Let me know if you liked by clicking THUMBS UP! Happy trading!
Got another Gartley on another Aussie cross. This one will complete right above the 1.53 even handle.
Took a short at the Aussie news tonight.. Its in a short term downtrend. Stops - 1 ATR above Resistance Targets - Restest of Lows Had a shooting star at Resistance followed by a Bearish Engulfing Candle.. Not that I use candles for entry reasons.. Just wanted to bring it to attention.
There is potential double top on the 60min at 108.59. Price ran right into some structure. The overall trend is bearish and this looks like a relief really. I would have my stop just above structure at around 108.79 and look to take profits at 107.40. Now on the Daily there is some bullish divergence on the RSI. I think price will pull back to the 107.30's level...
GBPUSD ran into some Hefty Resistance on May 3. It appeared it was going to Break it and keep running. Instead it ended up being a failed breakout and is failing at the Yearly highs. On the 60min chart we have broken support which signifies the short term trend is now bearish. As a Trend Trader I will be looking to sell rallies back into Resistance. When I was...
Here we got a potential Bat formation on the AUDUSD, it´s with the overall trend and RSI is going overbought. Our PRZ level is around 0,76405 Stops go at 0,76532 our first target are 0,76202 Kind Regards Thomas Jeff
This is an very early pattern idea on the EURUSD but i am out for a while today so i wont be monitoring this, but our PRZ area is at 1,12574 stops and targets are as on the chart. Lets hope for an oversold RSI. I got my order in place and remember if you do that and are not there to monitoring the price action, set an alarm at your broker for If / When - the...
Alright im back and i will try and post most of the trades as they come if i got time. Tonight before the market opens we got a Cypher Pattern completion here on the Cable, the market is a bit choppy but i think we got a minor bullish trend going for us. The setup is right at former structure resistance, we got stops under the psychological even handle number...
There is nice bearish bat pattern setting up on the 240min chart. I would look to get short around .6942, stop above the swing high around .6973, target one .6830 and target two at .6775. If you are looking for shorter term long opportunity, I would look at the .6830-.6820 zone highlighted in blue. There is a .382 fib right into some structure. The 60min chart...
There is a .50 fib Bearish Bat Pattern on the 60min time frame. It completes at 108.93, I'm putting my stop just above the swing high around 109.20. My target is going to be 108.13, it's the .618 retrace of the entry. There is also a .382 AB leg on the 120min. Now depending if you trade only .50 fib bats, this may not fit in your plan. Even if it doesn't this is...
Not too much to say about this one: Nice Bat Pattern within Trend meeting previous structure. Also got divergence, higher timeframe retracement and 1.618 Fibonacci Inversion. Good luck in the markets. Felix Follow me here! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
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...
Something's setting up. Happy trading! ______________________ DO YOU WANT TO TRADE LIKE A PRO? Contact me for trade signals: InsideMarketFX@gmail.com / Skype: @insidemarket168