Idea is based on Elliott wave theory. The chart contains the rationale and target/stop loss. Good luck
@TradeYodha TradeYodha.com #EURUSD Long and Short Ideas Analysis 1. We are in correction leg at the moment of a bearish move. 2. Possible ABCD pattern formation 3. Target 200 sma for short target 4. At the completion of short we can look to go long Targets/Trade Management: 1. 2 Targets for short 2. 2 Targets for long
Below we have a simple ABCD pattern forming - currently progressing B-C. The following are noteworthy; 1 - Weekly candlesticks are bearish moves, we can predict further bearish activity; 2 - MA's have crossed over bearish on both daily and weekly timeframes; 3 - A smaller ABCD pattern completes at leg C of overriding pattern; and 4 - point C (or D of smaller ABCD...
On Thursday the GBPUSD broke a very important structure level around the 1.58 even handle. Since that moment I had to redo my I.P.D.E. and shift my focus from a potential short at that area, to a potential long to hop on the underlying trend. In yesterday’s update I told you guys that I was looking for a retracement and you know what it looks like we’ve got one,...
Yesterday’s news gave us a lot of continued strength in the GBP blowing right past previous structure without a pause it seems. So the question is what’s next? Well going off of the basic price action principles of higher high, higher close, I’m expecting the bullish move to continue. The next stopping point that I have on my radar is around 1.6200 even handle...
After some time of indecision, it seems to me that we are near a bullish movement, apparently respecting ABCD pattern mencioned below on previous chart. (link below). Technically... Short at D with SL 10 pips +/- above it Targets at 38.2% and 61.8% fib from AD retracement
Confirmed by a possible small ABCD Pattern (pink lines). TP1 - 38,2% Fibo TP2 - 61,8% Fibo SL little above X
GBP/USD is forming nice AB=CD pattern on the 4H chart. This pair has exceeded its C target setting the stage for a move to point D which will at least 100% of the A-B move. The B-C move should never exceed 78.6% of A-B, with that said we will set a stop of 100 Pips which will be slightly more than the 78.6% threshold. It's very well possible point D stretches...
@TradeYodha TradeYodha.com #EURUSD Short (200sma, ABCD Pattern, Fibonacci Extension) Analysis 1. Previously Weekly Structure Zone 2. Fibonacci 61.8 confluence with 200sma 3. Fibonacci extension 127.2 perfect confluence with 61.8 fib level 4. ABCD harmonic pattern in the zone Trade Management: 1. Two Targets 2. First target completes at 1:1 R/R ratio 3....
Last time I've mentioned about a bullish Gartley on USDCHF Well as you can see guys we have another signal that this scenario may occur as an ABCD Patter is likely to be formed. Worth watching.
UPDATE #1: Price action has NOT confirmed the move higher. Therefore on sidelines for now, waiting for further confirmation. Hello Traders, Here we have gotten the completion of a harmonic ABCD pattern, do keep in mind this is a DAILY time frame. Due to the bigger stop loss, I will be looking for long opportunities on lower time frames, in order to keep my risk...
Looks like SIVR may be hitting a low risk buy point. 1. At the Support line 2. Symmetry of time from low to low. 3. Cypher pattern completing at the 786 4. Gartely pattern completing at the 786 5. Perfect ABCD pattern 6. Oversold on Stoch 7. RSI bottoming out
UPDATE #1: Stopped out. Looking forward toward future trade setups. Hello Traders, We've already gotten harmonic AB=CD move completion. The entry for this setup is at the current market price, this could be considered an aggressive entry but we have bullish RSI divergence at previous support looking left. And we also have a favorable risk to reward ratio. See...
My idea is based on Grey boxes are kind of AB=CD which is complete, so this is rather good signal for short here. Additional odd is confluence with 1.618 fibonacci level . Another odd is potential Cypher harmonic pattern (brown) to be complete, and - when completed - long from D point. Orange is potential butterfly harmonic pattern, but do...
UPDATE #3: Hello traders, finally got my trailing stop hit. All positions closed on this setup, a good trade overall. UPDATE #2: Target #2 achieved. Majority of my positions on this setup are now closed. I only have small position left for the 3rd target with stop loss moved to 2.812 (previous LH). Just trailing the stop loss until target #3 is achieved. ...
UPDATE: Both targets achieved, Good Trade !! UPDATE: Trade is active now !! Hello Traders, Here we have a really good buying trade setup that has both bullish Gartley Pattern and harmonic AB=CD move completing very close to one another. Another good thing about this setup is that both patterns are completing at previous structure looking left with very small...