A couple of observations: 1 The 1.618 extension with a prior 6.18 retracement seems to have slowed down the pair from moving higher. 2 A daily AB=CD pattern / 3 drives pattern have completed. 3 The pair recently broke out of ascending triangle on the 4H chart. 4 The Bollinger band shows extreme price movements on the 4H chart. Looking for an entry setup with at...
I've got to run soon so I'm not sure if I'll be able to catch this or not. But for those looking for the next place to short Kiwi this area looks as good as any. Harmonic move, fib extension, multiple fib retracements and of course structure to hide stops above. If it's still a potential trade by the time I return I'll keep you guys updated on what 'd be looking...
I don't typically watch oil too much but with all that's been in the news over the past few weeks how could I resist. Also being involved in the USDCAD trade that I shared with you guys last week caused me to keep one eye open as well. Anyway, despite the fundamentals (some of which are screaming short) the technicals are what matter to me most and in a heavy...
I usually don't trade this pair but currently i am seeing 3 harmonic patterns and good trading opportunities a) Completed Bearish Butterfly ( target green rectangle area) b). Potential Bearish ABCD ( green rectangle is the reversal zone to catch CD leg) c). Potential Bearish Bat Pattern This short is to trade the completed bearish butterfly and catch the pips...
Update: Stopped at Entry. See comments ------- Fellow Risk Takers and Speculators, NFP #s came out stronger than expected and cause a downward move in Silver and Gold. Price action caught support at the 61.8% fib retracement level of the previous swing from $15.49 to $18.45. What is key here is that this downward price move was mainly driven through the futures...
Hey there, as we can see Pound is pounding Yen in last two days. Some positive data took it this high where ABCD Pattern completed at 181.39-40 area. Which is giving us indication to have a short entry. I took two entry from this pattern though I need to make sure this pattern is being respected as it is still in the PRZ. My entry will be shorting from 181.40-45...
just waiting for this trendline to broken to short and catch some quick pips on the CD leg of potential Bullish ABCD. For 60 pips i will be targeting 200+ pips . TP1 first green dashed line Tp2 second green dashed line good risk reward ratio Update: 6feb Target 1 Achieved
Shorting to catch the CD leg of potential bullish ABCD pattern and also based on the recently completed Cypher pattern. Supports are in dashed lines. This will be a step by step trades, lots of supports to cross.
It's not often that we get 3 AB=CD patterns completing at the same level but here we do. If the completion point of these 3 is then also a structure level on the weekly chart, we can be almost sure that this pair will not pass this point without a fight. Look here for an opportunity to short.
as the market looks to recover from the massive sell off. We are in consolidation territory on the GBPUSD asnd we could see this pair moving back to bearish territory after the identification of a butterfly and bearish bat pattern. This gives us the idea that large institutional traders could be looking to sell at PRZ of the Bat and Gartley pattern. Good Trading Guys
Explanation is all in the chart, please post a reply if you have questions.
@TradeYodha TradeYodha.com GBPUSD 4H Hour Short 1. Price action running in consolidation 2. ABCD pattern completes around 1.27 extension of AB (harmonic move) 3. Butterfly Pattern completes in the same area 4. 200 SMA is close to the area of possible short 5. RSI is reaching overbought but wait for confirmation and overbought scenario Plan your battle well in...
The daily bearish setup posted here on TradingView, based on AB=CD pattern, is heading in the right direction after a perfect reversal at the PRZ. First target - 300$
LINK TO VIDEO RECORDING: www.youtube.com We discussed this in my Live Trading room this morning and I'm a little late getting it out to you because I wanted to pair a video with it. But what we're looking at is a Bullish bat pattern completion on the USDCAD 4hr Chart. At that completion level we also have minor structure, Fibonacci ratio confluence, and multiple...
This morning I posted a trade idea titled "3rd Times The Charm" In this idea I mentioned that i had previously taken 2 losers on this particular currency pair the day before and was ready to reload once again for another shot at getting short. Well that trade payed off as our double bottom/ Bat pattern (LTF) rolled over without much pain this morning and then even...
Pretty self explanatory as per the chart. Patterns and measured moves (equal distance, i.e AB=CD) are color coded to keep things simple on the chart as there is a lot here. There are plenty of retracements everywhere (the top is a big 50 I'll show on another chart). There are also plenty of smaller harmonic mpves but these are the main ones for our purpose going...
$IBB at new ATH and inside the PRZ of this daily AB=CD harmonic pattern. 330$ should be the top of this spike high for this pattern to work
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible NZDJPY Trend Following Short Opportunity 1. Underlying Trend is Short. It has reached a particular level where it may try to retest previous highs (there is a counter trend opportunity as well) 2. 78.6 fib at the previous high 3. 10 SMA and 50 SMA are lagging behind and around the same area...