ABCD Pattern on Weekly Last Candle close above wave B in the smaller Timeframes we have a correction for the next Bullish Leg TARGET @ 1.61865 & 1.62 / 0.61 Fibo TARGET @ 1.63580 & 1.64170 - WAVE D
Idea is based on Elliott wave theory. The chart contains the rationale and target/stop loss. Good luck
Bearish deep crab This potential bearish deep crab has a very large reversal zone. It starts from 2.0744 (2.618 extension of BC) and ends at 2.1418 (3.618 extension of BC). However, this PRZ can be capped by the channel, the very high of 2009-7-10 and the (psychological?) level at 2.1000. If the pair heads up to this PRZ, I expect the pair to be volatile. The...
@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,...
Potential bat pattern RSI oversold. Entry-1.5814 Stop loss-1.5790 1st Target-1.5858 2nd Target-1.5885 Stop loss in pips-24 1st Target in pips-68 2nd Target in pips-95 When 1st Target is hit move your stop loss to Entry point for risk free Trade.
Although the main trend is definitely bullish, this might be a good area to look for sell opportunity on short term Reasoning behind importance: - ABCD extension - fib confluence - strong structure level Future may give additional clues, or show the insignificance of the area. but as for now, it does'nt hurt to keep an eye on it.
Picture is best description :) short somewhere on 1200 (notice - this is ROUND LEVEL!) SL above 1206 - 1208 TP1 - 1190, TP2 - 1184, TP3 - 1180 (fibo levels)
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...
BASED ON PATTERN DOUBLE BOTTOM IN THE TIME FRAME DAILY AND SYMMETRICAL TRIANGLE IN THE TIME H4 I THINK IT IS A GOOD BUY FOR THE LONG TERM . AND IF THE PATTERN IS COMPLETE AB=CD , TO ACHIEVE THE TARGET OF 12 DAYS IS REQUIRED . THE FIRST ARM OF THE DOUBLE BOTTOM PATTERN WE NEED TO REACH THE TARGET OF 24 DAYS. THE UPPER LINE OF THE DESCENDING TRIANGLE BROKEN AND...
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
After publishing a CADJPY Bear Bat pattern on H1 timeframe, I've found a couple of opportunities and idea on higher timeframe. There is a possible ABCD pattern that can be traded, half-way completed so far (if it'll not complete there is a Double Top to trade :) ). Once the ABCD pattern will be finished then we can look at a potential 2618 setup (on the Double...
Based on ABCD and Fibs this is my new target on DAX. The 1st one went really well!
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...