What we have here on the GBPJPY is a potential Bearish Cypher pattern completion forming within a retracement leg of the underlying trend. This pair has spend 6 straight days being bearish so it wouldn't surprise me at all if we saw some relief. So the question is IF we're going to get a pullback THEN where is price action likely to go? 9See how I snuck that...
waiting for the BOOM!! CFE (Case for Entry) gartley BUY order @ 1752 RSI bull DIV and waiting for another LL w/t RSI HL FIB confluences @ entry: 1414BC ext., Harmonic AB=127CD, A little bit beyond 127AB ext. Risk 2ATR / One target @ 382 retracement IF the market go AGAINST me; Place butterfly BUY and CUT gartley loss. Risking another 20 pips for 618 retrace for a...
These are trades i picked and showed to my special clients. some of them i had posted for every one to see especially the big cypher should you wana be interested in looking at the next week's trade still from this continuation cause i sense an opportunity coming from this again and again but please dont come with the mind to make millions a day, rather just...
If this market does not retrace here, then the market is mad...LOL. Latest crab i prefer this drawing. at different PRZ market has done one thing or the other waiting for the final PRZ for a reversal apply good entry technique good risk to reward ratio best of luck
It looks like the GBPJPY trade we talked about last night has come quicker than expected. Two patterns for the price of one. Very big stop/loss on this so you may want to think about using an alternate entry technique in order to limit exposure.
After yesterday's scare, Gold has given us an outside return back into previous structure highs. On the way we've happened to form an advanced pattern as well. I typically prefer deeper completing Gartley patterns, but even though this one is shallow, it goes with the underlying trend. Pattern traders can look for a move back down to that magical 1200 level, why...
Bullish bat Pattern with the trend on GBPJPY
First Post!! Total newbie here!! As result of TradeEmpowered Vision Week webinar Watch the recap here!! promos.tradeempowered.com There're lots of structure trading and chart reading on Forex markets Mentor: Akil_Stokes from tradeempowered.com Case for Entry (ROE) Underlying Trend: BEARISH RSI OB -> Retest wt lower RSI = Bearish Divergence Short @ 786RT B leg...
Although we have a Bearish Cypher pattern resting right above this level, the double top on this pair still looks to be a very good shorting opportunity. A single ATR stop should get you above the structure level looking left so there's very little risk in this one when compared to the potential reward. I wouldn't expect a full blown reversal, looking at the...
Just stay inside the OODA of the market.
I'm late to the party today since I haven't looked at any charts all day... actually since Thursday now that I think about it. Anyway we have 2 bearish advanced patterns setting up here on the EURUSD which also come at a retest of structure on the 240min. Good wicks at the killzone of the Bat and Butterfly so a double top at that level would offer another good...
The last time I looked at this stock I had a bullish Bat Pattern on my radar, which resulted in a move back up to previous structure before continuing short. That movement down ended up being the 3rd drive in a bullish 3 Drives pattern (in yellow) and what I would expect is a minimal move back up to previous structure (orange arrows). Typically when traders look...
I don't typically do much trading on Monday's as that's my training day, and want to give the markets time to wake up. But I've been keeping close tabs on the EURJPY since last week and now that last week's bullish setup has rallied nicely, we now also have a potential setup as well. I get a lot of questions about how to manage trades and where to take targets...
Recorded a video of this trade to my Synidcate members earlier in the day but ran out of time to post this before my Live Room started. But with not a lot on my radar this morning AUDCAD was a pair that really stood out to me. Not only has the market put in a beautiful double bottom along with bullish divergence and the RSI being oversold. But we're also right at...
Recorded a video of this trade to my Synidcate members earlier in the day but ran out of time to post this before my Live Room started. But with not a lot on my radar this morning AUDCAD was a pair that really stood out to me. Not only has the market put in a beautiful double bottom along with bullish divergence and the RSI being oversold. But we're also right at...
It's been a rough go around for pattern trades as of late (I'll talk more about that in my Weekend Review tonight www.youtube.com) But if the pattern is valid and meets you ROE's then you've got to pull the trigger. I'm still holding the 2nd half of my position on a EURUSD short from earlier in the week, but today we've got both a bullish gartley and a bearish...
AB=CD PATTERN On 3 min chart the D well be on 1.272 or 1.414 or 1.618 Extension But i think it will be on 1.618 because there's no support line to hold it =))
Obviously we want to be very cautious going into tomorrow's trading session which features our monthly Non-Farm Employment change aka the Fireworks show. but was digging through some different markets tonight and noticed the abundance of opportunity setting up on gold. The orange Gartley pattern is technically completed but features a very shallow "D" leg which...