Cypher Patter Completion With RSI Divergence Long Audcad
FX:AUDCAD www.tradingview.com Safe Trades;
Let me start by saying that I am a beginner so probably I am going to be wrong. As you can see from the chart we have some divergence in the MACD and the RSI for this reason I am expecting one more consolidation, once the consolidation is over take the sell breakout, in case the price goes up do not take it.
This entry is early. I know. Why I think it is worth setting a pending order: D1: - we had a TK cross there (OK, it is still weak being above the cloud) - price can bounce on the future kumo cloud bottom (resistance level) - chikou is breaking through price (bearish) Therefore price will probably break to the downside H4: - all bearish Ichimoku signs - price...
sell if the price brakes my flip 4h chart
range broke, lower high, double top, engulfing marabuzo and weekly bearish engulfing
Figure we are either in a3rd wave downward extension as marked or an inverse head and shoulders With that in mind sell entries set at levels in the 0.9925 area. TP1 - 0.9850 (2.3 Reward:Risk) TP2 - 09815 (3.4 Reward:Risk) TP3 - 0.9760 (4.3 Reward Risk) Above 0.9960 looking to phase in 3x reversal for Break Even
FX:AUDCAD BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades; open.spotify.com
16th post Any comments and suggestions are welcome. Cypher Pattern about to complete on the 4 hr charts. If the D leg hits, the trade will be valid.
I am shorting the AUDCAD due to possible double top, RSI Divergence, Rejection on trend line structure and bearish rejection candle. There was a retrace this morning that I was counting on aswell.
FX:AUDCAD CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD BUTTERFLY Point B: 78.6% XA Point C: 38.2% AB 88.6% AB Point D 161% ext BC 261% ext...
-Firstly as we can clearly see we are in a down trend channel formation -We have had multiple bounces from the Top trend line which is now acting as Support -we formed double top on the 30H chart -We have also priced in lowers lowers Remember History repeats itself GoodLuck everyone
In AUDCAD currently the market is forming CD leg of our Bearish Gartley pattern and if it completes at D as expected, a good shorting opportunity will come up. Am waiting for the markets to complete the CD leg of our Gartley Pattern. Check Ur pattern ratio's before initiating any trades. Hit Like for Agreeing... Comment your views... Happy Trading !