Bat Alternate AB=CD completed, so if fundamentals allow, price will take off. Most important would be the 88,6 XA retracement . This one clusters 1,618 BC. There is a huge bullish Gartley on MN, so I expect huge move out of this area.
Hi traders, this setup is similar to the USDJPY's one. We are testing a resistance level (blue line) and we created a double bottom with rsi divergence and then we broke that to the upside, giving us reason to believe in a change of trend. So we wait for a .618 retracement of the impulse leg that broke the double bottom and then we buy the market. First target at...
FX:AUDNZD Check previous one's: Safe Trades;
AUDNZD seems to be ranging at the moment, but slightly downtrend. This bat pattern is about to complete, setup looks good based on the tight PRZ. Stop loss is placed slightly below the 4HR support level. R:R at 2.3 (TP1) and 3.7 (TP2). Not much upcoming news on AUD and NZD except for AUD cash rate on 6 December. I will update when pattern completes, most probably...
Looking for a five wave move up to 1.1700 to complete this zig zag correction before a strong move down. The first wave up should be near completion.
Looking for price to break the daily TL (circled area) and buy at 1.06000 level, or sell otherwise. I would collect prof at 1.07000 level because 1.075 shows bearish tendencies. The bulls came in to play on the 16th of September at the 1.02 level and have been strong . The current 1.05 level has seen uncertainty but the current bullish engulfing shows the...
FX:AUDNZD Safe Trades;
A nice head and shoulders pattern has emerged near the lower boundary of the corrective channel. If bulls manage to break the 1.076 resistance, a multi-weeks surge is expected, targeting 1.14. Good luck, Ali Sharifazadeh, CFTe
I like what may be an inverted H&S forming at channel support. It looks like there are several Inverted H&S that preceded this one that did not play out but I feel like the risk is reasonable where it's located in the upward channel. I'm starting to nibble with a small position at the formation of the shoulder (entry 1.0496) and will add if there is a breakout at...
Waiting for Sydney open then will look for a nice entry... or re-evaluate the situation but my long bias remains for now. confluences price way below 20 ema weekly block/low has been violated Previous swing took stops Price has maintained in weekly range but price did jump above before
firstly long for ew 4. then short for ew 5 wave.
1.0450 altinda gunluk kapanis yaparsa stop oluruz ve ikili dib icin beklentiye girerim 1.0450 ustunde klaldigi muddetde bekledigim nokta 1.12 sviyeleri ben kendim buralardan yavas yavas long pozisyon aciyorum 1.0470 leri gorurse fullenirim 1.0450 altinda gunluk kap;anis yaparsa stop olurum aksi takdirde 1.12 leri beklerim www.forextr24.com
Just opened a LONG trade on AN after seeing a Bullish Gartley pattern being formed.