Price is clearly showing pattern of channel line rejections, we have had 4 so far. We also have some Bearish Hidden Divergence forming which could lead to a nice bearish leg down to test the bottom of the channel.
It would also be a clear 3 wave correction pattern too! A lot of potential confluence to go long after the move down.
This would also form a bullish...
#Bought #NZDJPY, however my broker didn’t want to fill my order at the price I wanted. #Suckers, entered manually but risk to reward wasn’t worth the trade so I exited.
Could wait for the lower TF pattern to fill out and then look for entries on the higher TFs.
But trade looks good so far. #Watch&Wait
#TA #Trading #BearringtonTrader #Kiwi #Yen
#Bullish...
Ok ok, here on the 4HR time frame we have a bullish pattern in which i opened my trade at 108.975. This was promoted by a retest of my price zone reversal on the daily time frame pattern, guessing which?? a good guess would be a harmonic if you see it.
Lets see what happens dudes?
#BearringtonTrader #Long #USDJPY
What we have here is a SHORT position on NZDJPY (1HR Timeframe)
My Bias :
1HR Setup was preceded with a Reg Bear Divergence
PA showed a rejection of the 88.6 level, confluenced with a supply zone at 75.975
Missed WEEKLY and MONTHLY pivots at 75.03 and 74.0897
In the context of the Higher Timeframe:
WEEKLY PA had been making new lows, however we...
Soooo, we have a DAILY setup (Bull 123, with a hidden divergence) with also a daily rejection at 200MA, with a 3bar rejection/morning star. the 4HR TF also formed a bullish setup - 123.
I took the lower TF entry - reg bull div, stops at 1.11203. Let see what happens
#BearringtonTrader
What we see here is a Bull 123, Hidden Divergence
PA potentially may find support at the 200MA, i can expect a few pin bars down to a previous demand zone at 1.10702/1.10518 and the ascending TL. We look for an entry on the lower TFs to get into this move.
Look like i'm The Bullington Today. Lol
PA may potentially form a Bullish Gartley Pattern. However I've identified two scenarios where action may be taken. For our Bull setup i've identified my reversal zone at about 0.70484/0.69796 confluence with (78.6/127.2) fib levels.
However price may go to break the top of our previous high, only then will i wait for price to reach a nice supply area, either at...
So we may have a potential garley pattern in play which i plan to take the short, given some confirmation. However an elliot wave has been formed which may take the current wave higher.
A close above the previous peak will prompt me to change my outlook from short to long
