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
Following the harmonic pattern, price has retraced and penetrated and also rejected the 61.8 fib retrace (golden ratio) and 200MA, price may go to test the region again break above and fail or start its decline. My entry is highlighted by the blue rectangle, stops above the high of the blue box. Risk = 2%