Could be the start of a second move down for a much deeper short... If it forms a BEAR GARTLEY I will certainly expect a deeper SELL 130+ Pips SELL from (D) PRZ 500+ Pips SELL from (D) PRZ (POTENTIAL EXTENDED TARGET) Good Luck! KEEP THE RADARS UP!!!
I believe this pattern is called the flag, and is categorized as a continuation pattern. In other words, it is confirmation that price is in a retracement, and that likely, the trend is intact. So I have a bullish flag on the chart, I will be looking to buy when price breaks out of the resistance trendline as seen in the previous 2 similar setups. Side note:...
Price failed to break the 0.23 fib (1241.357) level which is was also a previous resistance level now turned support. Slow stochastics are now indicating that Gold is moving out of an oversold position. Got a tight stop in case we drop to the 0.50 Fib (1220.185) leading into non farm payrolls this Friday.
Preparing for next week, price seems to be heading to the support trendline. From there, I will be looking for a break to short. I will not go long as price is currently downtrending, and in my eyes, is retracing. I consider this a good bearish continuation setup. We will see what next week will bring us.
These are the ways I will enter long for GJ. Check my previous GJ idea to see overall target.
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Could go much higher...let's see! 75+ Pips BUY from (D) PRZ Good Luck! KEEP THE RADARS UP!!!
A chat full of traders can probably argue about the name of this structure - flag, triangle, pennant, channel Either way, this is indicative of more bearish action when the support of this is broken. I've recently taken to only trading the best setups to decrease my losses, and this is it at the moment. UJ and EU for now.
If AUDNZD breaks above the red resistance area, we might see a bullish trend continuation. If AUDNZD holds at the resistance area, it might continue back to the support area and retest the lows. Because of the underlying bullish trend, it is more likely to reverse back to retest to highs
150+ Pips SELL from BEAR BAT (D) PRZ 250+ Pips future BUY possible to BEAR BUTTERFLY (D) PRZ THAT SHOULD BE ENOUGH SPECULATION FOR ONE IDEA..LOL! Good Luck! KEEP THE RADARS UP!!!
Hey guys, today i want to bring you some pure technical analysis. As you can see on the chart above, i've written down some simple rules. As a trend continuation trader you want to follow the major trend: in order to do so having the big picture is key. The break of structure you see here is in fact a multitimeframe break of structure, since we've also broken the...
Hoping for a pullback and continuation SELL trade into this BAT...keep you posted! 250+ Pips SELL after a pullback 300+ Pips BUY from (D) PRZ Good Luck! KEEP THE RADARS UP!!!
75+ Pips SELL remaining after pullback 75+ Pips BUY from (D) PRZ Good Luck! KEEP THE RADARS UP!!!
Hate to be contradictory but After further analysis WE MAY NOT BE QUITE THERE YET!!! More often than not I see the BAT completion...Still looking for a potential SELL before Non Farm Payroll news Still 350+ Pips SELL if the Cypher holds 600+ Pips SELL from BAT (D) PRZ Good Luck! KEEP THE RADARS UP!!!
Possible start to a long down move! 75+ Pips SELL Good Luck! KEEP THE RADARS UP!!!
After a bullish move for several hundreds of pips, NZDUSD has finally reversed. The reason for this was a second batch of poor economic data, and the strengthening of the US Dollar. Above is my position, which satisfies my risk to reward ratio of 1:2, which is still open. As the week was nearing the close, volatility just kind of dried up and price began...
Expecting a bit of relief from this dollar rally soon with this BAT formation followed by a push beyond the BAT to a BEAR CRAB... Good Luck! KEEP THE RADARS UP!!!