So now Nikkei 225 meet the resistant and RSI is in over bought condition. Its likely going to make a pullback to the previous structure before it go higher. Wait for a conformation based on your trading rules or style. * Or if the candle closed above the green box area wait, for a retest the previous structure to go long. Warning!!! This is a general market...
+++ Don't forget to LIKE & Follow+++I'm currently watching how price bounced from the last structure support level - price did break it, but didn't make a Lower Close. Right at the structure level we can draw a Fibonacci Extension from previous lower move and a Fib Inversion from the last upward correction - and we will get a nice kill zone. I'm waiting market to...
+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Cypher Formation here on 1H, USDJPY. The Cypher Formation is presenting nice counter trend opportunity - stops beyond X leg, Targets are conventional 0.382/0.618. Entry @ 101.82 Stop @ 101.12 Initial Target 1 @ 102.42 Initial Target 2 @ 102.79 Good Luck! -Alex Professional Currency...
+++ Don't forget to LIKE & Follow+++A lot on my radar today - I've spotted a potential Bullish Cypher Formation on 1H, GBPUSD. Check your trading plan, because stops will be more than 100 pips. Targets as usual are conventional, because this is a counter trend opportunity. Entry @ 1.3205 Stop @ 1.3064 Initial Target 1 @ 1.3304 Initial Target 2 @ 1.3407 Good...
+++ Don't forget to LIKE & Follow+++ As I told you I have a lot on my radar - it is interesting to note that majority of potential formations are bearish bats. Price is giving us yet another possible counter trade - Bearish Bat Formation on 1H, NZDUSD. If you look left the A leg of the Pattern came right at previous structure level - price hit it and reversed...
+++ Don't forget to LIKE & Follow+++ AUDUSD is presenting to us another Bat Pattern - yesterday market presented a small Bullish Bat that did come hitting 1st target. This time market is putting bigger Bat Pattern on 1H, that can be considered as an counter trade opportunity if you look on higher time frame. Stops are less than 100 pips and targets are...
+++ Don't forget to LIKE & Follow+++Sorry for not posting previous week, but I knew that markets will be highly nervous thanks to the Brexit so I decided to hold trading, but this week is different. I have a potential Bullish Bat Formation for you - a nice counter trend move. Entry @ 1.0945 Stop @ 1.0876 Initial Target 1 @ 1.1037 Initial target 2 @ 1.1095 Good...
GBPUSD Countertrend Time Window. 3Drives price traget conjunct with many important Fib ratios
- OBI (div.) - RSI div. - @ prev. str. - ABCD COUNTER TREND!
Markets always has tendency to fill gap zones. If you draw fib extensions / retracements on previous few swings , every 1.618 extension ends up in our marked zone 1618 is more valid ratio & we can expect market to move up after reaching the zone. ABCD pattern completion also in same zone. This is 4h chart of SBIN so will take time to complete, just keep it...
GBPUSD ran into some Hefty Resistance on May 3. It appeared it was going to Break it and keep running. Instead it ended up being a failed breakout and is failing at the Yearly highs. On the 60min chart we have broken support which signifies the short term trend is now bearish. As a Trend Trader I will be looking to sell rallies back into Resistance. When I was...
On GBPUSD market is giving to us nice counter trend opportunity - price is right at a structure level with AB=CD measured move. Entry reason is the Double Top - there is RSI divergence too.
Again market´s are slow this week, we have been eyeing this setup for a little, we hope it will complete before news time tomorrow at 13:00 CET, if now we will probably remove orders, but i will notify if i do. It´s a countertrend opportunity on the NZDUSD stops are below structure support, PRZ entry level at 0,68574 targets are at 0,68782 Kind Regards Thomas Jeff
Price is right in the kill zone formed by - equal measured harmonic move, 1.618 Fibo Extension and structure to the left. Entry reason Double Top with RSI OB+Divergence.
The Euro has finally broken out of it's consolidation, which may not be a good thing since us pattern formation traders had a pretty decent run over the past few days. Anyway the LLLC leads me to make new predictions about the market and how I want to get involved. Technically speaking there are two opportunities that are on my radar. 1) A retest of previous...
Monthly downside momentum broken Price currently at price levels where counter trend longs are better probability Need evidence of buying on smaller time frames first though. Also, profit potential for longs capped by recently created monthly SZ above price
I just recorded a video walking through the process of how I make predictions in the markets and try to stay one step ahead of them. In the video you'll see ideas for both counter trend, trend continuation & advanced pattern formation traders. *While you on my Youtube Chanel, I'd appreciate it if you hit the like button, shared the video with a fellow trader...