All signals point to 5800 being our next level of support. We've broken down hard through the rising wedge and have broken through our last fib retracement level. If we break 5800 my next target will be 5450. Currenlty enjoying a short position from 6720 and stop lowered to 6250.
Interesting situation on the 15m chart for NZD/USD just before market close. We've got a valid bearish gartley 886 that completed earlier today, price has now retested the same area and opened up a potential short.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.13 - 1.618
Final X to D: 0.786 (0.886 due to AB=CD ...
We've got another bat formation on the daily chart, this time we're looking at USD/CAD.
Price is 300 pips away from the PRZ so this is one to keep on the watch list... It has a lot of potential.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
XA Retracement: 0.886
We're looking at a 1.618 ...
This is a follow on analysis from my previous ETH/USD analysis, which is going perfectly to plan! Well done to everyone following me, we have been predicting Ethereum's every move perfectly and avoiding any losses!
Let's analyze ETH/USD and use simple facts to make this analysis. Ethereum is moving perfectly in accordance to our previous analysis. We are nearing ...
According to my Wave count we are currently forming the 5th and final wave of a motive wave sequence which could very well finish at 2013 levels, and specifically the 1.24xx region.
My approach would be setting a Buy Stop order above the 1.2027 level from which the pair plunged dramatically after the SNB decided to unpeg the CHF from the fixed exchange rate of ...
Prices has formed an Inverse H&S and is now at the POC where it may start accumulating orders for the reversal to the upside.
My personal details:
Buy Stop @ 1.15645
SL @ 1.1557 (7 pips)
TP @ 1.15850 (21 pips)
RR = 3
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be ...
Goodmorning all,
For today:
1) Price broke above the TSE range, unfortunately missing the buy setups on the lower TFs such as 1m and 5m. Price is now showing some weakness at the top.
2) Price is above all 3 Moving Averages as well as POC, however I do expect price to come back down for a retest which is why I am biased towards short setups
3) Major resistance ...
Goodmorning all,
This is a new thing I'll be trying out as far as posting on tradingview goes so that I can stay a bit more active. Now, I mainly trade the 1m and 5m timeframes so it's not possible to make a post with those timeframes. Therefore what I will be doing is post a raw 15M chart, analyzing the indicators, price etc and in the updates section below I ...
Intraday buy opportunity of the zone highlighted between the 61.8 and 78.6 Fib retracements. The price looks like is within a fractal consolidation which is why I believe there could be another minor push to the upside. The overall trend is a downtrend which is why close monitoring must be applied to lock in any profits that are made.
Will be updating along the ...
Price is at the POC showing signs of volume accumulation. Judging by the prior impulse I expect one more move to the upside and potentially retesting yesterday's POC.
Furthermore the price has formed an Inverse H&S which I will not indicate because of over-cluttering. Those who know will see it.
My personal details:
Buy Stop: @ 1.1763
SL: @ 1.1740
TP: @ ...
Anticipating the pair to get moving with the LSE open when all the volume will be coming in.
E: 1.1865
SL: 1.1820 (45 PIPS)
TP: 1.1970 (105 PIPS)
RR: 2.33
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and ...
The pair is currently forming a classic ABC correction and could potentially take off from the 0.618 or 0.786 which happens to confluence nicely with yesterday's POC.
E: 1.3514
SL: 1.3483
TP: 1.3593
RR: 2.54
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to ...
Judging by the former Impulse I am expecting the price to come back up and retest the 1.31xx levels.
My personal details:
E: 1.2852 (274 PIPS)
SL: 1.2750
TP: 1.3126 (102 PIPS)
RR: 2.68
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip ...
From the looks of it the pair is found in a 4H Flag Consolidation. Should it break to the upside we are then looking into the potential of an Inverse Head and Shoulders forming which should indicate some further upside for the pair.
My personal details:
E: 0.9028
SL: 0.8980
TP1: 0.9100, TP2: 0.9268
RR: 1.5, 5
For risk and money management purposes, always ...
61.8% Shark target hit (see Related Ideas section for original post) and from the looks of it the pair is on its way to forming a textbook Cypher pattern. Entry at the 78.6%, Stops below X, Target at the 38.2% of CD.
My personal details:
E: 1.3850, SL: 1.3750, TP: 1.4050
For risk and money management purposes, always determine a max. of 2% risk on every ...
The Harmonic Pattern has already be completed and already showing signs of good momentum which is why I will be considering jumping in all the way down to the 61.8%, which happens to have a nice confluence with a long term point of control
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 ...
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend.
Technical analysis:
.While the RSI resistance #1 at 73 is not broken, the probability of price increase would be too low.
.A peak is formed in daily chart at 0.9160 on 06/08/2018, so more losses to support(s) 0.9110, 0.9065, 0.9000 and ...
