Let's try this again.... So this pair has been just going up and going up and going up! And recently, it has even broken through a long standing resistance dating back 7 years ago! So why not think it's gonna keep going some more? So what to do now? I've been bullish on this pair and even am calling for MUCH MORE upside to come! But wait....is it probable that...
Happy Friday traders! A lot of my radar today but I wanted to focus on the EURUSD since I know that’s a pair that many of you are tracking especially those of you who accepted my challenge from yesterday’s YouTube video. ( www.youtube.com ) Personally I’m still bullish from the Gartley pattern earlier this week, but if I weren’t I’d be all over the bull gartley...
Potential Gartley pattern. Double top Entry-1.1017 Stop loss-1.1036 1st target-1.0936 2nd target-1.0887 Move stop to entry when 1st target is hit for risk free trade.
After the recent price action, I've had to re-adjust the bearish cypher alignment points. The bearish cypher is still present and the ratios valid. Please note the new XABCD points. It is possible that the Bearish move I spoke about in the previous post may have startled and will end at the completion of the cypher pattern. However, prices can still turn around...
Potential Cypher pattern. Major resistance at 1.6586 RSI almost overbought Entry-1.6214 or Major resistance at 1.6586 Stop loss-1.6640 1st target-1.6495 2nd target-1.6444 Move stop to entry when 1st target is hit for risk free trade.
Dear Tradingview tech guys, though i am very happy to see constant improvement in your platform, the recent addition of the "Visibility" option seems to be poorly implemented! Not only is it not very convenient to use but when posting charts, no matter if I have selected objects to NOT be visible when I post, they STILL SHOW UP! Making the chart I want to post...
EDIT: I need to correct myself as there are only 2 Bearish patterns here and not 3! One of them is a bullish pattern but still is inside the trend channel. Each pair of currencies has it's own personality. In the case of NZDUSD, one of it's traits is that it trends very well. Keeping that in mind, this pair has been on a solid down trend for weeks now. It has...
Two potential patterns here on the Cable this morning. A potential bullish bat pattern in blue and a potential bullish cypher pattern in pink. Both should be tradable unless you’re using a massive stop loss for the bat pattern. In that case it’s best to choose one over the other beforehand so that you don’t get yourself into a potential revenge trading situation....
Prices have broken down sharply to quickly reach the lower trend line of the contracting triangle pattern. This also completes the bullish cypher AND also a bullish crab pattern I had previuosly missed (it actually occurred on a lower TF but is valid nonetheless). Look for prices to retrace back up into the upper trend line and continue to trace out the triangle...
When there is a confluence of patterns that point in the same direction, there's probably a good chance that SOMETHING will happen around that point. And we have that possibly happening here soon. On my chart, I've identified TWO patterns that have confluence: a bearish butterfly and a beraish Gartley pattern. Both patterns D points are very close to one...
UPDATE #1: The bullish Gartley I posted about has hit both TP1 & TP2 for a combined +106 pips profit. The bearish cypher pattern was also quickly filled and now prices have already started retreating from there. If you got in on the bearish cypher and are now SHORT, I would caution against getting greedy and shooting for TP2 via the cypher. Price action is...
We've been watching this one for a while and it's still holding so I decided to re-post. But bearish cypher on the GER30,
UPDATE #4: Updating my post on "UPDATE #3: GBPUSD: Bearish Cypher & Bearish Crab BOTH Completed" (see Related Ideas) As I'm writing this, TP1 was hit to book +89 pips profit. At this time, PA looks good to hit TP2 as I am expecting more downside to this pair. In addition, I've added a POTENTIAL Bullish Shark pattern to look out for should prices get down that...
HI ALL, We might see a Bullish Cypher pattern setup here. We need to see a D leg Completion at a 0.786% for it to complete. Stops above X leg TGT 1 0.382 TGT2 0.618% Best of luck :)
HEY ALL, We are very close to seeing a Bullish Cypher pattern completion. Looks like we just missed the Bat pattern in Yellow, or it might still be setting up, we never know ;) Stops below the X leg of the Cypher pattern. TGT1 0382% TGT2 0.618% Good Luck!!
UPDATE #1: "Analysis: EURUSD: LT* Outlook + ST* Bear Bat OR Bullish Cypher" In the previous post on this pair, I mentioned that if prices were to not complete the bearish Bat pattern abd trace down along the lines of the bullish cypher pattern, I would look to go LONG upon the completion of the bullish cypher looking to go with my LONG TERM analysis (see Related...
UPDATE #3 on this pair: the bearish crab was completed last week but the bearish cypher had not yet been completed as of Friday last week. But as I mentioned in my post (see Related Ideas: "UPDATE #2: GBPUSD: Bearish Cypher + Bearish Crab Completed"), I was still expecting that the cypher would be filled and I said I would hold off on taking any trade until the...
We have quite good trend continuation opportunity, hour candle was closed below 11.500 which seems to be key level. When we look at D leg, we can see 3 harmonic moves, that gives some indication similar to 3drive that we are on edge. I believe that Greece news were already implemented on chart, RSI is quite high so we might see some pullback.