TCT Trade Eurgbp short abcd pattern + fib extension confluence
Bears took bitcoin back to ground and now that forces seem to be on balance, the following days should bring a normal uptrend speed, framed by the 0,5 and 0,618 fibs. Thus it will take us a couple of weeks to get back to the previous peak. Several indicators are still on the bull side and after three days, they seem to be stable. This idea gets invalidated by...
Price will bounce from 1.49702 If price breaks up that price it will retrace and come right back down for a free fall of cash.
Hello Traders, Here we have a Wolfe Wave & Geo structure that is pointing DOWN after the current bullish run. A couple of things to note here. 1. This Wolfe Wave structure is still speculative since point 4 has not been defined. But, with the use of Fibonacci Extensions and ab=cd patterns I have defined a probable level where point 4 can be found. Point 3-4...
If you are into Harmonic patterns, here we have a cluster via patterns (Butterfly&Deep Crab) POTENTIAL SELLING AREAS ARE AS SHOWN IN THE CHART ABOVE (use in confluence with other "signals") Happy Trading
at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long...
Not so much a trade strategy by itself, but perhaps a useful tool to compliment a trade system or to be used as a trade entry filter.
0.5 is holding strong. Also a strong confirmed trendline backing it up. entry at 0.70036 and pt 0.70700 to 0.71100
AUDUSD made a new high, I'm looking to enter a buy position on a pull back around 0.76650, near the ascending trend line and 38.2 fib level. Let me know your thoughts on this setup. Thanks. ** High impact China news at 10pm est may effect price action for this pair**
Here I've drawn up the fib retracement. Swing Low to the Swing High. Retracements are normally more responsive for a stong reversal at .618 Go Long. Strop Loss would be at the nearest structure which is at . 154.466 I placed my TP at 155.155 because the resistance right their is very strong look to the left and you will see structure.
2 previous advance patterns completed. I am still in the trade on the blue short cypher pattern. I believe the market will rally to the blue box area and terminate around 0.3039s. There is a Fib retracement of 0.382 in that area. Then market will reverse and continue short terminating at 1.2850s completing a 3 drives pattern. 3 drives completes at a major support...
Crude WTI in downtrend channel play, might correct to blue line possible targets t1 36.0 t2 34.0
Hi traders, On the GBPUSD we can see a clear triangle forming. I am looking for a long entry around 1.14163 area. My reasons for this: Trendline hit Previous structure 61.8 or 31.8 fib retracement Entry: 1.4163 Stop: 1.4097 Target 1: 1.42715 Target 2: 1.44 Best of luck!
Hi traders, On the AUDJPY I am entering a short position as soon as the market opens. Reason for entry: Trend continuation Previous support & resistance 38.2% fib retracement on the daily chart Trendline Entry: 85..7 Stop: 87.3 Target 1: 83.235 Target 2: 80.07 Best of luck!