Hi guys, this is the AUDUSD 4hr chart and i've been waiting for this AB=CD to complete for a long time, now the moment has come. We have an AB=CD pattern completing right at a previous daily structure level, with some Fibonacci confluence and a nice RSI divergence. If price shows us some buy signal it would be a good chance to go long and make some profit, risk to...
Hey guys, after missing the shorting opportunity on this pair yesterday price is now back to the bottom of the chart, testing the daily structure i've drawn (yellow box). A bat pattern is completing right there and it's in confluence with an AB=CD 1,618 pattern. Also, we have some nice clues on the RSI, that's in divergence (both in the daily and 1hr chart) and in...
looking for sell setup. whether from ABCD, 1618, or left structure. just watch price action
retrace to .618 then enter with sl at 0.5 level (1.05986) with the tp at 1.27 extension level at 1.05355 for potential 53 pips 4+ R:R
The pair is looking bullish in the bigger picture. This is a possible setup currently, but I am waiting for a trend line breakout to occur in order to trade the pair with a more rewarding setup.
Two ABCD moves to Structure rectangle 78.6 FIb Retracement 161.8 & 1414.4 Fib Extension at structure rectangle RSI OS 0.7000 Underlying at structure Uptrending trendline on Daily chart Trigger: Higher High High Close Candle
Because AB=CD, CD 1.618 times at E point (this is the secret I found). Therefore, in the vicinity of 112.30 to buy, stop at 112.30 points below 20, only in the 113.10. to allow time to verify it!
Because AB=CD, CD 1.618 times at E point (this is the secret I found). Therefore, in the vicinity of 112.30 to buy, stop at 112.30 points below 20, only in the 113.10. to allow time to verify it!
Lots of confluences Simple trade My charts are a little messy
Another stock which reached a long term 2.618 finonacci extension level, it's HON . There are two additional signs for top formation. First, the fibonacci extension coincides with a rising resistance line. Second, the RSI shows a extreme overbought level, last seen in 2007. However, in 2007 NYSE:HON set its top a little higher and a few months later. Entering a...
Resistance on the weekly and trend line breakout.
Looking for a potential reversal pattern to trade to the upside. Keep an eye out for a breakout from the trend channel.
3:1 Risk Reward Please leave feedback on this idea. Constructive criticism would really be appreciated.