Hello traders! Today we have a very nice setup on FX:GBPJPY . As we see on the chart the market has broken the neckline of H&S, resistance is now a support; which means we are not in a bullish trend. Currently we have 3 potential harmonic pattern. 1. Big cypher 2. Little cypher 3. Bat According to my analyzes the best reversal zone is "PRZ 1" which is a...
Hello everyone! We have nice opportunity to g long on FX:GBPUSD . We have a gartley pattrn with the confluence of several fibs ratios and structure support at X leg. Stops go below the PRZ and our targets are 38.2 and 61.8.. -- Avto_T Financial Analyst www.rcpforex.com
No to much on my radar today, but then again, most of my analysis for the week comes after the Monday New York close. I did get a few questions to follow up on my last post. i'm a little late but here are my thoughts on the GBPUSD. If you remember last week we were keeping our eyes on a potential short opportunity as price action made it's way up to previous...
Hello traders! As I mentioned in a few words about this big gartley yesterday on FX:AUDUSD in my idea, today it is going to be completed and get ready to go short. Our targets are located on very nice key levels and stops should go above the X leg 0.7077. -- Avto_T Financial Analyst www.rcpforex.com
Look at the chart and it says everything. 1. There is a H & S pattern, neckline is broken. 2. ABCD pattern is on its way to finish. Entry: 3. Go short on retest of the H & S neckline 4. Go long at the completion level of ABCD pattern -- Avto_T Financial Analyst www.rcpforex.com
Hello traders! There is a very interesting formation on FX:AUDUSD , that indicates that the bear market is going to the end and its time for bulls. As we see there is a nice bullish gartley @ 0.6945 and a good opportunity to buy. In addition very nice structure level @0.6936 is supporting the bulls. if you look left you see that currently the price is at the...
Hello traders! I am back and want to share my analyzes on FX:EURUSD On 4H chart we have a very nice channel with the confluence of harmonic moves and fib levels. According to the latest moves we are in a bear market and very good opportunity to go short at the edge of channel between 1.0927 and 1.0962. Targets will be as provided on the chart and in long term...
The EURUSD could potentially be setting up for a bearish bat pattern completing up at 1.1398. Up at that same Fibonacci entry level 0.886 there is a fib extension 1.618 giving us a point of confluence
I'm looking at a potential counter trend trading opportunity on USDCAD. We have a conjunction of harmonic move, fib extension and structure level. Once price goes to our potential reversal zone look for your entry reasons. This structure trade presents low risk and high potential of reward for those of you who want to ride this boy down to previous structure level.
Hello traders! We have a very good shorting opportunity on #GBPAUD. As we see the market is in a bearish trend and it is a good moment to go short at the structure level around @2.0953. There is a confluence of fibs and bearish divergence. I see this level is very strong and it will be hard to break up. If the momentum will slow down, and I think it does, we...
As we see we have a very nice double top pattern. Price has tested the neckline and made little correction, what I am looking is the price to break this neckline which will be a nice opportunity for bears to go short. We may choose more conservative way to get involved in, when the price breaks the neckline wait for the retest and then sell. However there is a 3rd...
Hello traders! Here is a very nice big cypher pattern on FX:GBPUSD Our entry point is almost ready to be launched with very nice R/R. Our stops should go below the red zone and our targets will be fibs 38.2 with a very strong confluence of structure level and 61.8 with very nice structure levels. This is a very great opportunity for bears! ------- Green Luck Avto_T
Good morning everyone. Today we have a sell setup on FX:NZDUSD . As we see there is a very nice triangle with key support and resist levels and the bearish gartley pattern which completes at the triangle structure zone @0.6487. It is a very nice short setup as the trend is bearish these days. Our R/R is very good with 2 targets as shown on the chart. Stops should...
No doubt that Jason Stapleton will be showing this to you guys in our morning Warroom meeting, but we're looking at a potential Fibonacci inversion trade setup here on the EURUSD. We also have a 38.2 fibonacci retracement meeting at that same level and if you look left...well you know what we always say. "Look Left, Structure Leaves Clues" Akil Stokes Chief...
On FX:EURGBP we have a nice potential structure based bearish ABCD pattern. PRZ could be between fibs 1.272 and 1.414 with the confluence of structure resist level; look left for more confluence. R/R is very nice as our stops go above red zone and targets will be fibs 38.2 and 61.8.. Avto_T Green Luck ----------------------------------------------------- ...
Good morning traders. Today on FX:AUDJPY we have a potential bearish bat pattern on daily chart, which should complete @91.32 level. Stops should go above the red zone and our targets will be fibs 38.2 and 61.8. Watch the structure level 89.4, it is really nice resistance which could be hold. Avto_T Green...
We have a very nice shorting opportunity on FX:EURJPY . There is a bearish bat pattern and a very nice structure resist @137.00 level. Look left for more confluence. Our targets are located on key structure levels as well and stops should go above the red zone. This is a very nice setup to sell. Avto_T Green Luck ---------------------------------- ATTENTION :...
We have another harmonic moves on FX:EURNZD . This is ABCD pattern, which is almost completed and it is a good time to go long. We have a very nice structure at this level, look left and confirm. Our targets will be 1.7370-1.7570 levels. But watch 1.7292 level, it might be a hard shell to breakout. Avto_T Green Luck ----------------------------------- ATTENTION...