Here on FX:EURJPY we have a very nice harmonic moves inside the channel. This is so called 3-drives pattern and we have a very nice trade setup to go short. The structure and harmonic moves gives us the clear opportunity to sell. Our target is the next support level @ 134.72 with the confluence of fibs 50.0, and stops go above previous lower high. Note, that we...
Hello traders. Today on FX:GBPUSD we have a very nice shorting opportunity. The price has made perfect double top @1.5470 at very strong structure resistance level. For more confluence look left or switch to daily or 4h timeframe to see it better. Then price broke the neckline and went back @fibs 61.8 which gives us a 2618 setup and very nice shorting...
Good Monday traders. Here is the first setup of the week. We have a pure structure based shorting setup on FX:NZDUSD . The market is moving in the wedge currently and I am waiting the price to enter the Red Zone and fall all the way down. The reversal zone is between the structure resist and the fibs 61.8 with the confluence of look left structure. We should wait...
On FX:EURUSD we have very nice structure based setup, which is in my radar today. Currently I wait for the price to retest the structure support @1.1244. We have a nice confluence of Fibs 38.2 right at the support level. So I look the price should finish the correction in the red zone and then rally up to the next structure level @1.13518, where we have fibs...
Today on FX:EURJPY we have a very nice shorting opportunity with good R/R. First of all we have very strong structure resistance @136.45 with the confluence of fibs 61.8 and daily R1. Our target is the next structure support with the confluence of fibs 38.2 @134.99 Besides we have a bearish divergence and all these gives us a good chance to go short...
Hey traders, sorry for being away all week but I needed to get away from some of the negativity that exist on these social sites and concentrate fully on what matters most TRADING. The chart above is of a trade we took on the USDJPY this week using nothing more than the fundamental skills of reading a price chart and using the Fibonacci ratio tools. Obviously...
We have the perfect harmonic moves on FX:EURGBP Price is moving between the channel and making harmonic moves, which means we are in a 3-drives pattern market. As we see we have the perfect fibs 61.8 and 1.272 confluences at the edges of channel and it is the best time so sell. The first target is the next support, where price might consolidate. The second...
Hello traders. Today on FX:EURUSD we have very nice structure based short opportunity, that is double top. We see that price tested the structure resistance and now, if the price retests the structure level @1.1243, but doesn't close above the resistance, we should go short on NBM. Besides there are very good confluences here: Left top is overbought Bearish...
I wake up, did some analyses and found out this perfect opportunity on FX_IDC:USDJMD Completed Bat pattern at the PRZ zone with the confluence of: 1. Fibs 61.8 2. Structure resist 3. Daily R1 We have very nice R/R targets: Target 1 with 1/1.95 RR and Target 2 with 1/3.4 RR. I want to mention that X leg is located in very strong resist zone, which gives us more...
Today on FX:EURUSD we have a shorting opportunity at the edge of potential channel with the confluence of fibs 61.8 and the structure resistance. I think the price will come back to previous structure support -which will be the good opportunity to get involved and go long. 1. IF price breaks the channel and the resist than we should be looking our targets to be...
Hello traders. Today I want to take your attention on FX:EURJPY shorting setup. We have a very nice shorting opportunity right at the structure resist level. We have a double top with bearish divergence, which is a good confluence, besides fibs 0.786 @133.30 resist level. We have 2 potential targets both at support zone.
So, here on FX:NZDUSD there is a very good trend following opportunity that should be monitored during the next trading week. I am looking the market to do the following moves: As we are in a bear market right now I look for the retest structure, price should enter the reversal zone and then fall down. As you see we have fibs confluence of 38.2 right at the...
Hello traders. Today on FX:EURUSD we have a nice opportunity to go short. It is easy and interesting structure based setup. So what we have here is that we should wait for the price to retest the structure support, however we have a fibs 38.2 and daily PP confluences at the structure, Then we are free to go short all the way down. There are 2 potential...
Hello Traders, I am back from my vacation and happy to come back here. So here on FX_IDC:EURUSD we have a potential 3 drives pattern with perfect fibs ratios. The pattern should finish @1.1110 around the daily S1. Besides, if we look left we see nice structure support zone right at the buying area. Regarding the targets we have 2 potential target zones, and...
1. If price reaches the completion of this GARTLEY pattern I will sell. There are three structure highs close to the completion point of the pattern. 2. Stops will be placed above the highest point which is also the A point of the potential BULL BAT pattern. When several highs are close together the highest point often gets tested. 3. Target 1 is slightly above...
A potential short entry at market. Price action has reached a zone where 2 Fibonacci retracements are located. We have some structure in the orange box looking left. There is also bearish divergence on the RSI with overbought condition. Maybe we can wait for a double top for more confirmation.....
We placed NZDUSD on our radar during yesterday's Live Room session and have been tracking it ever since. I apologize in advance, but the analysis that I did on this pair is somewhat advanced so I'm not going to attempt to duplicate what I shared with you in last night's Syndicate video. Honestly speaking it's a lot clearer on the 13 period range bar charts (as...
Looks like bitcoin is about to get another big wave down, this should bring us under $200 within the coming days. On this chart, you can see that we have a pretty nice bearish Gartley pattern (www.investopedia.com). Along with 2 Elliott Wave Ending Diagonals, one is Wave C of a flat (red lines) which I believe to be either part of Wave E or Wave 2, the other is...