Potential Cypher Lining up here Lets see what happens
Heres a wave study I put together for a response to another post. I used the Elliot rules the best I could to predict this chart accurately. I am still studying the theory so I'm open to suggestions.
Heres a wave study I put together for a response to another post. I used the Elliot rules the best I could to predict this chart accurately. I am still studying the theory so I'm open to suggestions.
On FX:GBPJPY , the market moves sideways on 1H bars. There is no clear direction bias. We all know that when the market moves sideways, it could be opportunity for Harmonic Pattern traders. It is a resistance level at 186.13. It is also X leg of this potential Bat Pattern. The market were close to that level few times but it was rejected as many times. It is...
This setup from previous chart analysis is not over yet, but there is a new entry level as explained below. Read it for more rationale behind this setup. Hacking the Fundamentals While the FOMC was hawkish on their statement and the possibility of a rate hike on December increases, the fundamentals behind UK and the Pound continues to be the best among the...
The primary trend of GBPJPY is bullish on charts. In its hourly chart, the pair is sustaining above its rising trend line. Prices are consolidating with strong negative bias and its 30 DMA is also providing resistance to the prices supporting the further down-trend. Support level 185.20 If it breaks its support level & sustains below it then it is expected to...
For the meanwhile this pair is looking short to downside targets of 182.500 possibly lower. For those of you who are looking to enter short a break and close below the mini yellow trendily would be a good entry. However on the longer term picture we are looking longer to the "D" on the red harmonic pattern around 187.930. If price does not drop down to the...
We have a very nice potential bullish bat pattern on FX:GBPJPY . Our stops should go below the red zone and targets will be fibs 38.2 and 61.8. Fibs 38.2 is very nice level due to structure (look left). Besides keep an eye on todays news. Avto_T Green Luck -------------------------- Pre Launch Survey Facebook Page Facebook Group Twitter
Making my first try at clones. Both the 100% extension (yellow box) and the 0.5 retracement of the two moves (orange box) coincide at approximately the same price, meaning this is where we will go long (blue box). Hopefully the trendline will hold and take us to the skies. Our entry will be a pinbar/inside bar/doji at the trendline. Our stoploss go a couple of...
Hey everyone, we can trade this in two ways. The first is selling the breakout or we can trade the pattern (catch the last leg). I would personally like to buy above the black horizontal line towards the D leg. Good Luck
The primary trend of GBPJPY is bearish on charts. In its 4 hourly chart, the pair is not sustaining at lower level and consolidating with strong positive bias and is likely to give break out at upside. Its 30 DMA is also supporting the upcoming bullish trend in the pair. It is facing an important resistance at the level of 183.40. If it breaks its resistance level...
we have a very nice Bat pattern on FX:GBPJPY which is almost completed. Stops must go below the structure level 184.22, look left and check it. And our targets are 38.2 and 61.8 fib levels with the confluences of very nice key levels. Be aware that price has a high momentum, let it calm down and then go long. Besides we have a very nice confluence of weekly S1...
Speculative potential targets and scenarios for entry and TP. I got in with QM at 182.700. FINGERS CROSSED....AND STEADY AS SHE GOES!!! :-) Opinions most welcome folks.....