Perfect scenario to enter the EUR/USD long, 1,12 is an important support zone and psychological border. We follow the general upwards trend of the last weeks by opening a long position. Target is set at the last structural zone. Stop-Loss a few pips below the support zone. High Risk Reward Ratio!
Hello Traders, Here we have a valid bearish cypher pattern on FX:GBPAUD , that is coming close to its completion point. After adding few Fibonacci extensions and inversions, I was able to obtain 3 Fibonacci confluence zones and all of them are located between our short entry (1st zone from the bottom) and the X point of the cypher pattern. Also note we have a...
Potential bullish bat is forming, D point matches dynamic support line, that adds strength to buy signal, buy only when price reaches PRZ (D) and RSI indicates oversold. Good luck!
Hello Traders, Looking at FX:XAUUSD on 4 hour, we see a valid Bearish Cypher Pattern that has already been completed, with the market currently at the entry point (78.6% Fib level). We also got a measured AB=CD move BUT not a harmonic move, since we never retraced back down to the 61.8% Fib level of AB leg. It would be better to take the partial profits at...
After 4H channel breakout, there is a good chance to get in within a pullback.
Hello all traders! More harmonics! We may have a Bearish Butterfly pattern on USD JPY 60m Conserve losses! As we have NFP on the way! Have a good one, and all the best in your trading! CharlieFX
Hello All Traders, This may be a very nice setup! be conservative, Is a 10+ Risk to Reward setup! RSI ( OVERBOUGHT) -- Stoch (Flat OVERBOUGHT) All the best in your trading! CharlieFX
Hello Traders, This is a simple price action based long trade setup in FX:GBPJPY on daily time frame. As we can see the 184.230 level has been tested and respected by the market on several occasions (marked by blue boxes). The amount of re-tests this level has gone through signifies the importance of this level. Thus after getting today’s daily candle close...
Hello Traders, Here we have a valid bullish flag pattern on FX:AUDNZD and now we are just waiting for a breakout to the upside. Flag patterns are also consolidation patterns, just like any other harmonic patterns ( cypher , bat, butterfly , crab , gartley ). This pattern is usually formed after a strong movement in price action. There are 3 main parts to...
On CADJPY pair market did #doubletop with almost same price level. This two top highs is Elliott wave correction end with wave C and continuation lower wave 2. Double top is made piercing and closing below possibly strong resistance zone at price ~93.000 confirmed by Fibonacci retracement of 38.6%. If price goes lower with confirmation of down side move, it could...
Hello Traders, Here we have a valid bearish flag pattern on FX:GBPJPY and now we are just waiting for a breakout to the downside. Flag patterns are also consolidation patterns, just like any other harmonic patterns ( cypher , bat, butterfly , crab , gartley ). This pattern is usually formed after a strong movement in price action. There are 3 main parts to...
Hello Traders, Here we have a valid bullish bat pattern on FX:GBPAUD , which is accompanied by a bullish harmonic move that will be completing just before the bat pattern completion point. On the daily time frame, this pair has put in only a lower low BUT not a lower low lower close. So the structure has been violated on the daily which is an early...
This pair is in an ascending triangle on the daily. It's also hitting a major level. Seems probable. What do you guys think?
Hello Traders, Unfortunately I was unable to post this valid bearish cypher on FX:GBPUSD much earlier. Market has just moved about 18 pips from our cypher entry point. We could still get a possible retracement to that level, which would allow you to enter into this pretty bearish cypher pattern. The risk to reward on this setup is 1:1 for the first target...
Trend continuation on EUR/GBP, with a good RR.
Targeting second target, info on chart would suggest moving SL to around .6980 for this second trade NOTE: Last AudUsd's chart title was supposed to say long trade instead of short trade
Hello Traders, Here we have a VALID SYMMETRICAL TRIANGLE on FX:NZDUSD , which was completed and tested earlier and now we are able to short this pattern with good risk to reward. I have labelled 3 potential targets for this pattern, one is at the completion of the ABCD pattern, the second is at the 127.2% fib extension of AB leg and the last target is the...