USDJPY offers three POTENTIAL opportunities: 1. bull gartley (blue) entry @ 123.90 2. bear bat (green) entry @ 125.10 3. bull cypher (light orange) entry @ 123.50 --------------------------------------------- If you like this, check: www.facebook.com Subscribe on: eepurl.com "Build a plan, follow it consistently" Regards Rafael
EURUSD, in H4 timeframe, did a new low after double tops structure. Bullish pressure seems to be trying to pull it back and a good level to place a Short is in 1.1345, where there's resistance by structure and by Fibonacci Retracement.
ABCD Pattern in progress with excellent RR,more conservative SL can be set on 1.583 with good RR.Tp1 is on 38,2 Fib retracement while tp2 is on 61.8 retracement
Comments are appreciated. EURUSD has put a nice bearish weekly Doji and also a bearish H4 candle. On the H4 chart, I see an opportunity for a possible short scenario with a break below 1.118, which will become a resistance. A highly possible retest and fail. In that situation, a short position entry at 1.117 will target around 1.0675. The pair might retest 1.139...
EurUsd is giving a short opportunity AT MARKET with bearish bat patter completion. Warning: wide Stop Loss (I set it 1 ATR above X, you might evaluate if place it above 1.5230, the previous resistance level marked with red line). R:R very attractive: TP1 @ 1.1010 and TP2 @ 1.0800 -------------------------------------------------------------------------- If you...
On GBPUSD we have 3 Pattern set up, Bat, Cypher, Cypher. My prediction: - Fill of the Bat-Patter (red) aiming for 38.2 Fib Target - From there on a possible down move to fill the blue Gartley-Patter, aiming for TP1 and TP2 (blue lines) -After targeting the blue Gartley, another down move to the purple Gartley (H4) with targets around the actual range.
Bullish pattern observed yesterday night with the price of the USDJPY reaching new lows on the four hour chart, besides this the price did hold really well around the 118.22 support area that has been acting three times now. I left the trade to have a little more time before entering and today I entered the trade after the close of the four hour bullish candle...
Everything on chart :) I follow the rule less is more! Safe and secure entry would be waiting price breakdown trendline + EMA 12 but you might me little to late So i would suggest here little more agressive entry, drawing trendline accurate on H4 and wait that price reach around EMA 200 (please check your charts) and after price BREAKDOWN TRENDLINE + EMA 12...
Bear without comment from the 1339$ at 07.13.2014 we are up once of the mm50.After the ema30 has allowed vendors very good entries, demonstrating the strong presence since beginning of trend. For some days we are seeing an increased presence of buyers causing sorties over the ema fences without closing after, a kind of rounding bottom or double bottom formation...