If you have been following me for awhile, you will probably know that I trade mainly the currency pairs, occasionally gold, silver, oil and the Indices.
I have traded BTC only once ever ever ever in my trading life. It was a winning one too :) (See related post attached) - just realised it was more than a year ago
However I see an opportunity coming...
Potential BAT Pattern
X-A – completed
A-B – between 38.2 and 50% FIB – Correct the pair finished at 50%
B-C – Between 38.2 and 88.6% -Correct the pair finished at 88%
C – Has finished below A
X-A-B-C Pattern Completed
Potential SELL down to 127% Fib at roughly 109.10-109.30
The divergence on the stoch is shown using fat purple lines. Possible price targets are outlines in bright green. Possible Stop loss is the red line. Price is right at its most important point, at this point price action is either going to indicate a reversal in which case that is the signal to go short, or price action will move past the 1.618 retacement or the...
This chart has a really good divergence, shown by the purple lines. Targets 1 - 3 are the green lines 0.382, 0.618 , and 1.00. Stop loss is the red line. The price reversal zone or PRZ is the blue rectangle. Wait and watch price action in the PRZ and if there is a clear reversal in the PRZ then go long and the three green lines as target. Often it never hits the...
Divergence is in purple and might be nothing at all. Targets are in bright green and stoploss is in red. PRZ is the blue rectangle. Once a reversal is confirmed IN THE PRZ then place the trade short.
I spend hours daily finding tradable Harmonic Patterns and I post them to here because I want my work to help more than just myself. IF you like this then thumbs up...
Divergence is the thick purple lines. Price targets are t1-t3 in light green. Stop loss is 0.786 in red. I'm a little late to post this but it is looking like price is going to reverse, it is respecting the resistance predicted by the harmonic pattern.
I spend hours daily finding tradable Harmonic Patterns and I post them to here because I want my work to help...
Watch price action once it hits the PRZ that I have indicated with the rectangle drawing. There is also a divergence of the stochastic. If price action shows a reversal in the PRZ then trade long and I would suspect price hitting the 1.00 target or target 3.
Bearish Deep Crab on CHFJPY today gives an opportunity to ride a short position to the median line, granted we get an appropriate entry signal.
I'm going to be looking for price to break below VWAP with increased bearish volume. I use a couple of other indicators as well, as I'm sure you do too.
Price has good chance of retesting median line of pitchfork (in...
We are predicting the formation and completion of the Cypher pattern as seen on the 4 hr chart . Our strategy is to trade the 4th leg of the formation which has received further confirmation by breaking the yellow trend line. FX:EURCAD