Good confluence between a head and shoulders forming, a counter trendline test and a fib retracement.
We have a very high probability for a short trade in USD/JPY, TP 108:000 SL: 112:000
Currently seeing a rejection from the bearish Bat Pattern. If we get to previous structure (without violating highs) I will get involved with the Bullish Gartley Pattern. Stops below X Trade well
Potential Cypher Pattern for Daily Traders on GOLD. Entry @ 78,6 % Retracement. Stops below X Targets according to your plan. Trade your plan!
Really nice Shark pattern that the market has made us , if your going to trade this then keep your risk suitable and trade safe guys , i wish you a good week ahead :)
After yesterdays setup we broke structure to make new lows. It is therefore important to stay in the opportunity flow of the market and stick to your trade plan. If we reach level D we get a valid cypher pattern formation for a short entry. Stops above X. Trade your plan
Hey traders, Potential Bearish Cypher Pattern on the 60 min Chart. Trade your plan. Stops above X. Targets according to your plan. Greets.
Strong channel downtrend since Aug 2015, with RSI overbought at ideal short entry levels (small green squares). RSI at overbought level again; signal to short in this case with harmonic period of about 6 months. Also current small double top at about $130 mark (short orange); stock expected to close gap to about $118 for initial target short-term target. That...
80% Probability Return To Previous Structure Entry 1.07427 S/L 1.07121 T/P 107950
Entry on pullback with expectations of bullish trend continuation past 82.8 to gap to retest 83.5 on 4hr chart.
Sorry, didn't put this up earlier but it's still valid. SGMO has bearish divergence between 11/14 last year and 01/13 this year (white arrows on chart and RSI ). Also as usual, RSI shows signal for selling (overbought). The price also happens to be at the downtrend channel resistance. The volume profile shows increased more seller-to-buyer ratio since 01/17....
CHK had strong downward channel trend that turned around in Feb 2016. Ascending triangle pattern formation, on monthly, weekly and daily timeframes, for long-term swing in price to break upper resistance @ ~$8.00 (this is daily chart). Again, RSI has been so graceful in confirming possible short or long entries for the whole duration of the triangle's...
Harmonic downtrend (green trendline) since double top in 2013 and 2014; has been trying to find a base in the 40's but is now in the 30's looking for a base. Currently at high for short-term and long-term and has high probability to fall. RSI confirmation @ 65. Historically, RSI here has done well at signaling short entries. SOHU is currently in short-term...
Simple probability set up. Triangle downtrend started in 11/2016 and VNDA has only been through one full harmonic trend (wave) ever since. Second wave downward move imminent with RSI confirmation @ 35 and bearish $13 target. However, aggressive long entry for quick profit ($15 bullish target) especially with upcoming earnings. Upon $15 target, (expected RSI...
This is 2nd position entry. Bullish high base setup, trading over 20&50SMA on daily and weekly. 70 pip SL, 140 pip TGT for .88405. Currently have SL set for 125 pips on 1st position.
BEEN IN CONSOLIDATION FOR SOME TIME , NOW FOR THE NEXT IMPULSE UP
High probability short term entry to capture the retest of resistance. Entry is just above 20SMA to confirm bullish trend which is showing on 15min & hourly chart. 1:2 r/r on half position w/ 30 pip stop. If target is reached will look to add 2nd position.
If and only if gbp/aud moves above 1.7830. then I will enter a buy position at 1.7840 Stoploss at 1.7491 target 1 = 1.82050 target 2 = 1.8691 If and when target 1 is reached i will move the stoploss to break even and then some, and exit half the position, i will exit the other half at target 2 or before than depending on conditions.