Bounce from 2510 to between 2835-2987 over the next week to 2 weeks. Index currently in channel.
There is a cypher pattern forming on SPX500, it will terminate at the previous structure from three days ago The cypher itself gives 80% probability of success and the structure at the level further increases that probability I will be looking to go long at around 2106 area and then take half profits at its 382 retracement and the rest at 618 retracement
Update on NZDUSD: Coming right into previous resistance which is typically a good way to look for a shorting opportunity. In this case the market gives us a bearish bat pattern at the 88,6 %Retracement from X-A. Moreover the Completion point D lines up perfectly with the 61,8 % Retracment from Swing High to Swing Low. Targets and Stops as shown on the chart. ...
A short trade idea on GBPUSD. Coming into previous resistance zone while forming a potential bearish bat pattern completing at the 0.886 retracement. This offers a nice short opportunity for those pattern traders out there. Targets at 38,2 and 61,8 % retracement. Stops above X. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Reason2Enter: Mid Term - USDSGD on selling pressure Since February 16. Overall bias MT is still downwards. However price met strong buying pressure @ 1.3422 that cant seem to penetrate through just yet. Trade idea: Sell when price hit obvious Resistance level @ 1.3700 area, Intraday, 5min, 1hr, 4hr. Stop loss 50 - 100pips depends on your TF. Take profit around...
Update on USDCAD: Recently failed to make new structure highs on lower timeframes, therefore expecting retest of the recent lows. The pair forms a nice potential high probability entry signal in form of a bearish Cypher pattern. Stop and Targets as shown, but follow your plan and rules of engagement! Like it if you do. I appreciate this! Felix Website:...
Hey Traders, Outlined the process each trade should involve. Simple IF... Then process. IF the market reaches my level of interest without violating the A point of the pattern Then i will buy. Please thumbs up if you like this kind of analysis. Thanks! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Not too much to say about this one: Nice Bat Pattern within Trend meeting previous structure. Also got divergence, higher timeframe retracement and 1.618 Fibonacci Inversion. Good luck in the markets. Felix Follow me here! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Wait for retracement to buy the dip USDJPY
Still the same "Brexit" drama give negative sentiment to GBP.
We previously had a first signal that the short-term bullish moves (remember: we are heavily bearish on the daily time frame) could come to an end. The arrow shows the close below the previous low. We therefore looking for a shorting opportunity on this pair which lines up in form of a bearish gartley pattern. Beside the standard target 1 (38,2% oft C-D leg) ...
Nice Bat Pattern setting up on the daily. Very high probability trade setup here guys. We have multiple trendlines converging at the point of the Bat completion. I am expecting a move down to at least 1.11000s and then likely all the way down to around my L3 (low 3) of the larger HPF Setup. Risk reward as usual very nice.2.45 to Target 1 and a 4.25/1 to Target 2....
I believe that is a good opportunity for any period. Stock still looking up and gaining strength for new highs. What do you think about it?
Has hit the top of the channel Bearish Divergence Harmonic pattern has formed (click on related idea to see harmonic pattern)
Price has been down trending since April 2014. Obvious swing highs and lows. The upside rally in January 2015 created a higher high and also a resistance at the 0.99600. Price has retraced and could be forming an inverted head and shoulders pattern. The strong engulfing candle is the signal to go long and marks the potential end of a swing low. Entry price is...
High Probability Trade of the Day! Trade with the trend High Risk to Reward
High Probability trade of the day Long EUR/JPY @ 141.40 Target 142.50 Stop Loss: 140.90 Notes: Bullish divergence observed on the 15 min chart Possible inverse Head and Shoulders Formation Price broke above the cloud (Bullish in 15 min)