AUDCAD is having some trouble with the bears. Nothing to worry about because being in a trend can give some very profitable opportunities. Like this one if it continues to move downward. We all don't know if it's gonna happen but we can get a high probability out of it. Having a flag pattern or a pendant formation gives you enough information that there's a...
Testing out a new strategy using clones. Price will flirt with blue (90MA) line before breaking down to get back in trend. Entry in top red block or blue below after retest. Pay attention to trend lines and purple line (1000WMA) for exit. SL: 1.4680 TP1: 1.4481 TP2: 1.4431
May get magnetized to 205 for a little. Obey your rules
If the market continues upwards towards the D completion of the butterfly pattern (blue) we could sell the USD/JPY towards the 0.618 retracement of the C-D move. If the maket continues downwards and invalidates the butterfly pattern by surpassing point C, we could buy the cypher pattern (red).
The B point has retraced back to the 0.382 retracement of the X-A leg. C has reached below B and we are now waiting on a completion at the 0.786 of the X-C move. There is also a 1.618 level extension of the A-B leg at exactly the same area. Stops are placed above X. Target 1 is placed at the 0.382 retracement of the hypothetical C-D move and Target 2 is palced at...
Analysing market moves with harmonic ratios and harmonic moves, along with structure. If the market retraces back to this 0.618 I'm going to go long. Stops are set below the previous structure low. Target is set at the previous high, 1.414 level extension and 1.618 inversion, hoping for a re-test of the previous high.
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
Cypher forming up on the hourly time frame on AUDUSD. If the prediction is correct, it should agree with an underlying Head and Shoulders pattern (shown between the red lines), and perhaps be the initiating spark of a greater Cypher pattern on the daily time frame.
AUDJPY has been moving down on the larger time frames. Here we have a potential bearish bat pattern that could provide a good entry for getting in on the larger trade. Entry at 83.40. Stops above X at 83.85. Target 1 at 82.50 (.382 retrace), and Target 2 at 82.05 (which is slightly above the .618 retracement).
The GBPUSD has been a in long term down trend. Here we have a descending wedge so probably the prive will want to bounce of the last level of the wedge which retests the resistance. However the structure outlined with blue line has a lot of potential selling power because it was recongnised by the market in the past. Because of the general downtrend bias the...
-USDCAD is oversold on most RSI 1,2,3,4hs -Approaching 0.764 fib level -Short term resistance Looks like a decent place to go short! Safe and Successful trading
Cypher followed by a series of lower lows!
Looking to short at 1.48656 Stops @ 1.4910 First target @ 1.48081 Second target @ 1.47727 Happy trading :]
FX:XAUUSD A perfect example of the Eve and Adam reversal pattern here. Expect to make a sure profit selling it to a conservative take profit level near one of the daily fibonacci levels.
DXY US Dollar Index bearish divergence RSI SHORT Be careful on any USD related pair! Cheers, SinatraFX twitter.com
Daily chart of the EU v DOLLAR Upside for the foreseeable future and i mean until we hover at around 1.260s as i talked about on the Monthly chart displaying the overall BIAS for EURUSD.. but we have to acknowledge this major resistance level that is in our way on the Daily, we may stumble reaching it if we do not close above the previous high by the close of...
Blue box indicates the 1.272-0.786 confluence on the Fib retracement and extension.
Bearish Cypher pattern on its way to forming on Platinum priced in US dollars. Upper black line shows good previous structure , which I use as a stop loss. Lower black line shows good historic support (zoom out to see more), which the larger green box indicates as a third target. The other two profit targets are based on Fibonacci retracements.