Patterns completed on D1 and H4 charts, but it looks like the price will retest near resistance at 1.16 (Combo Shark & 5-0 pattern) H1 chart view:
Could buy the DAX with the hope that it will rebound back off this support line. Be wary of the fact that it could easily break below this support, so keep a tight stop loss or maybe even plan to short instead of buying now.
GBPNZD broke out of a descending triangle which dates back to April of 2013 and Sept of 2015. After the breakout we saw a nice retest of the downtrend and the support level of 2.07500 which the pair held like a champ. It may be a bit too late to chase this pair but it's compelling around these levels of 2.11000 for the only reason that this pair should see...
Entry - 105.99 R/R - 2.05 T/P - 107.20 - Just before 2 fibonacci confluences S/L - 105.40 - Just after major trend line level of 105.50 B/E - 106.60 Note : Gonna go short immediately after it hits 38.2% Fibonacci at 107.334
Hi there, -Recently found this good long opportunity, price has just closed above an important higher time-frame high, gave me the permission to look for bullish opportunity. As price moves, a great 2786 trading opportunity's presented. -This is one of my system which consist of a simple double bottom (or top) followed by a break and close above (or below) and...
gold is preparing to fly high after breaking the daily correction channel the fisrt target is the last high at 1280 $
Here we got a with minor trend long opportunity on the GBPUSD on a Cypher formation, i am a little worried for the target beeing beyond the resistance area, but the rules are the rules. RSI is about to go oversold and our PRZ level are 1,45140 stops and targets are as described on the chart. Kind Regards Thomas Jeff
Very strong bullish divergence on the RSI for this chart. If you like the coupled fundamentals or have more technicals to support this, then it is a definite buy!
Here is a good opportunity to go both long and short on this pair. If a bottom is formed at point C and finds support, this will line up perfectly with a 61.8 retracement at point D. This will then form another opportunity to go short with the TP being at the 76.4 extension level. I will only be entering these trades if there is confirmation from the...
What do i really like in this trade? First of all i am taking this trade with the overall direction of the trend (Bullish), i have a nice Risk/Reward potential as you can see, i can even go for more but i dont like being greedy. Also i have price action confirmation in different time frames, like the 4hr and 6hr. but i am taking this trade in a 8hr time frame,...
Hi there, I've just finished my market analysis at EUR/USD and found two trading opportunities (long & short) which gonna put the market in a bracket. Which means, no matter which way the market would go, highly likely I'm gonna have valid trading opportunity to trade. They are : 1. Gartley Pattern Completion Long Opportunity at the 4H TF 2. S & FIbs Short...
I'm very new to this so would appreciate comments on my analysis. Thanks! EXPE has good fundamentals and growth in HomeAway. I will book travel this summer with Expedia subs. 3 in 5 coworkers will too. Glassdoor rating high with 96% CEO approval.
Hey There! If you would like to learn how to trade the Cypher Pattern, in the comments will be a link for you to watch. Best Regards, Errol Muller
Hello! Here we might see a possible Bullish Gartley Pattern setting up. If you want to know how to trade the Gartley Pattern I will share with you a link to my You Tube video in the comments, Best Regards, Errol Muller
It looks like Oil found support on MA100 and reversed. MACD (H) and RSI confirms reversal but I don't want to open long trade now. Why? In spite of it looks like the perfect signal for opening long positions in the beginning of new up trend, the weekly chart gives information about strong down trend. Trading against the main direction and also the main directions...
Here we have a Cypher setup with minor trend on the AUDCAD Entry at the PRZ level at 0,98767 Stop and TP is on the chart. RSI is about to go oversold. Remember setup is invalid if it retraces back up past the 0,1414 fib over night. Kind Regards Thomas Jeff
This is an very early pattern idea on the EURUSD but i am out for a while today so i wont be monitoring this, but our PRZ area is at 1,12574 stops and targets are as on the chart. Lets hope for an oversold RSI. I got my order in place and remember if you do that and are not there to monitoring the price action, set an alarm at your broker for If / When - the...