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ahelfensteijn ahelfensteijn GER30, D, Short
GER30: Dax goes down finally
165 1 7
GER30, D Short
Dax goes down finally

Dax gives oversold and seems to correct its bullish move for now. Possible take profit in the move could be first missed monthly pivot.

Antoniocabs Antoniocabs USDCAD, M, Short
USDCAD: USDCAD Longterm Short
32 0 2
USDCAD, M Short
USDCAD Longterm Short

waiting for confirmation of break of the current monthly trendline support, after that a good move to the downside to price 1.28256, that support will be tested for a further break to create the new lower low in the monthly perspective.

glennmercer glennmercer PRO GBPUSD, M, Short
GBPUSD: Cable Monthly H&S - Wait for Bounce
164 0 10
GBPUSD, M Short
Cable Monthly H&S - Wait for Bounce

There is a clear head and shoulders pattern complete on the monthly chart for cable. Instead of shorting the pair immediately, I'd rather sell it from the 1.6 area to create a higher R/R and minimize risk. If we see a monthly pinbar for August I will be buying the pair up to this level on the 1-4 hour TF. There's an overage of pessimism surrounding the GBP at ...

glennmercer glennmercer PRO NZDCAD, 240, Short
NZDCAD: NZDCAD Short: Wolfe Wave + Expanding Triangle at 50% Retrace
163 0 11
NZDCAD, 240 Short
NZDCAD Short: Wolfe Wave + Expanding Triangle at 50% Retrace

After the RBNZ announcement cancelled the last NZDCAD short, a new opportunity has presented itself. A bearish WW has formed with the touch of the 2-4 parallel confluent with the 50% retracement level. We also have a potential E point of an expanding triangle complete which may mark a larger reversal from these levels. On the daily chart, the pair is contained ...

amanpaulbhogal amanpaulbhogal EURUSD, W, Short
EURUSD: Weekly time frame analysis of EUR/USD
59 0 4
EURUSD, W Short
Weekly time frame analysis of EUR/USD

Please see annotated chart for details.

glennmercer glennmercer PRO GBPAUD, 15, Long
GBPAUD: GBPAUD Long: Breakout to New Monthly Pivot
367 1 11
GBPAUD, 15 Long
GBPAUD Long: Breakout to New Monthly Pivot

GBPAUD has broken a bearish trendline and could possibly reach its new monthly pivot for February, 2016. This is a simple mean reversion trade based on structural S/R and a trendline breakout. Support may be found at the 200SMA and 200EMA lines in addition to S/R from structural lows. The short-term bullish trendline may also add support should price reach ...

glennmercer glennmercer PRO EURCAD, 60, Short
EURCAD: EURCAD Short: Bearish 5-0 Accompanied by Bat
134 0 7
EURCAD, 60 Short
EURCAD Short: Bearish 5-0 Accompanied by Bat

EURCAD has been trending upward for a couple of months and has recently shown signs of weakness and a potential reversal. The 5-0 pattern is a great way to enter on the reversal. The entry is placed at 0.5BC which is confluent with the completion of a bearish bat pattern. SL is placed above structure highs and .618BC. Targets are placed at BC terminus, ...

glennmercer glennmercer PRO GBPJPY, D, Long
GBPJPY: Long GBPJPY: Bat + Crab Complete at Weekly Trendline Support
259 0 4
GBPJPY, D Long
Long GBPJPY: Bat + Crab Complete at Weekly Trendline Support

GBPJPY has entered the PRZ of two bullish patterns on the daily chart. The PRZ aligns with both horizontal and trendline support which may add to the potential for reversal at this level. Multiple unhit monthly and weekly pivots sit above price and may help pull price toward target. To add to bullish bias, MACD has produced bullish divergence and RSI is ...

glennmercer glennmercer PRO USDCAD, 60, Short
USDCAD: USDCAD Short: Bearish Gartley in S/R Zone
257 0 9
USDCAD, 60 Short
USDCAD Short: Bearish Gartley in S/R Zone

USDCAD is nearing the completion of a bearish Gartley pattern. The PRZ falls inside of a significant S/R zone, adding to the probability of a reversal at those levels. With a potential upcoming rebound in oil this could provide a nice entry for a larger bearish move toward the missed pivots sitting below price (see related ideas). This would of course depend on ...

glennmercer glennmercer PRO AUDCAD, 240, Short
AUDCAD: AUDCAD Short: Gartley, 2 Crabs, Wolfe Wave, Pivot, S/R
289 0 6
AUDCAD, 240 Short
AUDCAD Short: Gartley, 2 Crabs, Wolfe Wave, Pivot, S/R

AUDCAD has completed a series of bearish patterns at an important .382 retracement level. Two bearish crabs are confluent with a bearish Gartley pattern and a bearish Wolfe Wave 2-4 parallel. To add to the bearish bias, the unhit pivot for the month of December is precisely confluent with 50% retracement of the green crab CD leg. SL is placed above WW entry ...

glennmercer glennmercer PRO CADJPY, 60, Short
CADJPY: Short CADJPY: Gartley + Wolfe + TL + Pivot
254 1 12
CADJPY, 60 Short
Short CADJPY: Gartley + Wolfe + TL + Pivot

CADJPY has completed a bearish Gartley pattern and has thus far respected its resistance in the potential reversal zone. The Gartley PRZ falls in the sell zone of a bearish Wolfe wave which produces a confluent target with the harmonic pattern. To add to bearish bias, an unhit monthly pivot sits below price. SL is set above Gartley 'X' point with targets at ...

glennmercer glennmercer PRO EURGBP, 240, Long
EURGBP: EURGBP Cypher, Wolfe Wave Complete at Support - Ending Diagonal?
539 5 11
EURGBP, 240 Long
EURGBP Cypher, Wolfe Wave Complete at Support - Ending Diagonal?

EURGBP has produced a bullish cypher pattern in addition to a number of other bullish signals. The PRZ of the cypher lies at a major support trendline (see chart below). A bullish Wolfe wave setup has been completed in the same area. Bullish RSI divergence is present and is also oversold at the PRZ. To add to the bullish bias, an unhit cluster of pivots sits ...

glennmercer glennmercer PRO EURUSD, 60, Long
EURUSD: Long EURUSD: 1H Bat Complete in 4H Gartley PRZ
531 2 9
EURUSD, 60 Long
Long EURUSD: 1H Bat Complete in 4H Gartley PRZ

EURUSD has completed a bullish bat pattern inside of the PRZ of a larger TF bullish Garltey. Moving into the bat PRZ, RSI and MACD have printed bullish divergence. To add to the bullish bias, an unhit pivot cluster sits above price and coincides with .382 retracement of the Gartley CD leg. Targets are placed at .382 and .618 retracements of CD. SL is placed ...

glennmercer glennmercer PRO GBPUSD, 60, Short
GBPUSD: Short GBPUSD: Bearish Crab + Pivot Cluster + Wolfe + S/R
471 0 8
GBPUSD, 60 Short
Short GBPUSD: Bearish Crab + Pivot Cluster + Wolfe + S/R

GBPUSD has formed a potential bearish crab which contains a PRZ that coincides precisely with an unhit pivot cluster and a potential Wolfe Wave target. As profits are taken at the pivots, price may have a tendency to reverse quickly and drastically. SL is placed above a significant support and resistance area. Profit is taken at the PRZ of a potential bullish ...

glennmercer glennmercer PRO OPK, D, Long
OPK: Buy OPK: Bullish Bat Complete at Psychological Support
216 0 1
OPK, D Long
Buy OPK: Bullish Bat Complete at Psychological Support

OPK has completed a bullish bat pattern at an excellent support level. Price is showing clear signs of respecting the tight and confluent PRZ and may begin to reverse toward the upside in the next couple of days. The company has strong fundamentals with Phillip Frost's outstanding track record in biopharmaceutical innovation as its backbone. PRZ ...

glennmercer glennmercer PRO AUDCAD, 60, Short
AUDCAD: AUDCAD T2 Achieved: Now Short at Bearish Deep Crab
149 0 3
AUDCAD, 60 Short
AUDCAD T2 Achieved: Now Short at Bearish Deep Crab

AUDCAD has achieved T2 of the bullish crab idea that I recently published (see below) and has now completed a bearish deep crab pattern. The PA has respected the 1.618 projection of xa and it is time to look for a short entry. Confluence in the PRZ: 1. Bearish Deep Crab Completion 2. Weekly Pivot 3. September, 2015 Pivot 4. .618CD (Bullish Crab Target) 5. ...

glennmercer glennmercer PRO AUDJPY, 60, Short
AUDJPY: AUDJPY Short: Gartley Complete, Target at Weekly Pivot
201 0 2
AUDJPY, 60 Short
AUDJPY Short: Gartley Complete, Target at Weekly Pivot

AUDJPY has completed a precise bearish Gartley pattern after a .618 retracement of the xa leg followed by another .618 retracement of ab. Although the pattern is technically complete, Gartley patterns will often test all of the levels in their potential reversal zones which typically consist of the area between .786xa and ab=cd. A conservative entry is at the ...

glennmercer glennmercer PRO EURCHF, 60, Short
EURCHF: EURCHF Short: Ending Diagonal & Wolfe Wave Reversal to Pivots
163 0 0
EURCHF, 60 Short
EURCHF Short: Ending Diagonal & Wolfe Wave Reversal to Pivots

EURCHF has completed a possible ending diagonal and has made a reversal in a confluent PRZ. Wolfe Wave theory defines the sweet zone, or the area of a probable reversal, as the area between 1-3 and the 2-4 parallel extension from point 3. Similarly, EW theory suggests that wave 5 will often overshoot in an ending diagonal which may be followed by a swift and ...

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