As always I like to spend sometime fine tuning my chart reading skills by performing analysis on pairs outside of my trading portfolio. Here on the NZDJPY we have a potential bullish bat formation along with a potential abcd pattern lining up at previous structure support.
short at 0.7612 first TP 0.7524 TP2 @ 0.7469
GBPAUD is currently in a 5 wave corrective pattern. Wave C has just been completed, so I am expecting an impulse wave to the downside to form its D wave... setting up a short sell setup.
A bullish Bat is forming with entry point above previous structure, in a level with fib confluence
NZD/USD IS SETTING UP NICELY TWO PATTERNS. WATCH THE MARKET FOR POTTENTIONAL BUYING OR SELLING OPPORTUNITIES IF THE PRICE WILL CLIMB TO 0.72920 THEN THE BEARISH GARTLEY WILL BE COMPLETED. IF THE PRICE GOES DOWN TO 0.72200 THEN BULLISH GARTLEY WILL BE COMPLETED AND THEREFORE BUYING OPPORTUNITY OCCURS. WATCH IT CLOSELY. JUST MY OPINION, NOT A FINANCIAL...
Looking to get long on the GBP/USD @ price 1.29330, beware the news that can make it invalid. I'll keep you updated.
Looking for an opportunity to get involved in this downtrend move got a very nice potential Gartley formation coming right at structure. But this time the market gave me another signal that stick to my trading rules in order to enter in this position, we got a double bottom at a very psychological number of 101.000 with RSI divergence, so in this trade I'm...
Will the downtrend continue with a back to back bearish flag? Flag has formed, wait for breakout confirmation to enter the short. The trend is your friend
Here we can see multiple opportunities for $EURUSD
We have pattern setting up, we will look for a short if the price goes to our previous resistance
If we break through the support the price is at right now, we will look for a LONG @1.28660, being our target previous resistance that is now support :)
En nuestro radar tenemos un nivel estructural de compra importante, sin embargo estamos esperando que los patrones de precio nos digan que se va a respetar este soporte, de no ser así, esperaríamos un retest a la estructura previa para vender el breakout. On our radar an important level of structure, just waiting for price patterns to confirm a reversal sign to go long.
Gartley pattern almost finished. Entry at 1.30410 (point D).
Who like pattern trading this is good opportunity. Enter at 0.886% (098795) from X to A retirement at point D, and the first target that I market is on 0.382% (0.99075) retirement from A to D, you can also take second target at 0.618% (0.99265) retirement from A to D. We gonna place stop just below X (0.98630). We have around 1.7 on win/lose ratio.
Bullish & Bearish Gartley patterns in a consolidated market. Either way the market moves trades have a high-odds opportunity provided the structure of the patterns remain in-tact.