This is a perfect example of how simple pattern trading can be. Two potential Gartley Patterns lining up. Because of the deep B- leg the potential D points are close to X, which gives us excellent RR setups. Just make sure they meet your personal rules for entry. Good trading. -Felix
Greetings Fellow Traders, Following up on a recent EURUSD analysis, the market unfortunately at his time did not provide us with a support entry or retest of yearly lows....however it DID confirm the break of the Descending Wedge on the daily chart. I will be looking to enter a long position on a retest of this significant level. Please keep in mind that the...
Breakout accrued followed by test to the neckline.
I might have missed the train on this one as I had not set my limit order. Anyway, bearish gartley completed D-leg, RSI also shows overbought + bearish divergence with double top on 15 min. Entering at 123.121 if it takes one more turn before heading our direction! Targets and stops marked. Happy trading!
Greetings Fellow Traders, If you've been following me for some time you know that my view on the EURUSD has remained bearish since we formed and broke the Super Trend Triangle. As we approach the weekly open for the last week of November and first week of December we have some interesting price action that is giving us a very strong reason to actually go LONG or...
Bullish Bat about to reach D-leg completion - LONG opportunity. Limit order is set at "Entry". Stop loss below previous structure and support looking left.
Technicals: -Bollinger Support Levels. -Fibo Retracement Levels -Bat pattern -Gartley -RSI Oversold -Weekly is Bullish Trend (MACD) Fundamentals: -Australian 2-year government bond yields tumbled -The Aussie declined after Australia’s third quarter Capex data crossed the wires -RBA rate cut bets
Hey guys, So Since this is the last week of trading for me, Im going to shoot you a few patterns we have at market with great RR since we have passed D completion. Make sure that Price action has NOT violated X leg. If not, patterns are still valid. Im going to copy and paste this on all the patterns. Make sure to NOT trade this if it is not in your trading plan...
Bullish Gartley with entry @2.1014 better entry point at this time, but spread is terrible right now good luck
Continuing on last nights GBPUSD discussion we now have both a potential bullish Cypher and bullish gartley pattern setting up at our previous level of resistance turned support. Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com Make sure you head over to youtube (search "Akil Stokes") and check out my most recent Weekend Review...
Greetings Fellow Traders, Just wanted to provided another great trade opportunity on the verge of giving us a great entry. EURNZD has been consolidating for several weeks now...that consolidation has taken shape in a nice channel...in the middle of a steep decline. Structurally this has a Bearish Flag written all over it. Weekly Candle approaching the...
Greetings Fellow Traders This is nearly the same chart as the previous NZDUSD analysis I posted, I've removed some of the elements and added some with commentary on recent price action. Key resistance level has been broken, the chart speaks for itself if you have any questions regarding the price action/entry feel free to ask! Pending Buy Limit .6510 or...
Potential Bearish Cypher pattern on Gold Hourly completing at $1,102,47. The lower chart takes a look at the higher timeframe (240min) where previous structure support turned resistance rests along the same area as the potential Cypher pattern. No Live Room on Monday's but usually this would be the type of situation where we zoom down to the lower timeframes and...
AUDCAD is nearing a highly confluent zone of resistance. A bearish bat and a bearish crab are set to complete in a tight PRZ that may be contained by trendline and pitchfork resistance. A bearish Wolfe wave setup may also be completed in this area. To add to the bearish bias, two unhit daily pivots sit below price. RSI is overbought as well. Stop loss is...
Entering @ D leg completion (0.65121) with two targets based of fib and resistance/support. Stop loss well below previous support. Limit order is set, lets catch this plane!
A lot of potentials on the radar for tonight/tomorrow, one of which being a potential bullish Gartley pattern on the EURUSD. Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
Greetings Everyone, Looking at the price action and recent daily trade action for USDJPY it appears we may have a much stronger reason for a Short opportunity. Since mid-october USDJPY is on the verge of completing what appears to be a very steep ABCD Structure, the completion of this pattern lines up with the remaining S/R Channel that this pair was trading in...
Consolidation often breeds harmonic patterns & that's exactly what we're seeing here on the EURJPY hourly chart. Now we're still holding a partial position on yesterday's bullish bat pattern and if price action were to push up to our second targets that would give us the opportunity to put in an SAR and get involved in the bearish one that looks to be forming as...