We ended the month of August with an interesting trading idea on the GBPJPY. On one hand I was predicting a longer-term bullish move after reaching previous structure lows. However, on the other hand, we had an advanced pattern formation that was calling for a short-term short. This left a few of the traders that I work with confused and made for a great session...
I believe that EURGBP will do long. Ratio 1:1
In General BCH is still in correction Now going to 710-750 before correction
It seems as like all other AltCoins, NEO (Previously Antshares) is on the same path/pattern, where the initial high was reached and a bearish trend and pattern is forming, before a Bullish breakout. My Elliott wave count suggests corrective moves in Bearish trend are still in progress to complete the formation of a Wave C pattern. Once corrective moves have...
waiting for pullback to buy. buy on the right shoulder in Inverted head and shoulders pattern will be a good strategy to buy.
Price break the uptrend channel. and looks chase the support level. will put a short position in any pullback.
Watch the bottom of that triangle formation for the upside move.
look for best entry for this pair. After break the trendline, price pullback. will use butterfly and previous structure as a resistance to get the best price.
PA RECENTLY BROKE AND CLOSED BELOW THE LAST STRUCTURE LOW AND IS FORMING A COMPLEX PULLBACK, AND COMPLEX PULLBACKS HAVE BEEN KNOWN TO CREATE POTENTIAL ADVANCED PATTERN FORMATIONS. LOOKING FOR PA TO TEST THE 88.6 RETRACEMENT AND REVERSE. AND POTENTIALLY RETEST STRUCTURE LOW. PLAN YOUR TRADE, TRADE YOUR PLAN. GOOD LUCK TRADERS.
If price ever pullback to 61.8 level. it will be a good 2618 trade.
This Pair once again create a bat pattern. pattern has complete, but i expect little more downside. i'll just keep watching first
when 61.8 level meet the structure sometimes become a strong support/resistance. in the previous upward movement 61.8 and structure resistance broken. will in this downside move 61.8 level and structure break ???
buy setup on chart. waiting gartley complete
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It seems SNAP INC has now completed its possible Descending Wedge pattern and has now initiated its Upward (Bullish) Impulse wave 1 on the Intermediate Time Period. After most of the year on a downward (Bearish) trend, Snap has finally broken the structure (confirmed on the 4Hourly Chart) and I am waiting for a complete breakout of structure on the DAILY chart as...
A long breakout just occurred on the AUDNZD. Remember to always follow your strategy!