this is a followup to yesterdays idea which didnt work(link below). now the marketdirection has shifted and im looking for shorts. anything else should be self explanatory.
there are 3 potential bearish advanced patterns forming here.
the largest is the Bear Bat entry @
9883
Bear Gartley entry @ .9860
and then a smaller bear bat inside the gartley with entry @ .9839
be careful today, its a heavy news day.....
Good luck!!!!
potential bear cypher with entry @1.8806
I'm not an expert in any way, but looks like a head and shoulders possibly setting up also. if you trade head and shoulders would love to hear from you, to see if this would be one.
good luck
any comments, likes, etc. are welcomed
Following up on the video that I shared with you guys last week, making a few predictions on the GBPJPY. We are now approaching a retest of the "B" leg for this potential Advanced Gartley Formation. (By the way well done 2618 traders!)
If you remember I was looking for a trend continuation opportunity & this advanced pattern formation would be a perfect entry...
I just recorded a video walking through the process of how I make predictions in the markets and try to stay one step ahead of them. In the video you'll see ideas for both counter trend, trend continuation & advanced pattern formation traders.
*While you on my Youtube Chanel, I'd appreciate it if you hit the like button, shared the video with a fellow trader...
Depending on your trading style you can look at consolidation in one of two ways. 1) choppy boring & full of false signals or 2) choppy, boring & full of potential opportunities.
For traders of these advanced pattern formations, it's usually the later and on the EURUSD, we have 3 of those advanced formations potentially setting up.
I'll be keeping the 2 bigger...
I typicially don't trade on Non-Farm Friday's, but we've seen a number of valid opportunities arise after the release in our live room and well...if it meets the rules of the plan, we've got to take the trades.
Also my apologies for not putting out a video yesterday, I had a meeting that went long, but I'll be sure to get one out today!
Akil Stokes
Chief...
I typically don't pay much attention to the market open on Sunday's but there were a few opportunities that I had on the radar from Friday which are offering a better price point for entry.
One of those opportunities is right her eon the EURJPY Hourly time frame where we had an Advanced Gartley Formation complete late Friday. Currently price is below the initial...
AB=CD PATTERN, SEEMS A GOOD OPPORTUNITY TO BUY, THE STOP LOSS IS SO TIGHT, IF THIS TRADE DOESNT WORK, LOOK FOR ANOTHER OPPORTUNITY IN 1.618 FIB EXTENSION, BASE THE TRADE IN PRICE ACTION, CONFIRMATION CANDLES AND RSI
GOOD LUCK
LET ME KNOW WHAT YOU THINK :)
