Projected AB=CD Move:
C point at support/resistant level
0.618 retracment on the previous impulse (AB)
Completition at 0.382 retracment of a daily Bat Pattern
Its Time to Go For Some Good Pips ,this trade have an excellent risk reward ratio,the trend in w chart is bearish ,now in Daily its look like a symetrical triangle .
still a ways to go...but entry would be @ 160.46 just a heads up there's well over 100 pips of risk so make sure that fits into your trading plan
good luck
The symmetrical triangle pattern on D1 chart of XAU/USD offers an opportunity for a bullish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the low of the breakout bar (not shown on the chart).
More information, and an...
Pain free targets on our Kiwi trade from last night however we're now faced with an interesting dilemma as we inch closer to our bearish Cypher Formation completion point at 6793.
In last night's video we looked at a handful of potential opportunities, but took a closer look at NZDUSD. Not only did we have the bullish Gartley Formation, but when doing our...
Since last week's trading was pretty rough I'm ooking forward to the opportunities that present themselves this week. For you NBA fans out there this has got to be how the Golden State Warriors feel tonight after suffering the biggest upset in NBA history to the Lakers yesterday.
Her eon the USDJPY is a potential bullish Bat Formation completing at 112.42. i'm...
Bearish Bat on 1HR EURCAD .
I believe we are about to break structure to the left and continue up for D leg completion and then return to the downtrend to perhaps retest structure for the beginning on a move upwards.
