Monthly - Bullish engulfing off monthly support. weekly -pinbar/reversal candle. showing exhaustion Daily - broke 8ema shooting star formation off support. 4HR -bounced off 50% fib level. awaiting price to break and close over CTL 1st target on break of this CTL 0.76200 2nd target 0.7700
the GBPJPY has a pending Cypher which could bet filled during the London session. I am on a wait and see mode at this point. Good Trading Guys
We placed NZDUSD on our radar during yesterday's Live Room session and have been tracking it ever since. I apologize in advance, but the analysis that I did on this pair is somewhat advanced so I'm not going to attempt to duplicate what I shared with you in last night's Syndicate video. Honestly speaking it's a lot clearer on the 13 period range bar charts (as...
- Nice risk/reward ratio - .618 fib retracement - previous support
- Previous support, now possibly resistance. - Long reversal candle, (Doji) - Retrace off the 0.764 fib level Rules - Will wait for confirmation. I will wait for the next candle to close, it must close as a bearish candle. - Maintain a risk/reward ratio of at least 2:1 - Only risk a maximum of 1% of my account
Hey gang! A we've been waiting for some bigger moves on this pair for a while now but have seen nothing but sideways action. Fortunately for pattern traders sideways action isn't always a bad thing as consolidation breeds pattern opportunities. The pattern we have on this pair is going to be a bullish Gartley pattern completing down at the 1.9328s level. Minimum...
- Strong previous support level - Retraced off a key fib level (0.764) - Decent risk/reward ratio of above 2:1 - Showing signs of reversal due to bullish candle with a long wick. - Will wait for price to break the next fib level (0.618) for confirmation that price will continue north. - Will bring stop loss to break even when price reaches at least 90% of target...
textbook setup. Price has failed to break the 1.10 psychological barrier several times so this could be a nice level to go short with a nice 1:3 risk to reward. if price does manage to break out of this barrier then next resistance to look to get short is at 1.11294 which is also in confluence with the 61.8 fib level.
The downtrend seems to have lost steam at the $235 level with the market failing to make new lows and currently in oversold condition. We can see a nice double bottom beginning to form on a higher time frame. This will be the make or break point for bitcoin's long-term trend decision. If we get rejected at the long-term dowtrend again, then it would appear that...
Here is my take on how to trade BAC's ascending triangle. If I were to take a position at the current price of about 15.68 and set a stop between 14.92 (on the tight sight) and 14.72 (on the looser end) I would be risking anywhere from .70 to .90. Say I take a stop at .80, well my target is actually below the previous high ranging from 17.5- 18.0, making my...
This is one of my favorite trades. A clear pennant forming which will be looking to break around 2/3's the way through the triangle(that's my general rule of thumb, the more it trades into the apex the less decisive and powerful the break). Easy to read upside, a nice tight stop, with a good risk-reward. In addition the stock is relatively small and nimble, and...
harmonic bullish cypher has completed at 161 extension level from previous swing. this same level is also a previous major support and resistance level on at least 5 timeframes. price has rejected this level nicely and i am now looking to ride the geometrical 61.8 retracement of A-D. target 1 is 50% and 2 is 61.8% risk reward is 4
We've put in a nice double bottom on the hourly chart with a clean break of the neckline and a retest of the low on lower volume. There has been a lot of selling over the last week, and there may be more to come, but this is a relatively safe entry for an interim bottom. I've outlined a few levels of resistance on the chart. It may take a little while to get...
Looks like EURAUD is giving multiple signals to sell. RSI is now in the overbought zone. But which pattern to take? Bearish Gartley(Blue) Entry - 1.45153 Stop - 1.46240 Target 1 - 1.43379 Target 2 - 1.42283 Bearish Gartley(Purple) Entry - 1.43251 Stop - 1.43400 Target 1 - 1.41859 Target 2 - 1.40999 Bearish Cypher(Orange) Entry -...
Double Bullish divergence gives us nice long opportunity. With KDJ bottoming out and J curling up we can get a nice entry with minimal risk/reward of 4 This is also a huge bullish order block zone, use that as you will. I've provided multiple targets, the higher you go the less likely they are to hit, either exit or shrink position on each target to minimize risk!
Nothing fancy here, just a good old fashion Gartley pattern. I'm actually not too big of a fan of the Gartley. My philosophy as a trader is built around risk/reward profiles so if I had to pick an Advanced Pattern to be my favorite I'd have to go with the Bat. However, because we have such a deep B leg retracement in this particular case our D leg is going to...
Buy at 1157-1160. Stop Loss= 1143. Take Profit= 1205. Risk:Reward= 1:3. Close your eyes and put a Pending Buy Limit at 1160 !!! Happy Profiting ;)