Simple short trade on the AUDNZD here, price has been making lower highs and lower lows on the 4H timeframe. Decide to place 2 limit orders on the 0.618 and 0.786 RETRACEMENT OF XA. Identified possible areas of reversal as my profit targets. Shooting for extended targets.
Lower highs on the 1 Week Chart, shorting 2 half positions at 0.618 and 0.786!
AUDJPY on a DOWNTREND here, identified 3 possible SHORT ENTRIES Advanced Pattern A possible BEARISH BAT PATTERN. ENTRY @89.26 (Purple line) ABCD Pattern Using XA as the impulse leg, i identified ENTRY ZONE 1, between the 71.8 and 61.8 RETRACEMENT OF XA. However, i do not feel that this entry zone will be hit, given that it has already been tested 4 times....
Looking at EURGBP, price has been a down trend since April this year. Price has retraced to touch the 0.618 RETRACEMENT OF XA. The 0.618 - 0.718 RETRACEMENT ZONE also confluences with a major structure level, the previous high! Looking deeper, we see that the retracement is also a 1234 SETUP, confluence with RSI DIVERGENCE and a DOJI, whose upper wick extends...
Found what I thought would be a simple shorting into a downtrend when price retraced to the 61.8 RETRACEMENT of the impulse leg XA Further inspection of the RETRACEMENT LEG ABCD revealed a 1234 movement, which terminates at the 1.272 EXTENSION OF AB . This level has further confluence with structure on the left and with the 61.8 RETRACEMENT OF XA. This will be...
Simple Cypher pattern in unconsolidated price movement
A simple BULLISH BAT PATTERN forming on the AUDCAD LONG ENTRY @0.92608 TAKE PROFIT @1.01670 RR Ratio= 4.74 TARGET 2 @0.98566 RR Ratio= 3.15 TARGET 1 @0.96166 RR Ratio= 1.86 STOP LOSS @0.90661
Bat pattern just completed (Not drawn in) Pair moving to support level dating back to late OCTOBER 2015. Simple buying at a support level. Profit targets at 0.618 RETRACEMENT OF XA. Will probably wait for a reversal signal like a higher high higher low or a double bottom on the 4H time frame before entering
Placed 2 orders to enter half orders at the 61.8 and 78.6 retracement of XA. Downtrend clearly visible on the 1D and 4H charts
A bearish gartley pattern has just completed on the CADAUD (1D and 4H). Purple line represents the 127.2 EXTENSION OF ABA and orange line represents the 78.6 RETRACEMENT OF XA. Shorted a full position
Simple ABCD pattern on the NZDCAD. 2 entry points on the 61.8 and 78.6 retracement
Target 1.32, channel support. All evidence points to a huge dollar tank ahead. Gold: EURUSD:
The 127.2 extension of the ABA leg is rather far from the 78.6 retracement of the XA leg. Decided to short 2 half positions at those points. Any thoughts on this method? Have seen variations for the ROE of a Gartley, some requiring confluence while others do not!
This level held pretty well in a triangle since I last posted about SGDRMY, it does look like we are about to see a much higher SGDRMY rates at a projected range of 3.25 - 3.29 .
To recap the movement for EURNZD last week, the pair traded lowerafter a bearish pinbar on the weekly chart from the previous week as the EUR remains pretty much weaker, after the Fed raised rates and economic figures from Europe came in mixed. Monday and Tuesday saw the EUR/NZD trade lower, after which traded pretty much sideways as commodity currencies took a...
With the next fed policy coming along, it seems as if the Dollar will gain momentum once again particularly with this pair as investors may find the USD attractive after the next meetings announcements. The Histogram shows bulls rebuilding strength is it breaks out of the R/Trend very soon. As for the chart, a HS Pattern upon completion with the daily trend AND...