Hello traders, here is a nice long term opportunity on the 4h chart with USD/TRY.
With price making its way down, the completion of a bullish gartley pattern will create an excellent opportunity to enter a position with a 1:2 risk to reward.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
Following up from my prediction over 2 months ago (chart shown below), I'm almost ready to sell AUD/JPY.
Since predicting the bearish bat pattern price has reached 88.176, 50 pips off the potential reversal zone.
I'm expecting one last push up to 88.600 to complete the pattern before going short!
Please feel free to leave your opinion below.
Following up from my previous post when the U.S Dollar returned back into a very important ascending channel (chart is shown below). Price has now bounced off the trendline and returned back to its original support level.
As shown price has now formed a valid head and shoulders pattern and the neckline forms on a crucial level of daily of support!
If you have...
Wow this is huge! Today we have USD/JPY on the 1h chart with a perfect bearish 5-0 pattern, I'm absolutely loving the look of this setup already!
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
I consider this pattern to be perfect as both B and C points come in a 1.618.
I'll be trading this pattern in a...
Here we have another 5-0 pattern but this time on the 4h timeframe with USOIL.
Price is currently completing the C point at the minimum 1.618 but it could drop further to 2.24 before making a move towards the PRZ.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
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Following up from my prediction over 2 months ago with XAU/USD which resulted in a move from $1249 to $1198 (chart shown below), I'm now looking to get back in to continue the move lower.
Price has hit in between the 50% and 61.8% retracement, exactly where the D point of the bearish bat pattern has formed.
The measurements for a valid bat pattern are detailed...
I'm back with another 5-0 pattern but this time on the 1h timeframe with EUR/AUD.
This pattern has fully complete and I'll be ready to enter this week coming, the 50% retracement is a solid support level providing us with an excellent entry point.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
I hope you...
Hello, Traders!
Today we are looking at TWO COMPLIMENTARY PATTERNS!
We have a bearish shark and a bullish 5-0 pattern on 4h chart with the USD/TRY.
I literally just found these two patterns and that compliment the price direction of the market on my previous analysis referenced below. vvv
Again, these patterns are not only running complimentary to each...
Hello, Traders!
Today we are looking at TWO COMPLIMENTARY PATTERNS!
We have a bearish shark and a bullish 5-0 pattern on 4h chart with the GPB/USD.
With the completion of the shark pattern, we can expect price to reverse down the 1.2260 level
That will then complete the 5-0 pattern and we can expect another reversal.
With the projected strength of the dollar...
There are some amazing setups forming on the charts, here we have EUR/USD on the 4h chart with an inverted head and shoulders pattern.
The right shoulder formed at the 0.618 retracement which is excellent as the pattern as a whole generally holds a better structure in this situation.
The neckline is bang on a key resistance level, closing above this would...
What's up everyone, here we have AUD/CHF on the daily chart with a very distinct ascending channel.
Price has been trading within this area since May/June 2016 testing both support and resistance various times, with no sign of a clear breakout.
I'm expecting this channel to break down in the near future.
Keep an eye on this price structure for going long or...
We're looking at another cypher pattern but this time on the 1h chart with USD/CHF, this is an excellent long opportunity with 1:2 risk to reward... Don't miss out on this one!
The D point forms at a major level of daily support, I'm expecting price to stall out on this level.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 -...
Interesting setup on the daily chart for USOIL with a potential breakout, we have just broken out of an ascending triangle (chart shown below) and price has now hit the 0.618 retracement level right on the trendline.
I'm expecting a pullback before price breaks this level and continues the move lower.
Please feel free to leave your opinion below.
Here we have a bullish 5-0 on the 4H chart with the AUD/USD.
After the big jump to C point, we can look to watch price retrace from the resistance zone and make its way down to D point.
For even further confirmation, we are seeing the Golden Ratio 1.618 appear twice at B and C point.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618...
Today, we are looking at a bullish bat pattern on the 4H chart with the AUD/USD.
After the interest rate increase from the FOMC, price has reached C point.
With price getting close to the strong resistance zone, we can expect a reversal back down towards D point.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D:...
We're looking at another cypher pattern but this time on the 4h chart with XAU/USD, this is an excellent long opportunity with 1:2 risk to reward... Don't miss out on this one!
The D point forms at a major level of support, I'm expecting price to stall out on this level... This could be a pullback before continuing the bigger picture.
The measurements for a...
Hello traders, it appears EUR/JPY is also forming a 5-0 pattern on the 4h chart. This is an excellent opportunity with a potential 250+ pip return!
Price is currently completing the C leg with the minimum 1.618 level shown but it could push up further to complete at 2.24 before making a move towards the PRZ.
The measurements for a valid 5-0 pattern are detailed...
I'm back with another 5-0 pattern but this time on the 4h timeframe with CHF/JPY.
Price is currently completing the C leg with the minimum 1.618 level shown but it could push up further to complete at 2.24 before making a move towards the PRZ.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Feel free to...
