I'm back with another 5-0 pattern but this time on the 4h timeframe with AUD/USD.
Price is currently completing the C point in between the 1.618 and 2.24 extension but it could push up further 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
I hope you all have a...
Hello traders, here we have another 5-0 pattern but this time on the 1h timeframe with BTC/USD.
The 5-0 pattern is complete but I'm expecting another drop to the D point before rallying to 1074, this is an excellent buying opportunity with over a 1:4 risk to reward.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24...
Hello traders, it appears GBP/AUD is now forming a bullish bat pattern on the 1h chart. This is an excellent opportunity with a potential 400+ pip return!
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
I'll be expecting price to stall out once it reaches the daily trendline...
Today we're taking a look at the future market direction of GBP/JPY on the daily chart.
Following up from my prediction 2 months ago which resulted in an 800 pip move (chart shown below), I'm now adding to my long term view on this currency pair.
I'm expecting price to continue the bullish trend and create a higher high in the market at 156.000 which will...
Hello traders, following up from my previous post on NZD/USD with a three drives pattern (shown below). I would like to highlight the price structure on the daily chart which further validates the move lower!
If you check out my updates on the idea above I have explained the best areas to jump in on this long term move.
We may encounter a bounce off the...
Hello traders, here we have another 5-0 pattern but this time on the 4h timeframe with XAG/USD.
Price is currently completing the C point at the minimum 1.618 extension but it could push up further 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
I hope you all have...
Hello traders, it appears EUR/CAD has formed a triple bottom on the 4h chart. This is an excellent opportunity with a potential 400+ pip return!
You can buy from the current position or wait for a close above the neckline around 1.42300.
I hope you all have a great weekend :)
Interesting setup on the daily chart for AUD/CHF with a potential breakout, price has been trading within this area since early 2015. We have just broken out of a rising wedge to the upside (as apposed to the downside) and we're now approaching a major level of resistance, the question is will we see a bounce or break?
I'll be looking for additional analysis to...
Hello traders, following up from my previous post on NZD/USD with a three drives pattern (shown below). I have now spotted a bullish shark and bearish 5-0 pattern on the 1h chart, this is an excellent opportunity to jump on this long term move!
I'm still holding my position from last week with my stop loss in profit, I plan to continue holding it until we...
During November 2016 the U.S Dollar broke out and closed above an extremely important resistance level and since then price has returned to that exact level, raising a lot of questions in terms of analysis going forward.
Straight away you can see price was been stuck in consolidation since the beginning of 2015. Testing support and resistance multiple times...
There are some amazing setups forming on the charts, here we have GBP/USD on the 1h chart with a potential bullish shark pattern. Excellent opportunity with over 1:2 risk to reward!
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
I'll be looking for extra confirmation once we approach the D point.
Hope everyone had a great weekend! Marks are about to open and I am PUMPED!
Just now, we are looking at the AUD/NZD on the 4h chart. I have targeted strong trendiness in the market along with TWO bat patterns!
The bullish bat has just finished completing at the end of last week.
Looking at the bigger picture, price points in the bullish bat compliment a much...
This one is looking HUGE!
Here, on the AUD/USD 1D charts we have a BEARISH 5-0 completing.
Throughout my studies of this certain pattern, price tends to bounce between the .50 & .618 range before reversing.
Now, we are just waiting for price to close below the .50 mark and then we will be ready to place our positions!
The measurements for a valid 5-0 pattern...
I hope everyone had a great weekend! The markets are looking as good as ever!
Today, to start off the week, we have NZD/JPY on the 1W chart. This is looking great for the long term!
In the up turn of the market, we have been hitting some resistance the past couple weeks. At this point, we are seeing the completion of a BULLISH 5-0 and a BULLISH DEEP CRAB...
Lots of opportunity on the charts to start off they year!
Here at Six Figure Capital, we are all taking advantage of all the opportunities!!!
Today, we are looking at AUD/USD on the 4h chart. Price seems to be trending down, and within the down trend a BEARISH 5-0 seems to have completed in the 0.7360 zone.
Throughout my studies of this pattern, it seems to be...
Lots of opportunity on the charts to start off they year!
Here at Six Figure Capital, we are all taking advantage of all the opportunities!!!
Today, we are looking at AUD/USD on the 4h chart. Price seems to be trending down, and within the down trend a bullish 5-0 seems to have completed in the 0.7360 zone.
Throughout my studies of this pattern, it seems to be...
WE GOT ANOTHER ONE!
Today, we have the NZD/USD -1.02% on the 1W chart. It looks like we have potential for ANOTHER bullish bat!
LOTS of confirmation on this analysis!
The pattern is forming within the ascending and descending channel .
For all you fundamentals out there, the U.S. will be raising rates 3 more times this year. That means price will be going...
Hello, everyone! Happy New Year!!!
Coming into the new year is looking good! So much potential in the markets!!!
Today, we have the NZD/USD on the 1D chart. Here in the months to come, it looks like we have a bullish bat pattern forming.
LOTS of confirmation on this analysis!
The pattern is hitting critical points on trend lines within the ascending and...
