Potential reverse expected at the decision zone due to the following :- 1- completion of Cypher pattern 2-completion of Three drives pattern (At lower time frame ) 3-0.618 , 0.50 Fib retracement for AB , CB legs 4- valid structure level 5-RSI overbought with regular divergence
Reasons for entry : - Bullish Gartley completion - previous structure/support - potential 3-drives harmonic move - fibonacci cluster around week open - Higher High, Higher Low indicating an uptrend on this time frame - excellent RR > 6:1 The week on AUDUSD opened with a gap which is not visible on the TradingView charts. We already put in an AB=CD move which...
Contracting triangle broken and now the price is following pattern projection (green) on D1 chart (see link below) On H4 chart, a new channel has formed and a bullish 3D pattern emerges. Bear divergence is present, so it coul be a good idea to trade: 1) Short, targeting 61.8 - 78.6 fibo retracements and after that, 2) Long, targeting 127.2 - 161.8 fibo...
Three drives pattern completion at previous structure level.
USDJPY has completed a possible ending diagonal at the PRZ of a bearish crab pattern. Ending diagonal target is confluent with the unhit daily pivot. Entry is placed at 1.618XA with SL above 1.786XA and target at Wolfe Wave target line and beginning of ending diagonal. Target also confluent with unhit daily pivot for 1/22/16.
Really nice setup here. We are curretly retesting strong prior resistance/support further we are in an downtrend or at least downward corrective move. daily chart is really messed up so hard to tell. at least recently we are moved alot more to the downside. due to a good harmonic move id like to see a three dive pattern here with a great RRR if it plays out....
Two high probability patterns complete at the same zone. Good trading!
THIS IS MY FIRST ENTRY go EASY... hahahaha TREND CONTINUATION GBPJPY Is overall bearish At 172.490 will complete a AB=CD pattern in order for me to sell this Market NOTE I won't enter this Market if it doesn't meet my Risk Reward Profile. Happy trading!!!
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Read texts written in the chart !
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this was a potential opportunity that I had on my radar yesterday, unfortunately the markets decided to do absolutely nothing but go sideways creating a channel. If we breakout of this channel to the upside I'll be looking at a third harmonic move setting up a potential selling opportunity as we come into previous structure resistance starting at the 187.40's...
Getting our plans ready for next week! This one won't need confirmation just for the bat itself, let's see if we get filled. BOOM!
The same trade as before, the same pair, the same rules! Waiting for a reversal pattern in this timeframe or in a lower one to enter in a good R/R. But how there isn't a major structure and no reason to the downtrend to end, i'm not going to be to greedy with my targets, one at the .382 to secure some profits and the other one at .618. GOOD TRADING!
Bat pattern Setup!! Hello guys Errol here, We are looking at a possible bearish bat pattern here. We might also see a 3 Drives pattern if we get a completion at the top of the third leg which also lines up with previous structure. We aslo have some Ratio congfluence at the D leg completion where we are looking to get short. Very nice risk to reward situation...
$AUDUSD failed to rally from the buy zone I mentioned in my previous analysis and decline below 0.715 till it met the uptrend line created by previous lows. Two bullish scenarios I'm monitoring towards next week (notice RBA rate decision): 1. A close above the 50 SMA line - The price will remain above the uptrend line and will turn the 50 days MA to support 2....