Here's a video of the breakdown we performed on the EURUSD in this morning's Live Trading Room www.youtube.com If you're interested in trading with me Live, check out our FREE 1 week trial. See you in the room! tradeempowered.com Akil Stokes Chief Currency Analyst www.TradeEmpowered.com
Read text written in the chart.
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Hello traders. FX:GBPAUD is ranging between the channel and making harmonic moves as we see on the chart. the best opportunity to get involved in is to wait until the price finishes ABCD pattern @2.1260 at the channel support level and then go long. Besides this ABCD pattern is in 3 drives pattern. If you look left we have a very nice structure at this level....
Here on FX:EURJPY we have a very nice harmonic moves inside the channel. This is so called 3-drives pattern and we have a very nice trade setup to go short. The structure and harmonic moves gives us the clear opportunity to sell. Our target is the next support level @ 134.72 with the confluence of fibs 50.0, and stops go above previous lower high. Note, that we...
We have the perfect harmonic moves on FX:EURGBP Price is moving between the channel and making harmonic moves, which means we are in a 3-drives pattern market. As we see we have the perfect fibs 61.8 and 1.272 confluences at the edges of channel and it is the best time so sell. The first target is the next support, where price might consolidate. The second...
Hello Traders, I am back from my vacation and happy to come back here. So here on FX_IDC:EURUSD we have a potential 3 drives pattern with perfect fibs ratios. The pattern should finish @1.1110 around the daily S1. Besides, if we look left we see nice structure support zone right at the buying area. Regarding the targets we have 2 potential target zones, and...
Australian Producer Price Index numbers, released within the hour, could drive the pair upward into the completion of this 3 drives pattern which would produce a nice short opportunity.
If you zoom out on this chart you will notice that the market has rallied out of a bat pattern and returned to previous structure. You will also notice i have highlighted a potential reversal zone in blue, and from which we can assume that the market, as usual, will respect structure, and return to structure lows. Here i have two patterns suggesting a reversal in...
A successive cycle imitating the 3 drives pattern is in formation on the EUR/GBP 4 hour timeframe. Stochastic divergence, usually leading to a deeper pull back in a trend, has given the following confluence for the resumption of an in trend phase to the downside with price pulling back into: resistance at 0.7290; 50 and 20 ema; 0.618 Fibonacci level (very...
#USDJPY Long Trade (Structure, 50SMA, Harmonics) @TradeYodha (TradeYodha.com) 1. 50 SMA in zone 2. Structure now support 3. harmonics 4. possible 3 drives pattern I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
A couple of observations: 1 The 1.618 extension with a prior 6.18 retracement seems to have slowed down the pair from moving higher. 2 A daily AB=CD pattern / 3 drives pattern have completed. 3 The pair recently broke out of ascending triangle on the 4H chart. 4 The Bollinger band shows extreme price movements on the 4H chart. Looking for an entry setup with at...
#MA #MASTERCARD possible short idea (Cypher Pattern) must wait for confirmation like double top be mindful of wedge pattern possible 3drives pattern too Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
#BABA #ALIBABA Possible Long Idea Harminics 3 Drive Pattern Re-Test of previous structure RSI Bullish divergence and oversold Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
Targets 0.382 and 0.618 of CD, stop loss under 1.0523 ! This is a countertrend trade, make sure it fits your trading plan.
NO longer a valid pattern!!!! It all comes together. I see a 3 drive to a bottom lining up for nice Wolfe wave run and a 5th Elliott wave down ending a little tiny bit lower into the middle of the trend channel. I'm bullish the cross. Safe trading ladies and gents! @BLawrenceM
In between rooting for the Royals to win game 7 of the World Series, I've been trying to catch up on my evening analysis. As we know it's been an active day in the markets, with the FED announcing a halt to it's bond-buying efforts and some pretty explosive moves in the market this afternoon. What I'm looking at on the USDJPY is a potential 3 Drives pattern that...
A beaten stock with a proven drug and some financial challenges, but a lot of potential Looks like a possible IHS ...but in the very very early stages...!! Positive divergens on MACD Time will tell as always Safe trading here ... nothing is proven or confirmed yet highly speculative!! @BLawrenceM Please leave a comment if in the mode ;) I'm more active on...