PA is still 40 pips away, but important news on the CAD side (10 am EST) might make it accelerate (on any direction, so be careful) Numbers look like: Entry: 1.51224 SL: 1.51500 TP1: 1.50428 (.386AD 2.89 RR) TP2: 1.49937 (.618AD 4.66 RR)
A little Butterfly (purple) has formed inside a larger Gartley (green) pattern... D Points are just pips apart, of course what it changes is the SL level depending on which one you want to trade. I've heard some analysts talking about a pullback to 1.1370 and then 1.1430 as the next target for the bullish move... Ds are just right there, so it does not hurt to...
If you are interested in the down under dollars... PA is about to enter the zone. You might catch it with a limit order or wait for it on its way up. Numbers look like: Entry: 1.06122 SL: 1.05892 TP1: 1.06446 TP2: 1.06646
It might be sooner to call it, be measurements are almost perfect. XA retracement is .616 and AB retracement is .626, both of them really close to the perfect 0.618. Last Friday bar closed very strong, so this is one to keep an eye on it. Numbers look like: Enter: 112.955 SL: 112.650 TP1: 113.368 (.382AD 1.4 RR) TP1: 113.624 (.618AD 2.25 RR)
PA was less than 10 pips from projected point D, retraced a little but last 2 bars are going up. Is a small one, but small things are the start of the great ones! My numbers look like: Entry: 0.73222 SL: 0.7345 TP1: 0.72624 (.386AD 2.64 RR) TP2: 0.72440 (.500AD 3.44 RR) TP3: 0.72255 (.618AD 4.26 RR) Bats are the best RR Patterns! Lets hope it completes and...
First three legs went smoothly... PA on leg CD its a little clunky... but the things is that we have very important news on both sides: a) JPY Unemployment Rate, (today 6:30 pm EST) b) CAD GDP (tomorrow 8:30 am EST). Forecast for this one does not look too good, so it might drive CAD down. Numbers look like: Entry: 84.892 SL: 84.600 TP1: 85.287 (.382CD 1.37...
PA punched the zone, retraced a little bit and it went up again. Numbers look like: Entry: 1.70472 SL: 1.70957 TP1: 1.69795 (.382 CD) TP2: 1.69374 (.618 CD) Order placed... Good Luck!
This little creature is forming on AUDCAD 4h. PA is +30 pips away from D, but last 4 candles suggest it might arrive promptly... I'll keep an eye on it. Numbers look like: Entry: 0.96482 SL: 0.96682 TP1: 0.96008 (.386AD 2.48RR) TP2: 0.95714 (.618AD 3.97RR)
B point is a little bit deeper than .786, but is not enough for a Deep Crab (.886). Moreover, projected D point @ 1.27226 (1.272XA) is just a couple of pips away from Nov 15th retrace @1.27232. Numbers look like: Entry: 1.27226 SL: 1.26967 TP1: 1.28010 TP2: 1.28494
This little Cypher is about to complete on the Leg AB of a bigger pattern I'm looking at. Numbers look like this: Entry: 0.89812 SL: 0.8945 (Conservative) TP1: 0.90268 (.382CD 1.28 RR) TP2: 0.90550 (.618CD 2.07 RR)
I'm going to try this little Cypher just before the US Housing news... Entry: 0.99079 SL: 0.98429 TP1: 0.99924 (.386CD) TP2: 1.00448 (.612CD)
Leg CD is half way completed. Leg AB took 28 bars, and CD is 23 bars in, so next few bars could complete the pattern. Let's see how big is the gap on Monday and its direction... Couple of news on the Euro zone on Monday and very important ones on the US side on Tuesday (Housing Stats) so PA might be violent around them. Numbers look like: Entry: 1.15350 SL:...
I'm sorry did not publish this one before... I missed it and I just caught it. The failed Gartley I published on 11/14, became this Butterfly. You can wait for a retest of point D @ 1.51042. I just took it with a Market order @1.5078 SL: 1.51268 TP1: 1.50122 (.386 AD) TP2: 1.49492 (.618 AD) I don't like to publish triggered patterns, but...
PRZ lies on a Support/Resistance zone that has be respected multiple times in the past. PA started the week with a little jump into the opposite direction, but its coming up as I type... Numbers look like this: Entry: 1.14408 SL: 1.1475 TP1: 1.13994 (.386AD 1.21 RR) TP2: 1.13738 (.618AD 1.96 RR) Good Luck!
Nice confluence of 3 Fibonacci levels: D point, 1.618AB=CD and 1.272AB extension are all less than 10 pips apart. AB took 14 bars, but looks like CD is going to be faster. Watch out very important news on the Euro zone on Wed 10 am EST... if pattern has not completed by that time, wait to see how PA react to the news. Numbers look like: Entry: 0.9004 SL: 0.91...
Rough jump from point C, to the PRZ. PA reached the D point and retraced, then went up to the zone and retraced again. Now is slowly coming up. I'll wait for it to close over D, observe how it behaves and try to catch it on its way down. Numbers look like: Entry: 1.5006 SL: 1.5056 (couple of pips over X) TP1: 1.49454 (.382 AD 1.24 RR) TP2: 1.49265 (.500 AD 1.62...
B retracement is almost perfect on this one (0.617) but BC leg is only 2 bars, so CD might complete really fast. Keep an eye on it. Projected numbers look like: Entry: 1.7012 SL: 1.6940 (couple of pips under X. Select any other level if you want to be aggressive.) TP1: 1.71045 (.382 AD 1.3 RR ) TP2: 1.71617 (.618 AD 2.08 RR) Good Luck!
Price rose steadily from 0.87250 but has dropped a little on the last 2 bars. Nonetheless, pattern is about to complete. Wait for it and analyse it behavior on PRZ... after D is defined recalculate your numbers. I'll try to get it on its way down. Numbers look like: Entry: 0.89180 SL: 0.8975 ( wait for the PA retracement) TP1: 0.87789 (.236AD 2.56 RR) TP2:...