GcNaif

GcNaif

long based on completion of bullish abcd and bullish gartley and nicely supported by weekly support around 1.506x. Targets are in Green lines.

GcNaif

gold looks very bearish , it is trying to break the previously broken trendline(blash dash line) ,if that gets broken then i m expecting price to reach my target of 117x Update :feb 19 2015 ::- see chart below

GcNaif

a.) Completed Bullish Gartley c.) Bearish Cypher (if support 1.506x holds then we can catch the pips on CD leg) Alternate Scenario: a.) Potential Bullish ABCD in blue color ( this is possible if it breaks the strong weekly support around 1.506x) Note: all pink lines are based on Weekly.

GcNaif

I will be taking risk to take this buy trade based on( i know i am going against trend) : a) break of upper black trendline and close above trendline b) Completed BAT pattern c) Potential Bearish Gartley Pattern d) i love catching CD leg pips. Will close if the price close below the broken trendline/green dashed line

GcNaif

i will be shorting this if the price closes below the immediate black lower trendline, to get at-least 100-150pips . my SL for this trade will be few pips above C . i could be wrong .

GcNaif

short term short to catch some pips of this ABCd. Update 12 feb 2015 : close to second target 61.8 and trendline Update 15th Feb 2015: target achieved

GcNaif

Price is again back to the possible reversal zone/resistance area. I am waiting for the opportunity to short this with a stop loss around 1.97.

GcNaif

i will be shorting this pair if the price goes below 92.15 which is the current support based on prev structure. Target at least 61.8 retracement . I will be risking 35 pips to target 140+ pips. Reasons: a) Confluence of ratios at the completion of Gartley . b) expected break of support at 92.15

GcNaif

I usually don't trade this pair but currently i am seeing 3 harmonic patterns and good trading opportunities a) Completed Bearish Butterfly ( target green rectangle area) b). Potential Bearish ABCD ( green rectangle is the reversal zone to catch CD leg) c). Potential Bearish Bat Pattern This short is to trade the completed bearish butterfly and catch the pips...

GcNaif

i will be watching the PA near the green rectangle area to trade this ABCD. The trade is based on the a. previous structure, b. there is a very good support around 1224 to support this trade. c. good channel If the support 1224 holds then this will be the begining of long

GcNaif

just waiting for this trendline to broken to short and catch some quick pips on the CD leg of potential Bullish ABCD. For 60 pips i will be targeting 200+ pips . TP1 first green dashed line Tp2 second green dashed line good risk reward ratio Update: 6feb Target 1 Achieved

GcNaif

Shorting to catch the CD leg of potential bullish ABCD pattern and also based on the recently completed Cypher pattern. Supports are in dashed lines. This will be a step by step trades, lots of supports to cross.

GcNaif

this looks like a good short position for at least 250-500+ pips, the price rejected right from the PRZ and the confirmation of yesterdays indecision candle and day b4 short candle. i will close the trade if the Price goes above the closing price of 1st feb candle

GcNaif

i will be trying this short based on the completion of the Cypher pattern and confluence of fib ratios of XA and CD legs , my stoploss will be few pips above the black trendline and take profits are in green dash lines

GcNaif

long based on the completion of Bullish Bat and potential Bearish Butterfly. Butterfly has good confluence of fib ratios at the D. Usually on such confluence the price reverse exactly at the completion of pattern. Update: 2/2/15: Not valid any more . it gave profit only upto 38fib ratio

GcNaif

i will be trading this BAT pattern to get to atleast 178 which is the 61.8% of AD leg of this bat.

GcNaif

my previous crab pattern failed on yesterday's RBNZ rate release. found the Cypher pattern. based on this pattern i will be shorting this pair with the SL just above the yesterday's high 2.0825 for the targets in two dotted lines

GcNaif

good place to go short and trade with this crab pattern which was just completed