Price is forming a consolidation just below the trend line resistance within a triangle wolfe wave formation with long term trend line support with hidden divergence on MACD. I am expecting a short term sell position followed with Buy positions to test previous high. FX:GER30
Stops & TP's are on the chart. Trade according to your plan.
I see a strong channel resistance with divergence confirmation on MACD. Short FX:AUDJPY with targets to the channel support.
I believe simpler patterns rock. But if you believe complex patterns say a lot, check the chart below on 15 min:
As you can see both my targets reached from my previous trade. I actually extended my target 2 to down to the bottom of the swing low and I pulled the whole profit.
Now I see a bat pattern still inside the trend lines with extreme divergence on 15 min, It is still according to my trade plan. Due to high volatility I move my stops to 1.5195 just below the psych...
I am a bit late on Publishing. But, this is my trade plan on FX:GBPUSD for this month (at least next 2 weeks).
You know already that I believe in Psych levels, but alone psych levels are not helpful but with divergence is high potential.
I have two major positions, I would like to take:
1. Cypher Pattern currently formed at Psych Level @ 1.55
2. Gartley Pattern...
A Bearish Three Drives pattern is forming in an expanding diagonal. I am expecting long between Psych level @0.7 and strong resistance level @ 0.7587. It is also being supported by nice Hidden Divergence on multiple indicators. After the three drives pattern & expanding diagonal is completed, you can expect a good down move in the next 1-2 months.
Very Interesting R/R. A nice gartley pattern inside a triangle.
Possible C Wave extension(127.1) to 1741.9. FX:SPX500
Stop Loss above 2117. I would close the trade if a breakout occurs above the top TL.
Have a look at my take on the long term outlook in the picture below.
Good Luck trading.
My trade plan says not to enter here as the pattern took very long time to complete.
But, I might still consider as it is ranging in a parallel channel. All previous harmonic patterns on this pair were very successful.
Keep an eye on the channel. Break out of the channel with a higher close invalidates the pattern.
Good luck trading it.
Cypher pattern with average RR>1.
I don't see any divergence.So, I will wait to enter. Nevertheless, a good opportunityFX:GBPCHF.
Stops well above the 1.51 level.
Long term cypher pattern waiting @ 1.53
Our last two ideas from this pair were successful and according to Trade Plan.
Now a nice gartley is forming on EURJPY. I would wait for a retest of the TL before buying in, you can go according to your time plan. Check my previous idea on this pair for more details.
Be careful, if there is a close below the bottom Longterm TL, close the position immediately. Also...
Sometimes it feels like everything goes well together. This for me is one of those instances.
What we have here is a nice Bullish BAT pattern within another Bullish BAT Pattern with nice trend line support for entry and trend line resistance for targets on AUDUSD.
RSI also going in a nice level. I would still see for nice divergence for a conservative...
Bat Pattern on AUDCHF.
Resistance from previous structure.
Looking for some kind of divergence to enter.
Aggressive Entry: Short
General Entry: Pending Short Limit.
Stop: Point X + 10/20 pips
Unfortunately we hit last stop loss but there was no close above the previous highest high.
So, there is a high probability to catch the trade again. Risk averse traders can join the trade by sell limit at the low of this week candle. FX:USDCAD
If Risk is too high for you .... wait for nice price action/ pattern formation in lower timeframes.
Reason for Trade...
Bearish divergence confirmations on MACD, AO, Stoch.
Ending Diagonal finishing 5th wave.
Good trade for traders with smaller risk appetite compared to my last idea on weekly time frame.
Check the forecast on the chart for more details about trade setups.
Stop loss - Above swing high
Entry- Market entry for high risk traders or Enter at breakout of previous swing...
Probabilistic End of an Impulse wave on USDCAD.
Divergence on weekly, Monthly, 4-hourly, hourly time frames.
Possible Trade setups:
Sell on Market Entry
TP: 1.31482, 1.30497, 1.28497, 1.25633, 1.20157
This is my first idea publishing in Trading view.
Weekly time Frame:
Rising wedge formation on EURUSD .
Correction wave completed.FX:EURUSD
Divergence on MACD + Confirmnation on stochastics.
4 Hour Time frame:
Bearish butterfly harmonic pattern completed
Bollinger Bands duplication completed.
Opposite Divergence channel Duplication completed