Still very premature but I wanted to share it anyway since we've been seeing these patterns alot lately within the wedge/triangle structure... The 2 previous bats worked fine : the first one (green in the chart) was a total success and I'm currently still in long from the 2nd one (blue in the chart) but with wide SL seeing as I'm hoping to break up out of the...
This pair plunged below the daily 100- and 200MA and has stayed below them for a good 6 weeks now which to me points to the end of the longterm uptrend seen on the weekly charts. We have been in consolidation ever since that significant selloff at the end of August. Whilst we could stay in this phase for quite a while longer I do think that we could be seeing a...
I'm trying to get into a short trade based on a bounce from a higher timeframe trendline which occured earlier. I'm hoping to see PA going down after a re-test of this trendline... I'm not willing to enter at market right now because of the bad R/R ratio.... Basing my entry on the trendline and possible C leg of a bat, SL is above the previous high, 2...
I have entered a trade at market with 3 targets as in the chart. It is very well possible that we might go further down but we might also see some profit taking and so PA might retrace up first to the top of the wedge before falling again... I have additional buy limit orders on the top and on the bottom of the S/R zone (blue rectangle below the current...
My previous idea on this pair identified several possible advanced patterns that could be developing. At the moment however we are caught in between 2 Fibonacci retracement levels of the big move down from 11 to 24 August. The advantage of this however is that we can now be almost sure that the X point of the possible bat pattern can best be taken from the August...
In search of a good entry to go long to complete a possible shark described in a previous idea. In that idea I described the smallest pattern as a bat but that should have been a shark.() This may be a long shot but I'm willing to take it with small lot size and thus minimal exposure . I have defined 2 possible entries at previous structure levels. The highest...
My previous idea on this pair to go long off of a bounce from the support zone worket out great, most of my targets were met, I closed the rest because of this idea here! I'm already short again now with a small position from 1.5056 because I had signs of PA reversing before full completion of the shark (SL at 1.5120). I am now looking to add shorts based on the...
Open trades are on the chart, I was aiming for a reversal at the trendline and minor support level, back to resume the down-trend. Not so sure anymore now since I get signs of a possible up-trend start... However, I was also in doubt about my short yesterday and it did turn out fine (but it reversed violently again...) Hoping I'll be lucky again... (mixed...
I am bearish on this pair based on the weekly chart from an important 50% fib level. This bearish bat on the 4H chart on the right is in line with my bearish bias and since it completes at a possible resistance zone I think this might be a good oppourtunity. I am taking 3 targets based on fib levels and the fact that this pair could be trading in a range between...
See the pink bat drawn in the chart. In the background one can notice that there could be several other patterns (blue and orange, see my other idea's) in play on larger timeframes (cypher and/or shark patterns). Because of the fact that I think this pair will be going down for a while now (also see my previous idea's) this bat setup could be seen as counter-trend...
Min. and max. butterfly drawn on chart. Entry at completion of the min. butterfly with SL above the max. butterfly completion. Because completion of the butterfly will mean a break of that resistance zone, possible turning support then, we might see limited downside. Therefof I have my first target on top of that S/R zone, the 2 additional targets are at the...
THIS WAS PUBLISHED EARLIER BUT IT SEEMS THE LOCK WAS STILL ON FROM A PREVIOUS PRIVATE IDEA... See private idea here: This idea is based on the smaller (pink) bat drawn in the chart. This bat is close to completion. 2 trades are on the chart, some people might consider a tighter SL but I prefer to give it a little more room (at least above the 1.1300...
I've posted many idea's on this pair today, so if you want to get a complete pipcture please be sure to check all of them. This one is a possible bullish Gartley that completes if the triangle gets broken to the downside. B is a bit above the normal 61.8% of XA but still rather close imo. A breakout will often be followed by some consolidation or a re-test of the...
HIGHER RISK INVOLVED WITH THIS ONE! Possible trade setup based on (a) possible bullish shark(s). I came across this one in my search to get in at a decent level for a short trade on this pair. The min. shark would end at a possible B of a bullish butterfly but there is always the possibility that we will get to completion of a max. shark, therefor, when...
See my previous idea, we might be forming a max. shark... 3 trades on chart based on this pattern.
There's alot going on here so I'm considering two possible short setups (already short this pair). 2 Scenario's: 1. Breakout of the possible bearish flag (in blue) down to the lower trendline 2. Short on completion of the possible bearish bat around that higher timeframe "down" trendline. I'm already short with a small remaining position from another setup on...
We broke the (blue) trendline, so we might see a re-test and/or some consolidation before we possibly go further up. If we do then this possible bat pattern is on my radar. We are still to surpass B so it is still young, but worth mentioning imo. 2 trades on the chart based on a possible bat completion, SL above X and the round 0.6700 level, I would prefer to...
It's all in the chart, just to keep these on my radar... Will post detailed idea's based on these patterns on smaller timeframe charts later! First possibility could be a long position based on the smallest pattern but I'm not sure yet if I've drawn it correctly! Switching to the hourly now to confirm...