Good evening traders,
Euro is on trend, but it has to take a breath, there is divergence on 4h RSI and strong resistance above the pattern completion.
Maybe is good time to position our shorts and wait the JPY news later this night for quick profits.
I will buy every pullback I find in gold FX_IDC:XAUUSD and fullfills my critiria, until it will reach the previous old time highs.
I thing is inevitable for gold to go there.
Trade with care.
A clear plan for GBPUSD,trend is bearish and we are looking a new opportunity to sell. There is a Cypher pattern formating in an important level. Lets hope a clear impulse leg to that price.
I uploaded the idea earlier with the GBPJPY chart, so here is the correct one.
Yesterday our Gartley pattern didi it more than great on GBPJPY . See related idea.
We have a similar trading setup today on EURUSD . Althouth we have to be carrefoul!
If the pattern complete its formation that means that the price has broke above 1.095 which is our...
Yesterday our Gartley pattern didi it more than great on GBPJPY. See related idea.
We have a similar trading setup today on EURUSD. Althouth we have to be carrefoul!
If the pattern complete its formation that means that the price has broke above 1.095 which is our resistance.
So we have to keep an eye in lower timeframes to support better our idea....
Hello traders, we have a bearish opportunity in GBPJPY with the formation of the Gartley pattern that concur with the 61,8% fib retracement of the last impulse leg.
Stop losses 5-10 pips above X.
Targets 38,2%, 61,8% retrcement of AD and 61,8% pullback af the ascending Wedge.
Hello traders, it has been a while.
Here is a harmonic pattern trading setup capable of initiate the reversion in the OIL market.
If the price manage to descent in the 21$/barrel territory accompanied with the right price action we will have a chance to go long.
Of course news are playing a key role in the Oil market and maybe a dicline to that price to be...
A butterfly pattern has formed with entry point the same as the Fibonacci Inversion trading setup. Market overextended itself against the trend and reached a strong sellers area. We are waiting for the rejection. Sell now!!
There is RSI Divergence in lower timeframes. Stop Loss and Targets as in chart.
Fibonacci inversion trading setup with 2:1 reward/risk.
If market retest D point short the market. There is also absolute confluence between the 1.618% projection of AB and the 61.8% retracement of the impulse leg.
2618 Strategy Trading Setup
1) Double Top
2) Break of structure (neckline) to the downside
3) 61.8% retracement of AB leg
4) SELL order at C point
5-10 pips above DT
1) next structure level, probably where B is pointed
2) 1.272% extension of AB leg