Long from 1.4775 Fib confluence to the PIP with 618 retracement and fib inversion 1.27. The trend is up and we are also at previous structure
We are approaching my long entry point from my post last week for this pair. I will enter at 100.35 with ABCD (adjusted) completion and a 1.27 fib extension of previous swing move, which also marks a Gartley pattern completion. Have been waiting patiently for this one, lets see what happens. Cheers and happy trading.
My viewpoint is long near long-term low structures We have some fib confluence at an inner trend line The purple horizontal line also represents the 886 fib level and a bat pattern completion Looks like time to buy, entered in at the 1.618 level. Will enter other half of position at bat completion
I posted yesterday a detailed analysis for a reason to enter long USDJPY Now the pair has given a perfect opportunity to illustrate the meaning of "have a plan." "Buy low, sell high." USDJPY has turned to the upside momentarily and can potentially complete a bearish bat pattern around the 104 even handle level. I dont know which way price will go from here, or...
We are once again in the structure zones of 5+ year lows. Good risk/reward opportunity to buy cheap here.
Gartley at AB 1.27 extension & 886 retracement completed ABCD pattern also completed (black dotted lines) I am long at 1.1152 Target is the 382 because I am still overall bearish on this pair Entered a half position , will add to position if we drop more which we have some space to allow for Stops just below X structure / 618 extension I have tightened up my...
In this analysis I highlighted a double-top formed off during last week's trading We now approach the downwards sloping trendline and the structure zone (red box) I will be building a short position. This trade has two target areas, each represented by a green box. The red horizontal line and green horizontal line on top and bottom of the chart represent the D...
Head & Shoulders/ Libra Pattern forming. I am short from .8525, more conservative traders can wait for a neckline break and close, or a break and retest (or 618 pullback) in order for confirmation that bears can take control of the market. Target is the green box structure zone.
Selling the trendline pullback seems like a good idea. Confluence with a 382 Fib retracement and structure level. Watch price action for a sell signal, or entry order at the trendline. More conservative traders can scale into the position slowly adding as price goes higher with stops above the latest structure high (above .7570). Not looking for buying...
I am short GBPUSD in the red rectangle structure zone just above the 618 pullback, we have some trendline confluence.
Symmetrical triangle trendline broken to the upside and we now have a small pullback/flag where I have gone long in hopes of a continuation move. More conservative traders can wait for the flag line to break. Good risk reward on this trade.
I am short from the blue trend line touch at 1.4960 on the 4 hour chart. This is a good opportunity to add to my position or to enter a short position as price is forming a pullback on the one hour chart. Selling the break downwards seems like a good idea.
USDCAD has reached the top of the range from the previous couple of months, "buy low, sell high" principle now applies. Looking for a short in this structure zone that contains a fib inversion and a fib extension confluence.
Patience is now key as we watch USDJPY approach the green rectangle buying zone. We have a Gartley pattern completion at the 1.27 extension of the AB leg, and we also have an ABCD move completion at about the 100.00 even handle. Will also monitor the RSI and MACD when entry time arrives. Stops should be below X according to your risk rules. * If position...
Bat pattern completed Trade according to your harmonic bat pattern rules trust the process
The double top at the top of the chart has in fact finally reversed price as bears took control of the market The neckline has been broken Will now wait to see a retest of previous structure levels in the potential reversal zone (green rectangle) Look at price action for shorting opportunities here The 618 retracement would be most ideal, but it was a pretty...