These are the downside target levels I am watching on the 4H bearish CURCT price structure I shorted on Friday.
Here on the 4H NZDCAD you can see my 30m short entry on the bearish CURCT (white arrow) from Friday. I am trading down into the 4H bullish RCT price structure that I am anticipating to confirm in the .84200 area. This 4H price structure will be a very nice opportunity to catch an entry into the weekly bullish CURCT but I don’t like to hold positions that long so...
The weekly NZDCAD has a large bullish CURCT price structure that has formed. It has not confirmed with a HCT candle yet but the price structure is indicating it will trigger soon. So I am using this price structure to guide my trading on the lower time frames. I am currently holding a short position on the 30m signal from Friday. (More on that in my next post)...
If I was already short I would move my 4H stop to this 15m stop on this bearish RCT price structure. I am waiting for this 15m price structure to form before I enter short. If price closes below 125.08 it likely won't run up into the 15m price structure. If it does close below 125.08 I will enter short using the 15m stop level trading into the 4H CURCT.
Watching this price structure here on the 30m. If price gives a LCT candle I will short this set up.
This price structure looks good here. This could be the beginning of a larger correction, my target levels are not representing the entire move that may happen here.
So it looks like the bullish RCT price structure is going to hold. I am hoping price pulls back and forms the smaller bullish CURCT (blue lines/arrow) so I can catch a long position on this price structure. If it doesn't pull back and give a second chance to enter I have missed a nice set up here.
Price can get very confusing and sometimes it feels like a coin toss. In those situations I don't trade and if I am currently holding a position I hold it until I get stopped or the trade works out. The situation here on the CAD is what I call a conflicting RCT because we have two valid price structures one is bearish and one is bullish. The bullish RCT price...
We now have 4 bullish patterns in play where all four are on their CD legs. This price structure appears very bearish to me.
I have been waiting for a bullish price structure to form to trade into the daily wave. This bullish RCT price structure is valid. Its not the best structure but it is a valid price structure. I am waiting for a HCT candle to enter a long position on this set up. I am trading into the daily CURCT price structure I went over previously.
A valid bearish CURCT price structure is in play here on the 1H chart. This is looking like a corrective wave is beginning here on the 1H. The Higher time frame wave is bullish so I will trade this with lower risk.
This 30m bearish RCT price structure is an add on signal trading into the 4H/Daily wave. I moved my stop to BE on my first entry and as soon as I get a LCT candle I will enter another short position on this 30m price structure.
Here is a bullish price structure I am planning on trading into. Taking this exact position doesn't allow for the best RR but its still a high probability price structure. My plan is to find bullish price structures on lower time frames and trade into this daily CURCT price structure.
Price here is in a bullish AB=CD corrective wave in the much larger dominant downtrend. Using the AB=CD patterns and the bearish CURCT price structure currently in play I can get a pretty good feel for price. I am bearish down to the .9000 area where I am anticipating a large bullish RCT price structure where I am then bullish up to the .9700 area. The .9700...
Gold has a very large bullish price structure in place. This weekly pattern is a powerful pattern and I am anticipating in the months/year(s) to come it is going to reach at least $2200 possibly $2400 or higher.
A bullish CURCT is setting up here on the 4H chart. If price closes below .8384 before a HCT candle forms the price structure is no longer valid. As long as price forms a HCT candle above .8384 I will enter a long position with a stop below .8384. The target level is not a set level. I watch target levels for reversal signals to form and only then do I close the...
If you use harmonic patterns there is a way to find which wave you are on. You will find there are times you are able to catch the waves perfectly and others where you are out of sync. If you can figure out a way to determine what wave each time frame is on then you only trade into the higher time frame wave you will begin to see success. Then as your trading...
I have closed the other half of my long position because I don't want to wait for price to correct and then eventually come back into my favor. I believe the 4H bullish price structure (yellow) is still valid but we now have a bearish CURCT price structure (white) on the 30M that is valid. I am waiting for a LCT candle to short this bearish price structure. As...