Possible Positive Reversal on 4 hour chart and a target to work to @0.7293 Divergence on 1 hour chart @ around 0.5 fibo on 0.71427 * remember make your trading plan, never follow someone blindly Example
Price did break the trend line. Now we wait for the retracement to at least the breakout price around 1.435. There is a possible test of the trendline so we will watch price when it comes near the yellow box. Below a view on the 4 hour chart and the daily and a example of gold this week
I want to share this analyse with you, so I can refer to it in my later analyses. We here see two times a Positive Reversal (Constance Brown). It shows a target where to work to (1260.73 & 1268.95). Also in the chart three times divergence. Divergence is a warning signal for a possible shift in the direction of the price.
I was looking at the bigger picture of USDJPY after i spotted Divergence. In the higer timeframe i spotted this posible Negative Reversal. The target to work to is calculated at 93.993. This seems a nice upportunity to sell. So the green arrows has my preference in this. * remember make your trading plan, never follow someone blindly
Divergence on hourly! Wait for break and pullback before doing anything.
I was watching how the positive reversal and divergence was working out, when i spotted this Gartley on the 1 hour timeframe. This gartley matches the conditions on my view of the 4 hour timeframe, where i'am waiting for a possible negative reversal. On the 4 hour timeframe this possible negative reversal matches with the resistance line (placed by Cardwell in...
I was looking at a chart of Animangal ( ) to find if there was a good entrypoint for a long position. I found this gartley pattern with an ABCD pattern wich will end on the 0.786 retracement of X-A and the 1.272 extension of A-B. I like this one and want to thank Animangal for every time he takes the time to give his view on something and clearly and wants to...
*Remeber make your own tradingplan, never follow someone blindly
* remember make your trading plan, never follow someone blindly
Started on October 2nd, 2015 there is a Gartley Pattern formed on the daily chart. I found out about the Gartley pattern by analyzing the higher timeframe, after i noted divergence (started on April 27, 2016) on the 4 hour chart. Yesterday (May 18, 2016) was there the breakout out of the down-going channel and the retracement / test of this channel. This all...
I was looking for divergence on the 4 hour chart and i spotted this ABCD. Divergence on the 4 hour chart is there and looks like support is holding on 0.94690. TP 1 on 0.97252 so for me the risk reward is sufficient enough! I'm just starting with publishing so every comment is welcome. I have a lot to learn. Make your own tradingplan, I'm not responsible for...
On the 4 hour chart there was divergence between price and the RSI. The price did not broke the down-going trendline which was formed from 24 august 2015. Now the up-going trendline from 21 april 2016 is broken. The price is now making lower lows and lower highs on the 4 hour chart. so Risk reward is good enough for me to short the GBPAUD. I'm just starting with...