The price filled bullish Gartley, bounced to T1 and verified TL break. Idea is to eventually get into short positions again and look for double bottom or bullish crab at 1.618 which comes to major demand.
I saw too many H&S patterns so I like this as alternative. Idea is to follow bear break downside. FOMC is today, might change and invalidate this setup or hit the target with no problem. Trade what you can afford to lose.
This is short term idea (I have posted longer term idea before ) for another new ATH and potential pull back in reversal zone, so short term longs are what I`m looking to complete when/if bearish crab gets filled. Plan is to use potential pull back and take longs again.
Idea is to look for short positions when ( if ) bearish crab fills in supply. This would be dangerous short in extreme bullish market, but why not; every leg up needs pull back so these would be counter trend trading.
Well, I think everyone is bearish here, TL support from 2015 is out, MACD divergence in play as the end of every trend. I just want to point out 2 key levels of crucial support. NZDUSD is not my play, it is slow, but important for its evil twins, EURNZD, GBPNZD in which I will look for long positions targets.
Daily "dark cloud cover" followed by "3 black crows" , pull back, followed by daily bearish engulfing - well, this is enough for me to say that I have point C of potential bullish Gartley pattern which should fill as some $40-$45 drop in the price of gold. I`ll keep short positioning and look for potential longs if Gartley gets filled. I wont be surprised if the...
Most recent fundamental factors showed possibility to stay long here and add positions at decent pull backs. This is long term trading into completion of potential bearish crab that might get filled at weekly double top. Current daily price action shows very strong up trend and if I am to close longs I will pay attention at 100% Fib. In case of weekly close above...
Idea is to look for short entries if bearish bat gets filled, targets would be common harmonic targets. Currently, I am long into completion of this pattern, bcs nice amount of pps upside might give very decent profit.