About meWir, Wayne und Felix, sind die Gesichter hinter WirmachenTrader®. Trading ist unsere Leidenschaft, welche wir selbst zum Beruf gemacht haben. Neben dem eigenen Trading stellen wir eine Anlaufstelle für viele Neulinge und Fortgeschrittene im Trading dar.
I am looking for two different structure zones on this pair. The lower one gives us first chances to look for valid shorting opportunities. To this point we failed to retest the 61,8 % retracement, therefore the shown gartley pattern isn't activ right now.
So, if we see the lower retracement I will place my limit orders to short via the lower gartley pattern. If...
Recently saw a new structure low on the daily chart. We are now retracing into previous strc. which should become resistance. The market gives us a bearish bat pattern which acts as my reason for entry. Because we expect further downside on this pair my second target will be the retest of recent lows which gives us a nice risk/reward profile.
Looking at USDCAD we see that the RSI is heavily oversold. I am long in the gartley pattern since 1.2837.
For those traders how might have missed this pattern, you get a second chance with much better RR ratio.
Remember you follow your plan!
Best of luck, Felix.
Not too much to say about this one.
Nice Gartley pattern setting up for a possible trend continuation trade.
Stops and Targets as your plan says.
Best of luck.
Just a quick Bat pattern setup on GBPUSD.
Came right back into previous structure with RSI oversold. Now seeing nice divergence and a triple bottom.
Shooting for conventional targets at 38,2 and 61,8 retracement of C-D.
Stops have to go below X.
As always, follow your plan!
Although I am not actively trading OIL this is a very interesting chart. From the lows we rallied right into the 50 Dollar area, almost doubled the price since February. The magenta arrows show the impulse legs. So we are right into the last start of the impulse leg from the recent downtrend. Based on the AB=CD we could predict, that the market will give us at...
AUDUSD is still in a downtrend. Therefore we're looking to take shorting opportunities to hop on the trend.
This gartley pattern gives us pattern traders a valid short.
Depending on your personal rules you can either trade this pattern with conventional targets (38,2 & 61,8% from A-D) or as a TCT as shown on the chart.
Nice pattern with fib confluence on this pair. Retracing into previous support now should becoming resistance.
This Pattern could be the reason to enter a valid trend continuation short. FOLLOW YOUR PLAN!
Best luck in the markets, Felix.
Update on NZDUSD: Coming right into previous resistance which is typically a good way to look for a shorting opportunity. In this case the market gives us a bearish bat pattern at the 88,6 %Retracement from X-A. Moreover the Completion point D lines up perfectly with the 61,8 % Retracment from Swing High to Swing Low.
Targets and Stops as shown on the chart. Make...
* First one is a Gartley Pattern, not a BAT*
Advanced patterns work best when the market is in consolidation. A great example is the German Dax where we recently saw two advanced patterns both hitting two targets. Now there is a third possible chance to get involved in form of a bullish cypher pattern.
Broke structure to the downside and now expecting at least the test oft recent lows@ around 123.17.
Just a quick idea based on the structure of the market. Make sure it fits your personal trading plan.
What looks like the next cover artwork for coldplay's new album are three advanced patterns, all lining up for potential bullish moves.
Make sure you trade your plan!
Good luck today! Felix
One of my favorite setups: Coming back into previous structure while forming a harmonic pattern. IN this case a bearish bat pattern.
Stops and Targets as shown. This is a swing trading idea. Follow your own trading plan!
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