As per my earlier posts, the current EURGBP looks precariously like a 3 drive pattern Todays candle is a bearish pin bar which offers a low risk short with potentially very high reward to risk based on my earlier posts here Will be entering a short now with my stop above the 161% extension looking for lower levels
GBPJPY possible scenario Just broken out of symmetrical triangle, common in wave 4's Projecting fib clusters based on the marked 5 wave pattern there is a cluster at 120.00 - 116.00 which is still 1,400pips lower Reward to risk wise this is not a great proposition right now, so what I suspect will happen is: a) a rally into a lower time frame supply level to...
Buying soon, given a short term bullish divergence and candle formation Target 1 is a combination of a supply zone on a lower time frame and a 38.2% retracement of the recent decline - this will still be a 2:1 trade, if it grinds higher into the supply overhead (at which point I would likely short) then it will be a nice 6:1 trade Still bearish but will try for...
Not full member and don't use TV as my primary charting package but reviewing the quarterly closes over the weekend Gold does not look terribly good Looking to play the short side in the near term
Getting close to buy zone... will be scouring for signs of reversal around $17.20-$19.00
Buying above the high of today if candle closes bullish and small
Cypher completed, but there have been numerous patterns in this range, this is where harmonics work very well Currently there is a small green candle at support with a completed Cypher pattern and oversold stochastic if the green candle closes bullish today it will offer a low risk long entry and 2.7:1 to the first target If it manages to break the upper channel...
QQQ Ending Diagonal + Nasdaq Daily Breakaway Gap
Pin bar at significant level going back to April 2006 Could see lower levels possibly back to 130.00
Looking at lower levels, good R:R even back to 20sma would be a nice 3:1 trade
Bit cautious on this one namely because Silver has already broken down out of the range However there is a valid bat pattern within this triangle so taking a long position with a quick first target around 1333, will move to BE if target 1 is hit and if it rallies on then hopefully we will see 1415 or so Relatively low risk entry with good R;R potential so see...
Looking for signals to sell around 0.8730 - 0.8750 or up to around 0.8850 Will wait for some indication to short but nothing saying so yet... The fibonacci cluster shown is projections of a monthly 5 wave advance + a daily 5 wave advance (within the larger 5 wave advance) + two butterfly patterns so a fair bit of fibonacci confluence at these zones Time will...
Had a tight stop on first position and got stopped out... However a lower pattern emerged and is still valid so re-entered again at bat level 1.2873 with 3x targets as shown, given the higher time frame picture with the early signs of a Bollinger band reversal I would not be surprised to see this turn into a runner to the upside... Target 1 is still quite good...
Buying now with two targets, may trail stop loss on 2nd part of trade aiming for the gap close at 1.7725 ish Long short term but expect prices to decline lower to monthly support before a major change in trend
Taking profit 1 on earlier idea and entering short on 5.0 pattern at supply + 61.8% + RSI overbought
Looking to sell on shorter term supply level
Scaling into a long position looking for higher levels