The price has moved at the demand area around 1218.72, The RSI shows that the market is in oversold condition, If the price can hold at demand area and breaks the supply trendline, then there will be a potential for going long in this market
Buy at 76.238 for the formation of ABCD Pattern.
I dont know if this is a winning trade or losing trade. But as a trader, my job is to execute the trade acording to my trade rule and plan :)
I trade the pattern formed based on the setup :)
look for area of 78.6% for long and short cypher formation
Bearish cypher formation on 15mins chart
Just trade the pattern. Turn the pattern into profit :)
we can see if the price action goes toward 88.6%, there will be potential bat pattern
The pattern is there, and i just find the reason to execute it
Have the reason to enter long on this pair, i dont know if jack will let me broke this time
I dont know about the fundamentals. But what i see the completion of bat pattern on euro - dollar
Price reach the extended target at 127. Wait for higher close of the candle for long entry
Long opportunity on this pair on 78.6%. Trade your plan :)
Being conservative, If Price reach 61.8% retracement, Then I will Short the market.
As you can see on the chart, the classical ABCD pattern of retracement 0.382 has completed and the BC projection is at 261.8% at D Point. So at D point as you can see there is a formation of Double Bottom with Higher High, Higher Close. There is a divergence on my RSI also!!!. I am long at this area. My target is at 1st target of 0.382 of ABCD exit target!! As...
The Price is now at 88.6% retracement. Look for added confirmation to go long for this pair. 1) Pin Bar formation on daily chart 2) Double bottom on hourly chart we still need more confirmation!!!