iorek65

iorek65 Updated 

Pullback to key demand level gives opportunity for a long trade. Price has responded strongly to the bullish butterfly (well, I call it a butterfly based on the same alignment of ratio level tests) it fell into at market bottom ... a pattern that with certain ratios and conditions gives us "trend ender" potential for fresh trend the otherway. This is a long...

iorek65 Updated 

Long on Gold on the channel test. Look for move to higher end of the channel again -Always use a stop -Trade only with money you can afford to lose -Be open to multiple scenarios -It's okay to be wrong about anything

iorek65

At a good price level of demand. The next demand level is $1215 if this one cracks and breaks the .886 retracement. .886 is good support/long potential as well as 1.0 level $1215. I know it doesn't look like a "picture perfect" bat pattern, but the nature of it is one I've seen in price history. -Always use a stop -Trade only with money you can afford to lose...

iorek65 Updated 

Intra Day Short -- this is actually also marked by a key turning point in Jenkins Secret Angle Method (not shown in the chart). Good book to check out. -Always use a stop -Trade only with money you can afford to lose -Be open to multiple scenarios -It's okay to be wrong about anything

iorek65

Potential Retracement -- watch the 0.886 and 1.0 levels on smaller time frames if price travels up there for potential hints of distribution patterns. -Always use a stop -Trade only with money you can afford to lose -Be open to multiple scenarios -It's okay to be wrong about anything

iorek65 Updated 

Potential Retracement. Consecutive lower closes on the hourly in the PRZ (point of reversal zone) -Always use a stop -Trade only with money you can afford to lose -Be open to multiple scenarios -It's okay to be wrong about anything

iorek65

Inverted HS pattern impulse test and retest. High probability we are going to move up to retest those demand zones -- and long term break above them. -Always use a stop -Trade only with money you can afford to lose -Be open to multiple scenarios -It's okay to be wrong about anything

iorek65 Updated 

As anticipated, 1 hr bullish bat pattern i posted recently seems to be failing (i liquidated it near 1.12). Larger daily setups at hand give us clear areas of supply and demand for positioning our analysis. The sell zone setups are being confirmed by consecutive lower closes on the hourly chart. -Always use a stop -Trade only with money you can afford to lose...

iorek65 Updated 

Bullish Cypher Pattern Setup on XAG USD (Silver). Targeting 17.60 and 18.37. Longer term picture is higher potentially, but those targets suffice for this analysis. -Always use a stop -Trade only with money you can afford to lose -Be open to multiple scenarios -It's okay to be wrong about anything

iorek65 Updated 

Bullish Bat pattern. Final "fail" point for a cascade of lower selling is if market breaks below 1.107 (1.13 extension of the bat). Patterns can fail, but they fail into other ones that work. Watching other price levels if that happens -Always use a stop -Trade only with money you can afford to lose -Be open to multiple scenarios -It's okay to be wrong about anything

iorek65

Bat Pattern on the Daily USDJPY. Potential retracement and sell off points marked, as well as the stop hunting zone (keep your stops above the stop hunting zone if you're looking to reap a longer term target. They can be tighter if you just use the reversal zones for retracement scalps) -Always use a stop -Trade only with money you can afford to lose -Be open...

iorek65

Two main potentials here in my view (should the market correct that much in the first place that is): 1. .5 - .618 retracement zone becomes demand zone point of reversal 2. A failure of 1 leads to accumulation at a lower level (Cypher pattern) -Always use a stop -Trade only with money you can afford to lose -Be open to multiple scenarios -It's okay to be...

iorek65 Updated 

USD CAD is showing signs of rolling over/continuing with larger scale setup. Plenty of buyers on the other side assuming a continued uptrend. Downside targets 1.34 and 1.31 Sell 1 at market 61.8% retracement. Sell 2 at former support (this is a specific setup). -Always use stop -Research setup history -It's okay to be wrong about anything.

iorek65

Just something to be mindful of if you're long. We don't have confirmation for a short sale, but patterns like this that complete large measured moves can some times indicate a correction. -Always use a stop -Trade only with money you can afford to lose -Be open to multiple scenarios -It's okay to be wrong about anything

iorek65 Updated 

There are actually more reasons than just the trend line for this trade (it's also a demand zone and other setup). Trade is active. If this setup fails, watching another one for entry down at 1.095 - 1.10 -Always use a stop -Trade only with money you can afford to lose -It's okay to be wrong about anything -Be introspective and open minded

iorek65 Updated 

GBPUSD is retesting the LP for the 3rd time now. This doesn't mean we couldn't see a wash and rinse. For now my bias holds we will see either a move up off the LP or a wash and rinse lower to break the previous two lows before a spring up -- those are two common plays in these current conditions. 5:1 R/R potential on this trade. -Always use a stop -Trade only...

iorek65 Updated 

Range Based pattern -- Canadian dollar showing signs of picking up steam again with 135 pattern on USD/CAD pair. Candle impulses on lower time frame suggest price roll over/retracement. Watch for the close.

iorek65 Updated 

Once again we have a head and shoulders that offers us a potential retracement. In my last trade short on the head and shoulders I closed my position after the support line broke because i didn't have analysis to validate a move past that. In this trade we have a head and shoulders pattern happening at a key supply area (the one above the previous one where we...