Yesterdays Pattern was invalidated when the market moved lower to its current position not giving us a reason to enter the market in the PRZ, however it just proves how important it is to consider the pattern formation on the larger time frame when trading the lower ones, now we have a congruence of pattern to complement the completion of the Daily pattern making...
This is still a valid long position as long as the PRZ is not violated, the price action is now giving us another chance to aggressively enter the market for a long position in the 886 level however if we are being cautious about the trade you can wait for a 26.18 in this. If i understood jason stapleton correctly about the 26.18. but for me i could re enter...
This is a very Short LONG position, The key is in the PRZ, and not being greedy. observe the price action in the PRZ and enter the trade according to it. Trade Carefully and Be a winner
This is a possible short trade. We must carefully watch the price action specially where it would reach in the C point. What is shown in the chart is a possible .618 to 1.618 trade making a perfect ABCD pattern ideally, but this is not the perfect world. Where the C point reaches dictates the Termination of the D point. Where ever that might be this is a short...
This is a potential short opportunity in the EURUSD even though the general trend in the daily is long. Those trading in 1 hour should look in this trade for a few pips gain but careful not to be too greedy due to the Larger uptrend on the daily.. Those who wants to trade this should carefully observe the PRZ as described by scott carney. The price action in the...
Im Long in this trade. All indicators have been laid out and its pointing to the upside, the trend is also in the upside, Mr, Richard Kribo (i forgot the spelling of his surname) said that "the trend is your friend" i believe him. Scott M. Carney if il applied his teachings correctly this is going up. But very importantly We need to analyzed the Price action while...
I've been long in this trade since last week, due to the pattern that formed and to my rules is still valid cause the x leg has not been violated. Anyways, The RSI level even though not overly sold gives me a small percentage that i might be correct, ATR levels also suggest that this might break anytime soon, in my direction i hope, due to the violet channel...
The most confusing trade. really need a point system.
This might be a move longer than what we could expect or i could be wrong.
break above the pink PRZ is most likely due to the range of the market and the trend, supported by the previews over sold RSI. Harmonics also suggest the move upward making higher high. Structure is also found on the orange PRZ hence the market would need a lot of strength to break below it.
A break above or below the triangle means a change of heart of the market
This is a copy of akil's trade. Waiting for completion