This is a follow up to my last post. As price came back into the outside return area I was looking for a push lower. However, now with price breaking higher I am assuming I am wrong and will be stopped out. I am now looking for my next op to get short. And IF price can ralley up into .7645 we will have a bear ...
Once price put in a new structure low It is my expectation that price will go lower. Price has retraced and tested the resistance level providing a good RR.
Stop placement just abve the 7600 even handle to provide more protection. (134 pips of risk)
Target is @ retest of lows. (325 pips of potential profit)
We are clearly in a down trend here on the 1hr. We are currently puting in the outside return.
I will be waiting for price to close inside the reversal zone. If Price closes inside the reversal zone without breaking and closing higher than the previous outside return I will enter short.
We do have the .7200 even ...
The first pattern is a bullish bat pattern that will complete if price can get down to 121.849 for a bullish trade.
The second is a potential bearish gartlry that will complete @ 123.16 (Check your C point I show it misses by 1 pip but am watching it closley for another test)
Although I am done trading for the year. I am however still looking for a shorting oppertunity to get short the EURUSD. I am looking for a test of the 1.0300 and then a test of the 1.000 levels.
On this chart the first area of resistance come in around the 1.0500 even handle. We have some previouse structure along ...
We are way early still but IF price can ralley up to 1.07641
We wuld have a entry reason to hope on the EURUSD
and look for a potential target @ 1.000 even.
I did a short video explaing the potential trade setup here https://www.youtube.com/watch?v=SFFKM9QIwgw
While breaking down the GBPJPY I noticed that price has broken and closed above 2 daily Structure levels. Thus, giving my the idea that price could in fact go higher. As I went down to my trading time frame of 60m I noticed a potential bull bat setting up. To learn more about how I will be taking advantage of this ...
I got my eye on USDCAD this morning. We have 2 potential advance patterns setting up. IF price rallies up to 1.34980 this could complete the bear cypher pattern. IF price falles to 1.33000 this would complete the bull bat pattern. IF the bull bat completes first the cypher will then be invalid.
Today I would like to continue my analysis on the USDJPY. IF price can rally to 113.599 we will have the D completion point of a bear bat. We also had a completion of a 2618 trade set up. I did not get filled the 2618 yet. IF price does come back down into the 112.111 level I will get long and ride price up into ...
I wanted to share 2 potential trade setups here on USDJPY. The first being IF - price rallies from here up to the 113.20 (without breaking the 111.358 levle) we would have a bear gartley completion. The second being IF - the A point of the potential bear gartley is broken & price pushes lower to the 110.82's we ...
Entry reason Bear cypher cmpletion
3 Other reasons for my direction of trade
Completion would be in a reversal zone
harmonic move to completion
1618 ext of the 1st leg of the harmonic move is @ the completion point.