I'm looking at 2 completed harmonics. Blue cypher pattern which retraced to 50% and then continued uptrend. The orange leg is a completion of a bearish shark pattern. Here I have my 1st pending long order at 50% retracement based on previous pattern. On the flip side if the 50% doesn't hold a deeper retrace to the 8MA day might be possible indicating a possible...
I'm looking at 2 completed harmonics. Blue cypher pattern which retraced to 50% and then continued uptrend. The orange leg is a completion of a bearish shark pattern. Here I have my 1st pending long order at 50% retracement based on previous pattern. On the flip side if the 50% doesn't hold a deeper retrace to the 8MA day might be possible indicating a possible...
A quicky on a classic entry. Once previous structure is broken and close near support which is now resistance we can enter for a series of previous structure testing. At P1 I will move my stops 10 pips and look if P3 can get hit. Also we have less then 45 min until next data release. I might exit depending on where the market is.
Just barely in time market moved to my target and I could take my profit. I did not go long at this point because market was too close to US data release and I don't favour fundamentals. I'm now keeping my eyes out for another pattern completion between 1.3090 - 1.311
I waited to see if 1.5280 would be rejected. After that It triggered pending short order at 1.5267 looking for a retest of 1.514 ... Excuse me ... bearish bat xD
I'm looking at an intermediate Elliott Wave for a 5th wave to happen. 2 possible entries. First one at 1.3020 which is 14th of May high. Unfortunately I have a strict max 20 pips risk police ;-) and so I have a pending order at 1.3047. When the market may enter the watch zone I might manually enter short depending on price bar formation.
A nice cypher pattern completion... But what I don't like about it is how the EUR is struggling to find support. It just triggered my 1st order at 1.2840 but I have another pending order at 1.2826 this is also my last line of defends and last trade of the month. I actually do hope this won't happen as this would be an indication market wants to make a newer low.
Double top + spinning top/pin bar combo formation. One of my favorite raw price action signals when bears rules
Just looking from the sidelines at this moment. Too many reasons to go either direction. Want to see a second retest of nr 1 or 2 marked area. Aiming for a bearish signal.
Closed long position at 1.5503 Entered short position at 1.5513
Short Entry at 1.5547 1st target 1.5520 If 1.5520 fails next possible target 1.5010 Possible Shark pattern completion
What a wonderful, exciting also nervous week. I have one final trade to conclude my strategy. Sell entry at 1.5580... Which finish an ABCD on the day chart. I might miss this one out because 1.5580 is pretty precise... 1.5550 might have been better so if you're in it good luck!... I choose 1.5580 because the last major move closed above 1.5550
Here is another strategy I'm currently studying and testing... I named it after the soldier unit in the game command & conquer xP Here is the plan. Look for any major structure breakout and follow the market.. When you put a fib extension line from previous highest structure to the lowest.. You will notice the market will end around between 1.272 and 1.618. Here...
Educational purpose for studying contrarian strategies I haven't got the change to practice this so much but here we have a nice obvious range bond set up. The idea here is to trade in the opposite direction as to where the current market is heading for and is reaching an important resistant/support level.
Entered short at 1.5366 Took profit at 1.5260 because of weekend. Looking for re-enter point for short around 1.5272 to continue down trend to next target point at 1.5170. This area could be a potential reversal zone for point C to form a cypher pattern.