This is why I never listen to the crowd. Everywhere I looked during the past days theres been loud talk(screams) about shorting eurusd. A few short-term on lower time frames I can agree on, but overall I stuck to my plan which I executed 2 weeks ago.
My reasons for entry where:
Gartley formed previously with D ...
Broken bullish trendline, should as act resistance.
61.8 fibo retrace
Structure, previous support, should act as resistance
Bearish trendline, should act as resistance
What more would I want? I'd prefer RSI to show even more overbought, but still, enough to hold my case.
Taking profit above previous ...
Double top followed by break to the downside. Selling the retrace with falling trendline as resistance together with previous structure-zone. Looking to take profit above 61.8 retrace of the leg.
Stop loss above highest of the tops.
Since is NFP tomorrow I will definitely be on the lookout.
Entering at 115.580 on following basis;
Advanced pattern - Bat - D completion.
In conjunction with the completion of the Bat we have bearish falling trendlines (long term + short term). We have structure and on top of this we have RSI showing overbought.
Target is 38.2 fibo of A-D leg. Stop loss at a level ...
We have lots of fun stuff going on here. Price is heading into previous structure and resistance zone which have proven itself several times in the past. We have a bearish gartley just about to reach its D completion - which in turns comes very close to the previous, broken, bullish trendline which also should act ...
I'm looking to grab a piece from this opportunity.
Reason for entry: Cypher completion D
Price failed to close below bullish trendline despite several attempts.
Double bottom in area of cypher D closed the deal for me.
Entered long at 1.29800
Target based on 38.2 fib of C-D leg (adjusted for ...
Break of bullish trendline acting as resistance together with previous support levels also becoming resistance.
+Fibo 61.8 who rejected the price going further up.
I would like the RSI to be higher, but the above makes a case strong enough for an entry.
Target - structure together with previous falling ...
Bullish gartley completed at D leg, buy order pending for a retest of bullish trendline (bottom of the bullish pennant)
With the gartley completion we have;
Bullish trendline (support)
Marked my stop loss and target levels.
Happy gold digging
A bearish cypher heading towards D completion.
SL above D and aiming for 2 targets. First at 38.2 of fibo C-D and second based on structure and bullish trendline.
Once we reach the green-marked zone below I will go bullish on this one with target 1.00500
Selling at 1.1350s with a completion of a bearish BAT. SL safely above several previous structure points looking back.
Target at 38.2 fibo of C-D leg.
Around 1.1120 i plan on getting LONG where we have bullish trendline together with previous support and a series of higher lows.
Final target 1.16000
Cypher completion at D. Selling at 1.30418.
Structure on multiple points should act as resistance (see circles)
Target zone at 38.2% fibonacci C->D Leg and above previous support.
I've been eyeballing 0.87600-0.88200 for a while. Why? Its a major resistance level from year 2013 and we're going strong towards it. Since its an important level it also acts as a magnet, and thats why I want in on the ride.
Sure, we could see a bigger retrace before we finally hit this level, but I dont want to ...
Previous support should become resistance (light blue zone). Together with bearish cypher completion and falling trendline we find an opportunity to get SHORT. Final target is retest of the low (purple line).
IF however the trendline and resistance is violated I will look for an opportunity to get Long.
I might have missed the train on this one as I had not set my limit order.
Anyway, bearish gartley completed D-leg, RSI also shows overbought + bearish divergence with double top on 15 min.
Entering at 123.121 if it takes one more turn before heading our direction!
Targets and stops marked.
Bearish Cypher reached D-leg completion (marked entry).
Together with short term bearish trend.
RSI heavily overbought.
We have a larger gartley in the works aswell that we might see a potential trading opportunity later on, will be posted if this is the case.
Marked Entry, stops and targets. Stops below ...
We have a bullish bat completing its D-leg at 184.650.
Well-defined levels of support within a good risk-reward profile for stop loss.
This bat is also a part of a bigger bullish Cypher which completed yesterday and is still valid.
Marked entry, targets and stops!