Rejection candleUSDJPY is showing very nice rejection signs on the 4 hour so I'm looking to buy. After the buy if it respects the highs then ill be opening a short position to possibly ride the wave down if it lines up correctly
240
eurjpy 240 about to complete wave 4 and it is time for wave 5 :)Wave 4 is about to complete! watch for wave 5 :)
NZDCHF Gartley Opportunity Our C leg rejected at the .618 retracement level. From C-D we have price already breaking past the B point. Going into next week we are looking for some nice setups to the upside if price continues lower.
USDCAD Bearish ButterflyHi guys this is my first Harmonic Pattern's idea!
Tell me what you think, if I'm wrong something and give me advise.
Thanks for thumb up!
FX:USDCAD
USDCAD - Bat Pattern Potential Bat pattern forming. D point is at a level where there was some previous structure (near the X point).
There was also a Gartley pattern which was invalidated yesterday and so there is a possibility that price action could continue up beyond the D point of the Bat to a previous level of resistance at 1.32373 and invalidate the Bat but that is trading!
Targets would be at the 0.382 retracements of A to D.
Let me know your thoughts and please like and follow if this was helpful.
a short looks good Unfortunately, I need to go sleep, so i have to make a sell stop order. expect some down move, then up when the correction is over. Entry when RSI=70.
Trade 1 <> 100 Trades Challenge <> only 4hHi guys i am starting a challenge where i will do 100 trades and see what my win trade is after the 100 trades. You can follow if you want.
First trade is a head and shoulder + strong trend line and a bigger pullback to the 0.618 & 0.5 levels. Still waiting to short keep you guys updated
Current trades : 0
Current winrate : 0
Short Gold at Potential Role Reversal ZoneWatch Support become resistance zone
Short after confirmed.
Target TP at the Lower Low
NZDJPY Rising Wedge Short Signal H4Okay traders, we had pretty aggressive downward move and after that price created rising wedge at H4. Sell the breakout of bottom line. Good luck!
Massive Bat PatternThere is a Massive Bat pattern on the Gbp/Jpy. Now it almost completed, it was about 15 pips short, which can be a potentially good thing. Since this pattern can have between 150 - 200 pips of risk depending on how you place your stops, if Price action will push back up and double top with bearish divergence you can then enter NBM and drastically reduce your risk placing stops above the double top as opposed to above the X leg. Either way this pattern has huge potential if you can accept the risk. As always follow your plan and good trading.
GBPUSD AnalysisHello traders, this is our first post via this platform.
This week we have been presented with a selling opportunity on GBPUSD.
1. We have a completed Gartley pattern
2. Zone of major resistance- This zone has been held for the past 2 months.
3. RSI divergence-We have put in some bearish divergence, signalling weakness in the recent up move.
4. AB=CD - This harmonic move serves as extra confluence.
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AUDJPY Buy SetupLook to go long on this pair once the side ways consolidation results in a breakout to the up side for wave 5. expect some price swings to wave 5 completion.
Trade your plan.
AndyG
BTC/USD Important Zone is about to be tested!!Price is approaching a very crucial zone. The 415-420 zone. If price comes down and holds we can look to see price potentially test 460, then 500 again. If you are long or are looking to get long keep that 500 level in mind. The last time price ran up that high it quickly rejected that level. Although we are in a much stronger and sustainable up trend. Conversely, if price breaks and closes below 415, I would look for price to test 400, then head back up to the 415 and finally retrace back down to the 360-370's. We'll see what happens in the coming days. Good luck trading out there.
Bullish Bat 240 min AUD/USDThere is a bullish bat completion at .7091 on the 240. If you don't trade Harmonics this level has some strong support as well. You can have your stops just below the swing low around .7065. I would look to take profits up to the former support level at about .7165 and the swing high at .7245. Good luck trading out there.
GBPUSD Counter Trend Trade 240min- GBPUSD has just ran into a Major Support Level
- We have an Open Gap well above us
- If I can find a reason to get long then I will
- Right now I'm looking for a Double Bottom to occur on the Lower Time Frame
Target #1 - Next Level of Resistance
Target #2 - Gap Fill
Stops - 1 ATR Below Double Bottom (if we get one)
