Overall in a bullish trend, we have some price rejection @ .98293, a strong resistance level. We have a few opportunities to capitalize on minimal risk trades above that resistance level to the downside. 1. I have a ABCD pattern with a D completion @ .99170's giving us a 1:1 market ratio move. 2. We have a Gartley pattern completion in the same area that...
Cypher pattern completed. The risk is slightly on the higher side. Ratios are good. and now lets see if the ratios keep up with the reward. Cheers.. Good morning. And Those friends who are fasting on this Ramadan....My regards and Ramadan Kareem. Though i am not a Muslim, i am fasting too. :) Regards, Hearty
this is 240 min view of NZDUSD. its in the complex correction. it seems that correction is about to end. I will look for a sell setup on lower time frames.
its obvious what im looking for. lets see will it break to upside and trigger buy stop or it will continiue correction
Looking at the HTF I believe that EURJPY will continue higher up the 131.000 area. Market is in a Bearish Trend on the HTF and it appears we are setting up for a complex pullback. With that in mind, I'm bullish on the LTF and want to buy pullbacks. I will be looking to take a long around the 125.750 level IF we can pullback that far. I will also be looking to...
- 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)
-IM STILL BULLISH ON THIS PAIR AT THE MOMENT -FIB 0.618 MAGIC RETRACEMENT IS THE AREA I WANT TO HOLD TO SECURE A LONG -A B C D STRUCTURE HERE -THE NARROW BLUE BOX YOU CAN SEE IS A KEY LEVEL HAVING BEEN STRONG RES NOW SUPPORT -FIRST TARGET WILL BE WEEKLY RES 1.4760 IF THESE ARE HIT WILL TAKE PARTIAL PROFITS AND THE NEXT TARGET WILL BE FIB LEVELS.