Gold monthly chart showing a recent break out of a large triangle pattern. There is strong support at the 0.61 fib, so ill be looking to make an entry after a break and re-test of the current resistance at $1345. My first target is $1545, and my second target is $1775.
This trade has been settingup for a long time.
Trade confirmation occurred when price broke out of the 1 and 4 hour resistance wedge.
More re-entries will be available, this trade will take a while to hit its TP at the daily resistance area - be patient and happy trading
Hi,
We got a great bearish Gartley harmonic pattern on the AussieCad 15min chart. With this specific pattern we waited for the ab=cd completion before entering. The price has hit the ab=cd completion level required before entering the Gartley pattern trade as stated by Scott Carney, harmonic trader from HarmonicTrader.com, creator of most harmonic moves and...
If this pattern follows through we can go for a short position when the wedge is conformed a little more.
Will update if it is time for a position to take.
Thanks for reading!
Hey guys,
I'm just testing a new strategy post to see in a few days what it's all about, this strategy worked before I'm curious what this will do, if you have analysis on the USDMXN let me know I think it's a difficult market but when you can get it under control and understand it you can act in it consciously.
thanks for checking out
Hello friends,
as you can see we have a big bearish W-pattern every lower-low is 50 pips lower which is perfect, price has broken the trendline but has a rising wedge on the point of falling all indicators indicate overbought to be 1st target fibonacci level 61.8 is 325 pips 2nd target next keylevel 1.86500 which amounts to 540 pips.
let me know your opinion,
good luck
false bearish breakout of the trendline is leading the price over the trendline again , anticipating the big move with a little retest of the trendline that will be followed by a strong bullish movement . let me know if you hopping on this trade , cheers!
Ethereum (ETH) is the biggest winner from the top trio, it surpasses Ripple and it keep doing donnuts with ups and downs in lower time frames, good for scalping, or fast swinging for 1-2% profit.
If the rule will be applied again, it would be a down move till $145
There are lower lows, lower highs, Stoch RSI is crossing to bearish
But don't forget, we are in...
Hello everyone!
We have a nice opportunity to long USDCAD, perfect Harmonic Pattern formation...
Entry: 1.31530, my main target is going to be 1.32300
Have a nice day!
Not great in spotting H&S yet. We did have some bullish sentiment in the market and now formed this, that seems to fit in the plan of a H&S.
The shoulders are not higher than the head (the difference is not that great) but the neckline fits in quite well.
When the markets open tomorrow I expect to get an answer on the Idea Title.
Thanks for reading and please...
So if you missed the up move a few days ago then don't worry. Right now there is a flag forming or a correction if you will. Once it breaks out of this flag formation then there will be more profit to be made.
I expect it to break the top of late 2019, so there should at least be around 15% profit to be made from now on.
Happy trading!
The price
The price is back above the EMA200 on daily time frame after 9 months of downtrend. In fact, since the index has scored new absolute highs above 33000 points, the price has started to fall until the support around 24500 points and from here it has restarted.
Technical analysis
Technically the price is now above the new dynamic support (identified...
Pair is currently forming a bullish deep crab formation that completes right at the structure support level. RSI must be oversold and diverging to confirm buy signal at these levels.
BUY @ 1.49340
S/L @ 1.48585
T/P 1 @ 1.50417
T/P 2 @ 1.51104
T/P 3 @ 1.51849
Comparing the ETHUSD bubble pop from this cycle, to the BTC pop from 2013-2015, we can see some interesting similarities.
I don't necessarily believe that this has been the bottom, it is only interesting to note the very similar behavior of those two different timeframes on two different coins.
Market psychology is truly often very similar.
Now, what does this...
![GBPAUD: GBP/AUD [1H] Bearish Gartley Pattern Completed](https://s3.tradingview.com/x/X0V7Ys7b_mid.png "GBP/AUD [1H] Bearish Gartley Pattern Completed")
