price has respected the drawn wedge since october and looks to be building for a breakout next week. After the exhaustion candle on the 4hr at the top of the wedge i believe we could head back down and breakout to retest the 1.12960 level.
PA has just entered the zone. Waiting for the bar to close and looking at the 15m and 5m time frames.
Numbers look like:
Entry: 0.72407
SL: 0.71950
TP1: 0.72990 (.386CD)
TP2: 0.73351 (.618CD)
I see a potential Head & Shoulders patter forming on the USD/MXN.
All the details are listed on the markup.
Trade at your own risk! I am not qualified to give financial advice!
Happy trading :)
~TraderTrev
What's coin on guys? Long time no see
I dont know if this fractal is already failing, but I wanted to share this idea with you.
Troughout the history of my fractal analisys, fractals on BTC were quite precise.
I think BTC will bounce short term around this area, and after that we could possibly see continuation of a downtrend.
PA is pips away from D.
If it completes, I'll go to 1h and check for an entry reason... Large last 2 bars... (exhaustion?) so I want to check how the last one behaves in the zone.
Numbers look like:
Entry: 84.960
SL: 84.60
TP1: 85.450 (1.36 RR)
TP2: 85.753 (2.20 RR)
As you can see, PA was already 4 pips away of D point and there are 2 more Fibonacci levels very close. BC leg is really long, almost to the max 0.886.
Important news on the CAD side at 10 am (EST), so be careful, look how PA reacts and if it goes back to the zone.
Numbers look like:
Entry: 1.69981
SL:1.7035
TP1: 1.68927 (.386AD 2.85 RR)
TP2: 1.68276 (.618AD 4.62RR)
PA is still 40 pips away, but important news on the CAD side (10 am EST) might make it accelerate (on any direction, so be careful)
Numbers look like:
Entry: 1.51224
SL: 1.51500
TP1: 1.50428 (.386AD 2.89 RR)
TP2: 1.49937 (.618AD 4.66 RR)
A little Butterfly (purple) has formed inside a larger Gartley (green) pattern... D Points are just pips apart, of course what it changes is the SL level depending on which one you want to trade.
I've heard some analysts talking about a pullback to 1.1370 and then 1.1430 as the next target for the bullish move... Ds are just right there, so it does not hurt to...
Siri forming an inverse head and shoulders.
Resistance at $6.62
Gap between $6.82 - $6.95
With the right shoulder bigger than the left don't buy till breakout.
If you are interested in the down under dollars... PA is about to enter the zone.
You might catch it with a limit order or wait for it on its way up.
Numbers look like:
Entry: 1.06122
SL: 1.05892
TP1: 1.06446
TP2: 1.06646
Larger pattern (orange) is bearish. Ascending channel / bearflag (red) already broke down. Currently still within descending bullish pattern (green), but near resistance line.
The pattern triangle which I announced yesterday was crossed. We have strong by signal on EUR USD trading instrument. We can buy ! BUT, be careful and read more news, this week fundamental analysis is very crucial, on Friday we have Non-Farm Employment change and before that news we may have a divergence and fake technical signals.
Here you can fined more...
