In this episode we are looking at a bearish bat on the euro-pound! Price has consolidated a little between the A, B and C coordinates, giving great shape to the movement. The D point is forming in an area where price has previously bounced- if the weekly chart is anything to go by, there has been a lot of action around this level.
As always, I'm drawing the...
This is the second play that can possibly happen on the NZDUSD pair. I am in favor of this happening more just because it give 2 great trading opportunities. Let see how this plays out.
Trade with care.
If you look at the past, when the RSI passes the 70 point and sits for a few days each time there is a correction of 30-38%. Here are some points to keep a look out for.
* If you want an entry point, $1320 USD seems like a good place to start being just under 30% of a correction.
* With Rootstock coming out and Consensus next Monday (5/22), unless the dip...
Hi everyone!
CAD/JPY is forming a bearish bat pattern on the H4 chart.
Conditions for a valid bat pattern are:
XB: 0.382 - 0.5
AC: 0.382 - 0.886
BD: 1.618 - 2.618
XD: 0.886
Take profits are set at 0.382 and 0.618 of AD.
At target 1 half position will be closed and stop loss moved to breakeven.
Good luck everyone!
EURUSD: The Euro has broken up through significant last resistance today. It's still worth following before it runs away even further to 1.135 and then 115.05 over the Summer.
In this episode we are looking at a bearish bat on the euro-pound! Price has consolidated a little between the A, B and C coordinates, giving great shape to the movement. The D point is forming in an area where price has previously bounced- if the weekly chart is anything to go by, there has been a lot of action around this level.
As always, I'm drawing the...
nice 1 to 1 measured move ending at gartley completion. If you want to enter aggressively do so at completion of the pattern. You can also look for the rsi to be over sold near completion. If you are move conservative you can look for a double top w/ rsi divergence .
TWTR looks like making another advance. Moneyflow is very strong. We think it has good upside potential. For entry we would look for a slight pull back or break of recent high.
* Trade Criteria *
Date First Found- May 15, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $19.35 or Pull back around $18.87
Exit Target Criteria- 1st Target...
Hi everyone!
Here we have a perfect bearish bat pattern forming on the H1 chart.
Conditions for a valid bat pattern are provided:
XB: 0.382 - 0.5
AC: 0.382 - 0.886
BD: 1.618 - 2.618
XD: 0.886
Take profits are set at 0.382 and 0.618 of AD.
At target 1 half position will be closed and stop loss moved to breakeven.
Good luck everyone!
We can see the beginning of a bat pattern on the daily chart. Furthermore, XAUUSD is boucing back on the 10 EMA ; going for a potential pullback. Won't enter yet, but will be watching carefully.
Potential Cypher Pattern. Finishing leg C.
As long as market does not pass 1.38910 this idea will remain valid.
Note overbuy on RSI indicator.
Lets see how it rolls out
KTOS seems forming a flag formation. It also broke above long term resistance & holding above quite nicely. We would take flag break to reach first target & 2nd target would be momentum.
* Trade Criteria *
Date First Found- May 11, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $9.52
Exit Target Criteria- $10.43
Stop Loss Criteria- $9.07...
Here we have a bearish bat on the euro-cad. I did not take this trade- I have avoided Euro 0.08% trades throughout the french election, but this one is still worth noting. TP level would be 61.8% of the distance from A to D with a risk:reward of at least 1:3.
Bat ratios:
B: 0.382-0.5
C:0.382-0.886
D: 1.618-2.618
xD: 0.886
Price movement on the dollar-franc is forming a bearish butterfly (if the next wave makes it that far). This pattern has been drawn up really early, but we'll see what happens. The D point is approaching a key MONTHLY support/resistance area; we all know monthly s/r is stronger than weekly or daily! I will post this as an update below. If price does reach my PRZ,...
