5-0 Pattern
Bullish Trend Using ( 0-5 Pattern)the detail is shown on the above Idea.
First my Idea on NaTGas .( backtest Idea and know better about GAS trend )
AUDUSD - Bearish Shark at 0.6960-0.6970AUDUSD looks to be heading north, there could be some rebound in the stock market this week I guess, with falling USD.
Is the FED planning a new stimulus again.
My view for AUDUSD is that it should go up and complete a bearish shark pattern around 0.6960-0.6970.
It will be wise to wait for patterns to complete before getting into the trade.
If you are adventurous, you can consider trading the C-D leg on this AUDUSD shark move too.
For shark pattern generally, profit targets are at 50% retracement of CD leg and 88.6% of CD leg.
Stops has to go below XC 1.27.
Good luck and good trading!
GBPJPY Buy zone ACTIVATEDAs shown on the chart, based on Elliot wave count, the corrective wave 4 has ended, this give an opportunity to trade the last motive wave 5.
This is in confluence with the 50 to 61.8 fib level of BC a 5-0 pattern, expecting to trade the D leg
The risk reward ratio is 3.7
If you find this idea useful kindly follow and like.
Thank you
XAUUSD Cypher Pattern is about to completeWe'll be looking to short from the zone that cypher is completing.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
NOTES:
- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.
Best Regards.
Bitcoin challenges 10k again on a Bearish Bat PatternBitcoin last week completed a bearish shark and fell.
It then formed a 5-0 pattern.
This week, i am predicting a retest of 10k level to complete a bearish bat.
This 10k level is really tough to overcome, i think it will need multiple tries before it finally breaks cleanly above this level.
When the bat completes, i might look to short it again, but currently at this price level, I am long bias.
Hope you guys enjoy my analysis, if you understand mandarin, i do weekly market analysis on my website, you can check them out.
Good luck n good trading for next week!
JCPenney - Worthless piece of junk Money had been flowing out of this asset since 2012.
Harmonic target is below $0 dollars.
EUR/ USD Here on the Euro Dollar we have a shark pattern. Since i see this market being weak against the dollar considering the DXY (dixie) is floating around 100 and the EXY is in a strong bearish channel. i am still bearish against the royal pairs. So with that being said i would only target the 50 and wait for the 5-0 pattern to form to finish off the correction.
#RISKFREEORBUST
OANDA:EURUSD
TVC:EXY
TVC:DXY
GBPCAD 5-0 vs TrianglePrice has completed the 5-0 pattern but can not find buyers. On the other hand, there is a tri-angle forming which looks like will break down.
We'll wait for the battle and pick the winning side.
Like and comment if you find value in our analysis.
Good luck
NOTES:
- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.
Best Regards.
AUDUSD: bearish 5-0 patternIn this chart we see a bearish 5-0 pattern. The yellow rectangle highlights the PRZ consisting of 50-61.8% retracements.
RSI is showing bearish divergence at a 127.2% extension of the previous swing, confluence by 50% retracement from the 5-0 pattern PRZ.
Good luck to all trading AUD/USD !!