EUR/CAD POSSIBLE BULLISH PATTERN FORMATION AFTER TOUCHING .618 LETS SEE PRICE ACTION WHEN TOUCHES .618 LEVEL
618retracement
NZDUSD POSSIBLE BULLISH MOVE SOON ON .618 LEVELALMOST TOUCHED .618 LEVEL SOON WILL BE CONFIRMED
AFTER REACHING OUR TARGET PROFIT WILL BE LOOKING FOR A BEARISH MOVE
Gold ShortWe see gold is in a down trend since few months.
After the break of support at around 1301.00 - 1306.00 in the beginning of October we are now retracing back to that level. This is also 618 retracement.
Price is now around 1304 and making a double top on the smaller timeframe.
Also RSI is overbought .
I'm selling gold with 3 TP targets.
Let's see
EURCHF 618 Trade618 trade with confluence of prior triangle trendline resistance coming in as support
7/31/16 - GBP/NZD - SHORT - "CORRECTION FINISHED"broken corrective trend line indicates price actions to .618 retracement
CadJpy coming close to 618 retracement, extremely oversold.There's not a great deal of analysis behind this trade, it's coming from a sort of double bottom, it's approximating the 0.618 retracement and it's way oversold in h1 and entering oversold territory on h4.
Even if we merely get a dead cat bounce there, we should have time to move stops to breackeven. I've never seen a price not bounce even a little with an RSI below 13.
Targets: the yellow trendline and then let it ride free..
AUD/USD 61.8 Retracement Short & Bullish Cypher Pattern SetupThere is a Bullish cypher pattern setting up on the AUD/USD 4hr Time frame, Price came very close to the pattern completion but turned around before the 78.6 completion level, my expectation is for price to retrace to the 61.8 of the previous move which should provide a decent shorting opportunity to ride the market all the way down to the Cypher Pattern completion point.
GBP/USD 60 min Bearish continuation/Gap fillI'm looking for price to fill the Gap. There is a 1.618 fib ext and a .618 fib retracement right around Fridays close. I want to get short around 1.3659, stops should go at least above the structure high around 1.3790, you could go higher or lower depending on your trading plan. I would look to take profits back to the swing low 1.3205. There is also a bearish 2618 trade opportunity at 1.3357, I wouldn't get short there just because price has been so oversold and the big unfilled gap. There is also some bullish RSI divergence on the 60min as well. This could be a potential buying opportunity. Look for a double bottom etc around 1.3160's-90's. Plenty of opportunity's, good luck trading out there.
Buy AUDUSD King Crown Formation, Counter Trendline BreakBuy FX:AUDUSD
Back Side of the Trend Line
Kings Crown Formation/ Possible Reversal
Previous Resistance becomes current support
Price Retraced from .618 Pivot Point
Price Broke above consolidation and previous resistance
Right now retesting the break
IF SUPPORT (GREEN BOX), AND THERE IS BULLISH CANDLE STICK FORMATION AND PRICE MOVES ABOVE COUNTER TRENDLINE ( Red), I will buy this pair
Risk 10 Pips below resistance (red box)
Target 1: 1.272 fib extension
Target 2: 1.618 fib extension
USDCAD Buy Counter Trend Line Break/ Resistance/SupportBuy price goes above counter trend line with Bullish Candle Stick Formation
Price above up trend line
Previously price break out above counter 88 Pips and 66 Pips
Fib .618 Retracement
I WILL NOT BUY IF PRICE DOES NOT CLOSE ABOVE 3RD COUNTER TREND LINE BREAK TODAY!!
MY STOP WILL BE 10 PIPS BELOW BULLISH CANDLE STICK FORMATION
TARGET WILL BE 5 PIP BELOW 1.272 FIB EXTENSION @ 1.31161
RISK REWARD WILL BE APPX 2:1
GBPUSD Daily a few Ideas We have had a Double top form on the most recent high so my view here is that we will start to see a retracement.
Possible outcomes:
We could have a simple retrace to the 618 area of teh most recent impulse leg and then see a futher rise up
or
A possibel Bullish Cypher is forming, we were jsut shy og the 1.27 area of the B to C leg so it could be classed by some as invalid but this could see a drop down to the 786 area which was a area we previous found support and had a rise from
or
I could jsut be wrong and it sees a slight pull back before continuing upwards
Multiple harmonic patterns completing at daily 618 retracementDaily and hourly 618 retracements lining up with Bat and Cypher completion on the 15. Take the Cypher for a conservative entry, expect a retest of previous highs.
Gartley completion with perfect 0,618 retracement confluenceAfter the 2618 to the left of the chart has already produced a winning trade opportunity, this gartley pattern happens to complete exactly at the 618 retracement based off the second top.
BUND - 4H - Breakout in progress?Thoughout the last year we saw a constant bull market in the Bund. now it seems its finally time for a little bit of releave (also due to stronger indicies)
we saw an impulse breakout recently violating trendlines of the recent upmove. after that we corrected upward in a slow fashion. now another impulse down become more and more likly after the hit of the 618 retrecment. so look for trendline violations.
i think we will most likly see a gartley type form - so a spike up again after hitting the first targetarea but if you want a second target zone it should be somewhere down at the retest of the next major trendline.
THE PAIR HIT A STRONG RESISTANCE LEVEL. %50 RETRACEMENT?I TOOK SOME GOOD PROFITS OUT OF THIS PAIR BY GOING LONG UP TO THE RESISTANCE LEVEL. I BELIEVE IT IS NOW TIME TO GO SHORT AND CONTINUE MAKING MONEY. I AM EXPECTING AT LEAST %50 RETRACEMENT.
EURAUD 2618 on the Daily We have had our Double top and impulse leg down
if we see a retracement to the 618 I feel that pervious support could act as ressitance and see a move to the downside
EURNZD 2618 setupWe have had our double top, broken structure and have now had our retracement into the 618 area.
As with my idea on teh 4hr chart im expecting this to now see a move to the downside
EURUSD Possible 2618 on the Daily So have been looking at other possible ways this pair could move.
Now if we look at the Monthly Chart we have had our Double Bottom and impulse leg up and a start of a retracement. And will be looking for the 618 retracement to get long.
This idea is all speculation but just a look at a possible path to how we might get there. So from the 4 hr chart we have seen some bullish movement and I feel that we will see a bounce up to previous highs of around the 0.79064 level. This would give us our double top on the daily and for this to be a 2618 type trade we are going to be looking for that impulse leg down to the 618 level and then the bounce up.
As you can see with my trend line it shows where the 618 level on the Monthly retracement would be which imo would also be a fair assumption of where we could see this double top retrace to and then bounce.
EURUSD Possible 618 retracement 1hr / Bearish Cypher on the DSo looking at the current structure there is a possible pull back after the impulse leg down and opportunity to get short around teh 618 level which has shown signs of resistance before
Looking at the larger time Frames we have had a big impulse leg down and the 618 level on the ! hr chart would fall in line with the A to B leg of a Daily Bearish Cypher.
All speculation at this stage
