1) AB=CD pattern completion at 1.1960 (1st chance to short) 2) Possible BAT patttern at the same level -also a DT (2nd chance to short) 3) Break of 1st minor trend line (3rd chance to short) 4) Break and retest the mayor trend line - We are in an uptrend so maybe the pair to check the mayor trend line and continue upward Each trading setup has different rules...
FX:AUDCAD Safe Trades;
TP1: 618.76 TP2: 586.73 TP3: 554.69
FX:CHFJPY Sell the breakout, buy the patterns. Broken Structure; Nice cluster below the 127% extension: 61.8% of XC; 141% ext. ab; 161% ext. bc; This will complete an ab=cd pattern. Safe Trades;
Fun with Fibonacci! Fibo here, Fibo there, Fibonacci everywhere! I have found the 0.382 level important for change in trend. lets see how it will works
In my previous post on EURNZD i posted the potential of a big move in the coming weeks. After the breakout price is in a consolidation and it's about to complete a bullish ABCD pattern with D point at the broken long term downtrend. This pattern has great chances to start this upcoming rally. For my previous analysis on EURNZD click the link below this post..
We expect to a have a retest of structure, then up to our previous resitance, and then hit our target :)
Is this a possible AB=CD Pattern? The last structure to the left is back in May/June 2015. But we are not oversold, so I am not shure about this pattern. Maybe if we double bottom, there is a long opportunity. Thanks for your suggestions and kind regards, Funkymonkey
SHORT GBPUSD ON COMPLETION OF 2 GARTLEYS ON STRUCTURE, RSI IN OVERBOUGHT ZONE, COMPLETION OF AB=CD, HARMONIC MOVE, 127% FIB EXT, 1414% FIB INV
Potential Gartley and ABCD harmonic patterns to trade plus the completion area of gartley at a strong resistance area. Like if you agree and you're welcome to share your opinions.
Market is trading below a significant resistant since sept 2015 plus there is several possible patterns. In the red is a good area to go short. This market prediction is just my opinions. If you agree hit like button, or you can share your view.
USDCAD short Open 1.3650 SL/ 1.3751 TP1: 1.3521 TP2:1.3430 TP3:1.3353 TP4:1.3316
Here's a video of the breakdown we performed on the EURUSD in this morning's Live Trading Room www.youtube.com If you're interested in trading with me Live, check out our FREE 1 week trial. See you in the room! tradeempowered.com Akil Stokes Chief Currency Analyst www.TradeEmpowered.com
Selling third wave below one pip of wave (1). This trade is also valid according to AB = CD pattern.