Potential GartleyThe pattern is near completion and may reach D point on monday . Profit targets are on the chart .
Advancedpatterns
2618 sell tradeWait for price to hit 61.8% retracement level then sell and aim for profit target shown on the chart .
Buy inside a channelPrice is inside a channel and may reverse due to the harmonic pattern . Profit target is on the chart .
Potential Butterfly patternThere is time for the pattern to complete . Profit targets are on the chart .
Two potential patterns on USDJPYThere are two potential advanced patterns setting up on the USDJPY. The first one (Blue) is a potential bullish cypher pattern that has a D completion at 113.340.
The second one (Red) is a potential bullish bat pattern with a D completion at 113.160. Minimum stops for both patterns need to be below X, with target 1 at the 38.2 Fibonacci Retracement and target 2 at a 61.8 Fibonacci Retracement. As always, make sure to follow you plan.
Good Luck and Good Trading
A SOLID LONG TRADE ON EURCHF CONFIRMED BY ADVANCED PATTERNS!Hello traders,i hope everything is running according to your trading plan.
Without time to waste let's see the high propability long trades on EURCHF pair.
First of all we can easily see through the daily chart that we are in an uptrend especially when the euro attack started.
Lately we can see the Swiss Franc gainning a little room exploiting the recent relief rally that Euro has.
TECHNICAL OBSERVATIONS
1.We can see at the daily chart that we have a deep retracement to previous resistance that now is a support.
2.On the daily we have also an RSI indicator approaching 50 level which acted as support level a lot of times at this pair.
3.Now on 1H chart we have two bullish advanced patterns,first one is a bullish Gartley pattern and the second is a bullish Bat pattern.
4.On 1H chart we have RSI on oversold levels ready for a pullback.
5.We have also the Stochastics on oversold levels pointing a possible pullback.
6.We have previous price structure that agrees with the advanced patterns.
7.Price at the daily chart is above 200EMA favoring the long trades.
8.We also have the two bullish advanced patterns completions inside the resistance zone based on previous structure that makes this zone even more significant for a pullback.
9.Second targets (T2) of the two advanced bullish patterns coincide with the 200EMA of the 1H chart which usually acts as a magnet on those timeframes giving us one more confirmation for our trades set-ups.
POSSIBLE LONG TRADES
BULLISH GARTLEY FORMATION
ENTRY PRICE 1.1580
STOP LOSS AT 1.15615
FIRST TARGET T1 AT 1.16070
SECOND TARGET T2 AT 1.16220
BULLISH BAT PATTERN
ENTRY PRICE AT 1.15720
STOP LOSS AT 1.15615
FIRST TARGET T1 AT 1.1600
SECOND TARGET T2 AT 1.16180
THANKS FOR THE SUPPORT AND THE POSITIVE FEEDBACK!!
KEEP FOLLOWING FOR MORE PROFITS!!
HAPPY TRADING GUYS!!
AUDCAD 6th November Weekly Outlook Price has been respecting this descending channel for the past couple of months, we have see consistent lower highs and lower lows.
Price is currently in a region where it could re test the higher end of the channel, if we see rejection around the 0.97900 level we could then see a further downside imo to the 0.95280 level which is the fib inversion of the recent 0.618 fib retracement on the Daily. Price has crossed on the EMA's which leads me to think this may be a small correction on the lower time frames before a push lower. We also see a possible bullish gartley formation on the weekly/daily which would also complete in or around the 0.95280 level.
6 clues why i think NZDCAD could go higherHey guys,
i've written down some of the key reasons i'm willing to long this market. First, we have a daily Bat pattern that's been completed but that never reached its target level (nor broke the X point) therefore it's still valid. At that level we also have a daily structure (yellow box) that could act as support again. Ultimately, in the daily chart we can see some long wicks to the bottom together with an engulfing pattern showing some buying strength. This engulfing is also represented on this chart (4H) in the form of a rally that broke into new highs in the recent days, right after a double bottom. Given the case, it's a nice opportunity to trade the 2618 strategy that consists on buying/selling the 618 Fib retracement of the leg that breaks the double top/bottom's neckline.
Stops below the lows, targets as shown up here.
If you have any idea/comment, let me know.
Otherwise, see you in the next chart!
P.S. Sorry for the last 2 weeks without a videoanalysis but i was very busy. I'm sure i'll be back next week!
Bear Bat OppRSI is indicating a possible push to the overbought area and pattern is almost completely filled. I am looking for structural targets in the drop.
Bull Cypher OPPafter a Successful Bat pattern, I am looking to repeat it in this Cypher as this currency pair is currently in consolidation. Looking for indicated targets on structural levels.
Tiny CypherJust a tiny cypher on the 15m chart. Scalping the market. RSI shows overbought which is confluent with the pattern completion. Let's see how it unfolds.
EURZAR: Potential Bullish Gartley formation Here's an idea of a potential bullish Gartley formation on the EUR/ZAR in it's early stages.
Looking for the formation of the B to C leg with possible points for C in the region between 16.66014 and 16.88450.
Updates of this idea will follow as the market moves.
Do not follow this blindly; always remember to make sure that any trade made by you needs to meet your own personal trading requirements. If it does not
comply with your rules of trade, do not trade it.
Happy trading!
JP
Bull Cypher OppThe Pair is overall bullish and this Cypher will completely fill between 38.2% and 50% retracement of the impulse leg on the daily chart. There has been a break in major structure in the past so expect this pair to rally off of that structure; validating this Advanced pattern. The RSI is not currently oversold but the CD leg has a bit more to fill before the Bears exhaust.
Bullish Gartley + Bullish ButterflyTwo harmonic patterns formed at a strong support level and price may hit profit targets shown on the chart .
Bullish SharkPrice is at a strong support zone and may reverse to hit profit target shown on the chart .
Tough Bull Bat OppDue to the lack of enough adequate structure from past price action, this Bull Bat may have difficulty rising. Let's see how it unfolds.
Bullish ButterflyIf price reverse due to the pattern it should be considered as a correction to the down trend and price is likely to continue downward .
Bearish Bat PatternPrice reached a strong resistance level and price may reverse to hit profit targets shown on the chart .
Bullish Crab PatternPrice is likely to reverse due to the harmonic pattern and the stop loss should be minimal .
Cypher OppBefore this Cypher formed, I was unaware of it until the bat pattern below it did not result in a positive pip return. Sometimes smaller advanced patterns cannot be executed because of larger patterns engulfing them. Now, if the smaller advanced pattern goes in the direction of the trend that forms the larger one, you will be more secure in executing trades on smaller time frames. As you can see on the chart, the first bat pattern was successful while the next one was not because I was not aware of the larger pattern on the daily chart. Based on the RSI, the bullish momentum is not finished so a triggered sell limit order should be on it's way. I am looking for targets at structure. The first on being at the B Leg, following the next two levels of structure beneath B.
Bullish LeonardoPrice is testing a strong support zone and it may reverse to hit profit targets shown on the chart .
