Advancedpatterns
Hedge to reduce cost baseEURUSD is trading in an improtant resistance area of Elliott Wave 5 and Bat pattern. The trade does not develop and I saw a change of going long the Euro on EURGBP in order for me to reduce the cost of a potential loosing trade on the EURUSD. SInce the EURUSD is longterm with hgh profit potential and EURGBP is short with small profit potential, I will still make a siginifcant profit on the EURUSD if eventually is will pay out the way I suggested.
amba - advanced confluence possible long and short eyes on earnings next week there is a good chance for some long and short trades here. price has dropped pre earnings and bounced nicely off the 61.8% retracement and trading above its moving averages. a positive earnings report and we could enter long trades with targets around ab=cd, bat completetion where we can look for short.
LorbeerPattern coming up, >70% WinRate for this Adv Fib Pattern!I already opened a small short trade as price rests at resistance. In case the full pattern will not be triggered, I still want to make some profits.
Considering the short position on CHFJPY that is not moving anywhere since more than a week, I retain myself to add to many long assumptions to the japenese yen.
Price at Pivot. Pretty neutral...USDJPY is currently looking for direction.
A Breakout of the 112.12 high could trigger a pretty BatPattern. My track record shows an awesome 70% profit rate when it comes to this pattern, so I always get excited seeing one!
Or will traders push price below the May low to chase the April low? Time will tell either way, lets take advantage!
NZDJPY Gartley bearishAn advance pattern trading opportunity lays at previous highs and offer a great risk/reward trading setup.
It is also the ideal level to get positioned for the trendline break if it is to occur, althouth our trading rules for the trendline break indicate to sell after the break and retest.
With regards,
Michail Sideris
XAUUSD GARTLEY bearish patternGold just can't stop giving us clear advanced pattern trading setups!
It's time for a GARTLEY bearish pattern formation after the profitable confirmation of the '222' Gartley and Cypher earlier in the week.
The entry, SL and TP levels as in the chart.
Minimum Reward/Risk=2
With Regards,
Michail Sideris
When will the short fall come?I was waiting for the EURUSD to come this high to build a short position. Many arguments, Elliottwave + Advanced Pattern + Overbought indicate a fall for the next 1 or 2 monthy.
However, lookig at the 240M chart, price create a wedge or flag pattern that thends to breakout to the upside. Looking to enter the second part of my short position arond the 1300´s