I'm looking for a further move down after this potential retracement.
Price action could just be possibly retracing and we could potentially see a further move to the downside.
This week we have a 2nd advance pattern that i have discovered on the charts. the 1st one was a bear bat which i did not get a chance to publish. Lets see if we can get filled.
Hey all, Been a little quiet in the markets lately for me with my patterns - but as long as were not forcing trades that's completely fine. Seen a potential Bat pattern here on NZDUSD that's still a while from completing, however I always like to draw them on early so I can easily see them later. I will become a lot more interested if the green dotted line...
Hey all, Heres a recently completed Bat pattern we were entered in Long this morning. This completed just above the 88.6% completion zone so you may or may not have been filled on this depending on your broker and spreads. Will be looking for a usual push up to a 38.2 and a 61.8 retracement of A-D. We've started to make a move in that direction with some buying...
Hey all, Potential Bat pattern here with the underlying trend. Gives us a good Risk Reward based on a 113% X-A stop loss. Targets are a 38.2 and a 61.8 retracement of A-D - Cannot complain with 1:2.5 to target 2. Pattern still needs to push a little lower until it can be considered valid though so will be paying attention to it later today and if not the start...
good day everyone we got here a potential gartley pattern formation showing a buy position after a new structure high targets as per the showing
Hey all, Been watching this Potential Bat pattern for a while now. Recently we have had a break of structure to the upside indicated by the break of the first green box, and we are now retracing back down into it. I would now be expecting the market to again make a NSH into the bat completion zone, before rolling over for some profits. If we get up there that is...
Hey all, Been watching this potential Cypher pattern for a few weeks now on the 4H chart. The C-D leg cannot decide if it wants to head towards the completion point or not. Until the C leg is broken however this is still a valid Cypher. Given the recent shift in trend I would be expecting a move up the upside, however following your rules always comes out on...
I apologize for the sloppy chart but this was the trade that I recently discussed in my Forex market Preview video & didn't want to erase anything just yet. (Link to my youtube page is in the "signature" box below) But essentially there are two potential trading opportunities that I have my eyes on for this pair. A potential counter trend trade (SHORT) if the...
Hey traders, take a look at the USDCAD and you'll see that we have 3 Advanced Gartley Formations showing up on the chart. I'm already long the higher time frame pattern formation in yellow. but for those who are not, be sure to keep an eye on the potential bearish & bullish setups that may complete today. NOTE Today at 10:30am We have Crude Oil Inventories being...
Potential Advanced Bat Formation setting up on the NZDUSD which would complete close to the 72 cents even handle. Higher timeframe analysis on this pair causes me to predict a bearish Continuation down to our lower level of structure, so this would be an opportunity where the trader may want to consider looking for extended targets.
We saw this earlier in the week on the DAX, but chart above features a completed 2618 trade that is now looking to potentially complete a bullish Advanced Gartley Formation down at the .9957 level. This type of trade represents a perfect example of when to use a "Stop and Revers" (SAR) in order to liquidate the remained of the original positions and immediately...
Not too much on my Forex watchlist so I took a few minutes to scan through a few other markets just to get the eyes warmed up for today's trading (going off of Charles Warroom Topic of "hitting the trading gym"). Price action on the DAX typically works very well with my style of trading so I love performing analysis & making predictions on it. What we have is a...
Typically a rally is what i would expect from this type of falling wedge formation, however because it's in the middle of nowhere the bullish move isn't on my radar. What would be on my radar is a move back up into previous structure support which could potentially act as support now looking for a continuation to the downside.
As always I like to spend sometime fine tuning my chart reading skills by performing analysis on pairs outside of my trading portfolio. Here on the NZDJPY we have a potential bullish bat formation along with a potential abcd pattern lining up at previous structure support.
Looking at a potential head & shoulders buy set up on the AUDCAD coming into a structure filled level. We also have a 61.8 fibonacci retracement with HTF confirmation at that level as well. Certainly a trade I'll be keeping my eye on tonight and tomorrow for a change to get long. Syndicate Members: Tonight's video will be discussing this opportunity. Akil...