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Bearrington

USDCAD... Are we going down??Price is clearly showing pattern of channel line rejections, we have had 4 so far. We also have some Bearish Hidden Divergence forming which could lead to a nice bearish leg down to test the bottom of the channel. It would also be a clear 3 wave correction pattern too! A lot of potential confluence to go long after the move down. This would also form a bullish set up (Bull 123)/(Bullish Gartley) Look for entries on the lower time-frames, preferably the 1hr. Stops @ or above 1.28969 #BearringtonTrader #HappyTrading
Short
by TraderChes
Bear 123 - 1HR TF - Short-term correction?What we have here is a SHORT position on NZDJPY (1HR Timeframe) My Bias : 1HR Setup was preceded with a Reg Bear Divergence PA showed a rejection of the 88.6 level, confluenced with a supply zone at 75.975 Missed WEEKLY and MONTHLY pivots at 75.03 and 74.0897 In the context of the Higher Timeframe: WEEKLY PA had been making new lows, however we have a Bullish CTL close DAILY also formed a 123 with P3 rejecting the 200MA and 78.6 fib level/88.6 fib fans i'm expecting the ride the wave down to the WEEKLY TL, to retest then i'll re-evaluate my position and look for potential LONGS #BearringtonTrader
Short
by TraderChes
POT WEEKLY GARTLEY PATTERN or ???PA may potentially form a Bullish Gartley Pattern. However I've identified two scenarios where action may be taken. For our Bull setup i've identified my reversal zone at about 0.70484/0.69796 confluence with (78.6/127.2) fib levels. However price may go to break the top of our previous high, only then will i wait for price to reach a nice supply area, either at the TL, 800MA or 0.81544/0.80353 supply zone. May potentially be looking for intra day shorts down to the buy zone
by TraderChes
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