Cup and Handle?Large round cup followed by 50% pullback? Yes
Descending Volume Profile? Yes
Targets = Measured move and/or 1.618 fib and/or R2 pivot
more info on C&H here: www.youtube.com
Measuredmove
$nsc ready for next swing higher!upward sloping channel bouncing strongly off 50 day
breaking out of falling wedge-measured move is $8- potential energy to breakout out resistance area of 125.0x area
looking for minor pullback for a better entry for better r/r
rai inverse head and shoulder breakouthigher timeframe showing strong uptrend and excellent trend strength
intermediate timeframe showing trend alignment and showed the breakout of resistance area 67.0x area after completing inverse h and s pattern with strong positive volume pressure
measured move from head of pattern to neckline is a .55 move which should give projected target of 67.55 and extension level .618 at 67.8x area
consolidation in this previous range should provide enough momentum and relative strength has room to run
setting stop underneath breakout candle in case of a false breakout move
audjpy gartley set upnice 1 to 1 measured move ending at gartley completion. If you want to enter aggressively do so at completion of the pattern. You can also look for the rsi to be over sold near completion. If you are move conservative you can look for a double top w/ rsi divergence .
EURAUD shortPrice didnt respect the last resistance level, so aiming for 1.463x area for new short. Would also complete the measured move.
AUDJPY - Position TradeMonthly perspective for a possible sell trade. Position trades are usually held for months and even years.
Personally as I Swing Trader I don't hold trades this long, but it gives me more confidence when taking short positions on my timeframes.
GBPUSD Under Equilibrium: The Measured Move ConceptSorry been a bit busy lately. Have been in this short, didn't take the time to pin the idea here. I wanted to magnify the measured move concept here (after the fact yeah I know). But really it's because it helps find a point out of your trades or (if you don't want out) at least help identify where we are in the larger perspectives.
For those still short, I would highly advise not to move the stoploss down too far. Price could rally to the Equilibrium and slightly above. Thanks and good luck!
NZD/USD 30min measured move and 240 min CypherPrice is starting to break down 240 min chart. On the 30 min we have a potential measured move. I'm looking for price to retrace back to the .382 fib (.70451) and then continue to the 1.618 fib ext to .6980. The measured move from the .382 to the 1.618 ext is exactly the same length. Also, the .382 fib level has acted as former support. I would have my stop just above the .618 at .7070 to give the trade some room to develop. The Cypher on the 240 min chart is still valid has well. If price closes on the 240 min above .69843, the Bearish Bat is still valid too. Good luck trading out there.
EURUSD - Strucuture Trading+++ Don't forget to LIKE & Follow+++Here are my thoughts about EURUSD on 4H.
Price failed to make a higher high higher close above previous minor structure(red line) and if you drop 1 time frame lower you will see a Double Top with RSI being OB on the right Top + bearish divergence - nice trading opportunity for shorting EURUSD. If price goes higher you can take the opportunity for hopping on the bearish move.
If you look left price made a NSH - this NSH confirmed a bullish rotation in price on 4H, so currently I'm looking where I can go long. There is equal measured move(orange lines) that is completing right at previous zone(look where is NSL). There is 1.618 Fibo Extension too - that is almost perfectly aligned with the measured move.
I will be waiting for RSI to go in oversold condition and then I'll be looking for entry reasons based on my trading plan. You can wait for a Double Bottom with stops below structure level(NSL) and target previous minor structure.
Good Luck!
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ETHUSD AB=CD Measured Move?Seems like a logical place to take profits. One may also wait for a close outside of the current price channel as confirmation to sell.
long at 552.50 with a P/L ratio of 3.59 (measured move)long at 552.50 with a P/L ratio of 3.59 (measured move). Next phase of moon cycle
NZDUSD Long. Measured move, "stairway to heaven"NzdUsd has been in a uptrend since late september of 2015.
Recent weeks priceaction broke a KEY resistance area and price looks to be in a "stairstep pattern" with equal moves up and down.
So IF price repeat itself 1 more time we should have a good risk vs reward setup on our hands.
Order: Buystop at 0.6812 Stoploss: 0.6750 TP: 0.7045
1 : 3.45 RvR
Possible transition mid-term from bearish to bullish trendShort term - Short bias
Long term - Overextension and possible transition/reversal
Price looks a bit overextended on the weekly chart with a strong 2 bar reversal on the daily chart.
Momentum on the other hand is still in favor of the bears so another sell at the measured move objective around 1.89000 is clearly justified as long as we stay underneath 1.90000 on a daily closing basis.
But I think this pair is due for some bullish correction long term so if we see some strong bullish rejection from the 1.86000 area I am open to buy at this area with stops below the last swing low.
Measured move objective (ABCD) coming in at major supportSteadily gaining since the end of last year, this pair has recently broken through a key resistance level around 0.79000 after putting in a daily breakout pattern.
The swings on the 4 hour chart are very harmonic and even in size. They are increasing in time though. If we get a weak pullback into the zone around 0.79000 which lines up with the measured move objective for the pullback I am looking to go long with my first target around 0.80000 even and second target at 0.80800.
Trend strength increasing, False break/ABCDPotential false break above 127.000. Sellers quickly managed to push price back below the level.
The bearish trend seems to increase in strength and looking at the measured move objective we could get a substancial bearish move if the false break manifests.
I would only look to short around 127.000 if we see a weak pullback into the level. If the move into the level is strong and impulsive the buyers may be making a new attempt to break through the level.
AUDCHF Weekly Wedge gearing up for potential break!AUDCHF has been forming a nice wedge pattern on the Weekly. I know that a break of this wedge may not materialize for a couple weeks, but who knows - if it breaks, however, we will be ready.
The measured objective may be off by some pips, so please make your own measurements and take your trades based off of your own strategy.
Trade idea - waiting for possible break of wedge trend lines and then I will share my directional bias and look for trades at that point.
Safe trading everyone!
USD/CAD ready for a nap?Bonjour,
Our members had a great trade in the USD/CAD for the past two weeks ... and we've been following it up for quite some time, milking pips out of the market the whole time. But is it poised for a reversal? Well, the charts seem to corroborate that thesis ...
Most instruments that have completed a measured move (I view a 92%, and above, a completed move) needs to be re-evaluated before entering a new position. Remember that there "health" of this pair is still fine if it retraces to the 50% fib level before continuing its upwards trajectory.
Until then, we'll sit patiently on the sidelines and wait for the perfect opportunity to enter another trade.
À bientôt
Maxmillian DuPont
(www.myfxlifestyle.com)
GBPAUD - Head and Shoulders Pattern Confirmed, Get ReadyGreetings Fellow Traders,
I posted just a few days ago about a key technical level on GBPAUD for a short opportunity that could lead to a Head and Shoulders Pattern confirmation. At the end of Tuesday's trading candle the market confirmed the break by closing well over 100 pips below the neck line.
As with all very significant breaks of support and resistance we are looking to gain an optimal entry on this position by waiting for the market to retest the significant level. Patience is key.
Head and Shoulders Patterns typically have a measured objective that equals the distance from the neck line to the top of the 'head'
Trade Opportunity:
Sell Limit 2.06800 or Manual Entry
Stop Loss 2.10000
Target Profit 1: 2.0250
Target Profit 2: 1.9750
Target Profit 3: 1.9250
Additional Details:
The market needs to respect the neck line that has been identified, look for a daily close ABOVE 2.0740 to negate this pattern. It is perfectly acceptable for the market to spike into this territory but CLOSE lower. The CLOSE of the daily candle is the significant factor.
Please do your own analysis before entering a trade. If you like what you see feel free to comment, follow or "like"
EURCAD - Descending Wedge 4 Hour Chart - Pending BuyGreetings Traders,
In correlation with our anticipated USDCAD move...I've spotted a descending wedge on EURCAD that is trade-able.
Due to the nature of the peaks however, to avoid any false breakouts I've set the following trade:
Pending Buy Stop 1.43550 - Or Manual Entry Along SUPPORT
Stop Limit 1.4250
Target Profit 1.4640
Straight forward trade, as I mentioned above the peaks for the top of the wedge are kind of sloppy but uniform...it was almost 2 acceptable lines and we're in between both of them currently. If the market should move much lower before hitting the Buy Stop for a new high, I will be looking to manually enter a buy at 1.4240 (or wherever the support is at that time. 100 pip stop loss and same take profit.
Please do your own analysis before entering a trade. Feel free to comment/"like" or follow.
EURGBP - Descending Wedge - 1 Hour to 4 Hour Long OpportunityGreetings,
Fairly simple trade Descending Wedge - These patterns typically break out counter to the trend that preceded them, with their measured objective at the first peak that started the trading pattern.
Entry Point at Market - .7141
Target Profit - .7240
Stop Loss - .7090
Please do your own analysis before entering a trade, and feel free to comment, "like" or follow!
AUDUSD - Confluence of measured moves to 0.74 levelsMeasured move targets of the triangle + the rectangle range
Bear flag targets of 127.2% and 161.8%
Keep an eye on 0.7665. A bounce above this level will infer that this analysis is invalidated. A bounce back to 0.7665 on break out to the upside should result in exiting the trade at close to 0 loss.
FOMC due on Tuesday, so apply money management and be aware of the volatility.
AYI measured move up to $180?AYI initially caught my eye from the daily price action. The March 2014 resistance has been retested and is now support. Price is above the $150 half figure. And yesterday's breakout bar was very bullish on higher volume.
On the weekly chart the inverted head and shoulders also stood out as a reason to go long on this stock. A measured move would take price to above $180.
However, I am not confident that the right shoulder is correctly placed. At first glance it seems an ideal formation - the second shoulder is higher (preferable in an uptrend) and the neckline is sloping up (also preferable in an uptrend). But looking at volume the second rally was down on volume, which is not what we would want to see. This leaves some doubt as to whether the measured move is valid.
Overall, this is a buy opportunity (although I will not be trading it due to the thin volume) but a target of $180 is not realistic, at this stage.
