ON
Current view on EURGBP (intraday)Short term intraday review of current possibilities
On a 1H chart we have a bullish pattern
Divergence with a current oscillator confirms the reversal pattern on a 1H chart, what gives support to momentum traders, and can possibly give a momentum to the price movement.
Price is At weekly pivot
However, I will look look for Bearish PA patterns to begin with at 0.7150 due to intraday trend direction
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade.
It happens because I’m reacting to a current market conditions, as big changes are starting with small.
Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments.
Your likes are much appreciated."
EURCAD Short term current viewShort term intraday review of current possibilities
On a 1H chart we have a bearish chart pattern
At daily pivot
Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 1.4435
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade.
It happens because I’m reacting to a current market conditions, as big changes are starting with small.
Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments.
Your likes are much appreciated."
(repost) GARTLEY PATTERN W/ POTENTIONAL HEAD AND SHOULDER.Goodmonring,
I've been watching this pair for a while now. and i posted a potential trade 7 days ago ( )
If the price come's to Point D of the gartley pattern i will go short on this pair.
on that point it could be the right shoulder of the head and shoulders.
Lets see where the price is going!
Good luck this week.
Best regards.
ON Day Trade Perfect Gap N Go (Brad Reed Apr1,2015)ON expected to open at 11.42 for a Perfect Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
EUR/USD CrabCrab with 2.24AB=CD (the 1.618 is way far behind to be at any importance) , 3.14BC projection and 1.618XA extension in the PRZ. SL @ 1.07. The RiskReward ratio is good standing at around 3.7. Since the RSI show such an oversold state I would personally execute the trade right after it touches the D point. Another important thing. Since the high volatility this friday we might have a huge gap which might invalidate the pattern but we will see how it plays out.
That's all, folks.
OBV Triangle and it's price equivalentI drew a triangle based on OBV's 50 hour moving average (orange),
and mirrored the triangle on price.
Red and green areas are 80/20 % overbought / oversold zones.
At this moment we are in the overbought zone so you can try a short here.
I expect a big move of ca. 50% after price breaks out of the triangle.
Targets:
Upside: 333-375
Downside: 130-90
Cheers : ]
-- PS: Here is the pine script code for the OBV indicator with moving averages: pastebin.com