Patterntrading
OH LOOK A BUTTREFLY! :)Can't believe that you bunch of retards are betting money when you see butterflies on a screen. But hey, who cares as long as it works. This is it, now you should be selling EUR/PLN. You're welcome.
Symmetrical Triangle on XAU/USD @ D1A symmetrical triangle has formed on XAU/USD @ H4. It offers a bullish breakout trading opportunity. The triangle is marked with the yellow lines. My potential entry level is marked with the cyan line. My potential take-profit level is marked with the green line. I will set the stop-loss to the low of the breakout candle (not shown).
Bullish Pennant on XAU/USD @ H4A bullish pennant has formed on XAU/USD @ H4 and offers an upside breakout trading opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is marked with the cyan line. My potential take-profit level is marked with the green line. I will set the stop-loss to the low of the breakout candle (not shown).
Ascending Channel on AUD/NZD @ D1The ascending channel on the daily chart of AUD/NZD presents an opportunity for a bearish breakout short position. The channel's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. The stop-loss level is to be set to the high of the breakout candle (not shown on the chart).
RIPPLE XRP - Market Progression - LONGRipple has made 2 breakouts from structure and is on it's way to perform the first part of a wave 1 impulse wave.
Through wave one we should see 3 impulses in total and 2 consolidations/corrections.
See my previous analysis back on the 14th of March 2018 (almost 7 months ago).
Although current pricing, to some inexperienced amateurs, may seem like it is reversing... it is not !
The pricing is still within the consolidation zone, as I've marked on the chart. You can see the current price (at the time of writing) is still 8 cents above the low. The level count on this current move is Level 1, and should confirm this once the high is broken, possibly within the next 1 to 3 days.
'TDI' (Traders Dynamic Index) shows that the 'RSI' (Relative Strength Index) is currently at 59 and is close to the center of the bands, where I'm expecting it to bounce again for the next move to Level 2 and Level 3, before the first correction as Elliot wave 2 begins, at around $1.40. Sure it could be lower and it could be higher.
Most likely when Level 1 confirms (means it will break the previous high), it will be a bigger move than from Level 3 'PFL' (Peak Formation Low) to the previous high, thus passing the 80 cents mark. Patience is a virtue as well as removal of emotion, especially in trading. Let the market play out, don't listen to FUD, there are a lot of XRP/Ripple haters out there, I don't understand why, especially if the coin can make you money.
XRP is the only coin, thus far, to have a solid company behind it, has been in development longer than BTC and has a solid business model with contracts signed and already customers using the technology. It costs peanuts to transfer XRP, unlike BTC or any other coin, XRP is faster transfer than BTC and has a real world use, currently with several banks, many more coming online daily, which will ultimately help push daily volume into the trillions. XRP currently has 2nd place in coinmarketcap and I am expecting it to increase even more to eventually take over 1st place. Binance.com has reported yesterday, that XRP volume has surpassed BTC volume, therefore it is only a matter of time until XRP will be the number one coin with the biggest market cap. It will make holders of XRP a huge amount of money, what could be bad about that.
Don't be an amateur, be a professional, look at the charts, understand the charts and act accordingly.
Obviously, nobody can tell the future and trading is a game of probability based on previous structure, fibonacci measurements, experience etc...
Sure anyone can disagree with my analysis, but don't just say you disagree, show me your analysis. However don't be surprised if I don't reply, I'm not interested in debating with people, because it seems Teamviewer is full of trolls and altcoin fanboys who treat trading and crypto coins like barracking for football teams. I'm a professional full time trader, I live from trading, I make money from trading. I don't care about the name of a coin or currency pair, I just care about making money, and I make a lot of it because I know what I'm doing.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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Silver bullish set upFX_IDC:XAGUSD
We have just gone long on this one after the completion of a bullish gartley.
The short term trend is bullish,
And at moment of buying the RSI was over oversold meaning all systems are go.
Let's see how this will play out.
$ACWI Looking Like It Wants To Go HigherATHs on the way? Looking for rectangle break and confirmation on close.
Bullish Pennant on GBP/CHF @ D1This bullish pennant formed on the GBP/CHF @ D1 offers a bullish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. I will set the stop-loss to the low of the breakout candle (not shown).
EURUSD BUY As we can all see, this a bullish pennant potentially forming. Price is currently at a very strong Support Line, so we'll be looking for bulls to be taking charge very soon.
You can drop down to the 1H/2H or even the 4H for a strong Confirmation to be buying (INTRADAY TRADES). However, if you're like me.... You'll also enter at the break and retouch of the bearish trendline for this will be a very high probability trade.
As nothing is promised. If price does decide to break bullish . We'll be looking for a retest and looking to be selling. However as price is still over the 20EMA on the monthly timeframe I'll be expecting a bullish break.
Ascending Triangle on GBP/NZD @ W1A mix of ascending and symmetrical triangle on the W1 chart of GBP/NZD is offering a bullish breakout opportunity. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. I will set my stop-loss to the low of the breakout bar (not shown on the chart).
BTCUSD - Long-Term Potential Gartley Pattern but DON'T DO THIS!I'm not a Crypto trader at all, but if you follow my work then you know that I like to stay sharp by performing technical analysis on random charts. (Which is a very good exercise that I recommend by the way).
Here on bitcoin is a potential Bearish gartley pattern. Typically I don't pay any attention to these pattern until price approaches the "B" leg, but I figured I'd share a longer-term idea today.
Now before you ask NO! NO! NO! You should not have the mindset of "well Akil since we know it's a gartley, shouldn't I just trade the C leg up in advance of the D completion?" NO! A POTENTIAL Gartley is just that, POTENTIAL. There is absolutely nothing that says the pattern will actually complete, so unless you have another reason to buy which happens to line up with the pattern projection, then you're doing nothing more than throwing money at the wall and hoping it sticks.
Akil
Inverted H&S on EUR/USD @ H4The inverse head-and-shoulders pattern on H4 chart of EUR/USD offers a bullish breakout trading setup. The pattern's borders are shown in the yellow lines. Potential entry is at the cyan line. Potential take-profit is at the green line. Stop-loss is to be set at the low of the breakout bar (not shown on the chart).
Ready For Long Positions on the AUDCADI am looking to go long on the AUDCAD at current market price. Targets set at 1.01650 area. There is a great potential for this trade, good luck everyone.
Symmetrical triangle on EUR/USD @ D1The symmetrical triangle on the daily chart of EUR/USD can be used for a bearish trend continuation setup. The pattern's borders are marked with the yellow lines. My potential entry level is at the cyan line. My potential take-profit level is at the green line. I will place my stop-loss to the high of the breakout candle (not shown on the chart).
OMXS30, 4H - Potential Shark patternOMXS30 continues to be bullish and are looking to face two resistance levels ahead.
First one is at the level of "X" in the pattern, wich is strong nut we Do see some tests just above lining up with the top of the Sharks PRZ.
Expected reaction from the Shark is a 38.2% Fib, but often we can see a pullback down to 50% where w, in that case, have a 5-0 pattern comming up.
Interesting time ahead for the Swedish OMXS30.
EURCHF, 1h, AB=CD and potential ButterflyIf we start by looking at the underlying trend we are on a daily basis in a bullish trend BUT we may have a "Bearish reversal" - that is, a turn is in progress.
It is not yet confirmed there though. At the current time resolution (1h) we do have a confirmed.
Both of these tell me I should be careful about taking extended goals and also handling my trades aggressively.
A "AB=CD" pattern has just been completed along with RSI Divergence - which in itself may be enough for some to take a trade. But since we have a Butterfly pattern just below, I chose not to take this trade - partly because of that but also considering the possible downward trend that has begun. (I rarely choose to trade against trend).
Awaiting further testing of the entire PRZ and confirmation that we get a direct response before I possibly take a trade myself.
ALWAYS do your own analysis.
CADCHF, 1h, Bat patternIn a fast move this Bat pattern became complete while I was drawing it. :)
I only await confirmation to take a trade.
SL at the appropriate ATR or Fib level above X.
Targets: 38.2 and 61.8.
However, I recommend that you be careful before entering this trade when the bar that made the pattern complete was very "strong".
This usually indicates that a continued bullish move may come.
USDNOK, 1h, potential Gartley patternWe have not really passed the B point for what appears to be a Gartley pattern of USDNOK yet but, close enough.
Looking at higher timeframes, we are more or less in a consolidation, no real trend to talk about.
Awaiting test of PRZ and then confirmation of reversal.
