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Pricepattern

EUR/JPY LONG TERM RALLY $$$E/J is ready for a long term Rally! We have just seen the turn around of the 4th correction at the low of the channel to Rally back to the high of the channel to complete the 5th wave impulse cycle. We currently see the 1st impulse and 1st correction of the 5th being completed and sitting at the 61.8 of the prior high and apex of Flag Pattern. We are looking for a long as soon as market opens! Wait for a candlestick formation and hold, stack orders during the pullback if you understand Elliot Wave Analysis and ride this to the bank! Analysis Breakdown... 1. Elliot Wave - Elliot wave states first correction (wave 2) reversal is at 61.8 and second correction (wave 4) reversal is between 38.2 and 50%, without exceeding wave 1. Currently the 4th wave has completed an AB=CD Relationship with perfect time cycle alinement for reversal at the 38.2. 2. Harmonic Patten - Elliot correction waves usually exhibit Harmonic Phi Relationships, as we see here price was pushed to the low to trap early buyers but perfectly respected our Channel and the 141 Extension of our prior swing high to complete the C Leg of a Bullish Cypher Patter. 3. Price Pattern - Bullish Flag pattern are common in Elliot Corrections and we currently see a perfect flag pattern sitting at the Apex on its 4th breakout wave, also in confluence with prior swing high at the 61.8 fib level! 4. MACD Signs - MACDs currently showing Price Convergence which is good for Long Positions and is exhibiting whats knows as "First Cross Trade" which shows when a pullback is complete and ready for next rally! . . . I regularly host Live Trading Sessions for hundreds of people 4x a week to enter in our trade opportunities, feel free to contact me to attend our Live Trading Room! Safe Trading!! PLEASE ADVISE: I deleted many Fib and Time Cycles to make the chart more clean. Enjoy!
Long
by Man-nyyQuinones
1
USDCHF - Prepare SHORT-A Good run of 30-45 days SHORT !!WE PICK USDCHF-SHORT !! A : We make analyse from Price Pattern , S/R lines & Trend Lines. Anytime soon this week we MIGHT SEE USDCHF & USDJPY Trending Down. IF this is so, it could be a very good ONE Month to a 45 Days Trend downwards, with 400 to 600 PIPS of POTENTIAL rewards !! B: At the same EURUSD, is hitting a Double BOTTOM, & Very Strong S/R Zone !! . A LONG Reversal of Trend is expected ! ANALYTICS: USDCHF : 1- USDCHF :MONTHLY-LIKELY Pin BAR Forming: 2- USDJPY : WEEKLY –S/R Zone & BEARISH Bar Forming / Breaking Of Wedge Line (Lower) : 3- EURUSD : Encountering Strong 2006/2015/2016 & Current 2018 S/R Zone & Trend Line Support. A move UPTREND is highly likely, as this pair has had a sustain run down !! EURUSD - WEEEKLY Chart : THEREFORE, conversely USDCHF & Likely USDJPY should see a DOWNTREND SOON !! For USDCHF - Will Favour & AWAIT a GOOD SHORTING season soon !! A: SUMMARY – Will Position for a SHORT !!. >DAILY Chart in DOUBLE TOP -Downward CHANNEL (WEEK)- Down TREND in formation !!.. B: This Coming WEEK Analysis: - WAIT for A SHORT Position 1- H4/H1 entry : WATCH for CANDLE Signal Bar / Watch for a PULL BACK to our Downward CHANNEL !! LETS have a GOOD SHORT USDCHF & USDJPY !! CHEERS .. Stay Nimble-TRADE SAFE !! Let the Market Do, WHAT’S It suppose to do !! Act & Trigger as and when Market Dictate, ie your SHORT ENTRY !!
by jeffreyysl
EURJPY - WAIT for a SHORT Below 128.999 A: SUMMARY – WAIT for a SHORT POSSIBILITY @ 128.999 WEEK CHART : 1-Last Thursday 0503 Make a Pull Back, probably now continue DOWNWARDS move!! >also @ 129.516 Zone of WEEKLY S/R >Price at DAY Channel & H4 Channel LOWER Band. DAY CHART : B: This Coming WEEK Analysis: >Look for a Breakout of Day & H4 Channel >SHORT below 128.999 / TP 150PIPS NB: 1-Price Lilely 1st Retrace UPTREND 1st before Heading south (Break Channels) 2-TAKING a LONG - TP approx 60PIPS is possible !! HOWEVER this TRADE will favor a SHORT-To WAIT OUT .. CHEERS .. Stay Nimble-TRADE SAFE !! - WAIT for PRICE to come to you !!
by jeffreyysl
USDCHF - LIKELY SHORT - Double Top Trade-Observe Price Action...A: SUMMARY – We Favor a SHORT-Do Observe Price Action on Monday 30/04 ! WEEKLY CHART – Price Heading Up (after Breaking Lower Weekly Wedge Line) >Price UP last 10 Trading Days >Heading to WEEKLY S/R 0.99898 B: This Coming WEEK Analysis: 1- POSSIBLE SHORT – To Observe PIN bar that is being formed. >Observe H4/H1 for possible Entry . Observe Price Action >1st Double TOP – Weak Formation !! >Price now at various past S/R support zone (See Chart) NB: There is a POSSIBLE Probability after Price Pull back it Might head towards 0.99780 (Previous High) / 0.99898 (Weekly S/R) Forming a DOUBLE TOP , b4 Crashing down again.. SO OBSERVE Price movement !! Cheers .. so STAY NIMBLE-TRADE SAFE !!
by jeffreyysl
Multiple Argument short entryPrice started to form what could become a H&S - Pricepattern On the 60M we see that the second Shoulder comes in form of Double Top. Not yet confirmed since the SwingLow of the DT is not yet broken but price gave us a CandlestickPattern on the second top. Since we are at major Resitance of higher timeframes I see an edge on the trading diection => short wich could complete the H&S and then privde further opportunity. 1. Short on speculating on a neck break of the H&S 2. Long on candlestick pattern at Support on the 60M, speculating that price bounces back to the neck line 3. Short again on the neck line speculating on a continued trend 4. Second short entry possibility on ShouldersRessitance
Short
by LorbeerInv