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PRZ

EURGBP: Break and Ready to SellSooo, we have a very nice breakout on FX:EURGBP after a long term retests of the structure level @0.7240. As we see price has broken the structure and it is more likely to retest it and then fall down. And there is a good opportunity to sell at this level. I assume price will reverse somewhere in red zone and our targets will be somewhere in 0.7176-0.7146. So keep an eye on this reversal zone. Avto_T Green Luck ------------------------------------------------------------------------ ATTENTION: Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information and reserve your seats my friends! Follow me and be the first to enter our world! Pre Launch Survey Fb Group Twitter
Short
by RCP
GBPUSD: Monday SetupHello Traders! Today we have a very nice long setup on FX:GBPUSD It is a pure structure based buy opportunity. So I am waiting the price to go @1.5484 and retest the structure support and then go long all the way up until the next structure. Here we have very nice fibs condluence: 1. 38.2 right at the structure level; 2. 61.8 little below from structure. So this zone will be the reversal zone where price might reverse and rally up. As we see we have a very nice R/R as well. Avto_T Green Luck ----------------------------------------------------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information and reserve your seats my friends! Follow me and be the first to enter our world! Pre Launch Survey Fb Group Twitter
Long
by RCP
16
EURAUD: Get Ready for Big MondaySunday Morning Traders! What we have for Monday is a very nice long setup on FX:EURAUD So we have a nice bearish channel and inside the channel nice ABCD pattern which is more likely to complete somewhere in the Red Zone with the confluences of: 1. Fibs extension 1.272; 2. structure support 1.5581; look left and check this level. 3. channel edge right at these levels. If the price enters this reversal zone we buy EUR. Out targets are somewhere at the channel resistance level @1.5870 wit the confluence of fibs 0.618 and support level @1.5818. Keep an eye on this setup. Avto_T Green Luck ---------------------------------------------------------------------- ATTENTION: Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information and reserve your seats my friends! Follow me and be the first to enter our world! Pre Launch Survey Fb Group Twitter
Long
by RCP
WW T2 Achieved: Now Short on Wolfe Wave, Bat & ButterflyEURJPY has achieved Wolfe Wave T2 (attached below) and is completing a series of bearish patterns in a confluent reversal zone. On the longer TF, a 1.13 projection of 0X lies at the top of the PRZ. There are also bearish bat and butterfly patterns completing in the area of a Wolfe Wave SELL zone. Missed pivots lie below price which may also drag down price. Entry in the middle of the PRZ with targets at the 1-4 WW target line and the .618 allow for a R/R of about 2.5. Confluence in the PRZ: 1. Bearish Bat Completion 2. Bearish Butterfly Completion 3. 3.14BC 4. 1.13 0X 5. AB=CD 6. 3 bc Projections 7. Bearish Wolfe Wave completion Thanks for viewing and don't forget to take a second to hit the thumbs up and follow for future updates and more trade ideas. Comments welcome! Long on Wolfe Wave: Long on Bullish Crab:
Short
by glennmercer
EURJPY: Pattern and StructureHere is another setup on FX:EURJPY We have a very , very nice shorting opportunity. There is a very good structure @137.04, look left for more confluence. Besides the structure we have a completed bearish bat pattern. I suggest to go short at structure as the market has upward momentum, and according to my analyzes the structure must act like a wall. Our stops go above the resistance and profit targets go around the green zone. Avto_T GL (Green Luck) ----------------------------------------------------------------------------------- ATTENTION: Very soon, the best forex services will be available for you traders. Our team is working hard to satisfy your needs. We give you the opportunity to choose between the best brokers in the industry, with the confluence of analyses and investigation of our experts’ team. Our team will be ready to guide you through each broker you are interested. And many more friendly services and atmosphere will be available only for you! And of course the best service ever, we do offer you a so called “Big Deal” service, which you have never faced before. Reserve your sits my friends! Follow me and be the first to enter our world!
Short
by RCP
USDCAD: Big move, after the Big TriangleHello Traders! Today FX:USDCAD is on my radar. Here is a very nice shorting opportunity. At last the price has broken a big triangle, found support @1.3175 and forming a flag pattern, and this means that market is going to fall even more. We have 2 opportunity to go short: 1. Sell around the PRZ, 2. Wait for the market to break the flag and support, retest it for more confluence and then go short. Avto_T GL (Green Luck) ---------------------------------------------------------------------------------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Our team is working hard to satisfy your needs. We give you the opportunity to choose between the best brokers in the industry, with the confluence of analyses and investigation of our experts’ team. Our team will be ready to guide you through each broker you are interested. And many more friendly services and atmosphere will be available only for you! And of course the best service ever, we do offer you a so called “Big Deal” service, which you have never faced before. Reserve your sits my friends! Follow me and be the first to enter our world!
Short
by RCP
6
Short USDJPY: Possible Wolfe Wave & Bearish Cypher -TIGHT PRZUSDJPY is forming a possible Bearish Cypher pattern, potentially ending in the territory of an optimal Wolfe Wave SELL zone. If price reaches this level I would expect a quick reversal as this area is highly confluent with multiple key levels of interest. Stop loss can be placed above S/R with a target at .382CD. Confluence in the PRZ: 1. Bearish Cypher Completion 2. 1.272BC 3. 2AB=BC 4. Possible WW Reversal Zone Follow for updates and trade ideas
Short
by glennmercer
1
Sell GE: Wolfe Wave & Bearish Crab - Perfect Confluence!GE has completed a bearish crab pattern in the optimal sell zone for a short Wolfe Wave trade. There is significant bearish divergence in addition to an overbought RSI which add to the bias toward the short side. Two missed weekly pivots sit below price as well, which may help drag the price down. Stop loss can be placed above a significant S/R level while maintaining a substantial R/R. The higher probability target is the .382 retracement of the xa leg at 25.24, but a more aggressive trader may chose to target the 1-4 target line. Confluence in the PRZ: 1. 1.618 extension of XA (bearish crab pattern completion) 2. 1.786ab=cd 3. 1.618ab=cd 4. .886 XA 5. 2bc projection 6. Overbought RSI 7. Bearish divergence Follow me for more updates and trade ideas!
NYSE:GEShort
by glennmercer
Buy OPK: Bullish Bat Complete at Psychological SupportOPK has completed a bullish bat pattern at an excellent support level. Price is showing clear signs of respecting the tight and confluent PRZ and may begin to reverse toward the upside in the next couple of days. The company has strong fundamentals with Phillip Frost's outstanding track record in biopharmaceutical innovation as its backbone. PRZ Confluence: 1. Bullish Bat Completion 2. 3.14BC Projection 3. 1.886AB=CD 4. 10 dollar psychological support level T1 is set at .382XA and the unhit monthly pivot for September, 2015. T2 is set at .618XA, confluent with a missed pivot cluster.
OLong
by glennmercer
NZDUSD: Structure is a Big MagnetGood Monday traders. Here is the first setup of the week. We have a pure structure based shorting setup on FX:NZDUSD . The market is moving in the wedge currently and I am waiting the price to enter the Red Zone and fall all the way down. The reversal zone is between the structure resist and the fibs 61.8 with the confluence of look left structure. We should wait the price to enter the red zone, retest the wedge and then go short. Our targets will be next support levels: Target 1 @0.6284 and target 2 @0.62547. Also note that we are still in a bearish market. ---------------------------------------------------------------------------------------------------------------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Our team is working hard to satisfy your needs. We give you the opportunity to choose between the best brokers in the industry, with the confluence of analyses and investigation of our experts’ team. Our team will be ready to guide you through each broker you are interested. And this is the only beginning. Many more friendly services and atmosphere will be available only for you! And of course the best service ever, we do offer you a so called “Big Deal” service, which you have never faced before. Are you confused, interested what it is? Reserve your sits my friends! Follow me and be the first to enter our world!
Short
by RCP
EURUSD: The best pair to tradeOn FX:EURUSD we have very nice structure based setup, which is in my radar today. Currently I wait for the price to retest the structure support @1.1244. We have a nice confluence of Fibs 38.2 right at the support level. So I look the price should finish the correction in the red zone and then rally up to the next structure level @1.13518, where we have fibs confluence of 1.272. So, look left and see the structure for more confluence and the bearish divergence with OB -------------------------------------------------------------------------------------------------------------------------------------------- ATTENTION : Very soon, High cashback service will be launched for you traders. Follow me, in order to be informed as soon as we are ready to offer you the best and transparent rebate services from leading forex brokers. Besides, you can PM me which brokers you would like to be under our list. And reserve your sits, before the launch of the service. -Every Cent Counts-
Long
by RCP
2
EURUSD: BEARISH ABCD PATTERN WITH GOOD RISK TO REWARD ON 4 HR !!Hello Traders, Here we have a VALID BEARISH HARMONIC ABCD PATTERN on FX:EURUSD , that recently got completed. Note that since the market is currently at the completion point for this pattern, this trade is considered to be ACTIVE now. The overall short term 4 HR trend is to the downside, with the market coming back deep into PRZ , giving us a nice shorting opportunity. The stop loss for the ABCD pattern is placed 10 to 20 pips above the 161.8% Fib extension level, which also allowed us to hide our stop loss just above the PRZ. The Risk to Reward is also favourable, 1 to 1 for the 1st target. See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Short
by moneymaking
22
USDJPY: Wake up, and go shortI wake up, did some analyses and found out this perfect opportunity on FX_IDC:USDJMD Completed Bat pattern at the PRZ zone with the confluence of: 1. Fibs 61.8 2. Structure resist 3. Daily R1 We have very nice R/R targets: Target 1 with 1/1.95 RR and Target 2 with 1/3.4 RR. I want to mention that X leg is located in very strong resist zone, which gives us more confidence to get involved. So traders, look through your edge and get in accordingly. -------------------------------------------------------------------------------------------------------------------------------------------------------- ATTENTION: Very soon, High cashback service will be launched for you traders. Follow me, in order to be informed as soon as we are ready to offer you the best and transparent rebate services from leading forex brokers. Besides, you can PM me which brokers you would like to be under our list. And reserve your sits, before the launch of the service. -Every Cent Counts-
Short
by RCP
1
A long legged doji in the PRZ of the bearish Crab?Aggressive entry I took almost the high of this potential long legged doji with a Shark113 short @ 2.1000. I consider this level as the higher zone of the PRZ of the bearish crab. I will post another logchart with all my trades within this PRZ of the bear crab. Testing Thus far, each level of the PRZ has tested: - XA 1.618% extension / BC 2.618 extension - BC 3.0% extension For more information about my predefined PRZ see: Reading the chart Now if the daily candlestick closes as a long legged doji, I will read this candlestick as bull weakness: The bulls have tried to overcome this PRZ, but the bears hold their line at the 3.0% extension of BC. At the end of the day, none of sides has really won. However, since this potential doji started off with a gap to the upside, I think there is some bull exhaustion. Setup Since I'm already short with the Shark pattern aligned with the 3.0% of the BC extension of the crab PRZ, I've used my regular stoploss of 1.414% extension of OX of the Shark. But, there is a nice reward if you're patient enough to hold these positions overnight. I'm targeting the 38.2% retracement of the CD leg of the crab as my first target. My second target would be the 50% retracement. Entry: 2.0878 SL: 2.0190 target 1: 2.01915. risk/reward: 1:3.24 target 2: 1.9930.
Short
by Mikoxl.
9
AUDUSD: a Bullish Bat with an oversold RSIWe have a Bat pattern finishing on the 30M chart. Price already tested the PRZ (and overshot it a little, but could still stabilise and reverse nicely) and the RSI is clearly oversold. When defining the PRZ for a Bat pattern, we look at the projection of three harmonic levels. I: the 886 retracement of XA, II: an extended AB = CD pattern (in this case 1272 AB = CD) and III: the BC expansion (in this case 2000 BC). It is common for these harmonic levels to converge closely, defining a precise range. In this case, the three numbers define a clear zone of harmonic support, represented by the orange lines in the chart. If this pair follows “the script”, price action (PA) will stabilize and reverse. Once we see PA reverse convincingly, we will enter the trade. SL goes 10 pips behind the next relevant support level (X). TP1 = 382 retracement of AD and TP2 = 618 retracement of AD. There are potentially 120 pips to be made and the reward – risk ratio of this trade is 3.0.
Long
by JazzForex
NZDUSD - Bears handing the pair to Bulls While the daily chart on the pair does not show any signs of the direction of the pair, dissecting it into 4 hours time frame gives a beautiful price action. The pink rectangle shows a potential reversal area of the pair going back to June of 2013. This may probably give us a chance to keep looking at the pair, what gives us a little more reason to take a position for the bull run in the pair is the price action. The purple lines at the top and bottom of the consolidation shows that the prices have made higher highs and higher lows indicating the sellers are getting stopped in their tracks. The price action has also entered the reversal area quite a few times. What's special about this part is every time the pair has entered the area, a huge bull bar has brought the pair up and the pair hasn't been able to make a lower low following the bull candle and also, currently the pair is resting outside the reversal zone. What more? Taking a look at the price action inside the eclipsed area, the first circle has a 1hr bull candle which has kicked out nearly 18 hrs of consolidation on the pair. The bears have been unable to beat this candle with the pair requiring nearly 9 hrs to trace back 100% of this move making a double bottom in the reversal zone. After the consolidation, the pair has slowly made it's way outside the reversal area and once the pair made it out, we again see a large bull candle with two more smaller ones following it. Now this is just 3 hrs of price action and the pair has taken 10 hrs of price action following this to trace about 90% which doesn't bring it back into the reversal area. What this price action tells us is that the bears are being absorbed by the bulls at higher prices in the market struggling to make a way back down and the bulls are already buying out the pair at higher prices. The double bottom and the following two higher lows may actually tell us that the pair is almost in its last stage of consolidation before heading up. Probably a good place to catch the most of the bull run.
Long
by PavanKulkarni