UPDATE: Target 1 Hit. Profits Booked on First Position. UPDATE 2: Target 2 Hit. Profits Booked on Second Position. 2 CADJPY Short Positions Triggered with a dip down below the 200 SMA on H1 TF. Fundamentals Recent OIL Prices Devaluation, Canada's Seemingly Recessive Economy and Risk Aversion Vibes are all factors that may contribute to a weaker CAD. ...
HI ALL, Here we have a nice bearish bat pattern completion at a very strong resistance level. we even have Triple tops here and another Top might be setting up. RSI very close to Being Extremely overbought. Stops above X TGT1 0.382% TGT2 0.618%
Hi all, Here we have a Bearish Gartley that might be setting up. D leg needs to complete at a 1.27% which also gives us a nice AB=CD pattern WE ALSO HAVE A NICE RISK REWARD ON THIS PATTERN STOPS ABOVE X LEG TGT1 0.382% TGT2 0.618% GOOD LUCK!!!
Update 1: SL was a little too tight. In reality SHort is still in play. SLs can't be moved on TradingView. Update 2: TP was hit at 121.423 Technical Factors: I like the Tweezer Tops on H4. The pair is currently trading below the 200,100 and 50 SMA. They are now dyniamic levels of Resistance. H1 has a number of rejection candlesticks off 122.900...
looking at previous Price range, we can see it has broken the channel and is now heading for a retest of that level ( blue line). Because we're in a long term bullish trend, chances are we will see a bounce at that level, as we will also have a finished bullish gartley pattern and a AB=CD if we would continue a little lower, not violating our X leg.
Might be difficult to get this ball rolling with a smooth start but in the event of a proper channel breach (pictured) and a solid daily close below 1.100 , there's about 550 Pips on offer till the March low of 1.045 if risk aversion truly kicks in, coupled with a rapid devaluation of the EUR. The EUR is currently a moderately risky asset to hold what with...
Inventories to Sales Ratio has been rapidly ascending recently above its usual levels of 1.3. It means that Inventories have been actually growing at a higher pace than Sales over the last several months! Savvy traders would be interested in watching this ratio as a potential risk indicator of the US economy. If the ratio continues to ascend at the current...
Dow Jones US Paper Index is likely to keep falling if price holds below 1st standard deviation from its quarterly (66 day) moving average. However traders looking to short the index should be aware of pullback risks if price to hold above recent lows at 157.5. Best short positions are to be found closer to the 1st standard deviation, now standing at ~163.5.
Dow Jones Transportation average risks entering a new leg of downtrend, if the price holds below the 1st standard deviation from its quarterly (66 day) moving average (now at 8382.9). Risk will be confirmed by the price falling below recent lows (at 8248.7)
EURUSD saw volatile trading sessions with H4 trendline break. Last minute Greek resolution would push pair upwards, stopping this position out.
As outlined in the previous posts at the beginning of the week we outlined price would drop then continue it bullish momentum up to our psychological target 1.2000. We have a bullish harmonic pattern with oversold on the stochastic. Waiting for the bullish candlestick confirmation. Safe stops would be below "X" and our first upside target being 1.12800-1.13000....
Have a bearish Crab formation with bearish candlesticks on the weekly time frame at key resistance. Our first downside target is 137.000. Once this target is met our next target would be 134.850 then 133.400. However, once each target is met PA confirmation is required to hold onto the positions. We have lower highs which represent bearish momentum. For day...
Can expect a retracement up to 100.350-100.500 on the opening of the market then a continuation to the downside to targets of 99.900, 99.400 then 98.750. Once each target has been hit PA must be analysed before keeping positions. However, on the opening of the market price can also continue to the downside without an retracement. We must wait for the opening...
Here I found a bat pattern developed and completed in the negative deviation range of the AUD NZD chart. my strategy suggests that the market will rally up into positive deviation before correcting for trend continuation. I have place my entry at point B to Verify reversal after point D I have placed my Stop at point X for the break below close below bust !...
Here we see a bat pattern forming in the Cad/ Jpy charts, it is likely that the pattern will complete, because it seems too close to the linear regression line to try to recross without some lower moves. once the pattern completes the market will likely reverse upon completion and rally back across the regression line reaching the 1.618 extension of BC. (this may...
VIDEO: www.youtube.com As promised, here is the EUR/AUD 4 hour trade that was entered today. Video about the trade is viewable above. Star Prosper Philip Stewart
Here we see a completed Cypher pattern on the Canada japan charts. The pattern suggest a continuation in downtrend and appears to be respecting the linear regression. I believe that the market will rally down into the 1.618 extension of the BC leg before consolidating again, or reversing. I have placed my entry at current market price, my stop is at the...
Here i see a Cypher Pattern on the NZD/JPY chart. And what i noticed, if you zoom out; on the daily chart there appears to be a crab pattern that has rallied as if it going to complete as suggested, but this Cypher pattern has me thinking that the market will more likely continue in downtrend and break the structure of the crab pattern therefore ruining that...