Short-pattern
EURCHF-SHORTPotential Short on this pair- Keeping it basic here and going with a breakout (clear breakout, nothing corrective) and a retracement to this previous support.
The confluences I'm looking for to take this trade are this to retrace to a fibonacci level, the fibonacci level to correspond with a level of previous structure and a bearish candle close on the 2HR or 4HR.
🤑GBP/JPY -BULLISH ABCD PATTERN Completes BEARISH CYPHER PATTERN🤑⭐️CHECK THIS OUT!!!⭐️
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CHANCE OF DOUBLE ENTRY...😱
WE JUST OPEN A LONG POSITION RIDING A NICE ABCD PATTERN TILL PROFIT AND THEN OPEN A SHORT POSITION (WITH 2 TARGETS) TO RIDE THE COMPLETATION OF A BEARISH CYPHER PATTERN.
WE HOPE PRICE HITS ALL 3 TARGETS 💰💰💰
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AUDUSD SellMore confirmation to me of a short potential on AUDUSD. Triple/double top (however you see it) gave me my first indicator, proven supply area in the purple box playing out, and formation of H & S pattern on the right has meant I've placed a SELL Limit.
SL placed 2 pips above the last high spike, entry placed at the start of this hourly candle, and TP giving me a good R:R ratio of 2.2/2.5 or something to 1.
If my order doesn't catch then I will look for entry on a shorter timeframe once we break the H&S, and adjust my SL to where I think the H&S pattern would prove incorrect.
Let me know your thoughts.
CAD/JPY: Short entry triggeredHey guys,
Just wanted to share the trade I took this morning, it's on CAD/JPY.
I have spotted a strong divergence on volumes as price was going up.
My short entry was triggered and I am targeting now the bottom of the structure.
Even though we are above the cloud on higher timeframes I believe the pair is overbought and is currently pullingback.
We've got high impact news this afternoon so I don't think I will keep the trade if it doesn't reach my target by then.
*** Trade at your own risk ***
BTC about to drop for further continuation ;Generally a breakout in the price momentum ( whatever the indicator being used ) signals early buy/sell stages of both breakout side . Moment of truth for that famous ascending triangle published so many times among crypto space participants .
If btc indeed breaks out for further correction, it is all about droping for rebouncing even higher than before its decrease .
No worries for bulls team in the long run for sure .
Take it easy, it's all good !!
First target: Recent swing low. After that, who knowsNot financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!
Like I said on 27th Jan. Future is not looking so bright. I wish safety, health and well being to you and your families. ✌️❤️🙏
Regarding this trade opportunity. We already broke down out of this possible bear flag and have come back up and retested (QE infinity and beyond) Who knows, with short term news we could retest again and form divergence for an obvious sell signal but....... future is (s&p/Dow/nasdaq) not looking so bright.
Check out bitcoins possible future moves in ‘related ideas’ below. Fractal is 40% complete
If you liked. Leave a like.
SILVER RETRACING BACKHello Traders ,
It does seems like we're making some sort of bear flag or a continuation pattern for sell. Selling the breakout wouldn't be a bad idea.
Go ahead and check the related ideas below mine and you'll find previous analysis on XAGUSD.
Good luck and trade with care.
1.50% RISK
ShortI am not so much expert but what I can see here that it is changing from flag up pattern to triangle one also towards downwards. I think from 1479. It will start falling for long term because it will break out the pattern or it will go beyond if it breaks 1502 resistance which usual one for short term. but my best suggestion goes for Short Term. Rest is upto your guys. If you like my idea then Hit up. Please suggest your views as well. I analysed on H4 and Day chart.
JPYCAD week 6-7 trading plan. Bearish. w5 PROFITS!Overall
on week 5 JPY was one of the weakest among pairs.
CAD was dominant
Therefore I expect bearish market and short.
Weekly
Exhaustion candle = short
Daily
It was bull market then exhaustion candle = short
4H
Bearish market.
Open Short
ENTRY 0.01930
SL 0.012191
TP 0 .011365
RR 2.24
SPY Pattern Analysis - The Magic Ratio 1.865, Plus or Minus .01"My problem is that I have been persecuted by a (ratio). For the last few months this (ratio) has followed me around, has intruded in my most private data, and has assaulted me from the pages of our most public journals. This (ratio) assumes a variety of disguises, being sometimes a little larger and sometimes a little smaller than usual, but never changing so much as to be unrecognizable. The persistence with which this (ratio) plagues me is far more than a random accident. There is, to quote a famous senator, a design behind it, some pattern governing its appearances. Either there really is something unusual about the (ratio) or else I am suffering from delusions of persecution."
Dry humor aside - in comparing various inflection points and critical resistance boundaries of the SPY during the 2008-2009 recession and today's 2018-2019 "correction", I've identified one particular ratio that haunts my analysis. To be precise, 1.865 +/- .01 has appeared, without fail, at seemingly each and every corner - at every major toss and turn - of the present market. By simply dividing the daily lows or highs of the matched "reference points", such as 22 Jan 2008 and 26 Dec 2018, a ratio could be found - in this instance, ~1.8552381. When applied to the reference points shown in the chart above, we end up with a list of similar numbers:
293.94 157.52 ~1.8660487
280.40 149.68 ~1.8733298
233.76 126.00 ~1.8552381
260.70 139.61 ~1.8673447
Very interesting, isn't it? A tad off our usual fib 1.618, but nothing too difficult to work with.
By averaging the four reference points we have gathered, we can then determine a "working estimate" of ~1.8654903.
Apply this ratio to the next potential turning point in the market - for example, a local bottom at 131.73 on 07 Feb 2008 - and voila: a target estimate of ~245.74.
A range could be estimated as well, using 1.865 +/- .01 as the upper and lower boundaries. For the same example, the estimate target range would be 244.42~247.06, presenting a gap of 2.64.
Will this work to pinpoint exact dates or price targets? Probably not. Is this a potential fractal of human nature? Possibly. Either way, it presents itself as something potentially significant.
I recommend you to trade like you drive - safe and steady in a Benz or wild and out in a convertible roadster. Regardless, the wheel is in your hands, not mine.
Quick profit: BTC short = 2.8RBTC price still hovering near the high of it's bull run from last Thursday on the 12th.
We've had a break and hold above the yearly downtrend channel and created a bearish Flag pattern.
If we look closely we can see price consolidating and failing to close higher and thus a 1hrly Head and Shoulders pattern has forming horizontally along the Bearish Flag Pattern were the lower channel of the bearish flag pattern is acting as resistance suggesting a short for BTC. BITSTAMP:BTCUSD
We have a clear target of 7500; 50% of the Fib from last Thursdays surge which lines up nicely with previous highs and lows confirming a decent support and resistance flip. Nice easy conservative target with a risk reward of 2.8 your initial risk. Not bad for half a days work.
See you on the flipside.
Entry at 8130
Stop Loss 8350
Take Profit 7500
= 2.8R
"Play the Market, not the Game"