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AUDUSD nice confluence!Hi guys, just wanted to share with you this analysis i've made on AUDUSD. All this starts from higher timeframe, if you take a look at the daily chart, you'll understand that price is at a decision level. The yellow box actually represents the daily structure zone that price is testing. So the first thing i want to see is that price is at a structure point, then i go into details searching for reasons to go short/long. In this case you can see on the 4hr chart we have an AB=CD pattern already completed at a psychological number (0,7500) together with a 382 fibonacci retracement (of the bigger daily leg) and an RSI divergence. In conclusion, i'm waiting a little pullback in order to get a better entry and therefore a better risk to reward ratio. Hope you like it! If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
EURNZD has to decide where to go! Will it break or will it hold?Hi guys, just wanted to let you know that i'm watching attentively to this pair, since price is testing a very important structure level that acted as support and resistance many times in the past. As of now, i'm looking for weaknesses in order to short the market: notice that we're deeply in overbought condition and price is testing a psychological number (along with structure) so any other candlestick signal would make me sell at market. Nonetheless we should be ready to change our mind if price breaks the structure yellow zone so that we can take advantage of both the situations. Never be unprepared! Think ahead! I'll keep you updated. If you want to share your standpoint, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
EURUSD buy opportunity Good morning traders!! I just got long EURUSD. However, there is something important to note here. I believe that this pair will at least test 1.0621, but I don't know if it will do so from here because it could also do it from the lower level. In other words, if this trade fails, I will be ready to look for an opportunity on the lower level of structure. I got long on that huge pin bar at structure. Hopefully we will see some momentum to the upside.
Long
by GasperiniGS
2
GOLD: Potential Bullish Cypher (Sorry forgot to hit long)Here's something one of our traders found yesterday in the live trading room. It's a potential bullish Cypher formation on Gold. If you continue to scroll the chart left you'll see that the completion and retracement level as a whole comes at a pretty decent level of previous structure support & resistance as well. (Wish i had a cool name for this but I call it a "Polar Flip" If you have any suggestions let me know) I don't personally trade gold, but I am a longer term investor in this hard asset metal so I would also welcome a bullish move. FUNDAMENTALS We had a great ADP number yesterday which is typically a precursor to tomorrow's Jobs number. The March interest rate hike has already been priced into the markets, but some great numbers could leave clues about the next hike.
FX:XAUUSD
by Akil_Stokes
31
EURJPY: Where Previous Support Turns to Potential ResistanceAfter breaking down from a 2 month consolidation. The EURJPY is now returning to the level that at one point proved to be a significant level of support. After the violation we are now looking for this previous level of structure to potentially flip and act as resistance, offering a bearish trading opportunity with a very positive risk reward. On the right of the chart are the 3 potential levels of profit taking that we discussed ranging from the conservative to the more aggressive. My apologies for being absent, but between a rough start to the trading year and the launch of a new course, sharing on Trading View was a very low priority. Hopefully as things start to slow down towards the spring & summer, I can return to positing more consistently. Either way i appreciate your continued support as we have a GREAT community of traders on this site!
Short
by Akil_Stokes
15
Gartley pattern at market at Daily StructureHey guys, as you can see above in this pair price has recently created new lows, breaking structure to the downside. This tells us that price wants to go lower, therefore we can look for shorting opportunities at structure level, such as the broken support that should act as resistance once it was violated. In this zone it happens to be the D point of a Gartley formation that provides a nice short entry. Stops above the X, targets as usual for patterns. If you have any question, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
EURJPY: Nice structure and long opportunityWhat a nice structure at FX:EURJPY … Three sell-offs of almost exactly same length. As the last candle was an indecision candle, I'd suspect a great opportunity to go long. First retracement stopped at 0.5, the second was fully bought back before the sell off continued. In my opinion it's targets T1 at the 0.618 retracement of the last move (RR 1:2.3), T2 at the 0.5 (RR 1:3.3) and probably T3 at the 0.382 (RR 1:4.2) which is also last weeks S2 pivot. Only the resistance between 0.786 and 0.618 might be a problem? What do you guys think?
Long
by xela75
Are We Breaking Out?Here on the GBPJPY we have a very big triangle pattern that appears to be breaking out. No if you don't trade breakouts, missed the breakout or just want a little more confirmation, you can wait for a pullback and then enter on a simple trend continuation style trade. Now minimum stops need to be above the previous swing high, and you can take targets a multitude of different ways. Even with the conservative targets I have here on the chart, you are still looking at more than 500 pips of potential profit. Now the risk:reward ratio is still very good, but make sure this meets your risk profile, because GBPJPY has a high ATR and it can have some massive stops. If you would like to see the video I just put out on this setup along with a couple of other potential setups, here is the link: youtu.be As always, Good luck and good trading.
Short
by tommyb35
AB=CD completed right at Daily StructureHey guys, very simple trade, price has completed an AB=CD pattern on this pair, right at the most previous structure level. Also, it has created a nice long wick to the top candle that closed as engulfing, with RSI overbought condition in our support. Waiting for a little pullback in order to short the market and get at least a 1:1 RR on the first target that would be placed on the first AB=CD target (at the 382 retracement). Stops above the highest highs. Good trading! If you want to share your standpoint or ask questions, feel free to write below. Otherwise, see you in the next chart!
Short
by Roker1
Possible LONG on this pair with bullish Cypher ConfirmationIt seems we have a probable LONG trade possibility on this pair, based on the following factors: Elliott wave count suggests a wave 3 has almost been completed and is on the last price action through to the wave 3 target. Pattern structure has been broken for a small upwards move (to target 1 and/or 2) before it continues downward. Stochastic suggests a possible downward move, however looking at previous performance (around the 7th to 10th of February) seems to suggest a possible upward move before a downward move. RSI suggests more upwards movement before a downward move. Additionally, we have what seems to be a BULLISH Cypher harmonic pattern forming, confirming an upwards move, where I have marked 2x targets. First target is at a channel trendline and the second target is at a conservative cypher pattern target. Either target could be hit, prior to a downwards move towards the completion of a wave 3 count. ---------------------------------------------------------------------------------------------------------------------------------------------------------- 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. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by UnknownUnicorn661419
4
2618 on EURNZDHey guys, this evening i'd want to share a setup that i will closely look at in the next few hours and probably on Monday opening. This is a 2618 trade that's forming on EURNZD. If you're not familiar with this kind of formation, it basically consists in selling/buying the 618 retracement of the leg that breaks the double top/bottom's neckline. Essentially it should be a conservative way to trade double top/bottom after the confirmation of the reversal (break of structure). This analysis also aligns pretty well with higher timeframe analysis: on the daily price has created a new structure low (bearish trend confirmation) and it's now back retesting a 4hr structure level (black line) that could stop the price's rally and starts the new downtrend movement. This is what i look for when trading: additional higher timeframe confirmation! It's very important to have bigger perspective. That's why i'd split my position in two parts in order to follow the bigger trend in case i'm right. The first position should be taken at the retest of the new low. Stops above the highest high. If you have any question, feel free to comment below. Otherwise, see you in the next chart! Have a good weekend!
Short
by Roker1
2618 on Gold! Ready to short!Hey guys, i've been watching closely to gold lately and i've found out that it basically respect structure like any other pair i'm trading. So i've decided to apply some analysis to this instrument in order to give you my particular view about it. The black line represents a daily structure level that i pointed out last week, after the first test price action fell forming a double top that has been recently broken to the downside. This means my bias is now short, and this may be the startinig point of a new downtrend. In order to hop on the trend with a nice risk to reward ratio, i've outlined two "Killzones" where i'm going to pay attention to candlestick formations. The first one is the double top's neckline and the support that's been broken ultimately, thus it's considered to be the first possible turning point. The second one is the 2618's completion that you could take as a trade alone. My conservative style of trading tells me to wait till i see a weakness signal on price action. Good luck! If you want to share your standpoint or ask questions, feel free to write below. Otherwise, see you in the next chart!
FX:XAUUSDShort
by Roker1
Flag pattern on EURGBPHey guys, another simple pattern on my radar today. This time i'm right on time because the break has just happened. You can see the big impulsive leg that broke multiple structure levels on the 4hr chart. Like i said on the previous idea usually after impulses like this price put brief form of consolidation like flag, triangles and pennants. You can trade in two different ways: the first is to sell the close of the breaking candle, but in this case in order to have a better than 1:1 RR you have to set your target1 below structure (maybe lining up with 1.27 extension), the other way (the one i'm using) is to wait for a pullback and then sell as soon as you get a 1:1 RR at the retest of the lows. And then maybe you can split your position and take target2 at the extension. It's up to you. Feel free to comment below if you want to share your viewpoint or ask some questions. See you in the next chart!
Short
by Roker1
2