Simple move to the upswing and then we can expect a retracement back down and but before it begins its bearish decent, we can sell our LTC and buy back when it is low to increase holding size... been a while since ive posted, so lets see how this one pans out...remember guys dont try and predict the market, your not a time traveling God, but you can observe and...
Sorry guys, I am in a hurry. We have room to go higher and the price refuses to go lower, putting a descending wedge at structure.
Here are my Thoughts for the coming weeks. Lots of good Fibonacci confluence, to many levels lining up to be ignored imo. So to start we have some basic patterns forming Bullish Flag, we have had out impulse leg up and come back to the 382 retracement which lines up with previous structure resistance which could turn support. The flag could do a, a,b,c,d...
This Pair is currently in a stong Bullish trend which will most likely continue, however i feel we will see an outside return soon. I can see we have 2 possible advanced Patterns forming on the Daily timeframe. A Bearish Gartley is possible, D completion does line up with some previous structure which could act as resistance, however this was broken last time....
Folks... If the price breaks and closes above the price range, then we have an uptrend. Probable factor is that it will stay below the green line and takes it as a resistance and continue with the cypher pattern. If the price holds the same signature as portrayed, then we have a winning trade., good luck, Regards, Hearty
So 2 things im looking at the will coinside with each other First a Bullish Bat has formed off the back of the Bearish Gartley pattern so although we have passed the D point looks like we are coming into a previous level of support. so risk has been reduced and offers a good RR for this pattern to take the trade 382 and 618 targets. If we do see a rise the...
382 and 618 targets 2 trades SL on both 134.662 when 382 target hit on trade 1 will move stop to break even on Trade 2
Non-Farm was lower than the last month (see last gold post) and we have filled our buy targets right on the money as Gold is now struggling as Fib extension 161.80% with a failed break and close below this level Friday. Gold has scope to go higher however it'll need to close above Friday's high to confirm this. Right now any failed re-test of the blue zone is a...
Ben watching this Bearish Flag take shape and as it stand sits currently bouncing inside this channel. If we are looking at possible places to enter I would be looking at either a break down below the trend line on the higher time frames or a possible rise up to the 618 area and then look for bearish structure to go short. As it stands I called it wrong and...
Double top as Highlighted, Broke structure and now waiting for the outside return. Got my order set for entry at 131.37 Stop Loss at 131.75 and Take Profit 129
Weekly chart fighting with 0.2 Fib. Strong resistance line combined with past structure. Very likely to hit resistance and go down again. GL
A Cypher forming on 1 Hour chart EURGBP, CD leg bouncing off previous structure with RSI favoring a long position. 3 targets to previous structure levels until the completion of the CD leg. The stop loss is placed at the 1.414 extension of the AB leg since, if broken, that would invalidate the pattern.
GBPJPY broke downward trend from previous months. Hitting 0.7 Fib, retracement back to structure line which from resistance becomes support and then up again. GL
So having watched this pair for a good couple of weeks, we have come back up into a previous area of support / ressistance We are oversold on the RSI and because of this I feel we may see a drop back down to previous support. I'm short at 0.78483 with a tp target of 0.77063
This is basically an addition on my previous publication on this pair confirming the setup and adding additional reasons, building the case why we might see a reversal here. Previous published idea : Agree with this idea ? Thanks for giving me the thumbs up by clicking the like button. Have another view, have questions, comments ? Feel free to share it...