Oil look's great too....Been watching oil closely this days, so won't be surprised if oil reaches 80 or 42.....
Three Drives
TRADING LOG ENTRY #15 AUDJPY SHORTThree Drives pattern formed, I predict that a head & shoulders is going to form, there is also divergence on the MACD. There are 2 supply zones that will act as higher probability entry zones. I might scale into the position using both of the entry locations.
Let see how this plays out Gold looks clean on the daily chart.....
In which if u look at the daily chart seems creating a double top which might move to the downside and looking at it also it might move to the upside
GBPCHF up in the long termThree drives
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
TRADE LOG ENTRY #5 EURJPY SHORTThree drives, as well as a double top formed, touch of significant trend line on weekly.
LongPlease this is not an Elliot wave count... parallel Channel formation here with a three drive formation.
ADABTC Shortterm AnalysisThis is the first idea i'm publishing.
I'm glad to tell me about my mistakes.
Hope you enjoy it.
Good luck.
GBPUSD Topped alreadyGBPUSD
Entry Price = 1.34476 til 1.35153
Best entry point is neck line
ST = 1.35950
TP1 = 1.30950
TP2 = 1.27730
good luck!
SLAP YOUR SELF, IF YOU SOLD YOUR BitcoinCash this levelsLooks like altcoins recovering. But truth is, they can't pushing self to new ATH in $.
You loose with altcoins in btc or in $$ value.
Reason behing is margin trading with btc, and selling low volume coins after long accumulating before mainnet for a nice profit in btc before next btc pump begins.
margin trading with btc doesnt making it attractive, it's more likely monday casino.
Now we are on a cycle where bch will start a parabolic run up to 600-1000$ range in coming months.
good luck all
Bullish AB=CD Pattern: A very profitable setup (Example)The bullish AB=CD is a measured move down chart pattern except that the turns are located using Fibonacci ratios.The pattern correctly predicts point D 57% of the time. By using the next higher Fibonacci ratio in the measure rule, you can boost the accuracy somewhat, to 65%. What Is an ABCD Pattern? Reflects the common, rhythmic style in which the market moves. A visual, geometric price/time pattern comprised of 3 consecutive price swings, or trends—it looks like a lightning bolt on price chart. A leading indicator that helps determine where & when to enter and exit a trade.Why is the ABCD Pattern important? include the U.S. Dollar (USD). Helps identify trading opportunities in any market (forex, stocks, futures, etc.), on any timeframe (intraday, swing, position), and in any market condition (bullish, bearish, or range-bound markets) All other patterns are based on (include) the ABCD pattern. Highest probability trade entry is at completion of the pattern (point D). Helps to determine the risk vs. reward prior to placing a trade. Convergence of several patterns—within the same timeframe, or across multiple timeframes--provide a stronger trade signal.
BTCUSD Three Drives Pattern - Downtrend ChannelBTCUSD Three Drives Pattern - Downtrend Channel
Follow the channel till it breaks
15M look inside the 1hrHere is how I can see 3 bullish drives
1. W formation with a higher second bottom
2. Points 4 to 5 looks like bullish consolidation to me. Especially if we drop to .78 - 88% as mentioned 3 ideas ago.
I like using where price open/closes with 2 opposite candles when I use my lines.
I think this is a more accurate when u use the medium horizontal price of an average calculation between tops and bottoms.
This idea represents LONG. As you can see we are trying to break out right now on this 15M chart 4 to 5 leg
CAD JPYPrice has formed AB=CD pattern.
Has made initial push downwards after reaching support level.
Divergent on RSI.
I would be curious if it sets up a 3 drive pattern.
Two take profits identified of support and trendline, each gives 1:6 and 1:10 risk reward if place correctly.
Gold: Bears in Control Towards the End of a Consolidation PhraseRisk has been coming off for the past few weeks as the US-China trade war cooled down and Brexit is getting closer to a real Brexit.
The gold has tumbled its way from a previous high near 1520 since last Friday and through the current week.
While we expect gold to fall further, the 1480 region will still provide some significant support which is likely to be the final test for the bull to rally.
But if the bull fails to rally or sustain, 1480 shall be broken and a great extension of a bearish movement will come about.
On the other hand, the dollar may strengthen again during the upcoming FOMC, whether a rate cut will happen or not.
This is because the market has already priced in a rate cut and therefore a cut will no longer cause the dollar to weaken, and if the FOMC decides to hold, that's still going to be bullish for the dollar.
In conclusion, traders can focus on selling the gold for the next 2 weeks (should it turned out the way as described) but keeping in mind that the long-term outlook for the gold still remains bullish.
Oil on buyOil on long...
And it's likely for it to break the horizontal ray....
Just for educational purpose...
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