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Three Drives

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
BITSTAMP:XRPUSDLong
by AschraM
1
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.
FX:XAUUSDShort
by AlgoVenture
GBPUSD Harmonic Cypher Patter with 3 Dives TAOn my most current analysis, I see the formation and predict the completion of a bullish Cypher pattern @ 1.23708 as seen on the hourly chart. Also, as confirmation of the completion of this patter there is a three dives pattern forming which is another bullish pattern. The strategy is to take a short position to completion of the pattern and then enter a buy limit for the bullish move. Price action will then retest the major support at 1.25270. OANDA:GBPUSD
by joshe606
Buying Eur/USD againEUR/USD has been flirting with 1.099 support for 2 days and I have just bought a position at 1.09915 with TP 1.12. I see two bullish candles on W1 chart and I do not see any reason not to buy. SL is below 1.092 and target should be reached fairly soon as we have been consolidating above 1.092 for 3 weeks already and it was not broken. The other reason for buying is an RSI divergence on H1 chart and price is coming from an oversold levels there providing a reason for a fast advance up. Simple trade 1 position, 1 TP. No other choices, IFs or Buts.
Long
by Erland
1