Get started

Three Drives

EUR/USD - Three DrivesHello traders, following up from my previous post on EUR/USD with a bullish BAMM setup (chart is shown below), price is now forming a bearish three drives pattern on the 4h chart. Price completed the 2nd price drive at 1.23 and we're now beginning the 3rd price drive which I plan to capitalise on. You will need to pay close attention to price action and candlestick formations in the current area for the perfect entry point. A clear break and close below the trendline would indicate a move lower, therefor invalidating the pattern. This is a great trading opportunity with almost 1:4 risk to reward. Thank you all for your continued support, don't forget to add me on social media :)
Long
by LewisGlasgow
60
CHF/JPY - Three DrivesHello traders, this is an early prediction for CHF/JPY which I will update as the trade progresses. Today we have a potential bullish three drives pattern on the 4h chart with several trading opportunities, long and short! Price has now completed the 2nd price drive at 1.44, but it could drop to a maximum of 1.618 therefor altering the entire pattern. I'm going to trade this differently, rather than waiting for the entire pattern to complete I will be going short from the 0.618 or 0.786 retracement level. To back up the price move we have a valid AB=CD within the three drives structure, with a similar amount of price bars although the time completion is slightly off for the C to D leg. As always, trade safe everyone.
Long
by LewisGlasgow
NZD/USD - Three Drives (Confluence)Hello traders, following up from my previous post on NZD/USD with a bearish cypher pattern (shown below). I have now spotted a bullish three drives pattern that aligns with the D point of the cypher and it looks insane! This has opened up an opportunity to trade with over 1:4 risk to reward, I'll be selling upon the breakout of the trendline. Do not forget we have the FOMC rate statement on the 1st of February and NFP on the 3rd of February, this provides additional reasoning for a 600 pip move. As always, trade safe everyone!
Short
by LewisGlasgow
31