Three Drives
3 Drives plus DTThis is a good chance to short either we hit double tops and the three drives pattern. First tp 2.82 send 2.55
nice flag + channel structure on gbpusdThis pair seems to be forming a three drive pattern as drawn in the chart.
Very nice and clean movements !!!
First short to 1.2310 and then long for 1.2440 !!!
Short - on three drive completionWatching - This is a follow up to the weekly bullish three drive trade i shared which has now pretty much completed on target, which gives us a good chance of a short at this level please see linked chart for analysis. My overall stance remains bullish but we could see some profit taking around here and get that gap closed up at least.
GOLD/XAUUSD Bearish 3-Drive and Bearish 5-0. Min target 1210Bearish reversal on gold. Lower TF entry short min target 1210 for a Wolfe Wave. 1180 for 3-Drive
Long-term Gold - Gap hunting.Confluence with multiple methods of TA.
Volume shows strength.
Moving Average 50 with -50 offset is the best indicator of trend when paired with structural analysis.
MACD crossing bullish; big divergence and continuation signal.
Bullish Channel established.
This is not a buy signal, this is strategy testing.
GBPUSD H1 Three Drives Pattern Possibilityconvergence of
1.272 projection of this swing
1.128 AB=CD
a possible 3rd Drive leg
3 drives pattern is coming to town?
Potential Three Drive BTCHope to sell here tp at 1.618, buy then to .888 retracement, EMA 150 in 4 hr chart mark here in red is great support, my expectation is to have a bounce down here and complete the 3 Drive,
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!
NZD-USD (60min): Bearish Gartley Pattern (potenziell)Hallo Freedom,
Aufgrund des übergeordneten Three Drive Pattern im NZD-USD (daily) jetzt der Short-Einstiegs mit folgendem Einstiegssignal.
Bestätigt wird das Einstiegs-Level des Gartley Pattern durch einen harmonisches AB = CD Pattern
Leistungskennzahlen findet ihr im Chart.
Trefferquote liegt bei etwa 56% und nicht wie im Chart fälschlicherweise angegeben bei 69%.
Viel Erfolg!
(4h) 3Drives Bearish Pattern with Bearish Butterfly @ 141% extFX_IDC:EURUSD
- Shorting the ABCD Pattern Retracement
- 1.07204$ previous structure;
Safe Trades;
GBPUSD Bearish Cypher + 5th Wave ExtensionLooking for the GBPUSD to make a reversal here. A perfect Cypher wouldve been at the 78fib, but the Order Block is up here. Looking for a 5min ICT reversal pattern
NZZ/USD SELL SetupThis chart shows Sell setup for NZD/USD will give you small sell setup till 0.71423
Final wave in USDCAD triple three correctionBuy FX:USDCAD into potential wave C to complete triple three correction and form a three drives pattern @ 1.3830. Still, might not complete this one as it looks too perfect to materialize :)
Buy 1.3170
Stop 1.3140
Target1 1.3430
Target2 1.3670
Target3 1.3830
ABCD & THREE-DRIVE EXPLAINEDHi Traders,
Please find below three basic trading strategy's that can be implemented to any market on a daily basis.
I have only given out basic information on the ratio's and fibonacci's of the two strategy's, should you need anymore in depth information don't hesitate to contact me.
ABCD Rules Of Engagement:
1. Point C must retrace to a 0.618 of the A - B move
2. Point D must be a 1.272 projection of the B - C move
3. Buy/Sell at the D leg completion.
Three -Drive Rules Of Engagement:
1. Point A should be the 0.618 retracement of drive 1
2 Point B should be the 0.618 retracement of drive 2
3. Drive 3 should be the 1.272 extension of the B correction
Three Drives patternsGot a good reversal ()3 Drives to up, the down reversal success has been moderated. Lets see if this one works better.
tp 1 1196
tp 2 1170
