Tradeyourplan
EUR/USD Enters Consolidation - Downside Most Probable Price action is currently in previous structure (blue box) on approach to test the 61.8 and 76.4 fib levels where a correction is still possible.
Both blue boxes which indicate past structure align with the key fib retracement levels for an entry long. Price action breaking these levels indicates a clean short entry down to 1.12151 and then onto the next weekly support at 1.11448.
The Principle of AlterationWaves 2 and 4 within an Impulsive wave will unfold in different forms: if wave 2 is a simple ABC form ( zigzag), the 4th wave is likely to be a complex wave (triangle, double three etc.)
USDTRY - EDUCATIONAL - RUNNING FLAT"Running correction usually elliott wave 2 or 4
Strong impulse move should follow."
USDTRY - R U READY for REAL FLIGHTThis is not suggestion!!!
P.S.: Dont forget its to riskt you can lose your money
CADJPY 60 Bearish CYPHER PATTERN @ 84.75Hi Guys,
This is a bearish CYPHER pattern @ 74.10 and stop loss will be placed above the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 65 pips x 2 = 130 pips
Reward #1: 67 pips. R:R = 1:1
Reward #2: 108 pips. R:R = 1:1.65
Plan your trade... Trade your plan.
EURUSD W Bearish GARTLEY PATTERN @ 1.1600Hi guys,
I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk.
Back to the trade idea, it is a bearish GARTLEY pattern @ 1.1600 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 335 pips x 2 = 670 pips
Reward #1: 420 pips. R:R = 1:1.25
Reward #2: 680 pips. R:R = 1:2
Plan your trade... Trade your plan.
GOLD 15 GARTLEY PATTERN @ 1286.30Hi guys,
I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk.
Back to the trade idea, it is a bearish GARTLEY pattern @ 1286.30 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 4.60 Points x 2 = 9.20 Points
Reward #1: 5.60 Points. R:R = 1:1.2
Reward #2: 9.00 Points. R:R = 1:1.9
Plan your trade... Trade your plan.
USDTRY - 1H - CORRECTIONUSDTRY - 1H - CORRECTION
Your own risk. Do not trade if you dont know what you are doing.
Always remember: you can lose your money.
