Hitting a pattern which has touched another support line within the pattern. Take profit, market order and stop loss have been places to show you where I've entered in the market. Take around roughly 400-500 pips.
As the bears begin to push the Aussie down, we notice the likes of a bullish bat pattern forming. A clear impulse leg (X-A) bouncing off .7962's, is immediately followed by a 60% retracement of the (A-B) leg. The (B-C) leg then retraces 79% of the (A-B) leg and is fended off at .7943's. Currently we are watching price proceed down and are eyeing the potential...
Here are my continued thoughts on BCC. We're currently in a descending triangle and probably going to enter into a double ZigZag Elliott correction wave. Who really knows for sure, but the pattern seems tone setting up. My target is still ~$600 for now. Check out this resource and let me know if I've missed anything: www.elliottwave.net
We have seen similar pattern with previous All Time Hihg. If we break all time high support we may come to next support level , previous correction support or even further
If we break the flag there is a very good trade to the downside.
The USDNOK is hopefully on its way to complete af gartley pattern, Targets may vary depending on where in the zone you enter, so if you enter this trade upon completion of the gartley you can do a Fibonacci retracement of the AD leg to get a more precise target, 38.2 for T1 and 61.8 for T2.
Continuation pattern I expect the pair to move down to next fib level as highlighted. Feel free to like/comment CHeers
Bullish bat pattern @108.90 Initial targets @109.67, 110.15 Stop loss @108,44
The flag is broken and there is a potential 200 pips to get at this trade. I've set my SL at 1.14473
Bullish Cypher on 60min. Target at 0.382 0.618. SL at 1.13 fibonacci inversion. Targets must be adjusted if price goes lower.
Pair : Usd/Cad bearish : we got bearish candlestick on the daily chart
Pair : USD/JPY Short : bearish candlestick on the daily chart
Hey guys, Hope everybody is doing good. Bitcoin is on its way to $5000. We think that the market will make minor pullbacks and higher again until $5000. So it remains bullish across the board. Don’t try to sell the market!! It is bullish. BUT we dont like trading it at the current stage . Hope that helps and trade with care Cheers
Flag Pattern that I think will continue to be Bearish with a retest and a move south. *Past performance doesn't guarantee future results*
Gartley pattern at market. Good risk/reward. SL: Fib inversion 1.13 of XA Targets: 0.382, 0.618 of AD
Cypher pattern @110.53 SL: fibonacci inversion of XA leg Targets: 0.382, 0.618 fibonacci retracement
the plan is to wait price in resistance area and look for a high risk reward short position , then exit at support level
at market now. Was on holiday for 6 days there. Looking forward to getting back into the markets now.