EURUSD -Current price is floating under the 200 MA -Elliot wave forecast is looking to complete another wave to lower lows -EUR weakness is apparent across most pairs -This pair will be quite unpredictable this week until we get a clear breakout in either direction. -Economical data is in favor of a further movement to the downside. -Tips: Remember the major...
Hey, guys, Bat week is still in play; here we have a bullish bat on the euro-pound. Price has begun to move sideways and has entered into a pennant shape. The bat completes above a conservative support line- I probably would get away with pinning it on the D point but i'd like to stick to the wicks. Stop loss will be placed just below the X point, with a 3/1...
Here we have a bearish 5-0 completing inside a channel. I have gone short since the top of the channel and will be holding that position until 0.985. The 5-0 also helps complete the consolidation waves of the Gartley. The Gartley completes among a strong pivot area on the daily chart where price has previous made a major reversal. As previously mentioned, I am...
Happy Friday, Troops. I haven't been active in a while- I've been working on those 5-o's. They still aren't doing anything for me, I'm a much bigger fan of the Ms and Ws, but here goes. As harmonic swing traders we look at the daily chart for direction and use the 4 hour to find a pattern that fits direction (in a nutshell)- I occasionally look at daily patterns...
A long opportunity is emerging on the CADCHF 60min. Wait for confirmation form indicators
currently waiting for my short entry
Opening a short position right not, thats the right moment, profit on 61.8 of AD
AUDJPY LONG term Trendline(and 0.382 level) rejection & AB=CD pattern
25-70+ Pips SELL Good Luck! KEEP THE RADARS UP!!!
Hi everyone, EURCAD has made an impulsive move down and formed a nice corrective structure. You can sell the breakout of the structure.
EVRI seems to be flagging. We would not buy it now, we would watch its intraday activity tomorrow. We would like to see a break of over head resistance for the entry. * Trade Criteria * Date first found- April 11, 2017 Pattern/Why- Flag formation Entry Target Criteria- Watching for breakout of over head resistance, possible entry at Break of $6 Exit Target...
Gold since November 2016 , may be in the process of forming a symmetrical triangle. With this potential scenario, the current C leg of the correction, is likely to have a weekly close around 1300, before price moves back down to 1150 with the D leg.
Now it's time to operate in the market. I set 38.2 as target because it will give a big profit. As u can see the stoch show a divergence and we are in oversold too
USD/CAD Pattern idea. Look at the higher time frames for some interesting fib levels.