DocWonmug

DocWonmug

EURJPY has been in a confirmed trend since 2 Feb, with two lower highs and one lower low. With the tentative higher low on 15 Aug, it looks like that may be changing. There is a nice hammer on the 15 Aug 4H supporting this idea. I plan to check back in a few days and see to the higher low holds. Let me know what you think.

DocWonmug

Tweezer bottom and Williams %R crossing above -80 on 4H. Good risk to reward ratio even to 0.236 retracement. Marginal AB=CD, but seems to make sense. Second target at 0.382 retracement, then look for further downward movement to finish another leg of the confirmed downtrend that started on 17 April. Alternately it could re-test at 1.1302. The symmetrical...

DocWonmug

Confirmed uptrend on 1D starting on June 18 with 4 higher lows and 3 higher highs. Solid AB=CD pattern on 4H. Pin bar on Aug 18. PRZ re-tested later on Aug 18.

DocWonmug

NZDCAD After breaking out from the flag formation on 8/2 and retesting the bottom on 8/8, we might be looking for the emerging downtrend to confirm with a retracement starting about 0.84267. If so, that would give us the lower low needed to confirm the downtrend.

DocWonmug

Looking for retracement starting to move upward (countertrend), which will set the third lower low of the established downtrend. Note flag pattern starting 7/9/18 with breakout on 8/8/18 resulting in continuation of downtrend.

DocWonmug Updated 

On the daily chart, we can see a long, clear trend with many sequential lower highs and lower lows. The market has entered a symmetrical triangle and should emerge in the next few days. We can then see if the trend will continue.

DocWonmug

New guy here. Looks like this Gartley analysis hits all the criteria as I understand them, so I placed a long entry. Not sure about the SL. May be too tight.