ErfanParvini

ErfanParvini Updated 

Bearish Gartley + Structure Resistance + Trend Line Resistance + OB RSI could be a potential shorting opportunity. Good Luck Traders!

ErfanParvini Updated 

There is a potential short setup at the blue shaded zone on the chart. There is a 2618 trade setting up along with a head and shoulders pattern. Good Luck!

ErfanParvini Updated 

Guys there is a potential 2618 setup on this pair on a trend continuation trade. Watch for that break out and the following 61.8 retracement to get involved. Good Luck!

ErfanParvini Updated 

Keeping an eye for a break out of that triangle, and I think it will be to the downside moving toward the trend line and previous structure.

ErfanParvini Updated 

Same type of setup as the previous post on EUR/JPY

ErfanParvini Updated 

Just completed the Gartley. RSI is almost OB, looking back we have some structure levels, market closed with a nice shooting star candle. Good area to short as long as we do not violate the previous structure high. Good luck!

ErfanParvini

We are in the process of forming a bullish cypher. If we do so, the pattern would complete at previous structure levels, and we happen to meet the big triangle support area as well, and all this gives us a very good area for the market to revers, so watch that zone guys. Have a great rest of the weekend!

ErfanParvini

We have a confluence of 3 fibs at 1.112s level. The 61.8 retracement of the big leg, the 127 extension and inversion of the last move. On top of that we have a major structure level and the trendline resistance ahead as well. We can wait and see our RSI at that level as well, which most likely it will be OB. So if we could press up into that pink box shown on the...

ErfanParvini

Very likely to move down to complete the cypher and rally up again. We also have former support and resistance levels at the same area as well which makes it more likely to rally. Good Luck!

ErfanParvini Updated 

There is a pretty strong resistance at 2.03152 along with a RSI divergence, however any break above that level could result in a trend continuation up to 2.04903 level. I think we should see a retracement to 2.00879s.

ErfanParvini Updated 

The long term bearish trend line is broken. After retesting the 2.25271 and putting a double bottom along with a RSI divergent we are now trading up. I will look for targets at 2.33731s in hope for a retest of the structure highs.

ErfanParvini Updated 

Struggling to close below previous structure level, trend line could be considered broken, and an OBVIOUS divergent on the RSI. Good to shoot for the previous structure level which is also lining up with the 38.2 Fib level as well around 1.68824. Good luck!

ErfanParvini Updated 

Current down trend, bearish pattern completion, OS RSI. Technicals are screaming SHORT!

ErfanParvini Updated 

We are almost at our pattern completion around 0.75615 and we have a major structure level ahead as well. I believe the confluence of these and the fact which we are in a current down trend move gives us a good opportunity to short the market. Depending on your strategy you may choose to whether get involved right at the pattern completion, or at the structure...

ErfanParvini Updated 

After the completion of the previous Bat pattern and that massive move to the downside, now we are at a pretty reasonable level to get long. After bouncing back on our previous daily support, we are now trending up. Market closed at the retest of the trend line support, and we have a valid bullish Gartley, and this combination could result in a potential move to...

ErfanParvini Updated 

After the last week's ECB News we successfully broke the previous structure level, and we are in a retracement now. My prediction is we will continue at least till the previous support level.

ErfanParvini Updated 

After bulls were devastated by ECB, FOMC, and NFP, everybody is like now what??!! Well, market is currently in a strong massive downtrend that broke the strong support levels at 1.11136 and 1.08717. But I think we will see an end to this pretty soon around 1.06000 and we will see a bounce back at least to the previous structure levels. Here are my reasons:...

ErfanParvini

Kiwi forming bullish gartley around 0.63000 zone. Potential long move expected after that to the upside.