Long time no post. I'm currently short at GBP/JPY 4H chart. Fundamentals : In the short-term there is no clear fundamental driver for GBP, but for the long-term outlook Brexit and its development would still be the driver for GBP to go lower. Many analysts predict that Brexit would eventually hit UK GDP and there-fore has a bearish bias on the GBP. This is...
Hi traders, I recently checked my long trade at EUR/GBP and got an interesting idea. I wanted to share with you not only about the mechanics & reason behind my trade but also about the currency correlation between USD, EUR & GBP that can some-how works in my favor. (Assuming we see some "Weakness" in USD when Market reacted to the Fed statements). The Trade :...
Find this great bracket when doing my analysis. Both of these patterns is supported by higher-timeframe confirmation. The Bat Pattern (red) is inline with higher-timeframe Trend, and The Chypher Pattern completion happen to be inline with my higher-timeframe potential reversal zone. Wish you success, Fedro
Hi there, -Recently found this good long opportunity, price has just closed above an important higher time-frame high, gave me the permission to look for bullish opportunity. As price moves, a great 2786 trading opportunity's presented. -This is one of my system which consist of a simple double bottom (or top) followed by a break and close above (or below) and...
Hi there, I've just finished my market analysis at EUR/USD and found two trading opportunities (long & short) which gonna put the market in a bracket. Which means, no matter which way the market would go, highly likely I'm gonna have valid trading opportunity to trade. They are : 1. Gartley Pattern Completion Long Opportunity at the 4H TF 2. S & FIbs Short...
Hi there, Recently just placed my sell limit order arround Chyper Pattern Completion level. It's nice to see all the important levels (Entry, Stop & Target) of my Chypher was arround important psy. number and market recent support and resistance level. Hope this one helps you in making your trading decision. , Regards, Fedro
Hi there, Recently found this great trading opportunity in USD/CAD 1H, where Market is retracing after a good uptrend. The idea is, that we're looking for a market over extension at a 1.618 Fib. Inversion, in expectation that we're gonna see a move back into trend after price reach that level. Which happen to be at the same area with an ABCD pattern completion...
Hi there, Here I found a beautiful Gartley pattern with a very good R/R ratio. The completion of this one also happen to be at the same level as good psychological number and a structure looking left. Given the volatility ahead of The Fed statement, trade like this one (good R/R) is a good way to approach the market. Regards, Fedro
Hi there, Recently I have done my regular analysis and found this harmonic patterns formation that lined up in a unique way. I thought it's gonna be valuable to share it with you guys, so here are those patterns : 1. Bat Pattern (red) 2. Gartley Pattern (blue) 3. Cypher Pattern (yellow) Pick your own levels. Short and win. Feel free to show your interest and...
Brief Analysis on USD/CAD, Price action presents us great level to sell. Check out my CTS : 1. 0.618 Fib Retracement (3) 2. 1.272 Fib. Extension (2) 3. 1.414 Fib. Inversion (1) 4. Previous Support & Resistance (3) 5. ABCD Pattern Completion (3) Total CTS score of (12), very reasonable place to go short, hope this idea helps your trading folks. Regards Fedro Christian
Recently I've done a brief analysis on Euro-Yen 1H and find two potential harmonic pattern completions that kind of bracketing the market direction. So whether the market goes up or down, I would highly likely gonna be Involved. Here are those patterns, as you can see on the chart : 1. Bullish Cypher Pattern (Yellow) 2. Bearish Gartley Pattern (Blue) Notice...
Here are those patterns : (note: the rules for each patterns are adjusted to meet my 2:1 risk-reward profile) 1. Gartley Pattern, (red) completed at the 1.382 Fib. Extension 2. Cypher Pattern, (blue) completed at the 0.886 Fib. Retracement 3. Bat Pattern, (yellow) completed at the 0.886 Fib. Retrcement The best case scenario guys, is that price rebounds to meet...
Hi there, I found a really great opportuniy in the EUR/AUD 4H. The best part? It's executable in both direction. Here are those harmonic pattern completions: 1. Bat Pattern Completion at the 0.886 Retracement with target at 0.382 retracement that comes right at structure (Given that this trade has a bullish bias in the HT. I only shoot for the 0.382...
Some right now decision. The price can already going up when I publish this Idea. But anyway, here are my 5 reasons to take the trade : 1. Up Trend 2. Double Bottom 3. RSI Bullish Divergence 4. Support from H. Time Frame 5. Major Fib. Retracement Levels Enough for me, what about you guys?
Hi there, With gold, I was looking for a possibility to be involved in the down trend. Finally the chance come as the price retraces to my expected reversal zone. Later, I found out that there are other levels that can also be a great place to go short. Here is why I think those levels provide great opportunity. 1. Retracement to Structure -Price retraces to...
Hi, guys. In this great trading opportunity I would like to share you my CTS. Hopefully this can give you a valuable insight and help you to add some more considerations to your trade plan. CTS : 1. Bat Pattern Completion (4 Pts) 2. ABCD Pattern Completion (2 Pts) 3. HT Resistance Zone (2 Pts) 4. 1.382 Fib Extension (1 Pts) 5. RSI Overbought (1 Pts) Total : 10...
RARE OPPORTUNITY, PERFECT LONG SETUP GUYS. GARTLEY PATTERN COMPLETION + ABCD PATTERN COMPLETION + FIB. 0.886 RETRACEMENT + FIB. 1.382 EXTENSION + FIB 1.618 INVERSION + THAT COMES RIGHT AT STRUCTURE.
ABC PATTERN COMPLETION AT SUPPORT LEVEL CREATED A DOUBLE BOTTOM WITH STOCHASTIC BULLISH DIVERGENCE INSIDE A DESCENDING TRIANGLE (OVERALL BULLISH). BOLLINGER BAND SQUEEZE SIGNALING INCOMING STRONG MOVE. BREAK OUT OF THE TRIANGLE WILL SEND THE PRICE TO THE NEXT DECISIVE ZONE. IN THE OTHER HAND BREAK DOWN OF THE TRIANGLE WILL SEND THE PRICE DOWN.