Big sell pattern setting up on BTC. Waiting for the market to hit the 1.27 to go short. Targets are show on the chart.
After breaking structure to the downside we now have a nice risk/reward trade to the downside. First half of the position off at previous structure lows and the balance out at the 127 fib extension.
Although it hasn't completed yet this is a beautiful setup. Rules for this pattern say sell the "D" completion. I look for .382/.618 retracements for targets. If you want me to do a video reply to this Idea. If I get enough of them I'll walk you through the entire setup.
I use this strategy quite a bit. Identify a double top, wait for the break of structure, then sell the .618 when it rallies.
This is my favorite of all the patterns. This is a bearish Cypher. You would look to sell the .786 retracement here and take profits at the .382 and .618.
We've just completed a nice AB=CD pattern but based on how I read the chart I think we have some additional downside. I've become more convinced of a future downside move given there's been no serious buying interest at the completion of the pattern.
I'm using an inverted fib extension to find both ratio and structure confluence. This has been a very accurate form of technical analysis for me.
The trend is now down. If you're looking for a good short position here's a great trade with excellent risk/reward.
This trade is based off a fibonacci inversion setup I teach. Been watching it for a few days now and we're getting close to an entry.
I've always found the best way to articulate an idea is to simply do a video explaining it. This week I decided to focus on the Gartley pattern which I know is of great interest to many who trade currencies. Check out the video training here: tradeempowered.com Don't forget to hit that "Thumbs up button!"
This is a trade I use frequently in the currency market but it works just as well with the indices.
Ok TradingView Crew, here is a nice 2.618 trade setting up on GBPUSD and before you start asking me a bunch of questions make sure you've watched the training on this trade. I lay out all the rules and it's totally free. tradeempowered.leadpages.net
Ok here's a sneak peak out a trade I have on for all of my Syndicate clients. It's a simple trend continuation trade. GBPCHF is back up against daily support and we'll see if we can pop back up into resistance. If you want to join me each morning you can do so here: promos.tradeempowered.com
A couple days ago I presented a potential fib inversion trade that we never made entry on. Here is an example on a lower time frame. We took this trade yesterday in the Syndicate. This is not a trade "idea" so to speak but rather an illustration of that the trade should look like.
I have not posted here in a very long time but I know a lot of you have been asking me to start again. If you have a desire to see more from me here let me know.
You can see my full analysis on this pattern here: www.tradeempowered.com
This is a really nice head and shoulders pattern and if you look on the Daily chart we've got nice structure at these levels. This is a long trade setup