I identified this Cypher pattern weeks ago and played nicely, even though the was a small manipulation of price after hitting the PR Zone (78.6% fib ratio) of a Cypher Pattern . But the progress is looking good so far. first profit reached @ 38.2% fib ratio , now I am waiting for the price to hit the second profit @ 61.8% fib ratio . :) Kind Regards
One of the pairs i hardly trade. trading is trading after all. Well on this one I am only interested in seeing the B point busted so that I that i can go short. :) Simplicity is an ultimate sophistication. :)
two days back I post this pair based on a H4 Cypher Pattern formation completed, I said the pullback won't hit my second profit target @61.8 fib ratio. and said I am still bullish on this pair. Now as you know you need to update your markings as the market moves. While doing that, I saw interesting patterns forming, which are ABCD & also Butterfly pattern. now...
Still going as anticipated after being asked by my best friend to do my technical analysis on this one. I knew the drop on the price in the start of this week was to panic the traders. and I told my friend, do not close the long position you're hold, therefore this drop of price is just a minor pullback, its going to fade anyways. Look how we close yesterday,...
Even though I hardly look at H1 Charts, I am watch how the price will react on that PRZone of 88.6%. If it fails to hold, I be watching the price to bounce in the 261.8% ABA fib extension, simple because that the another PRZone for a Bat Pattern. :) Kind Regards
I still stuck with this analysis. I am not worried about price drop. I am just waiting to see how the price will react in that previous structure high(B point). is this another opportunity to go long? I will have to wait & see. :) Kind Regards
It is no surprise that the price is dropping, for those who understand the harmonic patterns they'll tell you why. I am still bullish on this pair, simply because on weekly & daily chart(bigger picture) we are very bullish. I knew the price was going to take a breather after hitting on that 78.6% zone. but I know this drop of price is not going to take long, it...
Just simple looking of price. :)
I am currently long. but soon will be going show. I believe that 88.6% is going to act as very strong resistance level. Plus there's a lovely price structure on the left side which acted as support & broken few weeks back. so if the price hits the 88.6% that will be the end of the bullish pullback. I'll be looking to trade short based on price structure....
EU is currently forming a Cypher Pattern which is not so far from complete the D point. So looking at the price structure, I believe the the strong up move we are witnessing is just a pullback. Soon I will be looking to go short. I will also look at weekly chart on also daily chart to support future short opportunity I am talking about. But currently we are...
Here is my short term trade setup. I still long on this one. I am patiently waiting for the price to hit my first target @ 1295.97 & break the previous weekly structure highs( A point), Then I am going to wait for my second target to be busted at that 161.8 fib ext . So from that point I will be looking for short formation pattern like price double topping to...
Looking at the bigger picture of gold, I am seeing a pullback which is going take some months to complete after that long swing up. So the price is just taking a breather, which is going take sometime to complete. as you can see on my analysis, I am expecting a trend continuation to form as you can see there's a ABCD pattern formation. So soon I'll be looking to...
As you can see, I am still short. My tp1 has be filled at 86.340. now I am waiting for the minor pullback to finish and wait for the price to fill my second target @ 84.492. after my second target have knock, I'll be watching for a double bottom formation on 61.8% & watch for any good buying signal to form on structure after we saw the price busting the B point....
I will be looking to buy soon. :) Let's see how it plays out. Targets: t1 = 88.175 t2 = 95.694
This is my long term projection, targeting 800 pips. Currently we are looking at a Bearish Deep Crab forming. So if the price completes the pattern after meet the D point, we will start to see bullish patterns forming . On my short term trade set up on AJ is still short, but soon I'll be going long after a week or two if not three. Therefore my long target...
This is why I am still short on this on this pair. I remember sharing this analysis few weeks back. looking good so far. If today the price busts the B point and play below it, I will be seeing the D point getting met at the 161.8% Fib Ext. as you can see, the ABA 200% fib ext. aligns with the XAX fib ext. & create the price PRZone. therefore, now I am...
just support my long term post. I am still anticipating the price to go long after hitting 106.398 mark. like I said on my first post, I am still short, but I will be taking profit on 106.396 & trade based on structure to go long. So I'll be waiting to see some sort of a double bottom formation and wait for a nice bullish signal to can go long. Therefore my mid...
As a long term invstor I decided to share my overview technical analysis of this pair. Our Tp 1 & Tp 2 has be reached and I am only waiting to go long & catch a possible trend continuation pattern forming. yes the the price is still going to drop for some time. Currently I am still short trading the pullback on a big picture, but soon I will be looking to go...