Another oportunite to short EURGBP A BAT pattern formation just below 0,9000 resistance level Kind regards Michail SIderis
It's not that I want to short gold , but it would be a decent trading setup.
I will buy every pullback I find in gold FX_IDC:XAUUSD and fullfills my critiria, until it will reach the previous old time highs. I thing is inevitable for gold to go there. Trade with care. Kind regards, Michail SIderis
Good evening traders, Euro is on trend, but it has to take a breath, there is divergence on 4h RSI and strong resistance above the pattern completion. Maybe is good time to position our shorts and wait the JPY news later this night for quick profits.
Goodmorning traders, A clear plan for GBPUSD,trend is bearish and we are looking a new opportunity to sell. There is a Cypher pattern formating in an important level. Lets hope a clear impulse leg to that price. Kind regards, Michail SIderis
Hello traders, We already have the opportunity to sell after that Bump and Run reversal top. Short until the Cypher pattern formation. Kind regards, Michail Sideris
3rd pattern for this week. Market overextended and a butterfly formed in previous support.
This is a Pattern week as it develops. Extremely nice obedience of the market to the advanced patterns that are coming up. One more to play on NZDUSD
Hello traders, it has been a while. Here is a harmonic pattern trading setup capable of initiate the reversion in the OIL market. If the price manage to descent in the 21$/barrel territory accompanied with the right price action we will have a chance to go long. Of course news are playing a key role in the Oil market and maybe a dicline to that price to be...
Hello traders, I uploaded the idea earlier with the GBPJPY chart, so here is the correct one. Yesterday our Gartley pattern didi it more than great on GBPJPY . See related idea. We have a similar trading setup today on EURUSD . Althouth we have to be carrefoul! If the pattern complete its formation that means that the price has broke above 1.095 which is our...
Hello traders, Yesterday our Gartley pattern didi it more than great on GBPJPY. See related idea. We have a similar trading setup today on EURUSD. Althouth we have to be carrefoul! If the pattern complete its formation that means that the price has broke above 1.095 which is our resistance. So we have to keep an eye in lower timeframes to support better our idea....
Hello traders, we have a bearish opportunity in GBPJPY with the formation of the Gartley pattern that concur with the 61,8% fib retracement of the last impulse leg. Stop losses 5-10 pips above X. Targets 38,2%, 61,8% retrcement of AD and 61,8% pullback af the ascending Wedge.
A butterfly pattern has formed with entry point the same as the Fibonacci Inversion trading setup. Market overextended itself against the trend and reached a strong sellers area. We are waiting for the rejection. Sell now!! There is RSI Divergence in lower timeframes. Stop Loss and Targets as in chart. With regards, Michail Sideris
61.8% retracement. RSI Divergence in 1h timeframe SELL with the blessings of fundamentals
Fibonacci inversion trading setup with 2:1 reward/risk. If market retest D point short the market. There is also absolute confluence between the 1.618% projection of AB and the 61.8% retracement of the impulse leg. With regards, Michail Sideris
2618 Strategy Trading Setup Criteria: 1) Double Top 2) Break of structure (neckline) to the downside 3) 61.8% retracement of AB leg 4) SELL order at C point SL: 5-10 pips above DT TP: 1) next structure level, probably where B is pointed 2) 1.272% extension of AB leg With regards, Michail Sideris
Quick USOIL trading setup. SL and TP as in chart. With Regards, Michail Sideris