Trade what you see... If market break below trendline, wait for the retest and sell If market extend to 61,8%, watch for the price action and sell, it will probably form a Pumb and Run reversal top.
The market is heading to a Cypher pattern complition just before the ECB press conference. After recent improvements in growth and inflation, ECB could express its optimism and shed their dovish feathers. This scenario accompanied with tomorrow's US jobs data may deter aggressive profit-taking on the dollar today and underpin our plan. OANDA:XAUUSD Entry...
1 entry point - 2 orders 1st order: Trade the Gartley pattern, use as TP the 61.8% retracement 2nd order: Trade the continuation of the trend, market retrace to test previous structure and performs nice reversal price action
A clear Cypher pattern setup, wait for the price action to confirm that move.
A bullish '222' Gartley pattern is forming with entry point D resting exactly upon the trendline. FX_IDC:AUDCAD Entry point : 1.0061 Stop Loss : 1.0007 Take Profit 1 : 1.0136 Take Profit 2 : 1.0182
There is a BAT pattern setup with very nice reward/risk ratio (>2) The market already reached the entry point and now the trade is profitable. Wait for a Double Top in lower time frame and short.
After taking profit from the (two-in-one) AB=CD bearish pattern setup, a Cypher pattern has been formed and is the right moment to take a 1/1 risk/reward ratio. Stop Loss placed 10 pips below X (key level structure)
There is a Cypher pattern formation with D point on a key structure level if you look left. risk/reward=1
So far the pair is moving nicely and according the technical analysis, there is a potential bullish AB=CD formation and a possibility for correction at that level. Be aware
Another Pumb and Run reversal top formation, look how massive is the break out after the retest
Look how identical is the market moves inside the 2 boxes!!!
This is a break out formation with very good decline percentage, You can sell aggressive the break or you can wait for the pullback (63% chance for a pullback) Target is the bottom of the trendline
Yesterday we took 27 pips from the 38.2% retracement after the Gartley completion, today market formed a crystal-clear AB=CD with 30 pips already in profit and waiting for the second tp at 61.8% retr. Next move is the completion of the Cypher pattern at 0.8533. Trade with care
A BAT pattern is forming right now, if market reach the previous structure there is a BAT pattern formation with entry point (D) at 1.3150 Very good risk/reward ration
A potention Gartley pattern is forming, entry point is 0.85 critical support level
1. We can long now as we are in the bottom of the channel - TP at the top of the channel 2. We can long after the break above/close above the channel and the retest - TP the height of the channel
If market break the channel there is a potential Cypher pattern forming above previous structure. The TP point will also be the retest of the channel trendline, so a sell setup