Today I've got GBPNZD on my radar. We have had news come out for China and the Australia area so AUD and NZD have moved a lot, once that move is over we can look for continuation of the pair in front of us. I choose GBPNZD over GBPAUD because this one has broken a large structure level to the upside and price action is moving nicely along in the channel. So this...
As I failed to post this chart earlier, when I got in the first time, price action is now approaching my level again where I will look to sell some more. I first got in at 1.0097 and it proceeded to hit target 1 at 1.0052, so my risk is off for this one. Price went oversold as you can see by the RSI and is now making a retracement. I am looking for a sell signal...
Another pair on my radar for this week is GBPUSD. As you can see we have broken previous structure and all other signs are also primed towards more downside. At least on the short-term side of things. I will be waiting for price action to reach the 'reaction zone', where we will wait for a reaction. Before I enter the trade I need to see some type of resistance at...
AUDUSD has reached a decision point, it is back at the crucial level of 0.75 a huge structure level. Many of us have held shorts all the way up from the 0.77 level up to now. I have closed the remainder of my position off on Friday. Before getting back in this trade I am waiting for confirmation on either the bull or the bear side. Bearish continuation: To get...
I am using this Gartley pattern on the 15 minute timeframe to enter a short trend continuation trade. The Gartley completes right at structure because it is a deep one. I am looking for targets at the retest of structure for 38 pips and for target 2 a retest of the large candle as can be seen on the chart. When we get there I will be looking for long...
This for me is a wonderful setup. It has several technicals lining up on the short side. That being the 127 even, a place where a lot of support/resistance came in. If you drop to the lower timeframes you will see the AB=CD pattern (orange line) better which also includes some Fibonacci confluence, all at the 127 level. Price action was also already beginning to...
Nice confluence zone to get short. If you trade CTS: 160 large even handle Grey AB=CD move Orange AB=CD move Fib confluence based on the first AB=CD move A lot lining up at the 160 even handle. A pullback into the 160 even handle would also line up with a TC trade on the 4H/daily. You can either enter aggressive or wait until tomorrow and look for a DT on the 1H...
Bullish Gartley pattern on the NZDUSD and also extra Fibonacci confluence using the last leg available. Structure is just minor, but it's a valid pattern for pattern traders. Goodluck!
Lots of technicals lining up at the 1.40 even level. We got the .382 fib from the long bullish trend coming in right on that level. And a bunch of fib extentions and inversions of the last leg down. And of course the most important thing, there is also STRUCTURE. At the moment we're in a flag (check lower TF), waiting for a break lower to reach the 1.40...
Garley pattern forming nicely within a channel, right now there's a flag pattern forming as well. The pole of that flag lines up with the completion point of the Gartley. As you can see we just broke above the B point of the Gartley, so now it's time to put this trade on your radar, if you are interested in these kind of setups. Stops and targets go where your...
Trying to post more often as I really want to share the good patterns. This is a nice bat pattern, you can see the 0.65 even line there and the pattern completes right above. That means stops can go below the even handle which makes it quite safe. The targets are initial targets, if the D completion retraces farther to the downside, adjust your targets...
After the other patterns being a success yesterday, will the new bat-pattern also prevail? We sure hope so! Only 1 target as it is only 20 pips profit. Stops weren't even close to being violated so why not go for round 3?
Take your choice, will take some time to complete. Stops go above and below X, keeping structure in mind. Just keep this in mind, I hope I did a good job..it's my first publication, thanks for any feedback!