Theto_Morifi

Theto_Morifi

After the first entry had its stop reached. GU presented a second opportunity as it re-validated the trade setup by reversing back into the pattern. The first target was hit and price reversed back down. Target 2's trade is still active with stops at break even for precautions as we roll over into the following week.

Theto_Morifi Updated 

I would highly appreciate your likes and follows, I hope you enjoy this setup. Price has formed a complete Zig zag wave pattern and has also managed to break out of and retest a bullish trendline. I am looking to capitalise on the BC leg of the corrective structure which should take the same ratio as the two previous impulse waves. Target is 0.62100 #FOLLOW4FOLLOW

Theto_Morifi Updated 

USDCAD has provided a clear WXY corrective structure. Therefore providing bullish opportunities. A pullback is expected with the opening of the new market week and that should be the confirmation needed for an entry. The emerging of a harmonic pattern can also be seen. Entry price is currently set @ 1.4000 TP s set @ 1.4200 @ 1.4350 @...

Theto_Morifi Updated 

5 motive impulse wave moves are usually followed by a 3 wave corrective move. We have a head and shoulders pattern and a break out of a Bearish rising bottom waves triangle. An interesting trade I will be looking forward to monitoring throughout the upcoming week. I would appreciate your various expertise and views on it, oh as well as your likes and follows, I...

Theto_Morifi Updated 

Please hit the like and follow buttons if you agree with and enjoy this setup. I would highly appreciate it. #FOLLOW4FOLLOW GU is showing some strong bullish pressure after its uptrend rally in the prior weeks and has now seemed to have formed and satisfied a corrective structure. This could only mean that the bulls are yet to take over and continue their rally....

Theto_Morifi Updated 

Price opened with a gap this morning, however the gap was not of a significant size and there was therefore no need for price to correct itself in that sense. Target 1 has been reached. I will only take heed of target 2 once there is a clear break out of the channel and a successful retest. Your feedback would be highly appreciated. Follow me for a follow back....

Theto_Morifi Updated 

I would highly appreciate your likes as well as comments on your trade ideas for this pair, thank you. #Follow4Follow GBPCAD has portrayed a possible corrective structure of the WXY nature. Looking to capitalize on the DE leg of the flat top triangle as well as the impulse that is predicted to emerge from Y onward. Trade Levels: Sell entry @ 1.75500 TP ...

Theto_Morifi Updated 

Please feel free to send you views on Gold, I would highly appreciate you input considering how controversial current emotions and psychs regarding gold are. #FOLLOW4FOLLOW This is my interpretation of how gold has performed thus far and from that came the prediction of where it is most likely to go. I am short biased and part of that being because of my...

Theto_Morifi Updated 

I would highly appreciate your likes and follows but most importantly a comment with your analysis. #follow4follow The EU has provided a zig zag pattern while inside a major triangle pattern that can be seen on higher time frames. It appears the market has been forming 3 wave motive moves giving us an AB = CD harmonic pattern that signals price reversal. Points...

Theto_Morifi

A predominant double top pattern, confluent with the AB = CD harmonic pattern and a rising wedge. These fulfill the conditions of a possible change in market momentum from bullish to bearish. Targets are set @ 1675.00 and @ 1572.00 Stop losses set between 1720.00 and 1724.00