armanitrades-mhc

armanitrades-mhc

pressure is building for usd cad to tank I am looking at an abcde triangle where I have a take profit at the .786 retracement of the previous swing easy 246 pips

armanitrades-mhc

When plotting chart pattern analysis, you have to remember that the previous falling wedge on my chart target still hasnt hit. for the pattern traders out there you know that when you have a rising wedge, the default target is where the wedge started. I have a confluence of fibs that point to the same area. With that descending triangle forming at the .382...

armanitrades-mhc

after seeing a triangle breakout on the 15 minute time frame early this morning, I have reasons to believe that some sort of wave 5 is finished and with a bounce of both trend line and fib, I feel like It was a good trade idea

armanitrades-mhc

look for weekly pullback and enter

armanitrades-mhc

If you were following my previous euro usd post, Im short looking at a 500 pip swing for euro usd. on the hourly, it presented us with yet another perfect short! get ready guys the abcd price structure on euro usd is so beautiful. The previous spike in my eyes did not indicate a bullish trend but a bullshit trend. It was a bull trap! Keep Short! I have a...

armanitrades-mhc

looking for a 300 pip drop once more to end this triangle on gold then looking at 1400 as a targets to the upside at point e

armanitrades-mhc Updated 

Gold is proposed to be a descending triangle with more bias on the buy side. The reason why i took the buy is because this descending triangle has a key level of support which makes it a great buy. In a descending triangle, waves B and D usually retrace to .618 to .764 of the previous move im using .618 as my target dont want to risk it.

armanitrades-mhc

Believe it or not, its time to go long

armanitrades-mhc

NZDUSD was still proposed to be in a rising wedge. due to the news on friday, It threw off most traders. Rising wedge is STILL VALID. using -23.6 as target

armanitrades-mhc

Seems to be in a triangle right now with alot of divergence I would prefer a sell if price hits the 19.50 area again and take profit at the .382 % ret of the previous trend

armanitrades-mhc

USD CAD impulse wave was apparently extended. Still seeking short 161.8 ext plus .786 fib seemed to have a common zone of inflection

armanitrades-mhc

im a little late but Rising wedge on the 15 minute time frame has completed and on the 4hr. Because of the bearish engulfing candle, I dont really need to put my stoploss up at where it traditionally has to be. Profits are taken at the start of the wedge aka the .618 fib

armanitrades-mhc

Looking for a sharp decline on AUDUSD looking to take profits at .73800 or so close to the .618 fib

armanitrades-mhc

Form the looks of it, Eur Aud has finished point E in the triangle waiting for the break. My choice of entry was buying a pullback of point E and using -.236 as my target from the previous swing stops will be below point E I will add on to my position once it breaks the trendline followed by either a .382 .5 or .618 pullback. 1000+ pips to compound

armanitrades-mhc

EURUSD is proposed to be in a triangle. Specifically a symmetrical triangle. In a symmetrical triangle, it is composed of 3 waves 2 impulses and one correction. 90 percent of the time the pullback will be a (bull trap) it will pull back at .618 and tank my default target is -23.6 which is most often hit. The pullback created an inflection zone and hit the 100%...

armanitrades-mhc

Usd cad pulled back into the .618 fib of the previous swing but it also has reached the 100% fib expansion area which gave a double fib inflection zone area in the 1/30304- 1.30333 might be off a little but looking at a 300 pip drop here #SELL