glennmercer

glennmercer Updated 

We finally have a bearish impulse on OIL! I am looking for an entry on at the bearish bat on the lower TF. Check it out: If this is the first impulse of the drop to the mid 40's, this has a long drop ahead and some missed pivot targets below. I want to short this at the bat completion level to test this bearish impulse. SL is placed above the root of the...

glennmercer Updated 

Hey traders, stopped out of the impulse trade, and choppy price action alludes to potential success with corrective structure patterns. Here a bat is complete. SL is placed above two S/R levels with TP at .886 of the impulse. Cheers

glennmercer

Hey traders, still very bearish on this pair. Here is an updated wave count, I'm looking to add on the breakout toward wave-3, ONLY if the first wave ends in a five wave impulse. Updates to come, happy trading!

glennmercer

Hey traders! Looks like we have a triangle complete and ready to rally on the 30m TF. Here is a set up that capitalizes on the bounce off of wave-E of the expanding triangle. This one should be moved to B/E quickly as the rally should be a quick impulse. SL can be placed below root of wave-i on the lower TF. More updates to come, stay tuned

glennmercer

Hey traders! The wave count suggests more bullish price action toward continued correction at wave-X above. This potential Gartley pattern may be a good opportunity to enter long. I have an initial price target at .5 AD. If price rallies into a strong bullish impulse, I will ride this one out toward the top of the channel. If price breaks through the SL, a...

glennmercer

Hey traders, lot's of sideways movement on most of the pairs this week. I like a long position at support if this Gartley pattern completes. TP level is set at 618CD with SL below X. If price powers through the SL, I want to be short toward long term missed pivots below. Happy trading!

glennmercer

Hey traders! Pretty choppy week on the currency front, and I like trading harmonic patterns like this one during sideways price action. I have an entry at the top of the PRZ with target at .618CD. Trendline may add resistance below the SL, and it is important to watch PA near the lower TL should price reach that level. More updates to come, cheers!

glennmercer Updated 

Hey traders! I am still short this pair and eyeing up long term targets. If you're not short already and would like to be, this triangle is a good spot to enter if the optimal risk/reward presents itself. Still looking toward the missed daily pivot below. Great drop on this one, lots of pips! Happy trading!

glennmercer Updated 

Hey traders, we have a potential bearish breakout toward the completion of a Gartley pattern. Also keep an eye out for a breakout rally, so only enter when there are clearly more sellers than buyers. If the Gartley pattern completes, I will be looking for long positions toward the top of the descending wedge. Happy trading!

glennmercer Updated 

Hey traders! Here's an opportunity to ride the fifth wave up to a potential butterfly. A breakout past the trendline could mean a swift and powerful bullish impulse, which may find itself at the key level at the butterfly completion. Nice R/R on this one. Updates to come as the tide rolls

glennmercer Updated 

Hey traders! In case you missed it, I am long on this one already, see related ideas. I want to add at the levels shown with a SL below the invalidation level. Drop below here means the bullish impulse is not the beginning of a five wave sequence and I want out. Also, this is the typical SL level for a Gartley pattern which has just completed in the PRZ. TP...

glennmercer Updated 

Hey traders! Price has now entered the PRZ from my previous idea: I want to start looking for short opportunitites around this area. Looks like we may have another small rally beforehand, so I want to trade the break of the trendlines shown. Updates to come, cheers!

glennmercer

Hey traders! I am ready to enter this one, and have an entry set at the unhit daily pivot for today. This serves as a nice entry as it coincides with the .5/.618 fib area following the bearish impulse. SL is set above invalidation level as this will invalidate the trade setup. TP is set at the missed weekly pivot, but I have deeper targets. We will judge the...

glennmercer Updated 

Hey traders! Price was rejected with authority in the previously defined reversal zone. Price action is indicating further bearishness down to the Gartley PRZ. Bias remains Bearish unless a big bullish candle prints before target is hit or invalidation level is violated.

glennmercer Updated 

Hey traders! Last week's price action completed with a very bearish move and containment inside the monthly trendline (top, red). Five waves down confirms an impulse, and I want to sell the pullback toward the completion of a potential Gartley pattern. The bearish wave-5 may still have some juice left in the tank as the 1=5 level has yet to be tested. However,...

glennmercer Updated 

Hey traders! The bearish move toward gartley completion carried out as predicted and we now have a complete five wave impulse structure. I want to see some bullish price action before continued bearish movement. Therefor, I will be selling the pullback to the trendline violation area. I will likely be using this position as a hedge for the EURUSD 4H short...

glennmercer Updated 

Hey traders! Looking to buy the completion of this wave-b, and this position will account for multiple variations of the sideways correction. The one variation however, that it will not account for, is an expanded flat. This is a real possibility with the volatility we're seeing from this pair so any entry should be pending confirmation of the completed...

glennmercer Updated 

Hey traders! I've been waiting to buy this to catch some of the impulse. I think this is a good opportunity. I want to place a tight stop behind the most recent pinbar and buy at support toward the completion of a potential bat completion level. Two consecutive daily missed pivots means momentum is bullish, and pinbars make for a nice barrier for a SL. Also,...