My short never got filled although price drooped to my target 2, I cancelled the pending order for now because pattern looked abit odd, anyway, I just saw this bearish pattern forming on the 60m chart, got my order set, I am waiting to get filled.
After a massive drop that I manage to catch(208 pips) I am going to reverse and try catch at least a pullback to previous structure, Would be nice to see it going to TG2 but I doubt that.
I missed my entry because... I just didn't saw that one coming :P positive PA to the left around the 127.2% of XA leg I set limit order and I'll wait for some re-test - from my experience rushing into a trade never make any good for either R:R nor equity curve.
price shot up today almost breaking highs from 2009, however crab pattern formed, If price violate and close above 2009 highs, I'll exit my position, however, on the chart is how I'll play this pattern if it will decide to reverse and go lower.
patterns formed on USDCAD might use the completion of the bearish bat as my target 3 for this bullish bat.
another trade I just took waiting for some downward move.
just another setup I see forming and have pending orders waiting @ 89.54 for selling NJ
another way of playing this would look at the bigger picture see on the daily a bearish bat pattern is forming so target 2 or target 3 would be bat pattern completion, I am not sure yet about my final target on that one because I might see a bearish pattern forming before that bigger bat. anyway I'd be very happy shooting for 800 pips with 60-120 pips stoploss.
Here is how I would play with gold bullish pattern turn to be a quick winner (27$~ per oz) with 0 DD now forming bearish pattern. stop goes above X.
I'd set my pending around 88.6% of XA because of structure to the left, also AB=CD move terminate at the same area. Close above B point would negate the trade Stop Loss below X point
Description on the chart, stoploss below demand or can used below 1.618 for extra safety.
nice swing going on EZ, am about to take my first profits @ 1.6024 I have no idea if it'll reach down the cypher completion, since I see too round numbers on the way down - 1.6 and 1.59 but my final targets are around the lower red rectangle and also my reverse point.
currently I am long on AUDUSD, I see no reason not to take this short along with my long and earn both on longs and on shorts - if it'll fail then still have my long position open. my final target on this one would be .9260(recent low) that's an hedging technic.
two big patterns terminate at the same zone, also there is small butterfly but I prefer keep stuff clean, I'll be a buyer at the 88.6% because of structure and it'll offer nice R:R.
This is a pretty big one, if you gonna take this one, adjust your position size. I am gonna sell around the 88.6%
Description on the chart, If my order will get filled, then I'll see if I'll take profits off at bottom green line, haven't decided yet.
price violate A point never closed above it on the 240m TF(on 60m this one has been negated) any ideas why target 2 is so high?