Hello traders, If we have a double bottom at this level, I will looking for a reason for going bullish. Notice this double bottom would be at major structure support and we have a RSI oversold. For agressive traders, you could enter after close of bullish candle. For more conservative traders, you could wait for a 2618 formation to enter bullish. Hope this helps !
Potential long term uptrend. Market has been in consolidation and has created a double bottom formation but has not acted upon it so I am safely assuming that it will break the little trend-line and break to the upwards. Price must break the first trend-line in order to see a potential long movement.
Hey traders, Potential Bearish Cypher Pattern on the 60 min Chart. Trade your plan. Stops above X. Targets according to your plan. Greets.
After price broke out of the L-MLH, there is a high chance for test/retest - which in essence is nothing more then a pullback, but just with slanted lines... The white fork is a "Pullback-Fork" to mesure, how far price will go down 80% of time...to the centerline. Up there, we have confluence with the L-MLH (blue) and U-MLH (white) AND the prior resistance where...
Bearish Zigzag pattern playing out on the Kiwi dollar. Target is 0.56400 for a equal swing trade fib projection
Bearish rejection candle on the 1 hour sitting at a key level on the daily chart. If the candlestick pattern is valid look for short term or even long term holds to catch some nice pips on this pair. drop down to catch a good position to sell.
Impressive rejection from 1.00 which has been a key zone and some room to the downside on the daily. Needs to clear 200 MA and 99.00, targets around red lines. Could fake and push back up for another crack at 1.00 , the trend is bullish
i will short this beautiful gartley ;)
Recently got into advanced patterns. What do you guys think of this setup?
GBP/AUD so far so good......watching for further movement and pivot price action to move stop and reduce my risk further.
We have a BUTTERFLY, I think it will catch 1.30 very soon.
A short trade idea on GBPUSD. Coming into previous resistance zone while forming a potential bearish bat pattern completing at the 0.886 retracement. This offers a nice short opportunity for those pattern traders out there. Targets at 38,2 and 61,8 % retracement. Stops above X. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
The Fibre had a bullish week, printing a green candle every day for a total gain of 190 pips. We have seen mixed data points for both the Eurozone and the US but the main fundamental driver is obviously next Thursday´s FOMC event (interest rate, policy statement and press conference) as market players are preparing their positions. Not only the Fibre was bullish,...