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EURUSD - Weekly Outlook 26/11/2017 I have been trying to get a better understanding of the waves in the market and seeing where other patterns come into play and can help give some confluence to the direction. Although we have had a very bullish close last week, what the chart is presenting me with is a very Bearish opportunity. Price has been consolidating in the channel and From what I can see I think there is some further down side to come before a further impulse in price up. There have been a couple of Advanced patterns in the last couple of months on the Daily Timeframe / Weekly. First a Bullish Bat which if you had 2 target approach you would of hit the 0.382 fib and pushed up at high as the 0.50 fib, at this point price moved back down giving us an equal measured moved. Second pattern which has just completed is a Bearish Cypher, this along with price respecting the top of the channel & making a Higher Low I believe we are going lower.
Short
by Wonour
1
Two potential patterns on USDJPYThere are two potential advanced patterns setting up on the USDJPY. The first one (Blue) is a potential bullish cypher pattern that has a D completion at 113.340. The second one (Red) is a potential bullish bat pattern with a D completion at 113.160. Minimum stops for both patterns need to be below X, with target 1 at the 38.2 Fibonacci Retracement and target 2 at a 61.8 Fibonacci Retracement. As always, make sure to follow you plan. Good Luck and Good Trading
Long
by tommyb35
A SOLID LONG TRADE ON EURCHF CONFIRMED BY ADVANCED PATTERNS!Hello traders,i hope everything is running according to your trading plan. Without time to waste let's see the high propability long trades on EURCHF pair. First of all we can easily see through the daily chart that we are in an uptrend especially when the euro attack started. Lately we can see the Swiss Franc gainning a little room exploiting the recent relief rally that Euro has. TECHNICAL OBSERVATIONS 1.We can see at the daily chart that we have a deep retracement to previous resistance that now is a support. 2.On the daily we have also an RSI indicator approaching 50 level which acted as support level a lot of times at this pair. 3.Now on 1H chart we have two bullish advanced patterns,first one is a bullish Gartley pattern and the second is a bullish Bat pattern. 4.On 1H chart we have RSI on oversold levels ready for a pullback. 5.We have also the Stochastics on oversold levels pointing a possible pullback. 6.We have previous price structure that agrees with the advanced patterns. 7.Price at the daily chart is above 200EMA favoring the long trades. 8.We also have the two bullish advanced patterns completions inside the resistance zone based on previous structure that makes this zone even more significant for a pullback. 9.Second targets (T2) of the two advanced bullish patterns coincide with the 200EMA of the 1H chart which usually acts as a magnet on those timeframes giving us one more confirmation for our trades set-ups. POSSIBLE LONG TRADES BULLISH GARTLEY FORMATION ENTRY PRICE 1.1580 STOP LOSS AT 1.15615 FIRST TARGET T1 AT 1.16070 SECOND TARGET T2 AT 1.16220 BULLISH BAT PATTERN ENTRY PRICE AT 1.15720 STOP LOSS AT 1.15615 FIRST TARGET T1 AT 1.1600 SECOND TARGET T2 AT 1.16180 THANKS FOR THE SUPPORT AND THE POSITIVE FEEDBACK!! KEEP FOLLOWING FOR MORE PROFITS!! HAPPY TRADING GUYS!!
Long
by The_Greek_Trader
AUDCAD 6th November Weekly Outlook Price has been respecting this descending channel for the past couple of months, we have see consistent lower highs and lower lows. Price is currently in a region where it could re test the higher end of the channel, if we see rejection around the 0.97900 level we could then see a further downside imo to the 0.95280 level which is the fib inversion of the recent 0.618 fib retracement on the Daily. Price has crossed on the EMA's which leads me to think this may be a small correction on the lower time frames before a push lower. We also see a possible bullish gartley formation on the weekly/daily which would also complete in or around the 0.95280 level.
Short
by Wonour
6 clues why i think NZDCAD could go higherHey guys, i've written down some of the key reasons i'm willing to long this market. First, we have a daily Bat pattern that's been completed but that never reached its target level (nor broke the X point) therefore it's still valid. At that level we also have a daily structure (yellow box) that could act as support again. Ultimately, in the daily chart we can see some long wicks to the bottom together with an engulfing pattern showing some buying strength. This engulfing is also represented on this chart (4H) in the form of a rally that broke into new highs in the recent days, right after a double bottom. Given the case, it's a nice opportunity to trade the 2618 strategy that consists on buying/selling the 618 Fib retracement of the leg that breaks the double top/bottom's neckline. Stops below the lows, targets as shown up here. If you have any idea/comment, let me know. Otherwise, see you in the next chart! P.S. Sorry for the last 2 weeks without a videoanalysis but i was very busy. I'm sure i'll be back next week!
Long
by Roker1
EURZAR: Potential Bullish Gartley formation Here's an idea of a potential bullish Gartley formation on the EUR/ZAR in it's early stages. Looking for the formation of the B to C leg with possible points for C in the region between 16.66014 and 16.88450. Updates of this idea will follow as the market moves. Do not follow this blindly; always remember to make sure that any trade made by you needs to meet your own personal trading requirements. If it does not comply with your rules of trade, do not trade it. Happy trading! JP
Long
by JPCillie4c