Advancedpatterns
XAUUSD GARTLEY bearish patternGold just can't stop giving us clear advanced pattern trading setups!
It's time for a GARTLEY bearish pattern formation after the profitable confirmation of the '222' Gartley and Cypher earlier in the week.
The entry, SL and TP levels as in the chart.
Minimum Reward/Risk=2
With Regards,
Michail Sideris
When will the short fall come?I was waiting for the EURUSD to come this high to build a short position. Many arguments, Elliottwave + Advanced Pattern + Overbought indicate a fall for the next 1 or 2 monthy.
However, lookig at the 240M chart, price create a wedge or flag pattern that thends to breakout to the upside. Looking to enter the second part of my short position arond the 1300´s
AUDUSD 240min Bear TCTI've been waiting patiently for AUDUSD to pullback into an area where I can get a good R:R Trend Continuation Trade out of it. It has formed a Bat Pattern which allows me to place sell orders at very good level. I will be trading 2 targets on this trade and will trail stops on the 2nd position.
On the Daily chart, price has been channeling between Support and Resistance for quite some time now. It has recently come off of the Resistance Zone and is hopefully on its way down to the daily support level.
Shoulder-Head-Shoulder @ Resistance At the 240M the second shoulder is about to form. Looks like price will form a candlestick pattern on the 240M which is a Double Top on the 60M.
Perfect run:
Shorting the second shoulder for a "neck break"
Going long in support until the rebound to the neck then
Short trend continuation
Advanced Pattern & Elliot Wave confluence +300 Pips OpportunityNice high probability , multi argument short opportunity on the daily. In line with a short trade on EUR/GBP that I opened yesterday.
Euro showed some strength since the first round of the #frenchelections2017 and the US dollar surely suffered after the #Trumpleaks. These fundamental facts pushed the EUR/USD with some significant momentum into an interesting resistance area. A combination of a completed 5 wave Elliot move + BatPattern + RSI overbought. Target on the 38.2% retracement should provide more or less 300 pips. If price comes back and double tops at entry a second chance is provided to target another 300 pips.
Those brave traders who are willing to sell into strength may receive some significant return if this strategy pays off. BatPattern, especially on EUR/USD have a high rate of success but remember, no trade is a sure game!