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Fibonacci Cluster

EUR.USD - Bearish Bat Pattern 1.13849On the EUR.USD Daily chart we have a potential short opportunity at the D leg completion of a Bat Pattern The price reversal zone on this pair is between 1.13849 & 1.14746 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Fibonacci Confluence: 88.60% - 1.414% including an AB=CD that completes at 1.14364 Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the A to D move. There is also opportunity to look for extended targets at around 1.0600 Stop loss would be placed above X leg structure resistance. www.UKForexSignals.com www.Instagram.com www.Instagram.com
Short
by UnknownUnicorn180388
2
USDCAD - Some additional reasons for going longThis is basically an addition on my previous publication on this pair confirming the setup and adding additional reasons, building the case why we might see a reversal here. Previous published idea : Agree with this idea ? Thanks for giving me the thumbs up by clicking the like button. Have another view, have questions, comments ? Feel free to share it below ! More ideas like this ? Click the follow button to keep updated when I publish new ideas or update already published ones.
Long
by Nico.Muselle
14
CADJPY: Potential Bear Bat Pattern & AB=CD CompletionNot all that much on my radar when ti comes to my person trading portfolio so for analysis purposes I went ahead and looked at a few other pairs that weren't able to make the starting lineup. Here on CADJPY 4 Hour we have a potential Bat pattern completion at 86.16's Appearing inside that Bat pattern killzone also exist some fibonacci confluence and a potential AB=CD completion. Not a pair that I can trade but a nice looking opportunity for those who trade these types of setups. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
Short
by Akil_Stokes
13
USDJPY - Textbook Bearish Cypher pattern at structureAn almost perfect pattern is very, very close to completion and it's a beauty, textbook cypher pattern. Why ? AB leg retraces to 0.382 of XA-leg BC falls perfectly in between 1.272 and 1.414 CD completion at 0.786 has perfect Fibonacci confluence (see chart) On top of that we have a previous support level that has already proven resistance in the past just above it. As with most Cypher patterns, the RR ratio for TP1 is inverted (risk is bigger than potential profit), but as Cypher patterns in general are quite successful, it is definitely worth it. TP2 has an approximate 1.5 RR ratio. Agree with this idea ? Thanks for giving me the thumbs up by clicking the like button. Have another view, have questions, comments ? Feel free to share it below ! More ideas like this ? Click the follow button to keep updated when I publish new ideas or update already published ones.
Short
by Nico.Muselle
30
AUDNZD: POTENTIAL BUYING OPPORTUNITY WITH LOW RISK HIGH REWARD!!Hello Traders, This is a very simple price action based long trade setup on FX:AUDNZD . After reading the price chart, we see the market is in trending mode and currently we are seeing a retracement back into previous structure support (HL). With market coming closer to the previous higher low (HL), this reduces our risk on this trade quiet significantly. Right now we are about finish the AB=CD correction, which completes right within the Fibs cluster zone (green box). I was able to come up with this cluster zone by drawing out Fibonacci retracements, extensions, and inversions from previous market swings. The stop loss has to go below the previous high low but it also has to be far enough in order to give the trade some breathing room and at the same time not taking huge amount of risk. Taking into account the average true range (ATR= 14 period) based on the 4 hour time frame, this pair moves roughly about 45 pips on average. Thus adding few extra pips to the ATR, we get our stop loss level for this setup at 1.0665 level. Both targets for this setup are structure based, meaning looking back at previous price level that may have acted as strong resistance levels. Thus I saw two clear resistance levels at which it seems reasonable to take some profit off the table, one is at 1.08219 level and the other is at 1.08688 level. See the chart above for more details. That’s all I would like to cover for this trade setup. If you guys have any questions or comments about this trade, feel free to write in the comment section located under this description section. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. All The Best :) Follow me on Twitter as well: moneymaking2016
Long
by moneymaking
14
EUR.NZD - Bullish Gartley Pattern + Fibonacci ConfluenceOn the EUR.NZD 4 hour chart we have a potential long opportunity at the D leg completion of a Gartley Pattern The price reversal zone on this pair is between 1.6575 & 1.6524 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Fibonacci Cluster - 88.60% - 127.20% - 141.40% Potential targets for the Gartley Pattern placed at the .382% and .618% retracement of the A to D move. Stop loss would be placed below X leg structure support. www.UKForexSignals.com www.Instagram.com www.Instagram.com
Long
by UnknownUnicorn180388
3
USDCHF Bullish Gartley on daily chartThe USDCHF pair has been doing lots of harmonics recently. After the most recent down leg, a retracement should be in order. The entry signal is a completed bullish Gartley pattern on the daily chart, in confluence with a 1.27 retracement of a nestled bat pattern, and a 61.8 retracement of an imperfect Crab before that. It is reinforced by the inverted hammer candle one day prior. Despite price recently breaking a significant support line in effect since August 2015, the anticipated move up is in line with the greater trend since end December 2014; it is possible that price will exceed the 1.030 high set at the end of November 2015. Stop loss can be placed around the 0.9500 level: 1.618 bat, around 1.00 Gartley (also 1.23 extension of AD leg), and 78.6 of imperfect Crab pattern just prior. Conservative profit target at 38.2 Gartley AD leg (about 0.99196), with a more aggressive one at 0.618 (1.00741). If you want, you can scale out by halves or thirds and shoot for the moon. Risk-reward ratio anywhere from 1:2 and up. Just pick something healthy. All the best!
Long
by BrianSoh
GBPUSD: Potential Reversal Zone for TCT BullsPotential Bullish Trend Continuation trading opportunity on the GBPUSD. To create my potential reversal zone I've used a combination of structure, market harmonics and Fibonacci tools. Also if you missed it live yesterday I posted a recording of our week 5 trading recap video on my youtube page. If you're new make & you like what you see make sure you give me a follow. If you're already following, thanks for the support and make sure you hit that THUMPS UP button in the top left of your screen. Good luck this week traders! Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
Long
by Akil_Stokes
6
AUDUSD - Trading the GAP - 3-drives harmonic move.Reasons for entry : - Bullish Gartley completion - previous structure/support - potential 3-drives harmonic move - fibonacci cluster around week open - Higher High, Higher Low indicating an uptrend on this time frame - excellent RR > 6:1 The week on AUDUSD opened with a gap which is not visible on the TradingView charts. We already put in an AB=CD move which brought us to the top (B-point) of the Gartley pattern. We retraced back into previous resistance/support completing the bullish Gartley. I'm looking for this structure to hold and a potential 3-drives move right into the week open, where we have a nice Fib cluster : 0.786 retracement of 0.7320 high and this week's low 1.272 this weeks low and most recent high 1.414 previous low and most recent high and 1.618 of inverse extension of current low and most recent high. Since we are putting in new HH and HL, for me chances are good that we will try to at least reach the border of that gap. This would present us with a nice Reward:Risk ration higher than 6:1 Option 2 : if current lows do not hold and we break below structure we have a potential bull Cypher pattern setting up. Good trading and may the pips be with you !
Long
by Nico.Muselle
25
EURJPY: Counter Trend & Trend Continuation Opportunities of 1HRAfter being stuck at the "D" completion point of a daily Bat pattern completion we've finally seen a break to the upside on this pair. We've not run into higher time frame (HTF) structure and I wouldn't be surprised if we saw some relief in price action. This trade setups offers something for both counter trend and trend continuation traders. For the counter trend trader, "look left structure leaves clues" We also have bearish divergence between price action and the RSI. For the trend continuation trader we currently have Fibonacci ratio confluence lining up in our potential reversal zone (or as my Live Trading Room members like to call it our "A-Kill Zone") It's THURSDAY so that means that my WEEKLY FOREX TRADING video will be out today. If you're not a subscriber make sure you head over to my youtube channel and do so. I don't have a fancy title yet but I'll be talking about a report that was conducted a few years ago giving statistical proof on WHY TRADERS FAIL. Good luck out there today and do me a favor. GIVE THIS POST A LIKE, It takes less than a second ;-) Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
by Akil_Stokes
21
GBPUSD: The Next Look at GBPUSDNo to much on my radar today, but then again, most of my analysis for the week comes after the Monday New York close. I did get a few questions to follow up on my last post. i'm a little late but here are my thoughts on the GBPUSD. If you remember last week we were keeping our eyes on a potential short opportunity as price action made it's way up to previous structure. Well after the market create a NSH that changed our analysis on the trend. I wouldn't be as bold to assume a full reversal due to the nature of the break and close that we had, but a retest of previous structure can certainly be on the table. See you guys in War Room! Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
Long
by Akil_Stokes
11
GBPUSD: Structure Short Opportunity on the GBPUSD 1 HourSimilar to yesterday's $EURUSD trade, I'm simply looking at a potential shorting opportunity as price action works it way back towards previous structure resistance. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered,com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
Short
by Akil_Stokes
44
GBPJPY: Using Patterns, Harmonics, Fibs & Structure (w/ video)Looking for a short opportunity here on the GBPJPY using advanced pattern recognition, harmonic movement, Fibonacci ratios and structure identification. For a more in depth explanation of what i'm looking at see the attached video link below. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com "Learn to Trade: FOREX TRADING Using Fibonacci, Harmonics, Structure & Advanced Patterns" youtu.be
Short
by Akil_Stokes
12
GBPNZD: MEASURED AB=CD MOVE AT POTENTIAL REVERSAL ZONE [D]!!! Hello Traders, Here we have a measured AB=CD move that is very close to its completion point in FX:GBPNZD on the Daily time frame. Do note that the market is currently sitting very close to the Potential Reversal Zone (PRZ) which is made up of Fibonacci cluster (Fib extensions and retracement). There is no clear structure present at this potential reversal zone. The stop loss has been placed below the potential reversal zone (prz), with three targets labelled on the chart above. The first target is a minor one since no structure is present to support the 38.2% Fib level. The second and third targets are major one due to the presence of strong structure levels at both 50% and 61.8% Fib levels, respectively. NOTE #1: We are seeing bullish MACD divergence on the 4 hour time frame (see the chart below this description). But this will only become relevant once we start to see new higher highs and higher lows being formed on the lower time frames (i.e. 1 hour) and later on the higher time frames (i.e. 4 hour). NOTE #2: Do keep in mind that the overall trend on this pair is still to the downside, at least based on the daily time frame. So stay conservative with your targets and don't take this long opportunity as a buy and hold for as long as possible. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :) Follow me on Twitter as well: moneymaking2016 Illustration of MACD Bullish Divergence on 4 Hour Time Frame: Illustration of decrease on volume as the market moves towards the PRZ:
Long
by moneymaking
EURUSD: An Update Analysis on Recent Price ActionPrice action on the Euro ended up rallying right up to the previous level of resistance that we predicted. Although we didn't see the full trend continuation move that I had on my radar advanced pattern traders were able to take advantage & profit from a pain free bearish bat pattern completion. Price action has now given us a HHHC about previous resistance which means it's time to rework the analysis. (I got a question about this earlier) but short-term this is considered a bullish rotation, however the underlying trend is still bearish & I would now expect a move to the $1.0900-$1.0950's level for my next killzone. With the NFP tomorrow I may not have the opportunity to take advantage of that short, so during my day trading session we'll certainly be looking for ways to get long in anticipation of the potential short in my Live Trading Room. Check out the video I posted yesterday "The Most Important Trading Periscope You've Seen This Year!" www.youtube.com And as always please hit that THUMBS UP on this post and share it with a fellow trader. Akil Stokes Chief Currency Analyst & Head Trading Coach at www.TradeEmpowered.com
Short
by Akil_Stokes
31