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Highprobability

THE WEEK AHEAD: TREND CONTINUATION VIA BEARISH GARTLEY ON AUDUSDWe previously had a first signal that the short-term bullish moves (remember: we are heavily bearish on the daily time frame) could come to an end. The arrow shows the close below the previous low. We therefore looking for a shorting opportunity on this pair which lines up in form of a bearish gartley pattern. Beside the standard target 1 (38,2% oft C-D leg) I will trail half of the position to the lowest close at point C. Stops have to go above X , according to your personal rules of engagement. Have a great week of trading. Felix
Short
by WirmachenTrader
1
Trend Reversal on AUD/CAD... Inverted Head & ShouldersPrice has been down trending since April 2014. Obvious swing highs and lows. The upside rally in January 2015 created a higher high and also a resistance at the 0.99600. Price has retraced and could be forming an inverted head and shoulders pattern. The strong engulfing candle is the signal to go long and marks the potential end of a swing low. Entry price is just above the engulfing candle. The stop loss just below. Take profit #1 is set at the 0.99600 resistance. Take profit #2 at clear 1.02000 resistance.
Long
by www.love-the-pips.com
NFLX head&shouldersHigh-beta names feels a bit heavy at this point after a big run since mid of May. In Netflix, after it borke up bear chanel, it had a nice and clear move following the 8-day EMA from $350 to $475. It failed to hold above previous high $458. Right Shoulder was re-test of this resistance that is still in tact. Entry Short on break of neckline around $433-$434 could give us high-probability trade. For trader with different risk parametres you can use earlier entries with tighter stops. This time I don't have well-defined target, reasonable level is $417.20 base support. I will measure and update.
NASDAQ:NFLXShort
by andrew.berg
1