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Midterm

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
WATCH AT MARKET OPEN: BULLISH CYPHER ON $EURUSD AT MARKETNot too much to say about this potential setup. The pair is in a sideways consolidation for quite a long time (see my last outlook on the daily timeframe attached below). The market formed another advanced pattern in form of a bullish cypher pattern which completed on Friday. If the market opens at the same levels, there will be the opportunity to give it a chance, IF it meets your personal trading rules! Stops below X Targets at 38,2 and 61,8 % Retracement of the C-D leg. (see marked price levels) -Have a good week of trading!
Long
by WirmachenTrader