GBPUSD Sell setup61.8% retracement.
RSI Divergence in 1h timeframe
SELL with the blessings of fundamentals
Mimson_ideas
GBPJPY Fibonacci Inversion Trading SetupFibonacci inversion trading setup with 2:1 reward/risk.
If market retest D point short the market. There is also absolute confluence between the 1.618% projection of AB and the 61.8% retracement of the impulse leg.
With regards,
Michail Sideris
AUDUSD 2618 Strategy2618 Strategy Trading Setup
Criteria:
1) Double Top
2) Break of structure (neckline) to the downside
3) 61.8% retracement of AB leg
4) SELL order at C point
SL:
5-10 pips above DT
TP:
1) next structure level, probably where B is pointed
2) 1.272% extension of AB leg
With regards,
Michail Sideris
OIL Bat Pattern setupQuick USOIL trading setup.
SL and TP as in chart.
With Regards,
Michail Sideris
NZDJPY Gartley bearishAn advance pattern trading opportunity lays at previous highs and offer a great risk/reward trading setup.
It is also the ideal level to get positioned for the trendline break if it is to occur, althouth our trading rules for the trendline break indicate to sell after the break and retest.
With regards,
Michail Sideris
EURAUD Trendline breakTrendline has broken and retested. Big volume in the bearish candles. The market also cross and close below EMAs. Sell according to the plan.
Kind Regards,
Michail Sideris
AUDJPY Gartley bearish at key resistanceA Gartley advance pattern trading setup is forming.
The D point would be at a key resistance level , market has a consolidated bias which favors pattern creation and confirmation. There is also AB=CD completion above Gartley's D point. The AB=CD pattern trading rules indicate the entry point few pips BELOW D. RSI and price action would be our guide but right now if market moves to that level short entries look inevitable considering the great risk/reward ratio.
Stay tuned
With regards,
Michail Sideris
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
AUDUSD break of trendlineThe plan is to wait for the market to retrace at the EMAs and the fibonacci levels to confirm the break and short according with the price action.
If you have already a short position from the BAT pattern trading setup then relax, that entry level is perfect. Keep your position!
With regards,
Michail Sideris
GBPAUD Advance Pattern Trading ScenariosAs you can see in the chart there are potential trading setups in this pair.
If you are not familiar with the fibonacci inversion trading setup I will update later this Idea with an educational post.
As far market is trading below a significant level. Although technical analysis maybe justify a short position from that level. This is not part of my trading plan.
I will sit back and wait for a possible completion any of the patterns and for thr price action and RSI confirmation.
In that cause I will update.
WIth Regards,
Michail SIderis
EURAUD Gartley bearish pattern at previous highsGARTLEY BEARISH PATTERN
We have a pattern trading setup
Take profit targets and stop losses as in the chart
XAUUSD '222' Gartley bearish | RSI DivergenceWhat is the '222' Gartley? That advanced pattern in which AB=CD leg and D point is not exceed X.
So, we have a '222' bearish Gartley formation with RSI Divergence in 1 hour timeframe.
USDCAD break below channelPrice broke below the consolidation channel, has retest the broken structure and took the heading to the lower structure
EURGBP AB=CD at key structureQuick trading setup at structure level.There is RSI divergence at 1h timeframe. You can use more tight SL if you want according the price action
GBPJPY CYPHER bearishWhen we have a broken trendline we always looking for a pullback-retest of the trendline or for an advance pattern formation in order to enter the market at the direction of the break.
Here there is a pending Cypher pattern formation that gives us the reason we are waiting for.
SL and TP points as in the chart
EURUSD The Bat up in the sky of Gotham CityThis Batman call is the entry reason to short this pair, a decent enough trade with small losses and big profit
AUDUSD Gartley bearish 4hA potential bearish Gartley pattern. There is also confluence of two major fibonacci levels at the entry point D.
EURGBP potential 2618 setupA 2618 setup will give us the reason to short the pair in order to close the gap
AUDUSD Cypher bearish | Triple TopAnother opportunity for short, SL and TP on chart.
As far all the Cypher patterns I have posted the last year reached their targets..
XAUUSD Cypher pattern at key structureThe market is heading to a Cypher pattern complition just before the ECB press conference.
After recent improvements in growth and inflation, ECB could express its optimism and shed their dovish feathers.
This scenario accompanied with tomorrow's US jobs data may deter aggressive profit-taking on the dollar today and underpin our plan.
OANDA:XAUUSD
Entry point : 1200
