Pattern-trading
WFM worthing watching for April2017 Whole Foods has multiple 10% swings and upcoming resistance lines may be a 10-20% short opportunity
USDJPY: Possible Bearish Crab PatternLooks like FX:USDJPY is heading for a bearish crab pattern setup. The "D" point is right in a strong support & resistance area. Our entry is somewhere between 112.059 and 111.919. Conservative S/L is above the 0.786 X/A retracement projection, for more risk but better RR S/L can go above the S&R at 112.191.
Target 1 is at the 0.618 C/D retracement which is above point X (S&R). Target 2 is above the 0.382 C/D retracement which is above the S&R of point B.
TTD - Flag formation Momentum trade from $40.13 TTD had a very good run recently & now seems forming a flag formation. We are looking for a pullback to get in to the trade & would hold it updating the stoploss behind the trade.
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Flag setup (Possible Day Trade)
Entry Target Criteria- Pull back to $40.13
Exit Target Criteria- Momentum
Stop Loss Criteria- $36.93
Please check back for Trade updates. (Note: Trade update is little delayed here.)
AUDUSD Cypher at MarketHey all,
Just found this at market Cypher pattern on AUDUSD, It did complete a little earlier but is still valid as the X leg hasn't been broken. Will be looking for the usual 38.2 and 61.8 targets, and the stop loss I have on this is the 113 fib. Risk Reward is actually pretty good for a Cypher, as normally it's slightly less than 1:1!
Will be looking for a press up this week as it's a relatively small pattern for the 4H timeframe,
Fibsii