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BULLISH BUTTERFLY FINISHING ON 1H EURAUDA nice Butterfly pattern is trying to get to the finish on 1H EURAUD. Price action is currently testing a support @ 1.53607. If the level gives there are 3 nice levels with previous structure lows to determine an ample Possible Reversal Zone. The possible XA extensions @ 1,27, 1.414 and 1.618 range from 1.52970 to 1.52125. What is interesting is that the support being currently tested is a nice target to test as a resistance once the pattern finishes. Watch the price action near the PRZ to make entry as well as the RSI to suggest oversold and long entry.
Long
by Carlos_LL
BULLISH BAT PATTERN FINISHED ON 1H GBPUSDA nice Bat finishing on 1H GBPUSD, this trade is a continuation off a previous Cypher and an AB=CD pattern. TP are placed @.382 AD retracement, secondary @ .618. SL placed below X, taking into consideration previous structure lows, look left....This could retest previous support @ 1.4638. RSI oversold favoring a LONG entry. We´ve done well with this pair hitting T1 on the Cypher, stacking up on the pullback for the Trend Continuation and AB=CD pattern all the way down to this D finish.
Long
by Carlos_LL
EURUSD - Potential Trend Continuation Opportunity 15 MI have my eyes on a potential 3 drives pattern on EURUSD 15 M, that is aligned with 0.786% Fibo of the last bearish move. If we add 1.618 Fibo Extension of the 2nd wave, look left you will see a small structure zone. If we combine all then we will get a nice kill zone. In this kill zone I'll be looking for a short entry - the more conservative you can wait for Double Top or perhaps 2168, the more aggressive of you can enter once price is in the kill zone - you will get more than 1:1.5 R/R. If you're patient you will get a nice Trend Continuation Opportunity. Good Luck.
Short
by Aleksandar_Rose
AUDCAD short trend continuation trade on advanced fib formationIt´s been a slow week, market´s are still heavily trending, we had a trade on the NZDUSD yesterday a cypher at the resistance. Here today we got a trend continuation trade on this bearish trend with an advanced Cypher formation at the structure resistance. RSI is about to get over bought. Our PRZ level are 0,94670, stops above X structure resistance + the 0,94900 even handle number.. Possible looking for extented targets on this one. But the safe T1 is at 0,94370 Kind Regards Thomas Jeff
Short
by UnknownUnicorn101425
TCT Using An Advanced Pattern as an entry TechniqueI Spotted this High probability setup today and Just wanted to share with you guys. its a bullish trend continuation trade using an advanced patten (Bullish Gartely) as our reason for entry. Here are the list of elements i used to build a case for entry: 1. A break of major structure to the upside and then a retracement back towards it 2.ABCD harmonic move completing at or potential reversal zone 3. Fibonacci Cluster at our potential reversal zone 4. Potential Advanced pattern formation. 5. 55 Day EMA confluence on the daily time frame. Please this is not trading advice, i'm just sharing my thoughts so make sure you know what you are doing and don't follow me blindly. Thank You. Comments and constructive criticisms are most welcome.
Long
by YemiTrader
EURNZD: Potential Bullish Opportunity at Structure SupportAs mentioned in a previous post, I try to make a habit of looking at pairs outside of my trading portfolio in order to stay sharp and work on my technical analysis skills. Today I found a nice potential opportunity on the EURNZD. Syndicate members I'll be talking about this setup in a little more detail in the video I'm about to produce for you, but essentially what I would be waiting for is a buying signal once we've been given confirmation that this level of support has importance. I'm not sure if I'm going to do this or not, but keep an eye out for me on social media as I'm thinking about broadcasting the first 30 minutes of tomorrow's Live Trading Room session on Youtube. If that is the case I'll get the word out tomorrow morning for you. 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 @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
22
GBPUSD Trend continuation into bullish GartleyA 2 part technical trading idea that starts with a Trend continuation trade where price action retraces to a recent structural level with 0.618 fib confluence (not shown) and bearish divergence on the RSI. Target 2 is a bit higher than I would normally take because I did not want to be short after completion of a bullish harmonic pattern. Next, a bullish Gartley pattern completes with the 0.886 right on top of a previous support level. Target 1 is always the .382 retracement of AD. For target 2 I really wanted t o go for the next structural level since it appears to be a stronger resistance level with 0.786 confluence and, depending on how long it took to get there, also coming in at the descending trend line. I had to remind myself to follow my (admittedly unwritten) rules to take target 2 at the 0.618 unless the pattern is part of a retracement in an established trend resulting in buying the trend continuation. Trade your plan.
by killrsquirel