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CHFJPY-H4 Potential The Three Hills and A MountainCHFJPY-H4 - Potential The "Three Hills and A Mountain" Trade : The first trade occurs on the close below the trend line. The second trade occurs after completion of a 62% retracement to the downside-"AB." The second trade is a "long" trade from "C." Target : The first trade target (Short) is 62% of prior swing length-"AB." The second trade target is from the "C" level, which is 100% to 127% of "AB" to the upside. Stop : Place the "first trade" stop above the "B" level and the "second trade" stop below the "C" level.
Long
by erbe
1
Bitcoin - Bullish Three Dive (confirmed) back to ATHHello, following bitcoins way back up from recent downtrends. Bitcoin was headed for a long correction after ATH, due to chinese and koreans it procedes faster than expected. Still it followed the bullish three dive pattern, which will reach its goal soon enough. Here you see the typical bullish three dive which is confirmed by following the downwards trend canal and as you can see, point A is a ~62% retracement from the first fall confirming the Bullish Three dive. Also the 1,27 diameter between , and are beeing hit! The only rule thats not hit is that dive 3 is not as long as dive 2 since it should have hit 11k by about right now. (taking 4 day dive). Finding some support on high dives i think this rule can be neglected, but please judge for yourself! I expect BTC to hit the fib support level of 12.000$ over the weekend and then either slow down a bit (and even fall to 11k for a short time) or go straight for following the pattern back to its recent ATH!! Best time to buy from 12000-11000. Stoch RSI, RSI and MACD confirm still the short downtrend.
BITSTAMP:BTCUSDLong
by crypto_heroes1
XBCBTC 4H Three white soldiers very bullishI was just checking the charts today and found this very powerful pattern which is driving the financial market since ancient time. Three white soldiers’ formation. Based on my calculations I can found out in very precise manner take profit area. It is hard to say the exact time when it will happen but it is almost certain that this level will be reached. We can observe on the daily chart very big caffeine candle which created nice support area close to the 50% of the body of the candle(shadows aren't consider) which is marked with black line. In my opinion this pair has big chance to go as high as 0.240000. I will post next part of the chart in next idea.
XLong
by Krystiannwk
4
Aussie interesting price action There is slightly irregular three soldiers formation on hourly chart. Weekly chart is revealing price range between the Aussie it trading for the last year( Range between 7170 and 7710) Bottom line was tested twice while the upper part was tested multiple times. It is clear that every time price reached bottom part of it and than moved very quickly towards north. This price action suggest that buyers are in strong position here. Aussie found strong support in 7500 area. There are two outcomes I can see here : 1. The support at 7500 will stop losses and price will move towards 7640 2. The price will go thru this area with nice bearish candle and will go to test 7200 area for third time
Long
by Krystiannwk
Steem important support level low risk to high probable profit We can clearly see here two very important levels to watch for( marked with two parallel black lines). Level around 0.00013555 which was created by double bottom in the November last year. Above it around 0.00015000 level pair was holding for a while between the end of the December and beginning of the January. Mid of February level was broken and the pair went south very quickly just to rise up in mid March with very high volume. Pair for the last 16 days is testing support around these two levels. I marked three soldiers formation with blueish rectangle which is suggesting trend reversal. I think it would be reasonable to set SL just below lower level. TP area would be around last high around level 0.00032000 or you could just wait some time till the pair will reach 200 ema which should bring some interesting price action. I would definitely close position when the pair will be close to the 200 ema.
Long
by Krystiannwk
2
GBPAUD double bottom and very harmonic three soldiers formationHuge doji candle formed in October stopped losses, then in next 5 moths pair created interesting formations close to 1.6000 three soldiers followed by double bottom. I put TP very high based on my personal calculation in relations to the three soldiers formations. GBPUSD rebound from all times low at 1.2000 which in my opinion will put pound in bullish mode for some time. It is long term position but I think it could trigger TP or SL in relative short time. If the pair will follow my idea I would suspect some side movements close to the 200 ema.
Long
by Krystiannwk
AUDUSD Three Drive Pattern in the makingSaw this ABCD pattern which might be heading to a Three Drive Pattern after bouncing off the .618 retracement level. I'll keep following this pair, I might go long if the price cross above .76240 but I'm mostly using it as a lab to try a couple new things. First one is using divergence when able. I don't rely on it yet to confirm my ideas, I just try to spot them and see if the market react accordingly. Once I'll be more comfortable using them I'll try to see if I can make a strategy out of it. Second one is Fibonacci time zone. Since I started trading, Fibonacci is something that really blew my mind. When I learned a few days ago that you can also use Fib retracement to see WHEN a price will move significantly I was really excited. For now I'm just using it to see how accurate that is. I'm not exactly sure yet how that will help me in my trade. Regardless, I find it neat ^^ Edit : Just realized I publish an idea a few days ago where I said we were in the 4th wave of an Elliott Wave, that would confirm the Three Drive Pattern
by Pronoe