Hi there.
We have a good butterfly pattern in a daily range.
The minor trade have been put into play because of the state of the price in lower timeframes...
As soon as the price fall till our biggest trade, it will be overextended.
Stops loss is really good in both.
Hope the best.
First, credit for this idea must go in large part to our esteemed Alexander_Nikitin, who posts so may solid trading ideas here, using his XABCD pattern strategy rules.This idea of mine comes from his post linked below on USDCAD, and is another example of an idea that has been percolating form a while.
As I have been studying both Elliot Wave and harmonic (XABCD)...
Hey Traders,
Bat Pattern completion at 0.72214, Targets at the 38.2 Fib Retracement of the A-D leg with stops being at the 1.272 Fib Extension of the A-D leg.
Butterfly Pattern completion at 0.70965, Targets at the 38.2 Fib Retracement of the A-D leg with stops being at the 1.272 Fib Extension of the A-D leg.
Trade Your Plan!
Waiting on the President to speak and looking to trade the momentum in either direction...
250+ Pips SELL to BAT (D) PRZ assuming we breakout lower!
250+ Pips BUY from BAT (D) PRZ
250+ Pips BUY if we break higher out of Triangle
Good Luck!
KEEP THE RADARS UP!!!
GOLD has recently been bullish non stop. and It has rejected the 1263 level I predicted.
In order for me to sell confident, I would like to see a clear break and retest of the 1240 level, and confluence of the trendline retest. If that doesn't happen, I won't be risking my capital.
Massive MACD divergence on H4.
Decent triple top on H1-H4.
Daily rejection of key level.
FIRST TRADE PLACED ON MY NEW TRADING ACCOUNT. 2% RISK. LETS GO
This one seems like a no brainer and makes me want to short now even though my strategy calls for me to wait for a candle reversal. Price has tested this area multiple times. And the long term EW count supports it. Stop nice and tight just above the resistance area.
Here is a perfect example of a harmonic pattern but not a harmonic pattern opportunity! An ideal Deep Crab that has many WARNING SIGNS. The Terminal Bar (the exact completion point in the PRZ) and RSI condition are less than ideal. Also, Harmonic Traders must understand that the EXECUTION PHASE of any harmonic pattern OPPORTUNITY does not begin until Terminal...
We have received the impulse that has confirmed more downside for this pair. Now price is starting to form a corrective pattern. It is best to look for short after the corrective pattern is completed. Good luck everyone
Nearly matching highs after a long correction with pretty decent mirroring between descending and ascending periods (within the "cup"). Price has already retraced 38.2% of the cup, which measures the total retracement off of the all-time high (ATH). The fact that price tested major structure support at that level is supportive of the possibility that the...
There is a chance that AUD/CHF could significantly go down during next few weekly sessions. The reason for that is the formation of an ending diagonal in a C wave position which is much clearer to see on a daily timeframe.
The present analysis goes side by side with similar projection for some other pairs:
EUR/AUD - up
EUR/NZD - down
NZD/CHF - down
Hey everyone. The pattern we were expecting to see on AUDUSD has changed and we no longer will consider it. So, we will watch for price to reach the top trendline and see how it reacts. MACD is showing divergence which signals reversals. Good luck and safe trading everyone.
