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Xabcd

USD/CAD XABCD pattern shown. Potential long term investment.This shows to follow the XABCD pattern with the possibility of going long due to the previous resistance now being formed into a support line that has been retested by previous candlesticks and I am positive that it will rocket up. Also there can be a short term as well because the pattern needs to reverse trend in order of the flow to continue. Once it touches the resistance trend-line, it will hopefully proceed to shoot down in which you can enter accurately and take profit as preferred. Thank you and be sure too look out for more of my analysis and what I think will happen during those periods. (y) (y) (y) (y) (y)
Long
by chiefcapitalfx
A couple of options for EuroDollar shorts - H1There could b a couple of different shorting opportunities setting up on the EuroDollar this week. The first one I'm interested in would be this bearish Cypher pattern, using standard pattern entries & targets. Within the C-D completion leg of the Cypher pattern, there is also the potential for an equal measured move, which would then complete up towards the 161.8% extension of the initial A-B leg. This would also be up retesting previous structure highs which are at a significant level on this pair. A couple of choices of how you might choose to involve yourself depending on how you trade. Let's see how it plays out!
Short
by bmck1
4
Gartley pattern trading - Practice mode only Experiment Gartley Pattern on WTI Crude Oil - 1H chart Rules: 1. AB strictly fall between range 0.618 - 0.768 retracement of XA 2. C point terminated between range 0.618 - 1 retracement of AB leg. 3. C cannot cross A level 4. D (Very Important) - Should be between 0.618 - 1 retracement of XA leg. However, I used Fibonacci Extension and pick D at 1.272 which is very close to "1" and very safe to "Short" from this point. Safe to SHORT with low Stop Loss range. Higher Profit/Loss ratio Things to remember when trading Wait for the perfect setup. Patient Patient Patient. Don't use "Hard Stop". Use "Soft Stop" Use have to willing to lose when you trade Don't go too big Don't over trade. Find a perfect setup and stick to it.
OANDA:WTICOUSDShort
by hungbui
GBP/USD Gartley PatternAlmost text book Gartley Pattern setup. I will wait for monday to possibly create a lower high and maybe an M in London. I will be setting a pending order at the .618 retracement and set an 80 pip stop loss. I will not be taking a huge position in case I am wrong. I do not want to lose all my capital. I will roll my stops IF the market begins to fall in my favor, I will eventually move stops to break even. I will set my TP a little bit before the full D extension in order to not get tricked out. We shall see what the week brings, but I will not be entering this trade until I see a .618 retracement. Best of Luck -The Market Vampire
by FXVampire
1