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Xabcd

GBP/USD 4H Bearish butterfly pattern @ 1.34545Pair is currently approaching a major structure level that has worked as good support and resistance level number of times in the past. Bearish butterfly that is potentially forming now, completes right at that level providing a nice shorting opportunity. RSI shuld be overbought at completion of the pattern to confirm sell signal. ATR based stops above the 1.618 fib extension of XA leg. I remind you that it's just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you. :) Trade your plan and good luck in the markets!
Short
by TheDailyTrader_FX
1
USD/JPY: XABCDHi Guys, below I will post the link to XABCD made by GOLD but upside down. US dollar, JPY and Gold have strong correlations. These correlations makes GOLD move one way and USD/JPY the opposite. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by CozzamaraDaZena
19 HK: Potential xABCD formation for -22% downsideSwire Pacific is the holding company for a HK property developer, Cathay Pacific the airline and Swire Offshore amongst other things. Since its last results announcement, HK property prices, the Chinese economy and oil prices have all cratered. Not exactly a rosy picture for the grand old Hong. Price action is potentially completing a Gartley pattern into a massive weekly downtrend line of a descending triangle which suggest lower demand for the stock on each rally. If this turns out to be a reversal (240M MACD has started to cross over), look for the stock to retest the bottom of the descending triangle at $70 which implies a -22% downside potential with well defined stop levels.
HKEX:19Short
by WellTrainedMonkey
2