Gold has been stuck in this wedge for a while now and during so has put in various advanced patterns (in orange). There are 2 more on the radar int he form of a bullish Gartley & a bearish cypher. Something that separates a trader from an investor is the fact that we don't care which way the market goes. Our job is only to take advantage of the opportunity when...
What we have here is a potential bearish bat pattern completing at the same area we have our eye on for a trend continuation move down. Also structure, looking left, and ratio confluence as well. Thanks for the heads up on this one JC.
After creating new structure highs we're now retracing into previous structure setting up a low risk long opportunity. I'd be cautious about shooting for too high of targets since we still haven't passed the major structure area on the weekly.
I've been watching XAUUSD all week and as the overall movement has been bearish, I've been looking at countertrend opportunities of where profit taking may be taking place and relief moves (retracements) will occur. On this chart we've just had the last retracement back into previous structure, now the question is where are we likely to go next? Drawn on is our...
Going to dig deeper into this during Thursday's Weekend Review video (www.youtube.com) but was checking out Apple last night on both the technical and fundamental sides and found reasons for entry whether you're a Bull or a Bear. The weekly has completed a bearish bat right near our high's, but this one right here is a Cypher pattern for the bulls looking to join...
We took a look at a few potential setups on the the Euro last month only to have the market reverse direction on us. Well now we're back and our original setup has brought a few friends along as well.
CTS system traders. It's time to forget about the abundance of patterns setting up on Gold and look at a pure structure based play
We talk a lot about bracketing orders, well we've got our work cut out for us this morning on gbpaud. 3 Gartley's and a cypher. I always say that I can't control the markets. All I can do is control where my orders go. In this case I don't care where it goes, because I'm ready for anything.