Trend continuation based on a BAT pattern spotted on the GBPUSD H1 Chart. TP1 and TP2 as depicted. As SL I will use the tiny structure on the left. Happy pips!
After a bullish break out we saw a pullback to the downward trendline, demarking the upper side of the triangle. A bullish bat has just completed and price reacted within the PRZ which is outlined by an almost perfect match of an 1.61 extended AB=CD and the 0.886 XA retracement. Also a strongly oversold RSI is indicating that this could be a potential turning...
AUDUSD is moving sideways which is always a good time to watch out for harmonics. What I see is a nice Gartley pattern. Its D completes at pretty much the same spot where the AB=CD (green) completes. Therefore I wait with my finger on the trigger. -> Entry @0.7640 -> SL @0.7488 -> Target 1 goes to 0.7830 I'll be cautious @0.7731 (green horizontal line)...
The last trade was stopped out, since the price broke the downward trendline with lots of bullish momentum. Nevertheless the downtrend is still in place. Correction has arrived in my PRZ (blue box) of the depicted Gartley. I'm now waiting for the price to show a reaction within the PRZ before I enter. -> SL goes to right above @150.15 Target 1 goes to...
Price is moving downwards since end of Jan. Although the B-level is a slightly overstretched XA retracement the pattern has already completed as a valid Gartley formation. I'm still waiting for the price to show a reaction within the PRZ around the D-Level before I enter. SL goes to right above 0.791 - also a perfect AB=CD completion level Target 1 goes...
Justified by the falling trendline (brown) I would expect the price to touch the blue entry level @148.30 and find resistance. The downward movement is targeted slightly above the level of the last swing low. As SL I would make use the former structure support around @148.75 which also has a nice confluence with the .618 retracement of last impulse leg. Entry...
On the daily I've spotted an evolving bullish Gartley. AB well within boundaries it further comprises a beautiful alignment of 1.27 BC-Extension and 0.788 retracement for D completion together with a tight confluence of an AB=CD. Furthermore there is a pretty nice confluence of D level and former structure highs in Sept '17 and Jan '18 where I expect significant...
On the daily I found this beautiful evolving bullish Gartley. Beside a pretty AB Level the pattern comprises a beautiful alignment both of the Levels 1.27 BC-Extension and 0.788 retracement and a tight AB=CD completion in the same area. Alltogether build a textbook example D completion. Furthermore there is a pretty nice confluence of D level and former structure...
E-Cable is ready to takeoff. Underlying upward movement and pretty nice BULLISH Gartley with good confluence of entry level and potential support - former major resistance since September (blue line). RRR is OK for T1 @1.4925, good for T2 @1.5010 which also aligns pretty well to structure (purple line). Watch priceaction to enter into the trade, once the entry...
UJ is going nowhere since May, just zigzagging. BULLISH opportunity. See chart for details and as always: Once price reaches the entry zone let the priceaction show you the best moment to entry. Do NOT enter blindfolded at 88.6 retracement, since there is a long bearish candle forming currently, signalling a lot of bearish momentum. Happy pips to anybody.
The upward trend of EU was showing signs of weakness the last couple of weeks. @Akil_Stokes had mentioned the end of the upward trend on 2nd Oct. Since then I was looking for a confirmation according my rules and spotted the SHS coming up - a pattern which completed nicely last week on the daily timeframe and confirmed my SHORT entry. I do expext a support...
EJ is bullish those days - for quite a long time. The purple line marks a pivot level on the daily (D1 Chart) that I was observing. Today it turned out to be the level where a BULLISH CYPHER pattern completes. D-point and pivot level are well aligned which gives an extra confirmation. Nevertheless I'm cautious about this specific one, since there is much momentum...
An evolving BULLISH Gartley pattern indicates: Price is ready to rally again. I will look out for price reversal around the blue entry level and BUY. First target is depicted as green line. Those who want more aim for T2 - The second green line.
What we've got: After setting up a double top generally the pair is in a downward movement and broke through support @1.327. The upward correction seems to be over soon. Bulls have let their steam off, but the bears are ready to take control again, which is extra confirmed by a bearish divergence on RSI(7). When to enter: First of all one could use a...
I'm watching this special pair, called "The Beast" for a couple of days. The idea is to enter into a long trade, after the price has retraced to former structure. Since the price is rallying the trade would be a trend continuation trade. Although it seems to be hard to find a valid SL level it offers a pretty good RRR. Happy to read what you guys think.
The Pattern contains a very nice AB=CD (depicted in red lines). SL is on level of structure on the left hand side - very close to entry, so quite a promising trade. Although I missed the entry, since this is none of the primary symbols on my watchlist, I posted it to give interested guys the chance to comment on it. Looking forward ... Cheerz Nemo
1.27 Extension of AB aligns perfectly with the D point of the CD leg. Patternwise it looks pretty nice, but as always: Perfect patterns fail, too. The market does not respect patterns boundaries unfortunately :) So I'm curious to see whether this one will work.
Spotted a bearish BAT on H4 last friday but did not take it because of the weekend. Today I'm in. SL level is significant resistance level for a couple of weeks. T1 @ 382 retracement is all I'm aiming for, because I expect the price to find support.