I tried to buy the breakout today but it unfortunatly moved down for another leg after moving a bit in my favor. thats when the morph from the pennant into the flag pattern happen. however. the setup is still intact and i will try to buy the breakout tomorrow again. the upside potential is pretty big (all the way to the box) so we could have an amazing RRR.
im not looking for shorts here because i like shorting the AUDCHF alot more (setupwise) and i dont wanna bet on the same move on 2 AUD pairs on the same timeframe. im also currently not looking for longs but if we go alittle bit higher we have a breakout in play. the butterfly pattern most likly will produce some consolidation so i will stay patient and wait for...
Really nice setup here. We are curretly retesting strong prior resistance/support further we are in an downtrend or at least downward corrective move. daily chart is really messed up so hard to tell. at least recently we are moved alot more to the downside. due to a good harmonic move id like to see a three dive pattern here with a great RRR if it plays out....
plenty of opportunity here. im currently looking for a short, tho we have an gartley in place. but i might open a position in the other direction as well if we get to get gartley. that way we will at least make some profits from the gartley if it stops out the short.
good oppurtunity to go short with the overall trend. rest is on the chart.
We are currently approaching the trendline in a very harmonic lookin trenchannel. further are we at strong resistance. Look for a doubletop on a 15min timeframe or something like a pinpar or doji on the 3h ( like we saw on the last retest) to go short. if you wanna wait you can also go in after the confirmation of the doubletop we are seeing on the 3H. but...
Bought the original breakout. stops are breakeven and TG1 is hit. now im lookin for a follow up to target 2. Since we are currently consolidating in a triangle i further look to add to position if we see a breakout out of it to the upside.
Im looking for a sell below the lows of the original breakout spike to look for momentum kickin in. If we however see further consolidation (flag or a good looking triangle) then i look for a improvement of my original entry to the upside. but so far, i dont see it. targets a bit before the 61.8 of the full upmove.
Im currently looking for potential corrective move in Copper. Market is down so only use moderate risk (half position). To confirm the entry i wanna see a break of upper trendline of the BC move (middle dashed line) on a lower timeframe or something like a doublebottom with retest which should then also break the trendline. keep your stops tight below the lows if...
Try to use the breakout of this trendchannel to catch the move that is completing the shark pattern.
Use this Shark to once again try to catch the downward move in trend direction on higher timeframes. Im using a half position because its not that clear of a setup.
use the breakout of of the shorter term trend channel to trade up inside the bigger trendchannel. Buy once we see a breakout outof the flag pattern.
Gold shaping up for a longer term reversal in trend. Currently sitting at a breakout from an ab=cd correction move. look for a buy to the upside.
Buy the Flag to the upside. Watch the daily resistance carefully and make sure to protect your profits there.
Wait for a clear breakout or the retest to go short. TG1 small 1:1 to book profits and TG2 for trendcontinuation to the downside.
Look for an entrysignal somewhere in the red box. Can be a pinbar on the 1H or something like a doubletop on the 5-15m timeframe
Short below the double top. Or wait for the Restest of the upper trendline after the break below.
First potential setup for the week ahead. I think its likly that will come up further. The real question is whether or not we will make it all the way up. Sometimes sharks still tend to reverse at the 786 cypher reversal zone - but the risk reward wouldnt be that great if youd enter at the 786 straight away with all that upside reversal potential a shark has....