I already mentioned that briefly as the target of my long, but if you trade plain patterns, then you should get your orders in if you havnt already.
I think the chart explains the setup very well. what we now need is a good entry point. thats why im waiting for some form of consolidation - that fills out the oranges lines. either upwards horizontally or in a triangle shape. i will watch for that into next week.
yesterday i posted a similar chart, wanting to buy oil after the break of the significant blue solid trendline. but i did want to see some consolidation first. shorty after we had a massiv spike up. my goal is the same tho, waiting for consoldidation to buy. while we are waiting, im looking at this bat as the start of it all. i dont wanna trade it plain, because...
Buy now. We recently finally saw a clean breakout from the strong trendline that we were ranging around for be past weeks. now we had consolidation downwards which we just broke out of to the upside
We just attempted to break an imporant line after ABCing yesterday following the impulse down we saw from the gartley PRZ. if we now confirm this breakout in the way indicated by the blue dashed lines i will be looking to sell. dont take too big targets since gold is still bullish alot on the bigger picture. but i think there is still enough room to make some...
Im currently looking for an CD upmove catch for NZDJPY after a break of this flag, to potentially catch the full bat completion, witch great risk reward.
We are currently sittin in the right shoulder of a daily head and shoulders pattern. Wether we can confirm this or not is questionable currently. The fact that the last upwave failed to reach the upper line of the triangle makes me think that chances are there that we might break the triangle to the downside into next week. we still might see the bat working...
This will be an addon for my already existing EURNZD short (check related idaes), so targets are the same (still on the chart) as TG2 and 3 for the original breakout. but stoploss above the flag ofc. this setup is only valid as long as we can somewhat stay inside the flag(to the upside). if we re gettin a bigger retracement from here, its no long valid.
if we break the current consolidation we can expect the market to go up for the next month or even longer. i will also look to trade lower timeframes but i also will have this long term position
Im not interested to buy EURNZD for obvs reasons, but we have a very nice setup here if we manage to break below current consolidation
We saw a Shark on the 2H, but i didnt want to trad it plain because the impulse leg was a big forced.now we saw an impulse from the PRZ breaking a trendline. after the impule we are now forming a flag down. if we break this to the upside , then im looking to buy
We are currently approaching this Bat with nice ratio confluence at the 886. further we have a 3 wave downward channel inside the CD leg. as long as we dont violate the channel to the upside before we get the fill at the 886 i would think that this is a pretty strong setup. Ofc it will lose massivly in strengh if we get some bigger relief above the upper dashed...
Im currently tryin to short Oil. the UK setup is a bit better tho, we broke the dashed blue trianngle and then saw a retest of it. we doubletopped broke it and now building a steep flag to retest it. if we can break a significant low of that flag im looking to sell.
If we can break this triangle consolidation to the downside im looking to sell. the uptrend proves still a 1:1 and the downside potential is good enough to take this shot
For EURGBP im looking at the false gartley X breakout from yesterday. we are sittin right above X consolidating, if we can take out this consolidation to the upside, i will be looking to buy. im not interested to sell tho.
Im looking to buy this (maybe)ABCD flag formation if we can break above it. upside potential is huge up all the way to the solid blue line
Potential setup for this week in oil. Atm we cant really trade this but if we find aanother downmove, then i be looking to buy above the dashed line.
Im currently tryin to add to the short after the consolidation. im already short since the market spiked down while i was preparing the chart. but i think u can still get in at a retracement.