Trader-Mick

Trader-Mick

Price quite respected the channel and after the strong rally it created a demand zone, pretty much the place where we would meet the buyers again. Good opportunity for a short term buy.

Trader-Mick

Good time to go long after the gartley completion.

Trader-Mick

VENUS PLUTO ANY ASPECTS FROM 2014 TO 2015 Finding the key turning points using the astrology maybe a great tool for the traders. Using the Astro can be a great tool confirming other technical analysis. X are the points where we did have any effect.

Trader-Mick

ASTRO IN USE Here is just a 3 month data, testing the reversal with the help of Astro. When the Moon enters the house of Aries and libra , it gives us a clue that the market is about to reverse. Its just an additional tool for us to use it with harmonic pattern or elliot waves and in other sense we could use stochastic or RSI to see the markets conditions after...

Trader-Mick

1)AB=CD completion 2) Bearish Bat completion

Trader-Mick

Good potential reversal chance maybe seen at the zone after the completion of the pattern.

Trader-Mick

EURUSD - Currently prices are moving inside the channel and if the price respects the channel, we will see a bullish move and it will help the bat to form. I have got good zone in daily ( marked in red) Potential reversal can be seen around there.

Trader-Mick

EURNZD looking to fill the Bat bearish pattern if the price have a good close above 1.67717, According to the BAMM theory by scott carney, we can go long with a good R/R. And later if the bat pattern completes we can shoot down to the lower structure. The red zones marked are important structure zones.

Trader-Mick

NZDJPY Completed the bearish bat in the supply zone area. Entry @ 82.114 Stops above the zone ( added few pips, I may adjust a little bit later) 1) Take profit 1 = 38.2% 2) Take profit 2 = 61.8%

Trader-Mick

1) AB movement should be 1.13 to 1.618 but not more than 1.618 extension of XA LEG. BC movement should be 1.618 to 2.24 extension of an AB LEG CD movement should be 0.5 retracement of BC LEG 2) Stop loss: It varies but I prefer few pips below 61.8 retracement of CD 3) Take profits : It varies too But I prefer 38.2% and the 61.8%. Entries might be done with a...

Trader-Mick

GBPJPY BAT ACTION MAGNET MOVE: Clear ascending triangle formed and waiting for the break above and target to AB=CD completion zone 2nd Target is the red zone and Sell could be taken around the red zone where the bearish bat completes.

Trader-Mick

Harmonic Pattern Cluster forming. A bearish AB=CD and a Bearish Bat Forming. A good reason there will be for the price to reverse slightly. However we all have an eye in the Dollar index, Its pretty longterm down, so we can expect the pattern to form and a bearish bias after that.

Trader-Mick

NASDAQ In a big channel in Daily and we have got pretty good Bearish divergence in RSI 14 period. All you need is some extra PA to confirm the sell. Maybe we could go to shorter timeframe and look for a bearish pattern breakout to target 53.40 but I would not mind selling with a limit here but we have seen a couple of test so we have to be careful on the sell ...

Trader-Mick

Gbpcad trading in wedges inside a big channel. We have seen a bearish divergence in RSI which is pretty good sign that the bearish bias may take place. Right after the impulse we have seen correct and formed a bearish flag, a close below is needed to project the price downside. As seen from other technical views, GBPCAD seems bearish.

Trader-Mick

Eurusd trading in channels, We have a triangle formation and if the price breaks above then it could result an uptrend to 1.2550 to 1.3000. We could also have a close look at the RSI where it completed the prior low with bullish divergence. It will be a If then theory, If we have a good close above the triangle then we can surely say its going to upside :) Target...

Trader-Mick

A close above the structure high will significantly give us a chance to go long and target to the D1 Supply area . We could see potential reversal around the PRZ level which are the horizontal lines . Sell limits can be placed @187.335 and target to 184.86. This method is known as the RSI+BAMM method . You could see the initial X point has RSI OS area and...

Trader-Mick

Eurusd Bearish Deep Crab Forming. Still waiting for the price to hit 2.00 Ratio of BC extension to have a clear selling sight. However I am waiting for the RSI to reach 70 level (Overbought) Then Target to 1.12564 level which is the 61.8% of CD leg. Watch out for Terminal bar which is the rejection bar when the price hits the red line, we need a ...

Trader-Mick

Though I am not new to Shark patterns, I would like to add some extra Zone to it obviously. Lets see how it runs. This pattern is still on test in my book. We might have a Shark pattern completion around the Supply area where we might see a price reversal. Time projected is 14 hours according to Time projection theory of 38.2.