Daily Bull WW triggered and nearing target 1 3 wave corrections with bull divergence on the 1hr/30mins 1HR also showed an imperfect bullish HD 30MIN Bull Reg Divergence All speculation
Are we having some weakness in JPY... Who knows. I don't!!! DAILY Bullish Divergence coming down to support zone at 110.248 4HR Bull divergence which also displayed at bull WW confluence with a bullish ABD pattern
Ok ok, here on the 4HR time frame we have a bullish pattern in which i opened my trade at 108.975. This was promoted by a retest of my price zone reversal on the daily time frame pattern, guessing which?? a good guess would be a harmonic if you see it. Lets see what happens dudes? #BearringtonTrader #Long #USDJPY
Dollar weakness has caused for the euro to surge. My initial analysis was the daily wave formation. Currently in W5. I drilled down to the 4hr and 1hr to identify a pennant, which is idle for trend continuation. Fast forward an imperfect head and shoulders pattern. Entry around the 1.22 zone target set a 1.24. 2nd position opened, i'm going to trail and squeeze as...
What we have here is a SHORT position on NZDJPY (1HR Timeframe) My Bias : 1HR Setup was preceded with a Reg Bear Divergence PA showed a rejection of the 88.6 level, confluenced with a supply zone at 75.975 Missed WEEKLY and MONTHLY pivots at 75.03 and 74.0897 In the context of the Higher Timeframe: WEEKLY PA had been making new lows, however we...
Soooo, we have a DAILY setup (Bull 123, with a hidden divergence) with also a daily rejection at 200MA, with a 3bar rejection/morning star. the 4HR TF also formed a bullish setup - 123. I took the lower TF entry - reg bull div, stops at 1.11203. Let see what happens #BearringtonTrader
What we see here is a Bull 123, Hidden Divergence PA potentially may find support at the 200MA, i can expect a few pin bars down to a previous demand zone at 1.10702/1.10518 and the ascending TL. We look for an entry on the lower TFs to get into this move. Look like i'm The Bullington Today. Lol
PA may potentially form a Bullish Gartley Pattern. However I've identified two scenarios where action may be taken. For our Bull setup i've identified my reversal zone at about 0.70484/0.69796 confluence with (78.6/127.2) fib levels. However price may go to break the top of our previous high, only then will i wait for price to reach a nice supply area, either at...
This is a Setup best known as a Bearish Advance Divergence Butterfly - (Bear ABD). With the daily TF showing a Bearish retrace rejection i took a short trade on the 4HR TF via a Regualr Bearish Divergence. Target 1 already hit and PA has now pulled back forming a potential retrace rejection and also was showed Bull Hidden Divergence. However PA is holding at the...
So we may have a potential garley pattern in play which i plan to take the short, given some confirmation. However an elliot wave has been formed which may take the current wave higher. A close above the previous peak will prompt me to change my outlook from short to long
In my opinion, we may a correction down to a key fib level, potentially forming a bullish gartley. I plan to take the short, just waiting for some confirmation.
Price has formed an AB=CD pattern, along with a bullish butterfly. Which was lead price to my potential reversal zone. May potential go long and the 4HR due to a bullish divergence pattern.
Following the harmonic pattern, price has retraced and penetrated and also rejected the 61.8 fib retrace (golden ratio) and 200MA, price may go to test the region again break above and fail or start its decline. My entry is highlighted by the blue rectangle, stops above the high of the blue box. Risk = 2%
US DOLLAR has end its EW3 and corrected itself in an ZigZag channel pattern (EW4), this may have came to an end and EW5 may be a foot or it could touch the highlighted reversal zone again. Will look for possible entries on major pairs, to increase the odd i'll look at pairs that are fundamentally divergent too.