The daily chart offers a broad perspective of what is going on with the GBPUSD. Be prepared for a breakout and momentum in the according direction. I would assume an upward breakout, BUT, this is trading, so be prepared for everything!
The German DAX slowly ascends the rising wedge which typically results in a downward breakout. We also see loss of momentum on the RSI. (Bearish Divergence) This could lead to a pullback before we may see a retest of April 2015 Highs. Trade your plan
Opportunity to break the cup with handle pattern described in the Encyclopedia of Chart Patterns by Thomas Bulkowski. Be aware of the EMA 200 which lines up above the resistance channel. Trade your plan!
Recently saw a nice pullback into the structure zone (blue rectangle). RSI went overbought on first move. Got a potential double top in this area where also the 50 % retracement lines up. Additional confirmation would be RSI divergence. OR: There is a chance we see a new high into the 61.8 retracement at the top of the blue box, so be prepared for both...
Potential Cypher Pattern for Daily Traders on GOLD. Entry @ 78,6 % Retracement. Stops below X Targets according to your plan. Trade your plan!
After yesterdays setup we broke structure to make new lows. It is therefore important to stay in the opportunity flow of the market and stick to your trade plan. If we reach level D we get a valid cypher pattern formation for a short entry. Stops above X. Trade your plan
Hey traders, Potential Bearish Cypher Pattern on the 60 min Chart. Trade your plan. Stops above X. Targets according to your plan. Greets.
Bullish Bat Pattern on the $EURUSD. The entry level aligns with the Daily 38,2 Fib Retracement of the total swing. Stops have to go below the 1.0600 Trade your plan!
Possible Cypher pattern for short entries on EURUSD. Mangage Stops and Targets according to YOUR trading plan. Have a great week of trading!
Two possible advanced patterns in form of a bullish cypher and a bullish bat lining up above previous structure support giving us a decent buying area.
Bullish Bat Pattern within Trend with potential double bottom For further confirmation wait for close of 4 h candle and a potential double bottom. Stops below X. Targets are 38,2 % and 61,8 % retracements as shown on the chart. TRADE YOUR PLAN! Peace. Felix Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Currently see a retracement into previous structure which now should as support. Stops below X. Because we recently saw a new structure high I am shooting for advanced targets for my second position. TRADE YOUR PLAN! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Not too much to say. Advanced Gartley Formation on 4h chart. Looking for 38,2% and 61,8% retracements as potential targets. Stops have to go below X. Good trading Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Retracing in form of a complex pullback back into structure which now should act as resistance. Expecting further downside continuation based on daily timeframe. Trade your plan! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
I am currently holding my long position on EURAUD. I got involved in the blue cypher pattern with stops resting at 1.4476. We violated X but hold the 1.4500's even handle. The bat pattern and the double bottom with RSI divergence adds further strength to this setup. Trade your plan! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
In this case I give you a very precise example of how I look at the markets. Expecting retest of the lows before hitting the stops. Have a great week of trading! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
For those looking for valid entry reasons: Bullish Cypher Pattern within trend at previous structure. Market respected the level past two day (see wicks). Make sure to trade your plan! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Bearish Bat Pattern within overall trend of this pair. Trade YOUR plan! Good luck, Felix. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl