Sokyu Honma the legendary japaneese rice trader who was made an honarable samurai due to his trading ability taught the strongest trade is a triple top and triple bottom. This is a reliable reversal pattern. Waiting till a reversal around 1.00300 before entering trade would be sound risk management. Good luck friends.
Aud cad triple top forming on the one hour. Very reliable reversal pattern.
Perfect turn around in prz and a bearish day should now follow. Various targets here but I like 1 and 2 for best chance and maby one position ride to t3 and t4.
Bearish 5.0 completed. Target is just below 0.9992
15m gartley has hit prz. Targets on chart. I would run with t1 and maby t2 if im feeling greedy.
Expect some bullish days on usdcad as this gartley completes. Targets at 38.2 abd 61.8 cd leg and the brave and greedy can target a third position at 100% cd.
Usdjpy had a gartley forming on the 1 day chart that has completed about half of the cd leg. The next few weeks is likely to produce a bullish push towards the prz around 1.08711 for this pattern to complete. Once this completion takes place the market will present a good bearish opportunity. First target 105.15 and a second target around 1.0305. This is a...
Gartley on daily completes in the 108 .000 range. Sell off targets from this range are at 38.2 and 61.8 retracement of cd