emperius

emperius

Long here. Supported by Daily turnover as well. First virtual target is point X of harmonic, from here, adjust stops for point B as well. Until then, further analysis resumes.

emperius Updated 

Short now. Butterfly pattern, at 1.618 of XA, maximum possible pattern. No stops to prevent stop hunts. Usually point B for target but .886 of XA an excellent starting target.

emperius

Short imminent. Flexible stop loss or no stop loss needed. Move stops at break even upon price break downwards. Aim harmonic point B for target, but not required. If it turns over before B and shoots up, your stops should be well in the green, or at least break even.

emperius

Harmonic Cypher formed at the H4 time frame. Short target expected at point B, if not, stops should have been placed at break even upon price drop. Add lots or remove accordingly. Possible GU Weekly turnover for a long term long.

emperius

Harmonic confirmation on hourlies. TP at 50% C to D retracement.

emperius

Traditional trend trade to the 38.2 retracement on the Daily.

emperius

A possible long here due to the combination of a downtrend break, falling wedge continuation pattern better visible under the H4 time frame and another possible completion of a harmonic pattern. Harmonics are *only* meant to be traded at point D, so take caution, 300+ pips.

emperius

Typical harmonic formation on the 4 hour. Not seeing any further short due to 86.645 resistance. Price (as of this idea) is around, in fact passed the 1.27 retracement. Also, these patterns have 60-80% probability? We'll see.

emperius

Upon touching the 1.618% smaller Fib retracement on the 4hr. chart, there 'should' be a move upwards to the 38.2%, approx 130 pips.

emperius

It has yet to break the downtrend channel at 1.4840. Further structure may leave more clues.

emperius

Gartley formed, potential short to the 0.236 (.95328) retracement on the weekly charts.