This bat pattern could be what we need to kick start the correction from that big ab=cd to the left, a good buy entry could be a break of the CCI trend line as the price enters the cloud, with the stop behind the X point of the Bat pattern. Then when the price broke out of the other side of the cloud I would move stop to break even. I would look tp take profits...
This is a great looking set up. Will get long with break of ending diagonal.
GBPAUD looks like it is at they end of of a 1-5 EW cycle. Possible long coming.
Looking for a possible long position in EURJPY, scaling in and out, while moving my stop up conservatively to lock in profits, good luck!!
There is some strong resistance above EG but if we can get a break out of this wedge and above that weekly pivot point, there is lots of potential upside, possible all the way up to that missed monthly pivot point all the way at the top. I would look to break this into a couple trades or scale in and out when possible. Good luck :)
GBPJPY is looking like a good long next week as it bounces off of the support created by the convergence of the 2nd and 3rd wave. We may see an expanding wedge set up here or a bounce up straight from the double bottom, either way be sure to put stop a safe distance away from 186.4 because there is a solid chance it my test it a few times before going up. I will...
Looking like we may get a correction of the 1-5 EW cycle. There is too much resistance overhead for me to want to get in long at this point, but maybe if it can break through some of that resistance and offer some better R:R I can get in long. ADX shows a peak of trend and a reversal of momentum. Oscillator became oversold and is now showing divergence as...
I'm looking for a continuation up in GCAD but first its going to have to break out of the ending diagonal at the bottom of the cypher pattern and then it needs to break a weekly and daily pivot point, and the VWAP so more down is very possible but if i does break that resistance be prepared for a nice move up!! I would trade this one which ever way it breaks...
Price is bouncing off of a weekly pivot point/1.618 extension of the A wave as it sets up an ending diagonal/wedge pattern. Look to long with a break of wedge. I will start scaling out around 1.522 with a termination point of 1.526. Remember to always put ur TPs safely ahead of whole numbers and s/r to make up for spread or a slight error in calculations. ...
I was long on this earlier today, but closed for the weekend. Will look to get in long with a break of they expanding wedge early next week!! Good luck ;)
EURUSD could run up to the 1.067 - 1.069 range next week. I will get long with a break of the ending diagonal/wedge pattern and start scaling out around 1.067 with a termination point of 1.069. Good luck guys and girls :) For some reason the A on the first ABC pattern all the way to the left got misplaced.. No big deal just wanted to point it out for people...
Possible short if price dropes into green zone... I will be scaling out at the end of each green zone.. Good luck :)