As you can clearly see from the Trendline drawn we can determine that NZDJPY is bearish. So to get along with downward ride we are looking for opportunities and the market is retracing up to offer us a chance to sell. We can also note that both Trendlines coincide in the resistance zone we have marked already. NZDJPY may retest the Bearish trendline and may...
NSE_EOD:NIFTY which is traded in NSE,Mumbai & scrip name as Nifty Futures January is likely to continue its downward move and possibly reach around 7250's. We know that Gaps act as Resistance/Support and check your trade plans to place stops around that region NSE_EOD:NIFTY from 7650's to 7750's. Possible Targets around 7200's to 7250's and its more likely to...
Bullish Gartley setup in FX:USDJPY , if you are looking to go long its right at Pattern completion D. Lets hope the Trade wins ! Happy Trading !
Bearish Bat with very good Risk:reward ratio. With RSI also being overbought, we can expect the pair EURGBP to go down to reach our targets around 0.7550 and Stops around 0.7579's Happy Trading !
There is a triangle formation ready to break out at H1 which allows us to enter with a very tight stop. LONG at 107.5 with SL at 104.81 TP levels are at 122, 127 and 150. RRR 1:24
Cypher setup D completion around 0.7315 Target 1 around .0.7232 Target 2 around 0.7180 SL above X
*READ NOTES IN CHART* KEY LEVELS DETERMINED OVER ALL TIME FRAMES RANGING 1W-1MIN
- POTENTIAL SHORT - XAUUSD - BREAKOUT RETEST -
It is at minimum risk in order to get higher reward, SL 2949 and T1 3262 Can take long in small quantity and once the risk shrinks further then can increase the quantity.
Entry at the retest of the Pitchfork line (Bread and Butter setup)
Hello Traders, doing my weekend market analysis before market open I've found a nice potential bearish bat pattern on the 4h chart which perfectly lines up with the 1.618% Fibonacci inversion. Stops and Targets as shown. -Have a great last trading week before christmas. Felix
This is a perfect example of how simple pattern trading can be. Two potential Gartley Patterns lining up. Because of the deep B- leg the potential D points are close to X, which gives us excellent RR setups. Just make sure they meet your personal rules for entry. Good trading. -Felix
EURUSD has completed a large Gartley pattern on the weekly TF at a very important area of support. The support comes from a trendline dating back to the year 2000 which has been tested three times and has yet to be broken in the past 15 years. This is the second time price has tested the Gartley PRZ, proving it to be a key area of support as well. To add to...
There is potential short on Pound dollar right after price just False break out from resistant 1.5245. Price has retraced to 50% Fib. Retracement. We're looking for price starting to bearish and if it does, we're taking our profit on 1.515 for a 100 Pips. This setup has risk reward ratio 1: 2.
The same trade as before, the same pair, the same rules! Waiting for a reversal pattern in this timeframe or in a lower one to enter in a good R/R. But how there isn't a major structure and no reason to the downtrend to end, i'm not going to be to greedy with my targets, one at the .382 to secure some profits and the other one at .618. GOOD TRADING!