Tradeyourplan
EUR/USD Enters Consolidation - Downside Most Probable Price action is currently in previous structure (blue box) on approach to test the 61.8 and 76.4 fib levels where a correction is still possible.
Both blue boxes which indicate past structure align with the key fib retracement levels for an entry long. Price action breaking these levels indicates a clean short entry down to 1.12151 and then onto the next weekly support at 1.11448.
GOLD 60 DOUBLE TOP 2618 TRADEHi guys,
Here, I am looking for a reversal. The market was in a nice bullish move but this double top has now occurred. There is already a break at the bottom of the double top so I am now looking for a pullback at the 61.8 retracement level to give myself that extra bit of confirmation. I will have a sell limit in place at that level. This trade is known as the 2618 trade.
My stop loss will go above the double top and that level has also held good resistance in the past. My first target will be at the low of the break and my second target will be at the next support/resistance level. IF the first target is hit, I will take off half of the position and move the stop loss to break-even for the second half of the trade, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 16 points x 2 = 32 points
Reward #1: 16 points. R:R = 1:1
Reward #2: 26 points. R;R = 1:1.6
The Principle of AlterationWaves 2 and 4 within an Impulsive wave will unfold in different forms: if wave 2 is a simple ABC form ( zigzag), the 4th wave is likely to be a complex wave (triangle, double three etc.)
USDTRY - EDUCATIONAL - RUNNING FLAT"Running correction usually elliott wave 2 or 4
Strong impulse move should follow."
USDTRY - R U READY for REAL FLIGHTThis is not suggestion!!!
P.S.: Dont forget its to riskt you can lose your money
CADJPY 60 Bearish CYPHER PATTERN @ 84.75Hi Guys,
This is a bearish CYPHER pattern @ 74.10 and stop loss will be placed above the X leg which is used as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 65 pips x 2 = 130 pips
Reward #1: 67 pips. R:R = 1:1
Reward #2: 108 pips. R:R = 1:1.65
Plan your trade... Trade your plan.
EURUSD W Bearish GARTLEY PATTERN @ 1.1600Hi guys,
I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk.
Back to the trade idea, it is a bearish GARTLEY pattern @ 1.1600 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 335 pips x 2 = 670 pips
Reward #1: 420 pips. R:R = 1:1.25
Reward #2: 680 pips. R:R = 1:2
Plan your trade... Trade your plan.
GOLD 15 GARTLEY PATTERN @ 1286.30Hi guys,
I actually studied the Gartley pattern from a book named "Trade What You See" by Pesavento. It uses the Gartley pattern in conjunction with the famous AB=CD pattern giving us a nice trading range maybe to "dollar-cost-average" into a trade, reducing overall risk.
Back to the trade idea, it is a bearish GARTLEY pattern @ 1286.30 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 4.60 Points x 2 = 9.20 Points
Reward #1: 5.60 Points. R:R = 1:1.2
Reward #2: 9.00 Points. R:R = 1:1.9
Plan your trade... Trade your plan.
USDTRY - 1H - CORRECTIONUSDTRY - 1H - CORRECTION
Your own risk. Do not trade if you dont know what you are doing.
Always remember: you can lose your money.
