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Hello guys, check out this new trading strategy I develop. Backtest it and let me see what you gat. Love y'all
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A bearish shark pattern has just been confirmed on EJ Below is the correct measurement of a valid shark pattern OX RETRACEMENT = 0.382 - 0.618 CLOSED AT 0.5 XA PROJECTION = 1.13 - 1.618 CLOSED AT 1.414 AB PROJECTION 1.618 -2.24 CLOSED AT 1.618 OB RETRACEMENT/PROJECTION = 0.886 - 1.13 CLOSED AT 0.886 TP AT 0.5 AND 0.886 (148.504, 146.690) RESPECTIVELY SL AT...
A bullish butterfly pattern has just been confirmed on eg, the alternate ab=cd pattern confirmed the PRZ Below is the correct measurement of a valid butterfly pattern XA retracement of b point = 0.786, price confirmed that measurement, considering that b point tolerance is (+-3%) AB retracement of c point = 0.382 - 0.886, price confirmed 0.618 measurements, BC...
Hi guys, EURUSD is currently forming what looks like a Bulish shark pattern on H1, with the following measurement OX = 0.5 (0.382 - 0.618) XA = 1.13 (1.13 - 1.618) AB = 1.618 (1.618 - 2.24) 0B = 0.886 (0.886 - 1.13) CONFLUENCE: The Support trendline seems to be holding on a higher time frame, also on daily, the support trendline is holding, price is at exactly...
NZD/USD has formed a bearish crab pattern on the 1h chart, providing a trading opportunity with a 1:4 risk to reward. The measurements for a valid crab pattern are detailed below. XA Retracement: 0.382 - 0.618 AB Retracement: 0.382 - 0.886 BC Projection of D leg: 2.618 - 3.618 XA Retracement of D: 1.618 Confluence: We can see an Elliot wave completion on H1,...
My thought on EURGBP, as seen on H4 TF, EURGBP is currently making lower lows and lower highs and approaching the demand zone, the descending price channel confirms this move, am anticipating that it will approach this support level before upward breakout from the resistance, the downward trend will never continue forever, the question is where is the resistance...
Hi, Guys a quick update on Gold as seen on H44 Tf, is currently ranging and trading within a zone, the horizontal channel plus the more the Support and Resistance levels within this zone is tested, the stronger it becomes and an aggressive breakout is anticipated. will it break above the resistance or below the support? drop your comment below
USDCAD is currently on consolidation after a long rally up, we are patiently waiting for the breakout... OANDA:USDCAD