15 min Chart Pull back on the 2 trendlines, Good R/R Good Trading Benaki66
5 min Chart Very short time frame, double pattern in place, Bearish Cypher & Triangle, anticipating the triangle break out, massive R/R (20) Godd trading, Benaki66 Trade management: 1.SL moved @ 107.46$ (Risk reduced of 60%) 2. Stop out
Weekly Chart There is a nice Butterfly Pattern combined with a rising wedge, price action seems to have a bearish reaction, Volumes seem to decrease, Stop-Loss juste above the recent high, Target @ a strong support, Have a good trading, Benaki66
Daily Chart Anticipating the Triangle's Break-out on the weekly chart with a perferct Bat Pattern on the daily chart, if prices reach the 0.886 Fibonacci ratio. Target is the historical High who match perfectly with the triangle's target. Stop-loss is placed underneath the precedent low (who will invalidate the Bat pattern). Massive Risk/Reward (25!!)
There is several things that make me think that Gold could go up for 2014, * Perfect AB=CD pattern * Potential double bottom on an historical support * Strong price reaction Target on several resistances, I don't use multiple TP normally, but the TP 1 have a nice Risk/Reward so, for this trade, I do
4h chart Prices reached a resistance area forming a perfect 121 pattern, My target will be 1180, the last low formed on the weekly chart.
Daily Chart Price formed a kind of evening star in a resistance area, seems like a bullish bat pattern is forming, good trading, Benaki66
Weekly Chart Massive AB=CD pattern combine with a possible double bottom and a price reaction ( hammer)
Weekly Chart Huge Bearish Butterfly pattern, The trade, if it goes right, will need PATIENCE, to trigger, to manage and to exit, so if the price get @ the entry point, we need first to watch how price react, if price action confirm the weakness of the current trend, prepare to sell! Regards, Benaki66
Prices are forming a strong support just few pips underneath the PRZ of the AB=CD pattern. Long @ 0.8909 Stop-Loss @ 0.8784 Take-Profit @ 0.9967 R/R: 8.5
Weekly Chart Prices Reached a long-term resistance, seems like a Cypher pattern is forming and the futur PRZ is right on a strong support. There is a divergence in the MACD and a Doji showed up. Very short stop-loss with a great Risk/Reward Ratio. Short @ 1.5493 Stop-Loss @ 1.5623 Take-Profit @ 1.2815 R/R: 20 If the trade goes on, the SWAP will be positif
Daily Chart Prices reached a strong support and a hammer showed up at the exact limit of the Butterfly pattern. Long @ 409.85 Stop-Loss @ 405.65 Take-Profit @ 482.48 R/R: 12