WirmachenTrader

WirmachenTrader

The DAX comes right back into the previous support zone which now should act as resistance. We got a 50% Retracement from the swing high and a 1.414 Fibonacci Inversion lining up perfectly at the outlined area. The RSI also shows that we are heavily overbought. Good luck! Give me a Like if you want to see more of this.

WirmachenTrader

We previously had a first signal that the short-term bullish moves (remember: we are heavily bearish on the daily time frame) could come to an end. The arrow shows the close below the previous low. We therefore looking for a shorting opportunity on this pair which lines up in form of a bearish gartley pattern. Beside the standard target 1 (38,2% oft C-D leg) ...

WirmachenTrader Updated 

Not too much to say about this potential setup. The pair is in a sideways consolidation for quite a long time (see my last outlook on the daily timeframe attached below). The market formed another advanced pattern in form of a bullish cypher pattern which completed on Friday. If the market opens at the same levels, there will be the opportunity to give it a...

WirmachenTrader

TRADE WHAT YOU SEE During my Top-Down-Analysis which means for me that I am starting on the Daily timeframe, I thought this kind of process would be quite interesting to share. 1st: I identified the broken structure to the downside 2nd: I anticipated the outside return into previous strc. resistance, which completed last night during the asia session. 3rd: Now I...

WirmachenTrader

Found a nice bearish BAT PATTERN where the completion point D perfectly lines up with 61,8% retracement from the swing high to swing low. Stops about X. Targets: 38,2% and 61,8 % Retracements as shown on the chart. -Good trading and a happy new year. Felix

WirmachenTrader Updated 

Very symmetric cypher pattern completing at 78,6% Retracement as shown. Consider your Risk before taking this trade. Targets are 38,6% and 61,8% Retracements from C-D Good trading.-Felix

WirmachenTrader

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

WirmachenTrader Updated 

This is a perfect example of nice harmonics at play. We've got a potential bearish bat pattern lining up at the FIB 1.618 Inversion and the 61.8% Retracement of the previous downswing on the higher timeframe. TGT's as shown. Good trading. -Felix

WirmachenTrader

In this case, two potential bullish pattern lining up to give us a reason for entry. Stops have to go below X. Targets are 38,2% and 61,8% from C-D leg. Make sure it meets your personal rules for entry. Good trading. -Felix

WirmachenTrader Updated 

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

WirmachenTrader

We recently saw a new structure low on EURUSD. The X Point was therefore a fake breakout. We are now looking for a Cypher completion at 1.0784's which perfectly lines up with fibonacci inversion and strc. Good trading. -Felix

WirmachenTrader

After a previous new strc low we saw some consolidation at previous structure. Now looking to short via Pattern Formation. Make sure you take the right action according to your personal Risk/Reward rules. Good trading. -Felix

WirmachenTrader Updated 

The analysis from last night paid of. Now price completed point C of the Bat Pattern. Completion Point D, which would be our sell spot, perfectly lines up in previous str. resistance. Based on price action it is still within the recent trend. Stops and Targets as shown. Good trading. -Felix

WirmachenTrader Updated 

Possible shorting opportunity on EURUSD 60 min. Still within the last OR after seeing a new str low. So perfect place to short. Stops at around 1.0788's Targets: 38.2 % & 61.8 % Retracement. Good Trading. -Felix

WirmachenTrader

Here is another example of an advanced pattern lining up within the main trend. The completion Point D of the gartley also lines up with the 61.8% Retracement of the last swing low, which also should act as resistance. -Good trading. Felix

WirmachenTrader

A beautiful example how news can line up perfectly with your recent technical analysis. Just followed my plan and gained a nice profit. Keep in mind: It's not about the profits! Therefore I closed my first half of the position before the news. Good trading. -Felix

WirmachenTrader

Hi there, 1 We identified a bearish trend with a recent new structure low. (2)IF the Trend continues THEN the last OR cannot be violated. (3) Therefore we are looking to test this hypothesis and get a qualified shorting opportunity in form of a bearish Gartley Pattern. Remember: There are several ways to trade this pattern (Talking about Stops & Targets)....

WirmachenTrader Updated 

We recently saw a nice break above previous structure resistance now are coming support (1), Indeed, we rallied from this level to new structure highs (2) . We are now looking to get involved on the long side via a bullish Cypher Pattern completing at around 121.52's (3) . Stops have to go below X, Targets based on your personal rules! (potential Trend...