Looks like a Bearish AB=CD on Gold
I am shorting this for a good 125ish more pips. But there is a possibility this could go lower!
Here is the Bearish 5-0 update from last week or so. It hit the 2 fib level and is showing signs of a reversal to the upside as expected. Around 824 more pips up to the Sell Point. Then another potential 1,876 pips to the TP point. I will get in on this buy up to the Sell Point. Hopefully this pair doesn't get hit with news and does what it is expected to....
Looks like EURGBP is going to be a short order for me until it breaks out of the channel and retests. Then I will be looking at a Buy up to the 0.90000 mark
Looks like price is hung up at the moment. Once the markets open up again, hopefully price will continue down to the 2 fib line and bounce up to the "SELL" point.
I dont trade crypto at the moment, but this pattern looks like it's primed for an upward move soon
Looks like we have an AB=CD forming on NZDCHF 4H tf. I am selling this to the "BUY" point.
This could very well drop to the bottom white line, but for, it's a buy to the top white line
We have a Bearish Flag breakout, and price went back into the flag. I suspect that fakeout is just a forecast of what is to come soon. I'm in a sell right now
Looks like we have a nice Bearish 5-0 on the EURUSD 4H chart. My sell limit is at 1.13800 The take profit fib level lands on a significant level also (the red line)
I don't know if price wants to drop to the bottom of the pennant roughly 115 pips before going up, or if it is going to retest the yellow line and jump to the top of the penant. But price shows its hand, I am going to wait until the long opportunity comes up and I will enter.
I'm shorting NJPY until this channel trend line before it flies to the upside
This one is a bit trickier because of the intense Bearish momentum that we have seen last week. But I am taking my chances and entered a long position late last week when I saw it stalling out. Technically, I don't think the Bearish 5-0 pattern is valid anymore, so I have arrows at the possible resistance levels this could hit before dropping again if it does...
This pair has been unpredictable as of late, but I think the Bearish 5-0 is still in play. I don't have the margin to take this trade so I might have to wait for price to reach the red box for the sell point.
This is a possible Bearish or Bullish 5-0 pattern. Waiting for confirmation to see which pattern price will form
I am waiting to see if price wants to retest the white channel line or if it is simply going to bounce off the yellow line and fly up. It's roughly an 87 pip drop to the white line before the drop and roughly 430 pips to the upside. Wait for confirmation, but this is Bulls for me.
I am selling this until the green circle where I am hoping it will retest before forming the "D" point on a possible Harmonic pattern. I drew up a few fib levels and placed green boxes where the "D" point could stop at.
EURGBP finally broke north or of the bullish wedge pattern and might drop around 30 pips or so for the retest. I am going to wait until the retest and hopefully I have enough margin to take this long position!