Getting involved in the potential C-D moveLooking for an opportunity to get involved in this downtrend move got a very nice potential Gartley formation coming right at structure.
But this time the market gave me another signal that stick to my trading rules in order to enter in this position, we got a double bottom at a very psychological number of 101.000 with RSI divergence, so in this trade I'm entering with a very tight stop not looking for a trend reversal trade but a C-D completition move where I'm planning to reverse the position and go short.
Keep it simple, and focus on the process
Twitter: @JeanC680
Jean
Pattern-trading
Oportunidades para transar estructura / Structure TradingEn nuestro radar tenemos un nivel estructural de compra importante, sin embargo estamos esperando que los patrones de precio nos digan que se va a respetar este soporte, de no ser así, esperaríamos un retest a la estructura previa para vender el breakout.
On our radar an important level of structure, just waiting for price patterns to confirm a reversal sign to go long.
Bet pattern almost formed on USDCHF 1h chartWho like pattern trading this is good opportunity. Enter at 0.886% (098795) from X to A retirement at point D, and the first target that I market is on 0.382% (0.99075) retirement from A to D, you can also take second target at 0.618% (0.99265) retirement from A to D. We gonna place stop just below X (0.98630). We have around 1.7 on win/lose ratio.
GOLD/US DOLLAR: Potential Bullish Advanced Gartley Formation A potential bullish Advanced Gartley Formation that (depending on the reversal) may end up being the "C" leg for a potential Bearish Advanced Gartley Formation.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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AUDUSD: Potential Bull Gartley & Cypher Patterns on the 1 HourAfter catching a pain free 2 target winner on our Bear Cypher pattern from last nights video we're now seeing price continue to roll down setting up 2 new potential advanced pattern setups.
In Green is a potential Bullish Gartley pattern and in Blue is a potential Bullish Cypher Pattern.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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NZDUSD: (1st trade of 2016) Bullish Cypher Pattern I didn't plan on doing any analysis today but one of my training course clients shot this over the chat and well...can't pass up on a valid Cypher pattern. Here's to 2016, let's see I can pick up right where I left off.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com