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Xabcdtrading

GBPUSD 1.24816 +0.11% LONG IDEAGood Day Everyone Here's a look at the GBPUSD pair in the coming week from multiple time frames MONTHLY * On the monthly time frame the pair has been trading in an XABCD butterfly pattern that has held up pretty well in the last weeks we saw a big drop in the pound from everything happening fundamentally and a Fibonacci retracement to this drop in the price of pound we see the GBPUSD pair respecting the 61.8% fibonacci & 50% fibonacci levels holding structure.looking for continuation to the upside on the pair as a bullish candle is building from the 50% Fibonacci retracement level. WEEKLY *ON the weekly the sentiment is still the same we have entered into an uptrend inside an ascending channel hitting HH & LH, we have a significant bullish candle pushing up looking for continuation of this move above previous swing high signalling long hold on the pair and confirming that uptrend. DAILY * looking at the daily the picture gets clearer as we rallied out of an ascending channel, pushed down pulled back up to retest and now we broke out of descending channel tested resistance level 1.25180 forming a double top which could signal a pull back before continuing to the upside and that's where we are at the moment, looking for a retest of structure before continuation to the upside.. 4h chart and lower time-frames perfect for entries and clearer picture of where the price is headed look for significant confirmations for this moves and follow your rules before entering the trade. thank you and happy trading everyone _____________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TP1 - 1.25676 TP2 - 1.26825 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
4
EURUSD Bearish Gartley pattern on previous highsHello traders, I uploaded the idea earlier with the GBPJPY chart, so here is the correct one. Yesterday our Gartley pattern didi it more than great on GBPJPY . See related idea. We have a similar trading setup today on EURUSD . Althouth we have to be carrefoul! If the pattern complete its formation that means that the price has broke above 1.095 which is our resistance. So we have to keep an eye in lower timeframes to support better our idea. Stop losses very tight in order not to risk if it is an actual break. Take care Kind regerds, Michail Sideris
Short
by Michail...Sideris
1
EOS/USD Potential 8 X Trade!EOS/USD Potential Bearish Gartley Pattern on Log Scale . Log Chart / Fib levels based on Log Scale. Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
BITFINEX:EOSUSDLong
by CryptoTrend-Alerts
Bitcoin technical analysis. BTC-USD on January 14, 2019 #BTC On the 12-hour scale, the market has been oversold for several days already; the Stoch RSI can bounce and move up. The formation of the XABCD pattern is also seen, which may lead the price to the area 3466 corresponding to the level of Fib 0.786, which, as a rule, is often reversal and then we should expect a rebound. Globally, the market is now very neutral: for positive, we need to rise above Fib 0.618 (about 3662, the blue area on the chart), while we are lower there is a chance to touch Fib 0.786 (about 3466, the red area on the chart) and if this support will withstand market pressure, then we will observe a noticeable rebound, if we fix under it, then we should expect a move to the area below. As long as there are no reasons for a global decline, perhaps the market will be able to form a double bottom and we will get a stronger and more significant rebound. Not a call to action. Vision on now, we are still out of position, we have placed orders, we are waiting for entry
BITFINEX:BTCUSD
by CryptoWolfsTrust
1
XABCD pattern on ONTETH?Hi guys, this is my first published idea, so please be nice :) I think there is a nice XABCD pattern on the ONTETH chart, I am following it for 1 - 2 days and it seems to go right and I wanted to share it with you. I don't know myself very good with writing chart on Trading View, so I hope I've made a good draw and you can see it too. This could be a nice reversal sign of the current bearish trend of Ontology. Of course, I don't know if this will really happen and this is NOT a trading advice!
OLong
by fortitude23
1