Get started

Projection

EUR/USD - H4 Possible long setup - Shark pattern projectionPrice is breaking channel support, but a bullish divergence is present and if it remains, a bearish Shark pattern can be projected. Wait for reversal bar pattern inside PRZ box (use H1 chart if necessary) Others points that supports the reason to consider a long position: - Bullish divergence is present on D1 chart - A bearish Shark pattern on USD index and a bullish Shark pattern on EUR index are completed (both on H4 chart)
Long
by X5
EUR/USD H4 - Contracting triangle broken - LONGContracting triangle broken and now the price is following pattern projection (green) on D1 chart (see link below) On H4 chart, a new channel has formed and a bullish 3D pattern emerges. Bear divergence is present, so it coul be a good idea to trade: 1) Short, targeting 61.8 - 78.6 fibo retracements and after that, 2) Long, targeting 127.2 - 161.8 fibo retracements As a recommendation, wait for reversal bar pattern inside PRZ box (use H1 chart if necessary)
Long
by X5
SHORT EURAUD: BAT + 2 TRENDLINES + PIVOTSEURAUD has completed a bearish bat pattern in a PRZ that aligns with resistance provided by 2 significant trendlines. Missed pivots sit below price to add to the bearish bias. SL is placed above trendlines with target at .618CD. Confluence in the PRZ: 1. Bearish bat pattern completion 2. Significant trendline resistance 3. 2BC projection 4. 2.618AB=CD 5. Missed pivots below price Thanks for viewing! Click agree if you found this information useful.
Short
by glennmercer
Sell GE: Wolfe Wave & Bearish Crab - Perfect Confluence!GE has completed a bearish crab pattern in the optimal sell zone for a short Wolfe Wave trade. There is significant bearish divergence in addition to an overbought RSI which add to the bias toward the short side. Two missed weekly pivots sit below price as well, which may help drag the price down. Stop loss can be placed above a significant S/R level while maintaining a substantial R/R. The higher probability target is the .382 retracement of the xa leg at 25.24, but a more aggressive trader may chose to target the 1-4 target line. Confluence in the PRZ: 1. 1.618 extension of XA (bearish crab pattern completion) 2. 1.786ab=cd 3. 1.618ab=cd 4. .886 XA 5. 2bc projection 6. Overbought RSI 7. Bearish divergence Follow me for more updates and trade ideas!
NYSE:GEShort
by glennmercer