Chart Patterns

[gavomechas]

Some individuals have been enjoying my post and I get a couple of inbox questions with regards to chart patterns, I trade naked based alone on chart patterns that I utilize 39 chart patterns. These don't always perform as you men know but it's just how I transaction. I trade the Daily and 4 hours and sometimes I use the 15 minute. I'll post on here exactly what I'm looking at and what worked for me and it helps me identify where I went wrong.

I ask is if you put a chart up please draw this up on a naked chart so it's easy for people to see and not rammed with every indior under sunlight causin real chart to be all squashed up.

Finally I don't trade harmonic patterns that they do work but just don't trade them
https://www.nigeriaforextrading.com/attachments/1524901565867962391.jpg

[gavomechas]

Update GU we had the bearish flag I drew break yesterday I Believed that price would Last down and That I was looking to get in a pull back however the pull back was Powerful new pattern setup has now formed I shall post chart when I get in for Today I#8217;ll say bump and Operate long

[gavomechas]

EURAUD
Again similarities over the EUR pairs I'm expecting break out lower but I took the counter movement I got out way to premature 25 pips with this as I didn't like the way the Daily candle looked at that time.... Profit is better than loss
https://www.nigeriaforextrading.com/attachments/15249722851906207292.jpg

[gavomechas]

EJ update
EJ had this ascending triangle untrue fracture yesterday I was still convinced this was moving north and I stated that which would confirm it for me are the 1-2-3 trend reversal setup if we close above 131.800 I believe I stated or around that figure (have a return before it is up there) either way I've too my entry now based on the triangle fracture if my daily closes above that 1-2-3 level now we should see a new bullish rally in the EJ
https://www.nigeriaforextrading.com/attachments/1525375083421718609.jpg
https://www.nigeriaforextrading.com/attachments/15253750871579207747.jpg

[gavomechas]

EU
Arr Descending triangle today triangles can split either down or up there isn't really anyway of knowing until the breakout occurs.
BO generally occurs around 62% of the apex why I have favoured the downside break is because price needs to fix there's been no correction because of yet only consolodation and also the mouth of my triangle ties perfectly together with the ?resistance turned support level?

How do I exchange that, well aggressive you can exchange the rest of the triangle but notice that price could simple false break as it did in the past just like you can see, I love to search for an engulfing candle then get in on another candle or wait for a pull back on the breakout that's the safer option....definitely one to watch we will see.
https://www.nigeriaforextrading.com/attachments/1524901568762229214.jpg

[gavomechas]

GJ
This is a three valley rising set up. This is interesting I#8217s NFP and I want to stay off but I saw it and made it fascinating to see how it ends up. Note the screen shot is just as the breakout is occurring, I#8217;ll test this one out tomorrow to determine whether the pattern worked out or not but I#8217;m looking at upside motion (short term) on GJ
https://www.nigeriaforextrading.com/attachments/15249015711458464721.jpg

[gavomechas]

UJ
UJ for me personally is forming a head and shoulders....classic if for additional confluence as well have a look left and you'll see price is in a strong demand zone it taken off like a rocket! Question is when will she take off, another one to watch guys long on the UJ
https://www.nigeriaforextrading.com/attachments/15249015741822949934.jpg

[gavomechas]

XAUUSD
Gold has shaped that dual top but notice how both tops where very narrow/sharp there a several different kinds of double top for how I#8217;ve learnt this is known as a Adam Adam, don#8217;t ask me why it#8217;s how I#8217;ve learnt yes you can get eves as well. Anyway I foresee gold to carry on down before deciding direction to check around 1309, on the way down we might find a few bear flag formations.
Have a peek at the daily you #8217;ll see this is the ideal side forming about the M formation together with the neckline ie the base one the v is going to be broken, once broken wait for a pull back and possible short
https://www.nigeriaforextrading.com/attachments/15249015771965774777.jpg
https://www.nigeriaforextrading.com/attachments/15249015811208196736.jpg

[albacmyk]

UJ UJ for me personally is forming a head and shoulders....classic if for extra confluence also have a look left and you#8217;ll see price is in a strong demand zone it taken off like a rocket! Question is when will she take off, the next one to watch men long on the UJ image
Hello Neil0163.

Been enjoying this one for awhile now but on a lower time period 15 minutes and missed the HS Pattern

it needs to break over the 107.085 area before I buy in again

https://www.nigeriaforextrading.com/bitcoin-talk-and-cryptocurrencies/180-jagzfx-free-trading-tools.html

https://www.nigeriaforextrading.com/attachments/15249015861068339283.jpg

[albacmyk]

UJ UJ for me is forming a head and shoulders....classic if for extra confluence also take a look left and you'll see price is in a strong demand zone it taken off like a rocket! Question is will she take off, another one to watch men extended on the UJ image
Great grab Neil,

simply picked up $120.65 thank you

[gavomechas]

quote Great ch Neil, only picked up $120.65 thank you Thats brill friend!!

[gavomechas]

GU
Again I'm not trading this week due to it being vaions and no major players being actually involved here in the united kingdom.
Gu has produced a bearish flag, you may see the impulsive down move and a real grind to attempt to get up also known as the correction. Now this is the reason why I like to wait for a breakout to occur followed by a pull back if you find the chart we get exactly the bear candle in the upward channel, brill can it break next candle rests trendline and closes below. Imagine the classic breakout commerce of getting in on the next candle after its broke the trendline you've been hit with a fake.

What so we do simple we wait, price will pull back reality if we overlook a huge impulsive move so be it I will get on the pull item is price can't continue in 1 way without adjusting it's self that is fact. Look at the EU rally upward and today in consolodation it needs to correct of course my egy could be incorrect and it will take off with out me. Just need to hold your horses and see what price does it's a waiting game left price come to you do not chase it.
https://www.nigeriaforextrading.com/attachments/15249015892085314797.jpg

[gavomechas]

Properly the GU performed
https://www.nigeriaforextrading.com/attachments/15249015922000108023.jpg

[gavomechas]

EU could be possibly playing out but I #8217;d like it to clear that low!
Triangle breaks around 62% in recall that
https://www.nigeriaforextrading.com/attachments/15249015951777247971.jpg

[gavomechas]

Remember guys NFP tomorrow Enormous news these patterns could simply retrace back into them selfs I'm not taking my chances Nevertheless will trade next week despite GU playing out
like I said Earlier not to worry I Will get on the Pullback

[gavomechas]

Also consider men, your a big bank you need to fulfill your position GBPUSD just gone short, how many traders do you really believe will be leaping into the downwards move ?this item broke my flag I need to get on this I am in I will put my stop in the final high? NFP release what can banks do manipulate price let us take those stops let us by GBP and collect all those stops then we can just short it! Here's one and fundemtalist will hate me for this particular
NEWS DOSENT EFFECT PRICE!!!
But Neil how do you say when NFP is released price moves, given it does move but price will go where it's supposed to with or without news, news is factored into price already, the NFP release tomorrow is just a reason for banks to conceal there footsteps they have enormous positions and can not get filled on everything without any liquidity how can they get that effortless take stops of the little men. I believe tomorrow price will rocket upwards and maybe test that breakout guess what that is where we short!
Banks buy into purchasing pressure and banks market into buying pressure remember that.

The only news which will impact price is for example when North Korea decide to wang rockets off which can not be factored into price. News like that really does impact price.

[gavomechas]

Ultimately the UJ I stated before this was head and shoulders along with people should be looking long.
https://www.nigeriaforextrading.com/attachments/15249015991727606709.jpg

[gavomechas]

Almost forgot gold,
starting to correct as previous stated right at that level. Of course these patterns are all good and well but like I keep going on about it's not confirmed until the release tomorrow hence why I have not jumped in almost any trades that week
https://www.nigeriaforextrading.com/attachments/15249016021354894903.jpg

[albacmyk]

GU Again I#8217;m not gambling this week because of it being vaions and no major players being really involved here in the UK. Gu has made a bearish flag, you can observe a grind along with the move to try and get back up also called the correction. This is why I like to wait for a breakout to occur followed by a pull back if you see the chart we get exactly the engulfing bear candle at the channel, brill is it split trendline candle breaks trendline and closes below. Now envision the traditional breakout commerce of getting in on the...
HI folks,

Is this viewed as being bearish it is the US 30 Index, I watch it as bearish flag

https://www.nigeriaforextrading.com/attachments/15249016051451557171.jpg

[gavomechas]

quote HI folks, Is this seen as being bearish it's the US 30 Index, I View it as bearish flag image I'd say so Friend

[gavomechas]

Here#8217;s exactly what I#8217;m looking at for GU, called target comes in at that strong distribution zone.
https://www.nigeriaforextrading.com/attachments/1524901608806074269.jpg

[gavomechas]

So this is my weekly top down analysis about the GU,

first the weekly chart this theory is based on the truth that price cannot continue up without some kind of retracement price should pull back in order to go higher that's fact.
Keep this in your mind
short duration=long
moderate term=brief
long term(end of the year)=long

thats my bias therefore in the medium term I'm searching brief. So what do I do to get brief what do I expect the market doing to become in an ideal short position well I think it will make a tripple top.

From the tripple shirt on the weekly a push to check the middle part of the M creation. This is a solid degree of service which will need power to be bankrupt, how can this really be done well a bear flag (big impulsive move down followed by a pull back since it gathers strength as we noticed in the previous flag I drew this should then break that service. From there down to the bottom of the M creation on the weekly to complete the correction out of there a push to new highs.

Theres the weekly chart.

So down to the daily what exactly do we see on this chart well precisely the same as the weekly chart my daily is used to zoom in on the moderate term prejudice
The daily exhibits just like the weekly however more zoomed in what exactly do we see on here the first short-term prejudice tripple top with the downward movement to start that bear flag. Have a look closer in the bear flag over the daily it's just another more compact M pattern done!! Strange hey. Now here's more confluence we choose our tripple top high to low as the size of intended target and project that, now the best way to exchange a tripple top pattern is we wait for a breakout below the lows if we put our gloomy projected line from the highs of this tripple top look at which it comes in at....right in the conclusion of the M creation on the weekly....strange hey!

Finally our our short-term aim is long so we are able to reach that tripple shirt what's price showing me. I go for my 4 hour for entrance and what do I find I posted this yesterday it's my run and bump pattern. Now this pattern can consists when we get a rest of our trendline the jog should operate lol.

Now don't forget men this is my plan I've a plan at what I'm searching for if price gets to each point
point 1-move to TT
point 2-move down from TT
phase 3- complete of smaller M formation/initial bear flag begins
phase 5-pull back to break support
point 6-completion of weekly correction
phase 7-move to new highs

Now all this may be wrong but all that I could do is break down my plan into short medium and long-term phases once price gets to each stage I'll assess to find out if my plan may still
hold up, if not I'll adjust to price and see what I could view on my charts
https://www.nigeriaforextrading.com/attachments/1524901611985677480.jpg
https://www.nigeriaforextrading.com/attachments/1524901614995536010.jpg
https://www.nigeriaforextrading.com/attachments/15249016181323033321.jpg

[gavomechas]

Thus EU we've been looking at that triangle with false breakouts until it rises up, price again shut in that triangle again last week so in the short term I'm anticipating price get to the trendline of the triangle so up for the EU.
My pattern I found that could potentially play out for this is that this descending broadening wedge again these patterns can fail the reason I'm looking at this is because the EU is at a range and keeps shutting in the triangle once it's broke out.
https://www.nigeriaforextrading.com/attachments/15253755082127191721.jpg

[gavomechas]

AUDUSD-Long possible 3 valley set up
Target based on previous support turned resistance which is the green line
Heres what I#8217;m considering, price has been on a strong down trend as you can see appearing abandoned,
out there we had a range from 2016-2017 after breaking in 2017 I classed this as my first valley as it had been the first valley created after breaking resistance of that range. We then had price creating another valley ie valley 2.
Now could this be the start of valley 3 could that range resistance which was held for a year now become service?
AUDUSD is in a ideal place to have an Agressive long to at least the summit of valley 2, if valley 2 summit be broken for me this will support my 3 rising valley pattern which would then start a solid uptrend.
https://www.nigeriaforextrading.com/attachments/15253755131093856932.jpg

[Pimen]

shouldn't the second wave move higher,if you wanted a dual top that's more like it
https://www.nigeriaforextrading.com/attachments/1525375474.jpg
https://www.nigeriaforextrading.com/attachments/15253755171106008931.jpg

[Pimen]

https://www.nigeriaforextrading.com/attachments/1525375476.jpg
https://www.nigeriaforextrading.com/attachments/15253755191990696717.jpg

[gavomechas]

shouldn't the second wave move higher,if you wanted a dual top that is more like it image image The second wave did push higher friend not by much but nevertheless it pushed higher
the first valley topped at 0.81268 along with the second valley topped at 0.81357 awarded it#8217;s Loke a pip but it#8217;s higher, also some people today use wicks others use the body of candles that the entire body#8217;s closed higher. (I do use wicks however)then looking left the Major downtrend price Will Have to close that huge gap at some point

[gavomechas]

Picture Picture The GU we called the bear flag, and Captured a Wonderful move down on This, the only thing is price wouldn't usually have so much bullish Power back up That is why I say at test of This resistance level I was Planning on Around before to Create the triple top as I call it

[gavomechas]

shouldn't the next wave move higher,if you wanted a double top that is similar to it picture picture Not sure if that is a bit clearer the red is valley 1 gloomy is valley two which peaked a bit higher than valley 1 also had candle bodies close higher than valley 1 and pink is what I#8217;m looking at to happen the black line is your neckline to break by valley 3 to validate the pattern
https://www.nigeriaforextrading.com/attachments/1525375523157475099.jpg

[gavomechas]

NZDJPY could this possibly form a Inverted Head and shoulders?? Guess we'll see this again is me going the trade SHOULD it do that it might just continue up or not even form a HS pattern I#8217;m just saying what potentially could happen and I#8217;m prepared, these would be the daily charts men so these take a while to play out and won#8217;t necessarily be correct. I just post what I#8217;m seeing and I love to post my chart prior to the event. I#8217;m not one to post after the event and draw on the pattern in that#8217;s pointless
https://www.nigeriaforextrading.com/attachments/152537552886625151.jpg

[albacmyk]

NZDJPY could this maybe form a Inverted Head and shoulders?? Guess we will see this again is me going the trade SHOULD it do that it may just continue on up or not form a HS pattern I#8217;m just saying what potentially could happen and I#8217;m ready, these are the daily charts guys so these take a while to play out and won#8217;t always be correct. I post what I#8217;m seeing and I love to post my own chart prior to the event. I#8217;m not one to post after the event and draw the pattern in that#8217;s moot picture I#8217;m not one to post after the event and draw the pattern in that#8217;s moot picture


Great for you Neil,

that is what we all should be aiming 4

[Pimen]

ok do not get me wrong I am not a pattern expert , 10 pips on a daily on mine as good as equivalent
I am looking at this pattern and this conduct should carry on up




quote Not certain if this is a touch clearer the crimson is valley 1 gloomy is valley 2 that peaked a touch higher than valley 1 also had candle bodies close higher than valley pink and 1 is what I am looking in to happen the black line is the neckline to split by valley 3 to confirm the pattern picture https://www.nigeriaforextrading.com/attachments/1525375532840892055.jpg

[Pimen]

was never a flag
that's why it failed
you def cannot ignore price to create it
how long you exchanged patterns


Well the GU performed image https://www.nigeriaforextrading.com/attachments/15253755341744368869.jpg

[gavomechas]

was never a flag which is why it neglected you def cannot dismiss price to make it how long you exchanged patterns quote image For me that has been a bear flag, again these patterns fail as we both recognize that if have continued lower, I handled it as a bear flag and would have exchanged it as a bear flag nevertheless I didn#8217;t commerce last week because of NFP and patterns become unreliable like most a since the market is indeed unclear.
Currently this pattern did neglect as the #8220;rod#8221; Did not finish however if you still treated it seem or a bear flag and required the agressive entry you8217;d have left pips. The thing that would have stopped me is because as soon as it broke the neckline, (the base of the rod) it only stalled that#8217;s how I knew price would go contrary way.

The pattern performed how I wanted it also there was an impulsive move, flag correction which then broke and headed down just as a bear flag that the only thing it didn#8217;t achieve its intended target. Again it was NFP so I stayed out just for this reason most set ups neglect on NFP

I appreciate your input friend it#8217;s great to see how and why others would or wouldn#8217;t class it as a set up thankyou.
https://www.nigeriaforextrading.com/attachments/15253755381209956788.jpg

[gavomechas]

ok do Not get me wrong I'm not a pattern expert , 10 pips on a daily on mine like Equivalent I'm Considering this pattern and this Conduct Needs to carry on up quote image Yeah it Might take a while to Perform for it Turned into a daily time frame, if it Is the AUDUSD we need to make that third valley in my eyes which is why I reckon a good Entrance long at the start of the third valley then you can sell short on that correction and jump back in to ch the break or load up on your buys down....even if it does fail there still a high probability it will Attempt to create that third valley so you can still ch an up move

[gavomechas]

EURJPY
Break north with goals around 1.33
Ascending triangle shaped and is going to break. Remember the manner that is safe is too watch the break pull get in.
For an aggressive commerce trade the next candle that closes out of the triangle that is really on my radar.
https://www.nigeriaforextrading.com/attachments/1525375543833416194.jpg

[gavomechas]

GJ update
3 rising valley playing out so far around 80 pips up if you took the rest and pull.
https://www.nigeriaforextrading.com/attachments/15253755481824983875.jpg

[gavomechas]

UJ update
we had the break out accompanied by a pull straight back and now we are in that climbing phase I am holding on to this one but I have my doubts because of price grinding to get up one of two things will happen
it'll grind up to gather power before a large bullish breakout or the smaller bear flag you see will play out.
https://www.nigeriaforextrading.com/attachments/1525375554243154168.jpg

[gavomechas]

As I said before guys ideas and new patterns will develop belief will change combined with price, I like to reveal things before it happens and if it happens then that is great if my opinion varies with price and I see a new pattern I will post it here. I'd rather you see the way I am thinking and what I view rather than drawn a pattern onto a chart that's played out and said ”hello you would have made x amount of pips here” hindsight is a great thing but maybe not in our planet.

[albacmyk]

quote Hi Neil0163. Been playing this one for awhile now but on a lower time frame 15 minutes and missed that the HS Pattern it needs to break above the 107.085 place before I buy again https://www.nigeriaforextrading.com/bitcoin-talk-and-cryptocurrencies/91-disable-vista-security-mt4.html picture
Omy can this be Deja vu

https://www.nigeriaforextrading.com/attachments/1525375561624755277.jpg

[gavomechas]

quote Omy could this really be Deja vu picture Potential friend it also gapped up slightly that gap will have to be closed however price is rounding as such so there is possibility for a new pattern set up, if it was a bear flag that is how you could trade it.

Beware though lower time frames do contain alotnof sound the more lower you go the less undependable but that's not to mention they do not work since they do the single issue is price is rounding at the top instead of channel upward, so for me it'd be a new pattern set up and I'd wait to see, possibly a inverted cup??? Or a scallop but it's bearish
https://www.nigeriaforextrading.com/attachments/152537556614402778.jpg

[albacmyk]

quote Potential buddy it also gapped up slightly that gap will have to be closed nevertheless price is rounding as such so there is potential for a new pattern set up, whether it was a bear flag this is the way you can trade it. Beware though lower time frames do contain alotnof noise the higher you go the less unreliable but that is not to mention they don't work since they do the single thing is price is rounding at the top rather than station up, so for me it would be a new pattern set up and I would wait to see, possibly a inverted cup??? Or a scallop but it's...
Just awaiting us markets to start my friend

[gavomechas]

Update on EU
We where looking at the descending triangle with all the false breaks into the base we had another fictitious break and based on these fictitious breaks I said price must climb I seemed to see if I could find a pattern to encourage my bias and I've discovered a broadening descending wedge
Again below is a before and after shot so that you can see I have not just drew the pattern in. I am wrong so what if I turn out to be wrong?

Anyhow below is exactly what I anticipated we didn't get to much of a pull back as I believed we would but we had the consolodation ahead of the break how the pattern performed now we're around 20 pips from goal and we should have collected around 40 pips on a agressive entry target approximately 60 pips.

Note that this is is only a more compact pattern inside a bigger pattern smaller patterns often pay smaller than the bigger ones but they are quicker to perform
https://www.nigeriaforextrading.com/attachments/15253750221717549128.jpg
https://www.nigeriaforextrading.com/attachments/15253750261585251431.jpg

[gavomechas]

EJ
traingle broke out powerful that I didn#8217;t get in on this I#8217;m waiting for a pull back and also a test of the breakout region.
https://www.nigeriaforextrading.com/attachments/1525375031523457565.jpg
https://www.nigeriaforextrading.com/attachments/15253750371335327599.jpg

[Pimen]

https://www.nigeriaforextrading.com/attachments/15253750421990232352.jpg

[gavomechas]

picture Nice bull flag friend!!

[Pimen]

When it's no egy can cable high hold
see if we could escape this to the upside that is in accord with monthly


quote Nice bull flag buddy!!

[gavomechas]

When It's no way can cable Large Grip see if we can get out of This to the upside which is in line with monthly quote Sounds like a plan, I'm Long bias overall on GU I wanted to see a Sizable correction before a Solid push up though

[gavomechas]

So we have the triangle forming EJ that had that fals break today, I'm bullish on this pair. I also see a 1-2-3 pattern trend change that I've drawn below for you guys this would encourage my analysis of a bullish breakout if this pattern perform

So below we see that a chart with a downward trend from A-B A is the HH
B is the LL now what's significant here is that the Trendline is not broke until after the B stage
out there that you see number 1 this is the stage at which the TL was broke and closed above
Then point 2 currently stage 2 is a test of a low then out there we've stage 3, point 3 is the Swing High BETWEEN points 1-2 once this high is broke and closed above there must be a new bullish trend.
Point 3 break for me is about 131.800
https://www.nigeriaforextrading.com/attachments/1525375046374068121.jpg

[gavomechas]

Dingo only check back to the chart together with the potential bear flag. As you seen I said be cautious about this and I said because price is rounding towards the top I8217;d be swayed to a new pattern as opposed to a bear flag. Because you can see price broke out of this flag station upwards and closed near the top of the rod before reversing for me that would invalidate the pattern along with the fact price was as I said before....
BENIFIT of hindsight for teaching purposes I did state that I would wait and a
new pattern was more likely must make that clear lol

so what did perform out was the run and bump pattern much like the one we seen on the GU that seems to be playing nicely
https://www.nigeriaforextrading.com/attachments/15253750521652455962.jpg

[albacmyk]

Dingo only check back to the chart with the possible bear flag. As you noticed I said be cautious about this and I said because price is rounding towards the top I #8217;d be swayed to a new pattern rather than a bear flag. As you can see price broke from the flag channel upwards and closed towards the top of the rod before reversing for me that would invalidate the pattern together with the fact price was rounding as I said before.... BENIFIT of hindsight for teaching purposes I did say that I would wait and a new pattern was likely should...
All good thank's Neil,

This little suck did not grab me out,

I have a secret weapon, ''

That I share with very few men and women.

https://www.nigeriaforextrading.com/attachments/1525374979.pnghttps://www.nigeriaforextrading.com/attachments/1525374979.pnghttps://www.nigeriaforextrading.com/attachments/1525374979.png=https://www.nigeriaforextrading.com/attachments/1525374979.pnghttps://www.nigeriaforextrading.com/attachments/1525374980.png=https://www.nigeriaforextrading.com/attachments/1525374980.pnghttps://www.nigeriaforextrading.com/attachments/1525374980.pnghttps://www.nigeriaforextrading.com/attachments/1525374980.png=https://www.nigeriaforextrading.com/attachments/1525374980.pnghttps://www.nigeriaforextrading.com/attachments/1525374980.pnghttps://www.nigeriaforextrading.com/attachments/1525374980.png

[gavomechas]

Eu broadening descending leash goal hit
now let it operate
https://www.nigeriaforextrading.com/attachments/15253750571476803842.jpg

[gavomechas]

UJ update
still holding this one but I have my doubts at the minute as price closed under neckline yesterday, I'll see how this week goes some fall lower though and I'll be seeking to cut this commerce.
https://www.nigeriaforextrading.com/attachments/15253750611212309666.jpg

[gavomechas]

GU update
price on its way to planned goal
run and bulge pattern playing out well with this one.
https://www.nigeriaforextrading.com/attachments/15253750681886382597.jpg
https://www.nigeriaforextrading.com/attachments/1525375072590281334.jpg

[gavomechas]

GJ update
GJ on its way to planned goal after a neckline break, 3 rising valley set up pattern.
https://www.nigeriaforextrading.com/attachments/1525375078995064615.jpg

[gavomechas]

As you can see guys I Am drawing these patterns and the Way I expect them to play out way before it's happened I post my plan for you to see there Is no benifit of hindsight here (bar one post which I was showing Some Thing to dingo)

[gavomechas]

AUDUSD upgrade
I said this should rise and that I expect it to create the first leg of this 3rd valley I'm so long let us see how this one performs. Up to now so good but that is a long-term trade I must say that. I will be holding this for a few weeks
https://www.nigeriaforextrading.com/attachments/15253750932140828368.jpg

[gavomechas]

Here a rising wedge setup
GBPCHF
Breakout usually occurs half way of the wedge
it has to touch at least 5 times 3 on one side and 2 on the other as minuimum
that is a bearish reversal pattern my goal is in the mouth of the wedge.
https://www.nigeriaforextrading.com/attachments/15253750991013993453.jpg

[gavomechas]

GBP usually correlates with EUR

again rising wedge, waiting for that minimum of 5 bits.
https://www.nigeriaforextrading.com/attachments/1525375104461981625.jpg

[gavomechas]

GU upgrade, price almost tagged intended target im happy with this transaction took my profit I#8217;m outside.

Will now seem to play with the change should it happen.
137 pips from this transaction (with my re entry)
https://www.nigeriaforextrading.com/attachments/152537510923250219.jpg

[gavomechas]

GJ-took profit looking to get back in long should the possibility arise I believe that this will still go bigger but a pull is now due.
166 pips within this trade
https://www.nigeriaforextrading.com/attachments/15253751141392876981.jpg

[gavomechas]

303 pips 3 days not too shabby, you've seen me draw these up guys I upgrade daily for you guys to see what I am looking at.

SAY NO TO HINDSIGHT.
Dont be afraid/embarrassed to be erroneous.

[Pimen]

Wonderful work https://www.nigeriaforextrading.com/attachments/1525113544.pnghttps://www.nigeriaforextrading.com/attachments/1525113544.png if I am honest you surprised me ,
great real-time posterhttps://www.nigeriaforextrading.com/attachments/1525113544.png

[gavomechas]

Fine work https://www.nigeriaforextrading.com/attachments/1525113545.jpghttps://www.nigeriaforextrading.com/attachments/1525113545.jpg if I'm honest you Amazed me , Great Real Time posterhttps://www.nigeriaforextrading.com/attachments/1525113545.jpg Cheers Friend

[gavomechas]

EURAUD
climbing leash, seems like the EUR itself is due correction rising wedges on a lot of pairs, supports the bias to the large down move on EURUSD too.
https://www.nigeriaforextrading.com/attachments/15251135771605915685.jpg

[gavomechas]

Gold not talked about gold for some time last time I posted I said I had been expecting that M to play outside and we#8217;d have a move to the downside. I had been with this analysis and price went back up to test the top of the M that is clearly on the daily below.
Still expecting a move to the downside as my choice 1.
Option 2 will demone a weak pull followed by a bullish break out thus we could get out of this range.

Ill search for consolodation close to the surface of the box along with a weak pull back breakout and pull and breakout to go into the bullish side of things

For your M to play out since we have a bullish bias also I will wait until the neckline of the M is broke to short this pair
https://www.nigeriaforextrading.com/attachments/1525113580598983723.jpg

[gavomechas]

UJ
still in drama folks consolodation build up about to split north just like we found EURJPY (with climbing triangle)
https://www.nigeriaforextrading.com/attachments/15251135831111021061.jpg

[gavomechas]

Descending wedge AUDCAD support prejudice for AU long too
https://www.nigeriaforextrading.com/attachments/15251135871932149883.jpg

[gavomechas]

EU update should you look back I said price ought to go and dip around abit more in that triangle we have forming, since we'd strong bearish reversal in price I have slightly adjusted my triangle to pack that price action in slightly more still same principle though.
Were becoming closer to the rest!
Remember price can break up or down our triangles.
https://www.nigeriaforextrading.com/attachments/152511359039087488.jpg

[gavomechas]

GBPJPY Virtually hit target
in the event that you stayed in and frees her you8217;d be around 230 pips https://www.nigeriaforextrading.com/attachments/1525113553.jpg
https://www.nigeriaforextrading.com/attachments/1525113593158797338.jpg

[Pimen]

Hi Niel my chart looks somewhat like yours ,but theres a bounce off the tl set up
weekly currently has an inverted hammer


EU upgrade should you return I stated price should proceed and bounce around abit more in that triangle we have forming, since we'd strong bearish reversal in price I have slightly adjusted my triangle to package that price action in slightly more same principle though. Got nearer to the break! Remember price can break down or up on our triangles. image https://www.nigeriaforextrading.com/attachments/1525113596318015616.jpg
https://www.nigeriaforextrading.com/attachments/15251135981643220514.jpg

[gavomechas]

Hi Niel my chart looks a bit like yours however theres a bounce off the tl set up weekly currently has an inverted hammer quote image picture Yeah there's a lot of patterns demoning buy and sell, that is the awful thing about triangles you don't know how that they break all we can do is wait I guess. I favorikng downside as price should correct before proceeding but I again I could be wrong.
On the other hand triangles are absolutely simple to exchange as soon as they break.
EU needs to do something it has been stuck in range for ages now!!

[gavomechas]

GU reaches its target today I have out early but return you will see it is now struck it is intended target.

What now we'll I would rather short here based on previous past history but price is very bullish towards that degree so that it could possibly break here in my situations

1. Price reverse moves down as previously stated

2. A bull flag is created whilst price corrects and bust during the top degree

3. Price just bust through the amount attracts back then breaks out

this is precisely what I am looking for I have my egy and I will exchange it once I see it occur
https://www.nigeriaforextrading.com/attachments/1525113600516991049.jpg
https://www.nigeriaforextrading.com/attachments/1525113604329634949.jpg
https://www.nigeriaforextrading.com/attachments/1525113607103272030.jpg

[gavomechas]

Closed UJ with a bit of profit this is apparently accumulating ready to shoot off just do not need to get stopped out for a loss, I will wait for a proper breakout of this little zone with consuming and then a retest and jump onto the polar state too 109.000
https://www.nigeriaforextrading.com/attachments/15251136101527204824.jpg

[gavomechas]

EJ
1) 1-2-3 trend reversal
2)Ascending triangle breakout re-test
3)Bull flag

possibly excellent opportunity to shoot long or add to positions on this one....
https://www.nigeriaforextrading.com/attachments/15251136132092419611.jpg

[gavomechas]

So end of this week stats I#8217;ve gone through the patterns up to now and worked out in the best entry and exit (letting it operate) there was potential to make 511 pips on 4 pairs that we took entry to these pairs being.
GU-which could have gave 142 pips to target
EU(descending wedge)- that gave 102 pips to target
GJ- Which contributed 242 pips to near target
UJ-I shut out but I gained 25 pips

The above is calculated based on near flawless entry and exit.

(I didn#8217;t let my transactions operate thus I came out with 403 pips)

Total 511 pips no declines

Nevertheless in EJ and AU

Hopefully a few of you guys captured a number of these pips.

[gavomechas]

Watchlist for next week's
GBPUSD EURAUD EURCHF GBPCHF AUDCAD USDJPY(possible)
On going
EURJPY AUDUSD

alot of wedges to potentially perform outside, look back to see what I mean have a great en!!

[gavomechas]

Trust UJ to begin to play out once I escape lol
EURAUD beginning to play out searching for a pull back to get in on
https://www.nigeriaforextrading.com/attachments/15251136171656139026.jpg

[gavomechas]

EJ bull flag playing out I said yesterday was a good spot to get long.
https://www.nigeriaforextrading.com/attachments/1525113620866379566.jpg

[gavomechas]

GJ goal hit
https://www.nigeriaforextrading.com/attachments/15251136231491252970.jpg

[gavomechas]

EJ closed 100pips in profit
https://www.nigeriaforextrading.com/attachments/1525113571.png
Seem to get back in next week after pull back

[gavomechas]

Well guys a hell of a week, no losses and pure profit as you can see all patterns do not workout I was very long for NZDJPY but that I did not get in since my pattern didint play out it still ended up long although it was not the set up I wanted so that I stayed out of the transaction whatever you see that I shown you before during and afterwards.
Hopefully more to come next week once the markets go back to ordinary store any eye on that watchlist
GBPCHF climbing leash looks like it won't play out however since we did not just blindly jump in the commerce and looked after our pattern to break we still have no losses!

[gavomechas]

AJ keep and eye on it AUD pairs appears to be getting stronger
https://www.nigeriaforextrading.com/attachments/1524972844372690487.jpg

[gavomechas]

AUDCAD
goal 1 pretty much hit
https://www.nigeriaforextrading.com/attachments/1524972848329591898.jpg

[gavomechas]

EU
Nevertheless bigger our look which descending triangle to disadvantage
(triangles may split either way)

HS pattern setup, wait for a break of neckline,followed by a weak pull straight back to the neckline subsequently ch down movement as a secure entry.

Agressive entry-entry taken on open of the next candle after previous candle sticks below neckline.
https://www.nigeriaforextrading.com/attachments/1524972853840391332.jpg

[gavomechas]

A lot of speculation from Pound we seen some bull signal and some bear signals, if price can not break this resistance afterward my tripple top ought to play out if that is the case here's what I anticipate happening to get a brief.
1-2-3 setup
https://www.nigeriaforextrading.com/attachments/1524972857242296289.jpg

[gavomechas]

GJ is abit of a weird one I'm staying out of the pair to get the minute but if you see on the weekly it is creating what is called a broadening top now these can split to both sides but the upside is more favoured at a Broadening top rather than extending bottom, the difference between the two is the way price lead into the patter a Top ought to be lead in from a down trend and vice versa to the bottom. For now I'm outside of GJ unless a see a definite set up on a smaller time period, usually once I fight to see patterns on 4 hour or daily I will move to weekly to find out what looks to be putting up and I will wait.
https://www.nigeriaforextrading.com/attachments/15249728621081964882.jpg

[gavomechas]

GBPCHF
Consume this climbing wedge not sure if I posted this previously but looking back in the charts it's bigger than I previously attracted which means more downside potential here's what I see T1 and T2 are targets
https://www.nigeriaforextrading.com/attachments/15249728671209605297.jpg

[gavomechas]

EJ
Im bullish with this pair. .
Nevertheless could we ch a counter trend move???

So we had the ascending triangle break last week and pretty much hit target, we had the 1-2-3 trend shift (look back to refresh) looking at my charts what could I see nicely price should correct out of its bullish leg last week here's what would play out and exactly what I'm lookin for inverted HS using an evaluation of the lows before move up.

Again I'm not saying this will happen this is simply what I'm looking for I will change sentiment as price updates
dont be scared to be incorrect.
https://www.nigeriaforextrading.com/attachments/1524972871934374486.jpg

[gavomechas]

EURCHF no change from last week.
Looking for a break of the rising wedge.
https://www.nigeriaforextrading.com/attachments/15249728761238784042.jpg

[gavomechas]

EURAUD
no change from last week
(I've taken a while to try and ch a move to the upside inside the pattern)
https://www.nigeriaforextrading.com/attachments/15249728812140300231.jpg

[gavomechas]

AUDJPY
ive taken a short here as price seems to be fighting to break this resistance, again this could support my bias for a move down to make the Right shoulder for a bullish move upward.
https://www.nigeriaforextrading.com/attachments/1524972886341879728.jpg

[gavomechas]

AUDCHF
two ways I see that this playin out.
We've got from the initial chart the Eve and possible Adam top.
(double top) which would then create a tripple underside in order to amass price to propel up to close that Gap from the W

or we simply close that gap today however I can not watch price shooting up like that just yet given my sentiment on other CHF pairs is market.
https://www.nigeriaforextrading.com/attachments/15249728911162907598.jpg
https://www.nigeriaforextrading.com/attachments/152497289532482250.jpg

[gavomechas]

AUDUSD we had that 3 climbing valley setup for its long.
Well what I've also discovered last night was that this Descending wedge that's forming too which would give extra confluence for our climbing valley. Targets for the wedge come in at this valley neck line that is climbing.
(short at the minute on this pair seeking to ch movement down to opposite side of the wedge)

Bullish in the long run.
https://www.nigeriaforextrading.com/attachments/1524972900372935619.jpg
https://www.nigeriaforextrading.com/attachments/152497290549069497.jpg

[Pimen]

If it's no egy can cable large hold see if we can escape that to the upside which is in line with monthly quote https://www.nigeriaforextrading.com/attachments/15249729081739260474.jpg

[Pimen]

the high won't hold ,
the last high is too brief off the very best, this is principles as I see it
price has shown that right
double shirt on AU right now ,still no confirmation to be honest
but I agree AU bullish right now
https://www.nigeriaforextrading.com/attachments/15249729112031325400.jpg

[Pimen]

https://www.nigeriaforextrading.com/attachments/15249729141366888743.jpg

[gavomechas]

quote image You Posted this one prior to didint you mate see
how it played out I had 3 options for GU.

Tried to become abit clever now and trade the movements over side the the patterns like AU has a bullish descending wedge I've took a few shorts like I don't think she is ready to shoot on up nonetheless.

Fine too see the chart patterns and though makes matters sommuch better there anyplace keep
up it mate!!

[gavomechas]

Well I could KICK myself for not viewing this pattern earlier but the resistance level has been broken that the cup pattern brings in goals close to 1.48.

Looking for a pull back to this break out stage followed by cup pattern goal around 1.48 ish
And well at least it#8217;s been recognized at the confirmation degree of the cup that provides excellent opportunity
https://www.nigeriaforextrading.com/attachments/15249729171622267423.jpg

[loki77]

Hi Niel
I said I'm super impressed by some facets of your egy definitely I can pick some hints up ,I'm likely to go along and see if your patterns work out at the grander scheme https://www.nigeriaforextrading.com/attachments/1524972834.jpg
I'm arguing them today but that is debate ,
I posted it before but today it moved on to affirm GBP is in a uptrend ,yes 3 choices my point is there was not likely to be triple shirt at the height which is the reason why it did ,you take it doesn't meet the principles ?
Also say this wedge you two say failed ,it is far better to correct yourself it is not at a downtrend at the point and not flag pattern two parallel lines



quote You Posted this one prior to didint you partner see how it performed I had 3 choices for GU. Tried to be abit clever today and exchange the movements within the patterns like AU has a bullish descending wedge I#8217;t took a couple of shorts like I don#8217;t believe she#8217;so ready to shoot up nonetheless. Nice too see the chart patterns and makes matters sommuch better partner!! https://www.nigeriaforextrading.com/attachments/15249729211354509647.jpg

[gavomechas]

Hi Niel I already said I'm super impressed by some facets of your approach definitely I can pick some tips up ,I'm likely to go along and see whether your patterns workout at the grander scheme https://www.nigeriaforextrading.com/attachments/1524972836.png I'm arguing them today but that is debate , I submitted it earlier but today it went on to confirm GBP is in a uptrend ,yes 3 choices my first point is there was never likely to be triple top at the height that's the reason why it did ,you accept it does not meet the rules ? Additionally state that this wedge you two state failed ,it is far better to fix yourself it is not at a downtrend... yup I fully agree buddy that is why I make this diary I post my thoughts up and nicely if they don't work out they don't workout. I will keep my post up where things went wrong as it reveals me as well as showing other people so that they can learn! I've kicked at itself for not seeing the Cup pattern on the GU earlier!!! But we have caught it at last minute in the affirmation point so I suppose that is not bad!

I value your input to this thread partner. 2 sets of eyes are greater than 1 you'll see things I miss!
Keep it going mate

[Pimen]

There is a major downtrend line in that area https://www.nigeriaforextrading.com/attachments/1524972155.jpg

Well I could KICK myself for not seeing this pattern earlier but now the resistance level has been broken up the cup pattern brings goals close to 1.48. On the lookout for a pull back to this split point followed by cup pattern target around 1.48 ish And at least it#8217; s been recognised in the affirmation level of the cup that offers great opportunity image

[gavomechas]

Markets are fairly silent for daily frames took a brief on EU to 1.22 degree base of the triangle.

AUDCHF
neckline broke looking for a pull back for in
https://www.nigeriaforextrading.com/attachments/15249722101924012521.jpg

[gavomechas]

GBPCHF slight adjustment of trendlines still same pattern expected to play out.
https://www.nigeriaforextrading.com/attachments/15249722151688486559.jpg

[gavomechas]

EURCHF
again correlated to GBP same pattern slight adjustment of trendlines and targets with this one.

I understand you think yeah but neil your only adjusting your trendline to price yup that#8217;s right I'm but I still have the same bias and the same pattern it#8217;s simple price cannot continue up with no correction it simply could#8217;t.
https://www.nigeriaforextrading.com/attachments/15249722192055692202.jpg

[vicpkmsolemas]

Ribbon and work. Keep up it https://www.nigeriaforextrading.com/attachments/1524972163.jpg

[gavomechas]

Nice ribbon and good work, Neil. Keep up it https://www.nigeriaforextrading.com/attachments/1524972163.jpg Thankyou!
Please feel free to post your chart patterns should you see any!

[gavomechas]

NZDGBP
Symmetrical triangle.
Again triangles can break either way however given the expectation of pound to acquire weaker on GU (pull back) GBPCHF (rising wedge) I expect a break north. My broker dosent offer this pair but for those that have it it's a setup.

Will review this again as learning stage
https://www.nigeriaforextrading.com/attachments/15249722241914646478.jpg

[gavomechas]

AUDCAD target 1 pretty much struck image AUDCAD on way to target 2 today
https://www.nigeriaforextrading.com/attachments/1524972165.jpg
https://www.nigeriaforextrading.com/attachments/1524972229264956608.jpg

[gavomechas]

EURJPY upgrade we had the W pattern or the M here is another pattern I've noticed broadening underside usually breaks down but can break greater.

You can also see whether it will break higher a possible cup pattern.
https://www.nigeriaforextrading.com/attachments/1524972234685916012.jpg

[gavomechas]

EUR/USD update
85-117 pips on the move we predicted that there wouldn't be an upside down if 80pip on this pair but there was scope around approximately 117 pips this week.
Still hold same prejudice of downwards break but be ready for either way. Until following Thursday that I think we will finally break from consolodation up or down I'm ready for both but swayed to downside I can not see motion week we shall see.
https://www.nigeriaforextrading.com/attachments/1524972239622730407.jpg

[gavomechas]

GBP/USD
We had the cup pattern we all found at last minute with this pair. We had the break of the neckline with a bullish view with targets expected to be about 1.48 nevertheless we did say there was going to be a pull back so that I took the short alternative trading back the pull. The purple lines that you see are the important fib amounts 38% 51% 61.8%
I was anticipating a weaker pull back if price breaks beyond the 61.8 I #8217;d possess a bearish view and try to find some sort bearish flag set up. For now bullish BUT price should not pull back that strong on a breakout trade therefore more than likely our cup pattern will fail.
The only way I see this moving up is if the EURO goes up next week as the both closely correlated we will see I guess but I caught 150 pips of this movement there was scope for around 262 pips. Closed out to early
https://www.nigeriaforextrading.com/attachments/15249722441571933244.jpg

[gavomechas]

GBPJPY
I didn't take any trades with this pair we had the 3 climbing valleys a week but have a look at the pattern over last Sunday I noticed that the broadening wedge pattern forming and price was straight in the middle so I didn't trade this pair.
Taking another look now we have what looks to be a Head and shoulders pattern playing out which I've drawn in.... Potentially could trade this down into the lower trendline of the broadening pattern that would form the ideal shoulder of their head and shoulder pattern.
https://www.nigeriaforextrading.com/attachments/1524972249631161917.jpg

[gavomechas]

USDJPY
slowly but surly making its way to target that I didn't take any trades on this pair seems to be fighting but with the bias of the EU becoming poorer along with GU we should observe this pair reach targets
https://www.nigeriaforextrading.com/attachments/15249722552015256034.jpg

[gavomechas]

GOLD
I didn't trade gold until I had the top breakout or the break of the neckline I continue to maintain prejudice but seems to be struggling to violate the upside resistance but again I will not trade this pair till further direction is seen.
https://www.nigeriaforextrading.com/attachments/15249722601952339824.jpg

[gavomechas]

EURJPY
Not really done anything since the last update,
I captured 20 pip move to drawback however nothing spectacular still searching for it to break either way. Down we ought to see a partial pull straight back 15, should it go to the upside.
https://www.nigeriaforextrading.com/attachments/152497226565561167.jpg

[gavomechas]

AUDUSD
we're long term bullish on this pair if you look back you find the 3 rising valley setup, we also possess this bullish wedge to perform also. I grabbed the movement as previously mentioned took 101 pips here further drawback to come I think using a retrace back up.
https://www.nigeriaforextrading.com/attachments/15249722701527532394.jpg

[gavomechas]

GBPCHF
Again more of a rising pennant I'd say than wedge. Seems like it is starting to breakout now. Given the brief on GU I took a brief on this pair too and took 90 strange pips but I am on the lookout to come.
https://www.nigeriaforextrading.com/attachments/15249722751624279080.jpg

[gavomechas]

EURCHF
No commerce taken on this pair as price was directly at the center of this pattern that I foresee this breaking into the downside but waiting.
https://www.nigeriaforextrading.com/attachments/15249722801113118279.jpg

[gavomechas]

AUDJPY
As we were expecting the Aussie dollar to get weaker short term I looked at this pair and said we potentially could see the formation of the ideal shoulder which appears to be playing out now.
https://www.nigeriaforextrading.com/attachments/15249722911271306256.jpg

[gavomechas]

AUDCAD
had the bullish wedge to perform pretty much hit goal 1 and was searching for goal 2 due to CAD strength price didn#8217;t achieve target 2 however taking a look at the daily today we have a potential to get a pin bar that ought to push price up to fulfill goal two
https://www.nigeriaforextrading.com/attachments/1524904160356097420.jpg
https://www.nigeriaforextrading.com/attachments/1524904163306884594.jpg

[gavomechas]

AUDCHF
supposes that W creation to play out price has pulled back to the neckline searching for some kind of reversal to the bullish side to go into quite long.
https://www.nigeriaforextrading.com/attachments/152490416692851140.jpg

[gavomechas]

NZDGBP
my broker dosent have this pair however, I detect this pattern and I'm monitoring it for studying motives, symmetrical triangle to play out but which side does it break???
https://www.nigeriaforextrading.com/attachments/1524904169505724928.jpg

[gavomechas]

Because you can see guys no hindsight here I have called my ideas and replaced them somethings work somethings don't, that cup onto the GU such as could more than likely neglect
DONT BE AFFRAID TO BE WRONG there's nothing wrong with being wrong.
Enjoy your weekend!!

[gavomechas]

UJ goal 1 finally attained
https://www.nigeriaforextrading.com/attachments/15249041721881611801.jpg

[gavomechas]

GJ has that broadening pattern I still concur there's weakness in GBP diving in closer to the price action here#8217;s what I see bearish continuation.
Bear flag, note the base of resistance is also 61.8 fib about the bearish flag pole how#8217;s O for confluence let#8217;s see whether this one plays out.
Support and resistance levels are based on turncoat, turn coat is support now behaving as resistance and vice versa
Also don#8217; t forget that bigger picture broadening pattern and possible head and shoulders now looking for the right shoulder to be developed
heres the chart
https://www.nigeriaforextrading.com/attachments/1524904175483147097.jpg
https://www.nigeriaforextrading.com/attachments/1524904178188804838.jpg

[gavomechas]

USDCHF
one to keep an eye on.
https://www.nigeriaforextrading.com/attachments/1524904181867295826.jpg

[gavomechas]

GJ target hit (pull back) appearing to brief now
https://www.nigeriaforextrading.com/attachments/1524904184636690160.jpg

[gavomechas]

UJ goal 2 hit
220 pips
https://www.nigeriaforextrading.com/attachments/1524904187395972965.jpg

[gavomechas]

USOIL index
why am I looking at this.
Well as some of you know US oil impacts CAD it's negatively correlated with USD/CAD I'm looking at USOIL to crack support and move down then back up to make a perfect shoulder potentially, it's already created that dual top, if this breaks encourage CAD will in short term eventually become weak. This means I'm trying to get long on pairs like NZDCAD that ought to be adjusting. Charts on cad pairs to follow along.
https://www.nigeriaforextrading.com/attachments/15249041901408333262.jpg

[gavomechas]

Seeming as I'm anticipating the CAD to secure weaker I'd expect USDCAD to secure stronger I could see this bullish flag which possibly could play out if my bias be right
https://www.nigeriaforextrading.com/attachments/15249041932089390323.jpg

[gavomechas]

NZD CAD
https://www.nigeriaforextrading.com/attachments/1524904196696121326.jpg

[gavomechas]

Finally the EU is playing as stated in the begning of my thread
key is to wait today the market and smart money could have show its hand when we get a poor pull back towards the rest point we know we're in the game.
https://www.nigeriaforextrading.com/attachments/15249041991056782759.jpg
https://www.nigeriaforextrading.com/attachments/15249042021410151358.jpg

[gavomechas]

Keep an eye on All of yen pairs, Each yen pair is pulling back into Service EJ AJ NJ UJ GJ few weeks I Anticipate That a plummet being taken by the yen

[gavomechas]

EA another M potential
https://www.nigeriaforextrading.com/attachments/15251134171606468838.jpg

[gavomechas]

AJ
bull HS
https://www.nigeriaforextrading.com/attachments/1525113421805451976.jpg

[gavomechas]

AUDCHF
w creation
can anyone else find any pattern at the W creation also let me know https://www.nigeriaforextrading.com/attachments/1525113409.jpg
https://www.nigeriaforextrading.com/attachments/15251134241835400117.jpg

[gavomechas]

UC
inverted cup
https://www.nigeriaforextrading.com/attachments/15251134272047823817.jpg

[gavomechas]

Continuation from the previous article asfter being called an idiot.... I recommend you to watch the video that I made if you haven't done so all prepared you will see in there I say ”folks do not look at the bigger picture there not appearing at demand or supply”

so granted GU was extremely bearish, why do you want to sell here though with these powerful need levels below the previous box is a need level on the weekly chart. On the very first page theory of a market you visit M waves begin downtrends and W start up trends ( not all the time) and after the creation of W or M is done we are looking for flags. Reality is GU has to pull it back simply can not fall and drop unless it crashes where does it pull back also our last supply level or around there.

Like I said in the video it could last down but we will need to attempt to gain a high likelihood trade and trading brief into extremely strong demand amounts is ridiculous, price should pull back produce a flag to obtain strength to push through the need amounts.

I do not like to slag people off but in my eyes it not an idiot for looking at charts such way I would say it is pretty smart.
https://www.nigeriaforextrading.com/attachments/1526179231152795342.jpg

[gavomechas]

And again the GU per week
Doji at a need zone
would that make me an idiot??
Keep larger picture in mind men
dollar index has bounced off provide
I could be wrong and it can go brief but it#8217;s no high probability trade in my eyes.
https://www.nigeriaforextrading.com/attachments/15261792342045945347.jpg

[gavomechas]

UJ medium term and long term (months)
UJ on daily formed a double leading M creation now if we look at that on a weekly basis might be the disadvantage movement to start creating the other half of the W? Given the demand levels down there around the weekly we could see prices push up over the next few months once it reaches those demand levels so basically I am looking at an M pattern in a W pattern
charts below will show it more clear the M pattern might need to break that demand zone though (daily chart) in order to reach the lower stronger demand amounts on the weekly.
Again guys this is just what I am speculating using patterns and key amounts I am not saying this will happen 100% as you notice somethings do not workout AUDCAD for example.
https://www.nigeriaforextrading.com/attachments/1526179237381248695.jpg
https://www.nigeriaforextrading.com/attachments/15261792401745462827.jpg

[gavomechas]

Dual top (M) in supply zone?
Greater than likely going to drop especially with that other supply zone The item on here is that the very first zone together with the double top in continues to be tested twice now I love to exchange first evaluation so typically I'd pass but given there's a double top in supply I am more interested the zone above was tested once it could possibly be tested again price was just 30pips away from touching it that given the ATR to a market 30pips is nothing (unless it's merging)
and again with the larger analysis I'm looking for price to finish the W as formerly noticed. We'll see. I also had a cup pattern drawn on the chart now if this plays out that cup pattern will end up somewhat feeble but still affirmed.
https://www.nigeriaforextrading.com/attachments/1526179243433885640.jpg

[gavomechas]

Here is the cup, if the demand level retains on the creation of the M we're on to your cup to play if it dosent then we're looking at the W playing out.

Please don't hesitate to add to this journal guys!!!!
https://www.nigeriaforextrading.com/attachments/1526179246828501774.jpg

[lalimishi]

Interesting thread!

[gavomechas]

Interesting thread! Cheers friend I had a quick peek at yours also!