Profit_Through_Patience

Profit_Through_Patience

It took 10 days to reach the predicted level but it's finally where I said it would go. Price failed to close below and will most probably go sideways between previous support level (now resistance) and current support around 1.2628. Don't rush into trading this pair yet, observe and once it closes above or below one of these levels you can decide.

Profit_Through_Patience

Don't you just love it when things are going exactly the way you predicted ? The butterfly pattern posted some time ago now almost reached it's completion, and if this level holds we can start to look for our targets going long. Edit : while posting the pattern actually completed.

Profit_Through_Patience

In my trading course (which I would highly recommend) we were talking about advanced patterns today, so I went out on the chart and tried to find and recognize some. My first butterfly patterns I discovered on the GBPUSD hourly and 4 hr chart. I drew it in on the 4h chart because it's just less messy. What we have here is a butterfly pattern where the 1.272 fib...

Profit_Through_Patience

I had some time on my hands so I decided to take a look at the EURUSD daily chart and an opportunity for the longer term. We have a possible AB=CD pattern (with 0.318 retracement) setting up terminating on structure level around 1.26300. Drawing Fib extensions we also have a 1.618 and 2.618 confluence at the same level. If this level holds, I'll be looking for a...

Profit_Through_Patience

I'm a brand new trader learning technical analysis and I would love to get some feedback from more experienced traders. In this chart I saw the head&shoulders pattern. After this completed, we reached a 0.382 retracement back up and now the market is (in my humble opinion) going down to a minor structure level at the 1.272 and 1.618 extension confluence around...

Profit_Through_Patience

Nice AB=CD pattern coming up with 1.414 and 1.272 extension confluence at an even 1200. Opportunity to go long ? Don't hesitate to share your thoughts as this is the first idea I publish :)