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MY NEW PATTERN
Membro Desde Nov 21, 2011
1601 posts
Jan 15, 2014 at 16:23
Membro Desde Nov 21, 2011
1601 posts
sommerxp posted:
so You waiting for 140. 000-ish and take a long buy position?? Me to , but it will be most probably in monday -tuesday next week hope so anyway we have to wait few days
Yes...
If it can't bounce or hold... price will start a bearish pattern on BB Low H4.
Membro Desde Nov 21, 2011
1601 posts
Jan 15, 2014 at 23:46
Membro Desde Nov 21, 2011
1601 posts
Membro Desde Nov 21, 2011
1601 posts
Jan 17, 2014 at 22:01
Membro Desde Nov 21, 2011
1601 posts
Market looks kind and it's willing to offer the Long entry on 38% Fib

You have noticed that BB on H4 is now straight and narrow again... meaning that a price action is ready to happen any time.
So as it gets close from BB Low, market could break 38% Fib and starts Step 1 of bearish Pattern. This would lead to the continuation of the "Inside (Step 2)" on Daily Pattern and market will retrace to the 50% Fib.

The Pattern is easy to follow and understand... it's like a matriochka


You have noticed that BB on H4 is now straight and narrow again... meaning that a price action is ready to happen any time.
So as it gets close from BB Low, market could break 38% Fib and starts Step 1 of bearish Pattern. This would lead to the continuation of the "Inside (Step 2)" on Daily Pattern and market will retrace to the 50% Fib.

The Pattern is easy to follow and understand... it's like a matriochka

Membro Desde Nov 21, 2011
1601 posts
Jan 20, 2014 at 00:41
Membro Desde Nov 21, 2011
1601 posts
Support bought @ 140.55 SL 10 pips is enough
Membro Desde Nov 21, 2011
1601 posts
Jan 20, 2014 at 01:04
Membro Desde Nov 21, 2011
1601 posts
A very tight SL as Bearish pattern is on Step 1 on 15Min, 30Min, H1 and it would be on H4 price closes below 140.50
Membro Desde Nov 21, 2011
1601 posts
Membro Desde Nov 21, 2011
1601 posts
Membro Desde Jan 14, 2014
166 posts
Membro Desde Nov 21, 2011
1601 posts
Jan 25, 2014 at 15:32
Membro Desde Nov 21, 2011
1601 posts
Here a very nice example on EURUSD last friday 01/24/2014
Sell signal has been issued at the end of the bullish pattern which is also the end of the price action.

Trading is about timing... When it the right moment to enter a trade? PRZ gives momentum for the action.
Look at the chart below and compare both:

Sell signal has been issued at the end of the bullish pattern which is also the end of the price action.

Trading is about timing... When it the right moment to enter a trade? PRZ gives momentum for the action.
Look at the chart below and compare both:


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