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Price Action - Chart/Candlestick Patterns

  • #41
  • May 26, 2022 3:47am May 26, 2022 3:47am
Quoting pipibrasci
{quote} GBPUSD M30 UPDATE Break below support and TL nullifies target objective 1.2620 - 1.2650. (This megaphone pattern comes with high volatility and momentum as triangle expands.) Then we could see H4 setup/ "failed "W" pattern playing out eventually. maybe 1.2480 could be next target. {image}
Late Quasimodo setup M30

in a critical zone.. lets see what happens here. Expect volatility/momentum.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #42
  • May 26, 2022 3:50am May 26, 2022 3:50am
Quoting pipibrasci
{quote} All 3 Trades closed. +41pips. 4.1%
CADJPY H1

2nd entry.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #43
  • May 26, 2022 4:02am May 26, 2022 4:02am
Quoting pipibrasci
{quote} GBPUSD M30 UPDATE Break below support and TL nullifies target objective 1.2620 - 1.2650. (This megaphone pattern comes with high volatility and momentum as triangle expands.) Then we could see H4 setup/ "failed "W" pattern playing out eventually. maybe 1.2480 could be next target. {image}

GBPUSD UPDATED M30

Mixed market reactions. Trade safe.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #44
  • May 26, 2022 4:43am May 26, 2022 4:43am
Quoting pipibrasci
{quote} Late Quasimodo setup M30 in a critical zone.. lets see what happens here. Expect volatility/momentum. {image}
There you go. Price revisited centre line. Close above centre line indicates a ride up and target objective still alive.
M30
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  • #45
  • Edited 6:25am May 26, 2022 5:14am | Edited 6:25am
Quoting pipibrasci
{quote} There you go. Price revisited centre line. Close above centre line indicates a ride up and target objective still alive. M30 {image}
GBPUSD M30
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #46
  • Edited 5:56am May 26, 2022 5:28am | Edited 5:56am
Quoting pipibrasci
{quote} {image}
GBPUSD M30

Strong barrier (channel line) preventing breakout.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #47
  • May 26, 2022 6:13am May 26, 2022 6:13am
Quoting pipibrasci
{quote} GBPUSD M30 Strong barrier (channel line) preventing breakout. {image}
Trades closed @ 1.2620. +93pips; +10%
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #48
  • May 26, 2022 7:03am May 26, 2022 7:03am
Quoting pipibrasci
EURUSD H4 Possible Target 1.0780 - 1.0820 (Price Target Objective) {image}
EURUSD H4 Update

Price objective still looks valid. Price has strong intent for Upper channel line.
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  • #49
  • Edited 7:39am May 26, 2022 7:18am | Edited 7:39am
Quoting pipibrasci
{quote} EURUSD H4 Update Price objective still looks valid. Price has strong intent for Upper channel line. {image}
EURUSD M30

Lets see what happens at level.. Break out or rebound. watching closely
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  • #50
  • May 26, 2022 7:53am May 26, 2022 7:53am
Quoting pipibrasci
{quote} GBPUSD M15 H & S / Megaphone Pattern Target objectives allign with "W" H2. H4 Rising wedge playing out should price hit target zone. {image} {image}
GBPUSD H4 Update

@ structure closely.

But i focus at the moment at lower TF.
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  • #51
  • Edited 5:21am May 27, 2022 1:44am | Edited 5:21am
Quoting pipibrasci
GBPUSD H2 https://www.forexfactory.com/thread/...4#post14000424 {image}
GBPUSD H4 Updated.

Price Objective/Target for Ascending Triangle which coincides with Price Objective Target for Falling wedge has been fulfilled.

I guess its time to rekindle Price Target Objective for *Descending broadening wedge which is around 1.2760 - 1.2780 but at the same time current mkt structure (uptrend) displays a rising wedge pattern. Rare cases of price breaking out of rising wedge to the upside.

BOS lower line could validate RW.
BOS upper line could validate DBW.

Lets watch closely.
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  • #52
  • May 27, 2022 2:19am May 27, 2022 2:19am
Quoting pipibrasci
{quote} EURUSD H4 Update Price objective still looks valid. Price has strong intent for Upper channel line. {image}
EURUSD H4 UPDATE
Upper channel line hit, pending price objective.
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  • #53
  • May 27, 2022 2:22am May 27, 2022 2:22am
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  • #54
  • May 27, 2022 2:30am May 27, 2022 2:30am
Quoting PatienceFx
{image}
welcome!
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #55
  • May 27, 2022 2:50am May 27, 2022 2:50am
Quoting pipibrasci
{quote} EURUSD H4 UPDATE Upper channel line hit, pending price objective. {image}
EURUSD H4 Update

Break above last two successive D1 close candles.

Break out of price channel (1)

*Upper channel line/ Price channel (3). coincides with the fib. ret 0.50 level.

So BO of Price Channel (3) or we see some retracement?
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  • #56
  • Edited 5:20am May 27, 2022 3:07am | Edited 5:20am
GBPAUD H4

Price Objective for Descending Triangle.

Current* Mkt structure is Rangebound.
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  • #57
  • May 27, 2022 3:55am May 27, 2022 3:55am
Quoting pipibrasci
NZDUSD H4 Price Objective/Target still pending. {image}
NZDUSD H4 Update

Price hit Target 2. Resistance level coincides with Price objective target for ascending broadening wedge/ fib .382 ret. level.
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  • #58
  • May 27, 2022 4:32am May 27, 2022 4:32am
GBPUSD H2 *

Evening Star

Nearest Possible target 1.2590-1.2585 (centreline)
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  • #59
  • May 27, 2022 6:00am May 27, 2022 6:00am
Quoting pipibrasci
GBPUSD H2 * Evening Star Nearest Possible target 1.2590-1.2585 (centreline) {image}

GBPUSD H2

Target hit

Trade closed +22pips, 2.8%
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #60
  • May 27, 2022 6:47am May 27, 2022 6:47am
Quoting pipibrasci
GBPAUD H4 Price Objective for Descending Triangle. Current* Mkt structure is Rangebound. {image}
GBPAUD H2 Update

Price Objective fulfilled..

Will pay close attention to this pair.
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