Shorted the pair based on the earlier bearish Shark pattern. The retracement hit my protective stop loss. now possibly looking for a Type 2 re-entry or a test of the support turn resistance Trend Line
Looks like the CADCHF is reacting to the smaller bearish Shark pattern.
This setup could still be a little too premature this moment. I see a bearish Bat completing at 0.7600. Let's see if there is opportunity to ride up the CD Leg.
Similar to the GBPUSD setup. There is a bullish pattern coming up. PRZ at 130.40
Price bashed below the smaller bullish Shark (posted earlier this week) making that pattern invalid. Now I am looking at this bigger Gartley pattern. Let's see how price reacts to the PRZ @ 1.2925
I am expecting this bearish Bat to trigger a sell off to the 100.00 level for the bigger Bat Buy
I believe there is still more down side to this pair. I see a bullish Shark completing at a lower level around the 1.6961/92 zone. Still some room for this to fall.
I am looking to go long on this pair as it comes back to test the 1.3033 PRZ
I am expecting the pair to go slightly higher to complete the bearish 5-0 patterns at 1.1350. Then only it would be a good opportunity to look to short
I see two harmonic patterns completing at around 1.3270. I was waiting the whole day and it looks like I'll have to wait a little while longer. Might just be a trade for tomorrow or next week.
The bearish shark pattern completed last week now we could see a retest of the highs for a Type 2 harmonic pattern to short. Paying close attention to the 0.9940/50 levels
EURGBP bearish bat to complete at around 0.8585. I would like to look for a reaction to that level before I go short on this pair. Notice the bearish RSI BAMM lining up for the short too.
Let's have a look at the smaller time frame. A bearish Bat completing at around 1.6855 levels
From the charts I can see the bigger Gartley completing at 0.7344/58 The smaller Shark completing at 0.7357/69 Hence we have a potential reversal zone of approximately 35pips, small for a H4/Daily chart Let's stay patient for the TBar to form.
After the market calmed down towards the closing of the week, the chart is showing us a Bullish and a Bearish Bat pattern on the EURUSD. Let's see what happens next week and trade them accordingly.
After the market calmed down towards the closing of the week, I see the EURUSD chart showing us both a bearish and a Bullish Bat pattern.
What is the market telling us now after all the turmoil from Brexit. Is it going to be Risk on or Risk Off for next week ? The charts are showing us that the AUDUSD is currently supported at the 0.7330/50 levels. If these support levels give way, we could be looking at 0.7060 or even 0.6950 levels for the pair as it goes down to complete the Bullish Bat pattern
NZDCHF completed a Bat pattern, price could potentially come back to test the PRZ again