Looks like we have a nice Bearish 5-0 on the EURUSD 4H chart. My sell limit is at 1.13800 The take profit fib level lands on a significant level also (the red line)
This pair has been unpredictable as of late, but I think the Bearish 5-0 is still in play. I don't have the margin to take this trade so I might have to wait for price to reach the red box for the sell point.
This is a possible Bearish or Bullish 5-0 pattern. Waiting for confirmation to see which pattern price will form
USDJPY - 2 Sharks at different timeframes, what can you expect? On the hourly chart, USDJPY has completed a bearish shark. We are right there at the PRZ right now. If the market reacts and USDJPY reverses from here, we can expect it to reach 112.95 which is the TP1 of the shark pattern. Small Shark execution PRZ 113.30 SL 113.70 TP1 112.95 TP2 112.65 At...
Waiting for the restest to form up at this level to continue the trend trading setup. Will be taking 2 targets, exact entry, stops and targets will be shared to my inner circle.
I will be waiting for the market to retrace back to the sell zone and look for shorting opportunity as a counter-trend trade. Exact Entry, Stops and Targets will be shared to my inner-circle
Will have to look how this 1-hour candle close, if it close as it is I will engage the trade to Long and may even take extended targets. Entry, Stops And Targets shared to my inner circle.
5-0 pattern comleted on red area. There can be buy opportunity. ______________________________________ You can see my social media links below. ______________________________________
I'm long to the 386 retrace. Than potentially short to targets on chart.
In daily chart,decline trend seems weaker. Price now been support by fresh demand zone,and ma89,and D point of 5-0 look completed.
CHF/JPY potentially forming a bullish 5-0 pattern Action : Short Open : 116.250 Target : 115.500 then Action : Long Open : If price bounce around 115.150 - 115.250 Target : 115.900
Keep a short stop and adjust stops just above the 45 degree trend line.
When pattern overlap pattern overlap pattern and they are all valid, I call it the Eclipsed. Yeah! We have 5-0, the infamous Double Top with Div and Bear Bat all still valid. What will you do?
Waiting for Double Top to short this and pretty much believe we will see a divergence when that happens, which happen to be one of the criteria for me to engage the trade.