- Pattern completed - Bear divergence present - Pin bar (reversal bar) formed Entry: 76.65
- Pattern complete - Bear divergence present - Pin bar (reversal bar) formed. Entry 73.07
Hey Traders! It's been awhile since I've shared an idea, I've been working on automating my trading strategy! AUDUSD is approaching a critical level presenting us with an opportunity to enter a 2-3 week short with a nice R/R. The pattern that caught my eye is the bearish 5-0 which I've had success with in the past for 4H-1D charts. In addition to this, we have...
Large Bearish Alternate Bat (Green) in play and now a small bearish 5-0 (Purple) about to be hit.
Large Bullish 5-0 (RED) + Smaller Bullish Shark (Gold) Double Harmonic is usually a very good sign. Aim for 50% retrace and then for top of channel.
5-0 pattern formation with support at point D on the exponential moving average 200, and the formation of hidden divergence
Shark (small in RED) in play with target of 50% retracement into the "5-0" Price reversal zone (PRZ) If it beats the Shark double top it's going up to target the larger blue shark.
I expect to he do the same movement again.Volumes falling steadily.Bears powers are decreasing. Safe trade:)
The bullish divergence present suggest that the price will continue higher to near resistance around 1.3050. Preparing for a possible bearish Shark pattern. OIL price still poisoned for a brief uptrend.
Patterns completed on D1 and H4 charts, but it looks like the price will retest near resistance at 1.16 (Combo Shark & 5-0 pattern) H1 chart view:
5-0 pattern was completed. My expectation is bounce to %161,8(ab extension) . This level also C point(grey) on pattern. I expect that there will be splash to 1.17.
B=0.618 C=1.13 D=2.24 target=CD 0,5 fib lvl