Buy at 1.1182 with stop at 1.1146 and target at 1.1217
the pair is reaching a critical stage on the 60min charts, its currently at daily resistance with it hitting the special 61.8 fib, looking for longs here, just waiting on confirmation.
As you can see in the 1 hr timeframe, you'll see a downward trend emerging in a WXYXZ pattern with the Z hopefully play part in the formation. Also drawn on the chart was a green support zone which indicates the market moving to the uptrend as the previous candles are touching this support line approximately 4-5 times. This gives me enough indication that the...
If there is a reversal, these double ZIGZAGs could be part of a flat ABC on daily. Good luck!
These five waves could be an "A" wave. If breakout occurs, the retracement of the "B" wave (hourly correction) may reach the 38.2% (as you can see on chart). Happy trading!
Higher time frames are in a down trend. Waiting for an Ichimoku-MA crossover for a sell opportunity if RSI is either overbought or is testing the 50.0 level.
It is an impulse. It is completing five-waves as third wave extension. The last strong hourly downtrend was a ZIGZAG. Happy trading!
It assembles more likely a ZIGZAG to the upside. On daily chart I am assuming that an ABC has formed as second wave. My forecast for long term is BEARISH. LIKE & FAVORITE to be updated. Cheers!
Hello Traders, Today I have a Bat advanced pattern potential completion on the GBPUSD 1H. If this bat completes, it will technically be invalid because of an invalid risk/reward profile according to my stoploss rule. However, since this pattern is on the 1H (relatively smaller timeframe), I will allow myself to move my SL placement to a 1:1 risk/reward in order...
Support & Resistances on chart. Happy trading!
Don't usual dabble with commodities or metals but this looks like a potential trade to go short. The triangle formation shows a massive reversal of the uptrend plus the double bottom has been formed and continued on with a big short bar.
Happy trading!