USDCHF throughout febuary has been pretty bullish but there are key resistance ahead that could lead into short swing trades
Bear bat harmonic pattern Short USDCAD 1.12740-50 SL above 1.1300 TP 1.2580 ====== www.ForexPositive.com Twitter @ForexPositive ======
Bear bat harmonic pattern Short USDCAD 1.12740-50 SL above 1.1300 TP 1.2580
The confluence of 161.8 and 23.6ret. would be a nice T1 for over 180 pips on market entry now.
With a bearish engulfing confirming reversal on the daily and a pull back to theT.L confirming a lower low and a possible shooting star formation the 4hr is looking promising for a drop down to 88.327 in between the 38% and 50% retracment and above a previous demand zone for a safer exit. After a shooting star on the 4hr and forming lower highs and lower lows ...
Bearish BAT pattern is setting up in a well established downtrend. At BAT completion, many fibs levels are lining up defining a nice kill zone.
Bearish bat harmonic pattern Short AUDCHF 0.8630-40 SL 50-60pips TP1 0.8500 TP2 0.8400 ===== www.ForexPositive.com Twitter @ForexPositive =====
In a strong daily downtrend, a bearish Bat on 4h chart is completing at structure. Even if there is no RSI divergence, the oscillator is going overbought.
AUD/USD 4H Bearish BAT @ strong structure (PRZ)
Hello all, as we approach the official news release of the Silk Road auction price has moved into an interesting location. As was mentioned previously, the move through $610 over the weekend has registered a wide double bottom off the 38.2% Fib level off the higher time frame charts. This bodes well for BTC over the longer term, however, when we drill down to...
Bearish bat harmonic pattern Short GBPUSD 1.6890-1.16900 SL 50pips TP 1.6780
Short GBPCHF 1.5040-50 SL 50-60pips TP 1.4800
There are two resistance levels that need a lot of volume. There is a nice fib cluster off the BAT.
Short EURJPY 143.00-10 SL 50pips TP 141.00
Long GBPUSD 1.6670-80 SL 50pips TP 1.6990-1.7000
Short USDJPY 103.70-80 SL 50pips TP 102.70
Short gold 1378-80 SL 1400 & above TP 1320-30