Good Afternoon!
A Bearish Bat pattern has formed after my previous on USD_JPY 30m
Wait for a completion and the rsi to get into its overbought zone!
Plan accordingly,
All the best in your trading!
CharlieFX
Good Day,
There is a potential Cypher pattern forming over EUR-USD, 60m
If price retraces at 1.272 / 0.786, Could be an opportunity to buy.
Fibonacci bouncing in 0.382 & 0.618 retracement areas.
Small pattern formation in the bounce area also could signal downwards movement.
Have a nice day!
All the best in your trading,
CharlieFX
Hello all traders! More harmonics!
We may have a Bearish Butterfly pattern on USD JPY 60m
Conserve losses! As we have NFP on the way!
Have a good one, and all the best in your trading!
CharlieFX
Hello All Traders,
This may be a very nice setup! be conservative,
Is a 10+ Risk to Reward setup!
RSI ( OVERBOUGHT) -- Stoch (Flat OVERBOUGHT)
All the best in your trading!
CharlieFX
GOOD DAY EVERYONE!
Potential pattern formations on USD JPY 60m
If D completes, then I will look for an entry to SHORT this pair!
All the best in your trading!
CharlieFx
Hi everyone, its been a long Christmas, and I hope you all had a great one!
Sorry about the lack of uploads and still will be away for another week!
I am posting a chart to show a potential setup, so feel free to take a need to use it for your analysis!
Have a great day, and all the best in your trading!
CharlieFX
Wait for stochastic to leave OB zone
Scale out profits past 1st TP on the way to 2nd TP.
You can also adjust your SL to break even after price moves away!
Good Luck Trading!
All the best,
CharlieFX
Hers's something for you breakout traders out there!
If the breakout of the pitchfork retests and bulls take the trend,
it could keep pushing higher from there!
Have a nice day!
All the best in your forex trading!
CharlieFX
Morning!
Looking at the correlations in excel for today, EUR/USD + GBP/USD have a very positive correlation (93.9) for the hourly
This means USD is countered, i.e it becomes EUR/GBP >
also waiting on retracement from the FIB EXT level of 127.20%, this will complete D,
and will be a good time to sell if the price reverses from that area.
Elliot Wave - I have...
2 Take profit areas on the completion of this pattern,
Place stops behind one of the major resistance lines! looking at a 3:1 - 4:1 Reward ratio here!
All the best, will update results! As of now the STOCHASTIC(Default) is in EXTREME overbrought conditions!
RSI is also in the overbought area. > As with the pattern hitting the 127.2 and 161.8 area, this is also...
BEARISH PATTERN, BE SHORT, BUT CONSERVE WISELY.
I did not include the MACD Indicator and the RSI (7)
MACD is showing a SELL signal at the blue box peak of the pattern.
RSI is showing Showing HIDDEN DIVERGENCE. Take this into consideration as it plays a key role,
In trend reversal that is! Put these indicators on your charts and you will see!
Have a good one.
CharlieFX
