EURAUD just reached some potential resistance zones, which can offer some bearish pressure and push prices lower. If that were the case, then we would expect a five wave move lower to develop early next week and ideally breach below the previous swing low of wave B at 1.4875 level. That said another indication for more weakness would also be a breach below the ...
Price currently retesting a pin bar support zone (demand zone) before trending upwards to complete a Bearish Deep Crab. Also look at the abcd within the pattern and watch for its points for targets, as price crosses every point it will be a confirmation to go aggressive and add to your positions, AC trend line is also an important line to watch how price will act on.
Hi Everyone, EUR.USD pattern forming is very complex week by week. After FOMC meeting we can get some clear movement on EUR.USD. I am looking for very short term is bearish, On meeting we can expect strong dollar across the board that leads EUR.USD price to 1.0570 - 1.0540 support zone. I am looking for this zone to enter long with the target of 1.0750 - 1.0850.
There is a cypher pattern forming on SPX500, it will terminate at the previous structure from three days ago The cypher itself gives 80% probability of success and the structure at the level further increases that probability I will be looking to go long at around 2106 area and then take half profits at its 382 retracement and the rest at 618 retracement
Hi all, Development of two harmonic patterns. The butterfly pattern (in pink), to me, is more attractive because it suggests bearish trend is still intact. @ 1.11 we have several indicators for a good selling opportunity. However if market decides to roll over, I will see to it that this bearish channel holds. Laurecen