A potential bearish crab pattern is about to complete. R:R at 1.6. Aim for 38.2% retracement. Good luck.
Our preference: short position below 1.1580 with targets at 1.1520 & 1.1505 in extension. Alternative scenario: in excess of 1.1580, aim for a continuation of the rise with 1.1600 & 1.1625 in the line of fire. Commentary: as long as 1.1580 is not exceeded the risk of a sink of 1.1520 is important.
The trigger for a short entry would be a daily close (5 pm EST) below channel support. However, there is a trend line that extends from the October low that was just breached on a 4-hour closing basis. From here any retest of the 1.1620/30 area as new resistance will likely encounter an influx of selling pressure. Key support comes in at the channel bottom near...
interested signal and ratio more than 1.3
Looking to short this pair as it is making a possible H&S pattern + breaking daily trend line. Wait for a drop and pull back before taking this position. Good luck and trade with care!
ENTRY: 1.1588// SL: 1.1623// TP: 1.1512
Price has hit all points of PRZ at this hour for this bearish bat pattern, hopefully price closes in PRZ. R:R at 1.4 (TP1) and 2.4 (TP2) if trade is executed within PRZ. Good luck.
price moving inside the channel and we can expect price to break the channel. now in the resistance area. we can try to short. another entry will be using Bat Pattern
Potentially a nice 500 pip move to the downside. You may make a decision based on confirmation of the bearish engulfing candle on the 30min/15 mins. Use proper risk management in all trades good people!!
PA is creating a nice flat pattern for another sell towards the downside. USD/CHF formed a nice pin bar close this past Friday after the NFP results. so all chf pairs are looking to gain strength. Will watch this pair this week to see what Price Action (PA) gives us. Potential 300+PIP move right here so be on the look out!! FXT :)
EurChf last week capitulated below the key area of support at 1.15558 before finishing the week criss-crossing the key area of 1.14482. Price is currently in the process of forming a Descending Triangle pattern indicating further declines in the EurChf next week. As long a price stays below the 1.14482 we will look towards the targets of 1.13594 and 1.12782 respectively.
As you can see I found this a little late but if it pulls back close to entry I will likely jump in.