We can see a beautiful flag at 4h chart. Friday, today, there was a breakout. I believe price will hold at resistance zone I mentioned with red rectangle, then reverse, make a double bottom at previous local support (blue rectangle) which will also be our retest then fly to previous highs. Beautiful set up for next week.
BC leg is holding at a resistance zone, at the moment. It happens to be 0,5 fib. retracement so we have an extra reason to enter. Take profits are at ABCD completion which is also a support area.
EURGBP at 4h just broke out of a rising channel which made after a falling one kinda looking like a flag. We should wait for a clear confirmation of reversal below the line of falling channel to make sure this is not a breakout. Then enter with a beautiful R/R ratio. This one to finish the week. It may get triggered until night. otherish, keep it in your radar.
We can see a Bearish flag at 1H. We saw a breakout because of the news today, then reversed and made a double top. Double top confirmation closed inside the bearish flag. We put targets 1 at 1:1 R/R and Target 2 at a good level of support. We expect GBP to fall even more because of the political uncertainty. Nice mid-week trade. Only if you trade flags this way tho.
Lost the previous H&S I posted because of another retest of right shoulder. This breakout looks perfect if we manage to take a retest at 0,618 fib retracement. From there, we can go as low as the 141.0 !
Enjoy!
Bullish triangle formed at previous resistance and today we saw the breakout. We also saw a double top formed at 0.382 fib retracement at the 1h chart. This could hold and hit our TP1 target which is at AB=CD completion which also is the 1,618 fib extension. Enjoy.
Triangle formed in previous resistance that held completely!! We know see a clear breakout and a double top confirmed at 0,382 fib retracement. All those in 1H timeframe. Take profit 1 is at AB=CD completion pattern which also is a 1.618 fib extension. tp2 is a long one at previous support.
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