GBPUSD is showing a downtrend movement on the daily chart.
On the 4-hourly chart, the market does show a possible potential head and shoulders. I will definitely need to wait for the candle to touch the read shoulder before I can engage.
On the smaller timeframe, you can see the blue bullish bat pattern. I have already engaged this, thought market move back to...
On this pair we also see the completion of the bat pattern on the 4 hr chart which signaled us to buy the pair at the completion of the 4th leg of the pattern. Our take profits are set at the green zones. FX:EURNZD
We see the completion of the bat pattern on the 1 hour chart. This completion of this harmonic pattern is a bullish signal. We currently have open long positions on this pair that are in loss, and one of these positions has a stop loss point at 1.6490. We are predicting a correction is expected from this zone and the position will not hit the stop at market...
EURNZD - On this pair we also see the completion of the bat pattern on the 1 hr chart which signaled us to sell the pair at the start of the 4th leg of the pattern. The position also moved as predicted and hit our take profit at the green zone. FX:EURJPY
Another clean setup on the USDCAD pair. This time we have the Bearish Bat Pattern completing at 1.3318 price level, which I am interested to add on to my existing long term position short.
Entry price: 1.3318
SL: 30pips above Point X
TP1 and TP2 as shown on chart
Extended targets at the completion of the Bullish Bat Pattern.
Do like and share this post. Follow...
Here is my picture of what is happening here on this pair. We can see a massive drop in a bullish market from 1.36550 down to 1.32000, following that market has formed bearish flag pattern and broke it to the downside yielding nice profits and forming an ABCD pattern that actually yielded some nice profits as well. Now the next thing happening is market is forming...
We are predicting the Bat Pattern to complete as long as the red resistance zone is not broken. Our strategy is to trade the 4th leg of the pattern, but a break of the red zone will make the pattern invalid, therefore we will close our position. OANDA:CADCHF