I was eyeing this Bearish Shark yesterday. I guess the Article 50 completed the patterns and it reacted to the PRZ.
Pattern Identification
The bearish Shark completed yesterday when the price went up to 1.2420.
It immediately reacted to the levels and dropped.
Now there is a smaller bearish Bat (in green) completing at the same level 1.2420.
Also a Type 2...
H1 Chart seems to be on a uptrend at the moment.
This shark pattern has 2 PRZs, do keep a lookout on which PRZ is being respected.
PRZ 1
R:R at 4.1 (TP1) & 7.5 (TP2)
PRZ 2
R:R at 4.6 (TP1) & 8.3 (TP2)
I will update when pattern completes.
The pair has been on a down channel since the beginning of last trading week. We could be seeing some pause here at the completion of the Bullish Butterfly pattern
Pattern Identification
The bullish Butterfly completed around the 0.6910 levels
Trade execution
It would be great if this current candle closes to form a bullish engulfing pattern. At this moment...
If price action breaks through strong S&R area at 1.074*, we might see a bearish bat forming around 1.0753. Entry level is somewhere between 1.07569 and 1.07501 (watch out for price reversal signs like RSI overbought, pin bar, reversal candle, etc.). S/L is above X at 1.07531.
Target 1 above 0.382 C/D retracement (previously support & resistance level), target...
Looks like FX:USDJPY is heading for a bearish crab pattern setup. The "D" point is right in a strong support & resistance area. Our entry is somewhere between 112.059 and 111.919. Conservative S/L is above the 0.786 X/A retracement projection, for more risk but better RR S/L can go above the S&R at 112.191.
Target 1 is at the 0.618 C/D retracement which is...
After the FOMC decision, the USD has been weakening and has now reach a critical turning point. Hoping that EURUSD can take the lead from AUDUSD and start to fall soon.
Pattern Identification
Bearish Shark pattern completed on the H4 chart at 1.0790/95.
Trade execution
Price went slightly above the PRZ and is currently supported by the PRZ. I would want to...
Price is in PRZ, pattern is completing soon
PRZ is at good resistance level based on daily chart
RSI is about to hit overbought level
R:R at 1.2 (TP1) and 2.2 (TP2)
I will update when pattern completes.
Might use H4 chart for entry.
Hi guys, this is my analytical day for USD JPY
*****
SL and Tp Explained in the analysis
If you like the analysis, enter your deal and if you do not like it, go away from it
I spotted this pattern late and I am not in the trade.
Just to share with my followers what I mean by "hope AUDUSD is leading and EURUSD will follow suit"
The other index that we were looking that evening at was the S&P500.
There was a bearish Butterfly completed at 2340/50. We expected that to be the turning point at the beginning of 2017. However it has gone much higher.
Now I see an AB=CD pattern completing at 2400/2407 level. Would like to see price react at this levels with a bearish pin bar or a bearish...
MIssed out on the earlier short because the looming FOMC decision. Now we look for new trades on the pair.
Pattern Identification
There is a bullish Shark pattern completing lower at the 112.05/30 level. Only when it reaches those level, then I will be interested to go long.
Trade execution
For this moment, let's monitor the price movement. If it creates a...
HALLO ,
i think it will for sell from 1.07931 or 1.08638
BUT it nearer for sell from 1.07931
the take profit 1.07000 , 1.06760 , 1.06300
but i can`t definite stop lose becouse The big difference between the two reflection areas
good luck
Hi guys,
this evening i want to bring your attention on this scenario on AUDCAD. As you can see on the left hand side of your screen, price is now testing a key resistance zone on the daily timeframe. Also, it has created two different ab=cd patterns (one on the daily, one on the 4hr chart) that are going to complete right at that structure level.
RSI is in...
