A bearish bat pattern might be completing soon on H1 timeframe.
Risk:Reward at 1 (TP1) and 1.8 (TP2).
Cross analysis with DXY as they are inversely correlated, a bearish bat pattern might be completing, do refer to the other post on DXY.
A bullish bat pattern might be completing soon on H1 timeframe.
Good Risk:Reward at 1.8 (TP1) and 3 (TP2).
Cross analysis with XAUUSD as they are inversely correlated, a bearish bat pattern might be completing, do refer to the other post on XAUUSD.
CADJPY has already completed a bullish Shark pattern and price actually reacted to that level. I missed the entry and I am now hoping for a retest of the PRZ. I now see a smaller bullish Gartley pattern completing at around 85.90/86.00 levels
I would also like to see the RSI going down to the oversold region for more confirmation
There is a bearish cypher pattern set up on the H4 chart on AUDUSD with D completion at 0.76430.
Trade details below.
Entry at D completion - 0.76410
Stop above X point - 0.77850
Target 1 @ 38.2% retracement of the CD leg - 0.74650
Target 2 @ 61.8% retracement of the CD leg - 0.73500
If price reaches target 1 I closed half my position and move my stop to entry....
The trade I am putting out isn't a harmonic pattern but it is something that I have been working on the past few months. I see a double top forming on H4 on AUDCHF.
The double top is across two weeks and there is massive RSI divergence happening now.
The candle close in 30 minutes will confirm this trade but I am already in at 0.7577.
Stops is just 35...