Deep crab pattern complete at 1.618 level and we have bearish divergent for short setup.
wait until price break trendline and red support for confirmation.
Sell on pullback
Price already in the high location and still don't have any significant pullback.
so i'll look for sell on this pair.
Sell on break triangle will become the entry strategy.
SL above triangle. target on chart
after some correction, price potentially complete bearish Butterfly pattern and AB=CD pattern.
we can take buy entry targeting complete pattern.
If pattern really happen, after that we can take another sell based on bearish pattern
Price pullback and retest 38.2 level and previous structure resistance.
we can consider to take a short position for continuation.
in 15m chart we can see potential head and shoulders.
short on potential right shoulder will be best entry
target on chart, SL above 50 persen level
This's my next plan for GBPAUD in 4 hours chart timeframe. As you can see in chart we found the big falling wedge patten.
if you want to trade with falling wedge pattern the next target in the green line. the stop loss 100pips with rewards 500pips
this is the good setups for long trade. 1:5 Risk Ratio, Enjoy my trading plan!
Disclaimer on,
"FROM ZERO TO HERO...
NZDCAD complete bullish cypher pattern. However, the price still bearish. so can focus on sell. price may pullback to 38.2 level or blue area. When price pullback to that level, we can take another sell entry targeting yellow zone
Price facing Daily Resistant once again and we can expecting some rejection.
in 4H chart we can also see that the price still ranging and potentially make some downside movement
and for the setup we can see potential head and shoulders and bearish divergent as well
Bat pattern potentially created for short setup.
complete bat will also retesting resistant and give us best price to short.
blue levels will be the target
The USDIDR also trends with its peers in Singapore and Thailand for continued downward movement. Although weakness in the past week is showing weaker signals in RSI and the bull bear crowd sentiment indicator, nearly all exponential moving averages suggest further continuation of the trend. In spite of this, price action is fast approaching a 2018 trend line which...
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