This is just a Monday entry. this is not the idea im looking at for the week! But... PIPS and all!
Enter - .98371 Set an alert!
SL - .98737
Potential TP - .97672
(But yall know I use a trailing SL)
Just an FYI...
For the week, I would like to get into a buy from our TP price!
GBP/USD could be forming a bearish Gartley Pattern I am looking for price to come to around 1.35314 to enter the trade for the sell . That entry would also be a perfect C point for a potential Cypher pattern
BTC was emotionally hijacked during March and April but seems like it is returning back to it's technical sense. I have outlined some possible supply and demand levels taking into account the false moves BTC has been making over the last two months. Supply and Demand are based on the Kobane method of using the 78.6% and 88.6% Fibonacci levels to identify supply...
Possible Bearish Cypher forming on Bitcoin looking for a pull back on this area to at least around 7000 then I will be looking for a Buy up to my D point . If this happen there will also be a Bearish Butterfly that will be formed in the same area
Looking at this to be a good B point for the Bat pattern, We are currently within a Sweet Spot Zone and testing a higher time frame trend line. There is also Bearish Divergence on both the MACD and RSI. Looking to ride this down to our next Sweet Spot Zone or Level of Conviction, where our C point would then be formed. If a Lower low is created Im looking to ride...
If we see a reversal in our sweet spot area for the larger swing that would be a perfect spot for a X to A to B move. If price then retraces into our devil's advocate position that would then be the C point
There are two possible Harmonic patterns on Bitcoin a Bearish Butterfly and a Bearish Crab
The Butterfly Pattern has completed the Crab is still forming
We are also in a sweet spot zone and looking left I see a DBD area which is also a fresh and untested zone
