IF WE SEE A 1.27% COMPLETION OF THE D LEG WHICH WILL BE ANYTIME SOON THEN WE WILL CERTAINLY HAVE A BULLISH GARTLEY COMPLETION.
SEEING THAT WE HAD A GARTLEY PATTERN EARLIER ON TODAY ON THE EURUSD WE ALSO HAVE A BIGGER BAT PATTERN SETTING UP DEPENDING ON WHAT YOUR TRADE PLAN SAYS WHICH PATTERN TO TRADE WE ARE LOOKING AT A NEAR COMPLETION OF A BAT PATTERN WE NEED TO SEE A 0.886% OF THE D LEG TO SEE A BAT PATTERN COMPLETION
WE ARE LOOKING AT A POSSIBLE BULLISH BAT PATTERN SETTING UP HERE WE NEED TO SEE A 0.886% COMPLETION FO THE D LEG.
Adding a final long at the .77 level will be holding this until December if not stopped out currently still holding to longs back from .763 and .768 I feel that I wan't to enter 1 more time though and just leave it to grow. Added with the DXY weakness and beginning of inflation for AU I believe this can be a great long term trade with the potential for big rewards...
BULLISH BAT PATTERN THAT JUST COMPLETED RSI AT EXTREME OVERSOLD CONDITIONS SLIGHT BULLISH RSI DIVERGENCE
THIS CYPHER PATTERN IS AT COMPLETION WITH A LITTLE BIT OF BULLISH DIVERGENCE. RSI ALSO AT EXTREME OVERSOLD CONDITIONS
- Strong previous support level - Retraced off a key fib level (0.764) - Decent risk/reward ratio of above 2:1 - Showing signs of reversal due to bullish candle with a long wick. - Will wait for price to break the next fib level (0.618) for confirmation that price will continue north. - Will bring stop loss to break even when price reaches at least 90% of target...
Final update for the downside sentiment. After the outlook of Tuesday I adjusted my positioning and Bamb the perfect tap. This is what I was hoping to see in order to confirm my going long. I will be going long as you can see, But I think I will wait until Tuesdays outlook or just after the first hour of the U.S. Open. I am hoping to see and am being aware that we...