Reversal pattern 61.8 Fibonacci Oversold Rsi (5) Ratio 1:1
Greetings, Everyone! Major red bearish Wolfe wave was formed by the FX:AUDNZD pair. It is being supported by RSI divergence as well as the formation of minor orange pattern inside its internal structure. The closer look at orange WW reveals that it is also being backed by RSI divergence. Significant volume rise at point 5 confirms the importance of this area...
There is possibility to go SHORT from the price of 1.2565 to the level of 125.20.,125.00,1.2460 TP should be considered 38.2%,50%,61.8because of Bearish Flag .... Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards,
15 Min Chart. Possible Bullish Inverse Head and Shoulders forming
So tonight I wanted to revisit a pair that we looked at this weekend, but first of all congrats to anybody that was able to catch all or part of the painless 100+ pip drop!! (RING THE REGISTER!) Now the question is what's next? and my answer may not be what you're expecting. Despite price pulling back into our previous level of structure, I still have a higher...
1. We can see there is Key Level of Structure Resistance overhead in the Red Zone. 2. Look for Reversal Patterns in the area
Breaking up the descending trend gives a potential upside to $68 I expect a pullback on $56,50/ $57. Sell it if trades bellow $55 Keep it simple
I think the downtrend in SC finished as soon as SC touched the main support line. Now it created a new uptrend channel and I am buying. My short term target is 0.618 FIB level, which is 0.00000702.
Expecting Long term sell similar to what happened with previous patterns highlighted.
Price action is in the process of possibly forming a bullish Cypher pattern at a previous support level . Looking for the D Leg Completion at 1.31957 And taking 3 Targets Target 1 1.32390 Target 2 1.32653 Target 3 1.33865
Several factors pointing to a short setup on the GBPUSD pair on the 4hr Chart: - Supply zone retest - 38.2 fib. retracement - reversal candles - 21 EMA retest - short term trend line resistance
Looking to sell this pair at the highlighted area. This is a long term trade. Look for entry Between Today and Tomorrow.
I am looking for a buying opportunity at the monthly support on this pair.
Several Confluences, Strong rejections of level 87.5 & 88. The price is exhausted. Weekly - Strong rejection of 88.00 Daily - Bullish exhaustion. 4h - Strong Bearish Impulses with small bullish candles(possible retracements). Scenario 1. If the price counter trend holds and a break of the lowerline trend line support. A potential target would be 85.5(AB=CD...