-Price broke up the correctional trendline -Shows rejection @ 1.100 support -Aiming for 1.110
will be a good setup if price retest the upper trendline and complete bat
The AU-Dollar -vs- NZD is expecting to fall to 1.05 area or lower. - Westpac is expecting the RBA to keep rates on hold in 2017, 2018 and 2019.
support found, we need to get some pullback reaction best price to short on the right shoulder. RSI Bearish Divergent. target on chart
price complete entry point for 2618 trade setup. if price going further, we can use bat pattern for another entry
watch out when price come into potential short zone. target should be previous low.
Supply and Demand lines are drawn for only education, we are lookng for levels...
A bearish bat pattern has completed with price closing in PRZ and RSI at overbought level as well. Waiting for current hour candle to close before considering to short. R:R at 1 (TP1) and 2 (TP2) for this setup. Let's observe.
I will say this is a high probability trade for the upcoming week. This past week showed that a reversal might be in sight, and I will take this last weekly, daily and four hour candle closes as a confirmation to that. I will use the daily candle wick as stop loss at 1.0900 and the fibs as TP's Tell me what you think. Have a great weekend everyone!
price complete 2618 trade setup. and entry on bat pattern
watch for bat pattern completion on waiting for wedge broken to buy
We see consolidation around 1.0828 to 1.0844, hence still need some time for pattern to complete. R:R for this gartley pattern at 1.5 (TP1) and 2.5 (TP2). I will update if pattern completes.
Trade just hit take profit at daily level Successful close-out
THE D LEG OF A BULLISH BAT BASED OFF THE DAILY CHART COMPLETED LAST WEEK. LOOK FOR PRICE ACTION TO CONFIRM SWING WITH A REVERSAL ON H4/H1