Here, we are looking at the USD/ZAR on the 4h chart. Price has broken out of the previous down trend. As price makes its way up, it has the potential to complete a bearish bat pattern at the 13.6000 level. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886
Here, we have the USD/ZAR on the 4H chart. The bullish 5-0 pattern has completed, and now we are just waiting for reversal to take place. The breakout of the current trend channel is further confirmation for the price reversal, along with the 5-0 pattern completing right on top of the trend line. The measurements for a valid 5-0 pattern are detailed below. B:...
Hello traders, here we have another bat pattern on the 4h timeframe with GBP/NZD. Excellent opportunity with almost 1:4 risk to reward. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'll be expecting price to stall out once it reaches the the D point, keep this setup on...
Today, we are looking at the USD/ZAR on the 1h chart. Price is making its way down to D point quite nicely! 12.95 level is a huge support and resistance zone. We can definitely look for price to reverse at this point. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886
I hope everyone had a great weekend! Today, we are looking at the USD/JPY. A HUGE potential bullish 5-0 pattern on the 4h chart. In the weeks to come, we can look for price to reverse at the 116.00 level (C point) and 114.00 level (D point). The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Hello traders, it appears CHF/JPY is now forming a bearish cypher pattern on the 4h chart. This is an excellent opportunity with a potential 200+ pip return! The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch...
There are some amazing setups forming on the charts, here we have NZD/CHF on the 4h chart with a potential bullish shark pattern (two potential reversal points). Excellent opportunity with over 1:3 risk to reward! The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 I'll be looking for extra...
Hello traders, just an update on XAG/USD with a bearish shark pattern on the 4h chart. Price has now reached the bottom trendline of the ascending channel, I'm expecting price to breakout and hit the 0.382 retracement level at 17.40000. If we see this move occur, it will more than likely be followed by a pullback to the trendline providing us with an excellent...
Interesting setup on the weekly chart for XAU/USD with a long-term short, as you can see price is trading inside what appears to be a falling wedge or descending channel... And it has just bounced off the 200 EMA at $1258. I'm currently short on this pair around $1248 after price formed a valid bearish 5-0 pattern (chart shown below). Please feel free to leave...
I'm back with another 5-0 pattern but this time on the 1h timeframe with USD/JPY. Price is currently completing the C point in between the 1.618 and 2.24 extension but it could push up further before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Feel free to connect with...
Following up from my prediction over 2 months ago (chart shown below), I'm almost ready to sell XAU/USD. Since predicting the bearish 5-0 price has reached $1248, therefor completing the pattern. I am now looking at additional analysis to confirm my position. If we take a look at the main chart, price has been trading within a rising wedge since December...
Hello traders, here we have another bat pattern on the 1h timeframe with GBP/USD. Excellent opportunity with almost 1:4 risk to reward. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'll be expecting price to stall out once it reaches the the D point, keep this setup on...
There are some amazing setups forming on the charts, here we have EUR/CAD on the 1h chart with a potential bearish bat pattern. Excellent opportunity with almost 1:3 risk to reward! The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 In fact price has almost formed a "perfect"...
We're looking at another CAD pair but this time on the 4h chart with a complete bearish cypher pattern, this is an excellent shorting opportunity with over 1:2 risk to reward... Don't miss out on this one! The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 This idea was previously posted over a month ago,...
Hello traders, it appears USD/CAD has now completed a bearish bat pattern on the 1h chart. This is an excellent opportunity with a potential 200+ pip return! The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 (Price closed above the 0.50 retracement but I still love the look of this setup) C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to...
Hello traders, here is a short term opportunity on the 1h chart with USD/CHF. It is now completing a bullish gartley pattern, this is an excellent opportunity with over 1:2 risk to reward! The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786 If you want more trading inspiration be...
Hello traders, it appears AUD/NZD is now completing a bearish shark pattern on the 4h chart. This is an excellent opportunity with a potential 200+ pip return! The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 I'm seeing signs of divergence, confirming the reversal at 1.07200. To further...
Hello traders, here we have another bat pattern but this time on the 1h timeframe with EUR/GBP. Excellent opportunity with over 1:3 risk to reward. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'll be expecting price to stall out once it reaches the the D point, keep this...