A Bat pattern is coming to a finish on CADJPY 1h. First target @ .382 retracement of AD leg. However, previous structure lows could provide better entry a bit below the .886 XA retracement @ 82.356 to 82.206. Price action around those levels will signal a better entry perhaps. RSI is heading into oversold territory supporting a LONG entry.
Looking at the Monthly charts and where this Pair may go I have mapped a possible cypher pattern, We have had the X to A and A to B legs form. Point C would be in line with previous area of ressiatance and Point D also falls in place with previous support
Bullish Butterfly pattern finishing on 1H EURJPY. 1.27 extension on previous structure favors long entry with RSI on oversold. Previous structure support provides good target for TP1. Price action loosing steam approaching 1.27 AB Ext providing a nice PRZ.
After some consolidation the range broke to the upside on EURUSD 4H, it provides good opportunity to wait for the retest of support. Price broke through previous structure targeting next previous resistance.
With GOLD putting in a HHHC I would now look for a continuation to the upside. IF price is going to continue higher THEN then next stopping point I would predict is our previous level of structure looking left. As always there are 2 ways that price can reach that level. 1) It goes straight there or 2) we see some profit taking, causing a pullback into the...
An Alt Bat pattern JUST FINISHED ON 4H GBPCAD turning on previous structure lows. First target @ .382 retracement of A-D leg with secondary targets @ .618 retracement.The entry past .886 gives a better R/R Ratio. RSI is on oversold favoring a LONG entry.
A Bearish Cypher pattern just finished on 1H EURJPY looking to retest .786 entry spot on previous structure. RSI hovering near overbought, favoring a SHORT entry. First target @.382 retracement of CD leg (previous structure resistance), secondary TP target @ .618.
I have a Long view on this pair up to the D point of the possible cypher. Looking at how we may get there, as you can see the previous candle came all the way down to previous support and rejected this are and moved up. This current candle is in or around another are of previous support. If we see the candle close above the trend line I feel we will see a move...
I have been watching the 4hr and Daily Time frames and felt that we had reached the bottom, the pair has pushed a bit further lower as we can see with the wick on this weeks candle If the cande doesn't close outside of this box I feel we could see a reversal in the coming weeks
If the Daily candle doesnt close lower I feel we will see a rise from these levels. Previous area of Support and has risen from here before
A nice Butterfly pattern is trying to get to the finish on 1H EURAUD. Price action is currently testing a support @ 1.53607. If the level gives there are 3 nice levels with previous structure lows to determine an ample Possible Reversal Zone. The possible XA extensions @ 1,27, 1.414 and 1.618 range from 1.52970 to 1.52125. What is interesting is that the support...
Bearish Cypher pattern finishing on 1H NZDUSD. Entry near the .6800 handle, so look out for stop hunters. Entry on .886 recommended for better TP ratios. First target for profit @ .382 of CD. RSI on overbought favoring short entry with slight divergence. Overall trend down, secondary target @ .618 retracement of CD leg. SL placed with some slack above X due to...
A nice Bat finishing on 1H GBPUSD, this trade is a continuation off a previous Cypher and an AB=CD pattern. TP are placed @.382 AD retracement, secondary @ .618. SL placed below X, taking into consideration previous structure lows, look left....This could retest previous support @ 1.4638. RSI oversold favoring a LONG entry. We´ve done well with this pair hitting...
A Gartley pattern is coming to finish on 1H EURNZD. Trade is active on the CD leg of the move. Previous structure low suggests entry @+- the .886 retracement. RR ratio is acceptable to the .382 TP target which could help a further Trend Continuation Trade to the CD finish of another bigger pattern developing. RSI entering oversold limits which favor a long entry.
An AB=CD pattern forming CD leg coming off a D finish on a Cypher pattern on the 4h GBPUSD. Trend continuation trade having taken profit on the AB leg continuing the downward momentum. Confluence @.786 retracement and RSI on overbought favoring a short entry.
A Gartley pattern is finishing on th 1H chart of AUDUSD. First targets @ .382 retrecement of CD leg, secondary target @ .618. SL just above X. Previous patterns have completed in this pair as indicated by the shapes in green.
Double Top forming on the Daily, This ties in with my view that their is a possible Cypher formation happening
I have my eyes on a potential 3 drives pattern on EURUSD 15 M, that is aligned with 0.786% Fibo of the last bearish move. If we add 1.618 Fibo Extension of the 2nd wave, look left you will see a small structure zone. If we combine all then we will get a nice kill zone. In this kill zone I'll be looking for a short entry - the more conservative you can wait for...