Boenker

butterfly pattern

Monthly - overall looks up if you follow your trendlines, but its in a ascending channel and price seem to get stuck on the bottom line of this. THis is on major support/resistance area Weekly- ascending channel price have broken , but this could be a fake out and price start to rise back up. Daily- Downtrend where price will test for the 3th time the ...

So there formed a sHs pattern in the daily/weekly if i zoom in there is anoher sHs start to form

roundeb bottom in the weekly

Monthly time fram bullish canle and break out of the handle

bigger picture

breakout of the wedge and forms now a flag pattern waiting for the breakout expecting up

if whe see monthly where on a major support , go to the weekly and where in a range where price is on the bottom + bullish price action formation go to the 4 h and whe have a ascending channel on this support area, go to the 1 h and whe see break out of price and start to form a ascending triangle where i would wait for the breakout and go long

where bigger picture in a uptrend previous monthly candle sticks bullish one is a hugh engulfing candle. the other tells us buyers are in control. that monthly candle broke are resistance zone and turn into a support area in the smaller time frame there is falling wedge and is close to a strong support zone that indicate for buy set ups in this falling wedge ...

Im watching gbpusd close and found possible sHs pattern in a channel , i will place a pending order before the righ shoulder would be formed. For my entry lvl i use the left shoulder manny times there is a good resistance/support zone what price wanna test one more time before they go your way.

First of all i spotted this harmonic pattern , this will be completed in the 161.80 % fibo (red) this is the 1.24400 lvl. This 1.24400 is on a strong support lvl of the higher time frames. If i measure from low to my high fibo(green) this price fall in a 50% retracement. My last fibo tool is my gann this i measure from the high to the low, my 4/1 is my support ...

for me a strong set up in the audusd good for pending order. first i start with the fibo retracement in red , and my extreme target will be the 88.6 % the next conformation is my green fibo where my extreme level is the 161.8 % what also my harmonic pattern complete. if you draw horizontal line between the 88.6 % and the 161.8% you see this support line worked ...

correction with the abc

here forms a head shoulder pattern

Here whe see price did reacht the major resistance line, in the past whe see that the reaction will not bounce from the first time. So i expect there will be a double top or a range before it go south. WATCH out for bullish signals or breakout of this level this allready the 5th attemp of the bulls ! Whe now that the resistance is getting weaker.

in the weekly whe had nice inverted hammer candle on a major resistance line. in 4 h whe allready made lower highs and lower lows. price is on a support trendline but whe need to see what reaction it will give. i draw a 'possible' scenario on the charts

audcad is in bigger picture in consolidation, and give use in price action inverted hammer + normal hammer but im expecting end of this week will be engulfing. Good for shorts in smaller timeframe !

In the past whe had allready 3 waves that respect our major trendline. So where will waiting of the bounce of the blue area , this does not mean price will go down keep a eye on bullish signals