Watch price action and RSI closely, Enter a short position if possible.
XAUUSD BEARISH PATTERN: 1.Breakdown of the upward Trendline 2. PIN BAR 3. Libra Pattern 4. Potential bullish Bat. The 1.618AB=CD is calculated at 1263.06, which converges nicely with the 0.886XA at 1264.3.
GBPUSD POTENTIAL BULLISH BAT. MONITOR CLOSELY PRICE ACTION NEAR THE RED ZONE.
EURUSD POTENTIAL BULLISH CYPHER. The confluence between the 8/21 dynamic EMA resistance layer, the horizontal resistance and the downtrend, gave a lot of “weight” to the break-down of Inside bar signal.
DXY POTENTIAL BEARISH CYPHER&LIBRA PATTERN
Get short at the completion of AB=CD if price action signals.
USDCAD COMPLETED A BULLISH GARTLEY
CXY COMPLETED A BEARISH GARTLEY: 1.13AB=CD converges exactly at the same level with the 1.272AB at 77.4.
EURUSD SHORT PATTERN: 1. Prior resistance and support 2. Libra pattern 3.Fakey pattern 4.Shark pattern on 4-hour chart(see next chart)
DXY IN UPTREND CHANNEL. NOW A FAKEY PATTERN WITH SUBTANTIAL SUPPORT AT 0.5 RETRACEMENT.
The minor red Bat indicated price action will go up a little. As you can see,RSI was also overbought. The major blue Bat tells us Gold will go gown after the former pullback.
USDCAD SHORT PATTERN: 1.USDCAD completed a bearish Bat--the red one. 2.Potential bullish Gartley with very harmonic Fibonacci calculations. The AB=CD was calculated at 1.29475, which converged nicely with the 0.786XA at 1.29451. This tight area was complemented by the 1.272BC projection at 1.29472. PEFECT!!
EURUSD LONG PATTERN: 1.Reciprocal AB=CD 2. Pin Bar 3.0.618 retarcement 4. Prior support
GBPAUD BULLISH HARMONIC PATTERN: 1. 1.272AB=CD 2. 1.618AB AND 2.0BC CONVERED VERY CLOSE TO THE COMPLETION POINT AT D OF 1.272AB=CD. When three projections converge in an area this close together, there is a high probability for a reversal!
GBPUSD LONG PATTERN: 1. 0.618 retracement 2. Prior support 3.Bullish Shark with Point D coincided very close to 2.0AB
After the completion of the nearly exact Reciprocal AB=CD , DXY encountered substantial resistance near the 0.618 retracement of bc leg. Obviously, DXY "hit a wall" near the 0.618 without even challenging it. RSI BAMM also indicated to get short.
USDCHF SHORT PATTERN: SHORT THE 0.618 RETRACEMENT, POINT D IS THE TARGET