Potential Bearish Bat Pattern on USDJPY, RSI is estimated to be in an Oversold condition by D leg Completion at 100.8
D leg completion at 10.335, USD JPY has been trading sideways all dy so this is very highly probable trade
gbpnzd bullish bat pattern almost complete @ 1.77695
Pattern Completion Falls Right on 4H Trendline , market is in an uptrend and is showing positive momemntum towards the upside
Perfect ratios on this pattern. confirmation of the buy setup is the D leg completing in the structure support level exactly at the .786 fib also RSI is in an over sold condition and showing bullish divergence on lower time frames.
lines up nicely with the brexit Resistance, also the RSI is almost at 80 by the time d leg completion will happen very good sell setup.
Butterfly pattern will complete at 1.319 good confirmation for this short as that zone is daily structure resistance.
Great opportunity for those looking for a safer reentry on USDCAD if you missed the chance to short earlier , for those looking to guarantee thier order gets filled try setting your entries just below the 1.26 level
USDJPY has been showing strong bearish momentum and is moving strongly to the downside. It will breakout of the structure and retest the Brexit lows for one time it also seems to happen at the 1.27 Fibonacci extension. to give us a good target to hit. Some more confirmation of this move is the Bounce off from the 50 EMA which it has failed to break for quite a while.
Great oppurtunity with a 1.5 R:R , maket just hit the weekly structure high and RSI is showing a bearish divergence so there is a high chance pattern will complete and the order will be filled. Stay tuned D Leg Completion @ 0.704 Stops at @ 0.697 Target 1 @ 0.713
Great move to d completion also some confirmation from the RSI
very good setup provided the butterfly pattern reaches completion as this pair has yet to close the gap earlier this week this provides a perfect opportunity (move) for that close; so it can continue the trend.