Following a down trend, we have recently been in a ranging market. Considering that I am currently bearish on dollar. I am taking a potential bat pattern on USDJPY. This completes at 113.73 TP1: 112.56 TP3: 111.84
Potential Bat pattern forming at 1.3350 This pair has been in down trend and my bias remains bearish on this pair considering the reduction in expected rate hikes this year. Targets: TP1: 1.3191 TP2: 1.3086 This week we have some important data being released for the USD e.g. CB consumer confidence and a speech from Yellen on Tuesday. Followed by Non farm...
USDCAD is currently on a down trend. Lets see if we can grab some pips on this move. We have a bat pattern forming. Waiting for price entry at : 1.310 Target 1: 1.3317 Target 2: 1.3260 Stop loss:1.3479
Shorting opportunity USDCHF RSI overbought Gartley pattern Target 1: 0.99315 Target 2:0.99012 Previous Support & Resistance
Okay so bait late with the post, but you can still get in if the risk to reward is favourable / if we resets the 1.0928 level. TP1 at 1.1129 TP2 at 1.1152 SP at 1.1066
USDJPY The market is currently ranging. This often provides great opportunities for harmonic pattern traders. Bat Pattern completing at 112.43 Taking a Long position Minor Support RSI oversold Hidden Divergence (Bullish) Target 1: 113.25 Target 2: 113.73 Stoploss 111.78
Potential Shorting opportunity for Gold. Reasoning explained on the chart.
I am expecting bullish price action from point D. Based on alignments of Fibonacci retracement levels which support the Gartley pattern. Two potential areas to take profit (0.6606 and 0.6717) <- based on mt4
Just posting a shorting opportunity, on GBP/CHF.
If price action falls into 1.49705 we could see price move upwards. We are going for two targets
Potential Bearish Gartley set up. 1. Price needs to move into the PRZ in order for this move to be valid. 2. Confluence of 0.786 retracement of XA and 1.272 extension of AB. 3. Confluence of a down trend 4. Further confluence since the PRZ lines up with previous support/resistance. I am paying close attention to the PRZ and looking for supporting price action.