We are taking a look at the AUDUSD for a potential Bat pattern that completes at 0.7488.
If price can reach this level, this presents an opportunty to go short on this pair.
Target 1: 0.7425
Target 2: 0.7386
Stop Loss: 0.7535
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If price can reach 1.1012 then we will complete a Cypher pattern.
Target 1 would be 1.1066
Target 2 at 1.1100
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We have a potential BAT pattern If price can reach 1.4094. Today CPI Inflation figures came out less than expected at 0.3% which has helped pushed price down close to our level of entry.
This area has confluence of support and trend line support.
There seems to signs of indecision in this area ...
This pair has been following a bearish trend as of recent generally forming a series of lower lows and lower highs. However, we broke these highs completing a Gartley pattern as indicated in blue.
We now want to take advantage of a potential Cypher pattern if price can reach 1.2619 and complete this ...
We have a potential deep Gartley pattern, which completes at 1.4750
We have had some rejection in this area in the past with confluence of an AB=CD harmonic move.
We are looking to go short in this area. with target 1 at: 1.4589 and target 2 at: 1.4494
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On the daily timeframe we have a pennant pattern.
We are expecting price to react at the trend-line resistance and with confluence of a zone of structural resistance in this area.
Going into the 4hr timeframe, we have a Bat pattern which completes at 161.77. This is where we enter ...
We have a completed Cypher pattern.
USDCAD had been in a downtrend, which is evident looking at the daily timeframe.
We have Come into an area of major and minor structure.
We have potential trend line resistance
RSI shows signs of overbought conditions
RSI also shows hidden divergence
We have a potential Gartley pattern forming on this pair completing at 1.606.
Price has currently been moving sideways on the daily time frame.
Looking at the weekly time frame, in the near future I am expecting a break of this sideways movement and a continuation downwards.
We also have a few other ...
Hello traders, this is our first post via this platform.
This week we have been presented with a selling opportunity on GBPUSD.
1. We have a completed Gartley pattern
2. Zone of major resistance- This zone has been held for the past 2 months.
3. RSI divergence-We have put in some bearish divergence, signalling ...