A bullish bat pattern has completed on this pair. We have oversold conditions inline with 0.886 retracement of leg AD as well as stochastic divergence. There is a nice hammer candle stick indicating reversal in trend and on the 60 minute chart we have a bullish engulfing.
Price has broken trend line acting as resistance. It's pierced through, came back to retest and bounced back to the upside. On the 1 hour chart and 15 minute charts we have hammers formed on the trend line followed by 3 bullish soldiers with stochastic crossovers.
Price has broken triangle pattern with converging highs and lows. We have a break above and close above on the 4 hour chart as well as the 1 hour chart. We have bullish engulfings on the 15 minute chart just above the trend line acting as resistance. There is also Stochastic divergence indicating reversal in price action.
We have the completion of a bullish bat pattern to the upside. Targets 1 and 2 and 0.382 and 0.618 respectively.
We have the completion of a bearish bat pattern at the 0.886 retracement of XA. Stochastic is in oversold conidtions indicating a reversal. Targets set at retracement levels of 0.382 and 0.618.
Bat completion at 0.886, should head down towards 0.386 for target.
A gartley pattern has just completed at the CD completion of 1.272 and should head down.
Simple price action trade. The pair seems to be in consolidation in a rectangle. Lower trend line acting as support has been hit and not broken forming a hammer. This indicates a reversal to the upside and buying pressure. On the 4 hour, after the close of the current 6pm candle we should have a bullish engulfing. On the 1 hour chart we have a morning star...
We have a bullish gartley pattern completion on the EUR/NZD. Target at 0.382 retracement.
First time testing advanced patterns. Slightly late on the set up but wanted to see if it will reach the 0.382 level and perhaps beyond for target 2 profits at 0.618.
Entry has been triggered at 0.886 fib level for completion of CD leg.
Was waiting for the completion of a bat at 0.886 level. There is however great confluence at the 1.272 level and the 0.786 level of CD completion. Targets set at 0.382 retracement of AD.
Long opportunity on this pair as it's broken out of an ascending triangle. This is a bullish continuation pattern. We have Stochastic divergence with higher highs contradicting lower highs on price action. The most recent 4 hour candle has closed up trend line and should retest before heading upwards toward structure level.
On the daily chart, the pair has completed an Elliott Impulse wave. It's now in a corrective structure with point B completed at a good level of support. Price also formed a doji on the support line and a bullish engulfing. Price since then seems to have moved towards the upside and stochastic was on oversold conditions. On the 15 minute we have tweezer bottoms...
Testing advanced patterns. Seems bearish, not much confluence at CD completion so sell order at the 0.764 level. Slightly late on the set up.
We are in an uptrend on the 4 hour chart with higher highs and higher lows. There is confluence with a key resistance line turned support and the 0.618 fib level so it looks like a pullback has occurred. We have bullish candles with the most previous candle having a long lower wick indicating buying pressure. The Stochastic is heading upwards. On the 1 hour...
We have the completion of a bat pattern within a converging triangle pattern. There are doji formed right on the support line and a long lower wick touching the 0.886 fib level showing buying pressure. We also have stochastic in oversold conditions looking like it's about to head upwards. Target set at 0.382 fib level.