MihaiBot

MihaiBot

A retracement of 23% would have a potential target 1.272%. A move below 1.0732 would be a failed fibonacci pattern.

MihaiBot

Continuation of the trend. It rejected hard the 50% Fibonacci Suport. Potential Target is 1237(161.8% Extension).

MihaiBot

Multiple 2.618% Patterns Double Top Pattern A break under 112.4 with a candle close will have a potential target of 109.5

MihaiBot

Potential AB=CD Pattern forming with a bearish retracement setup.

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Cup and handle. Bullish par setup. Potential Target of 0.8 Strong Support - 0.75

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Long live the king ! Bullish Zone Strong Support Ascending lowerline test ! All great !

MihaiBot

- Descending upperline Great Risk Reward ratio.

MihaiBot

Retracement Complete, next leg would be complete at 0.749

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Target 109.50, 1.618 Extension of the last AB. I believe this is the 5-th leg of the wavecount + a potential AB=CD pattern forming.

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Waiting for the blue line to be breaked and then re-tested, I'll enter when it re-tests for a potential target of 70pips.

MihaiBot

The price breaked the sideways channel. I see a big impulse 0-1 leg retesting the old resistance from 82.000 with a extension of 61.8% of 0-1 leg. The price may retest 83.50 following making a new high. In order to see a bullish 2-3 leg, the price will have to break the upper red descending line.

MihaiBot

Bullish Gartley Pattern Rules, If any rule is violated, the pattern is invalid. The same rules can be used for a bearish gartley pattern.

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Bearish Gartley Pattern Rules, If any rule is violated, the pattern is invalid. The same rules can be used for a bullish gartley pattern.

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The first 2 criterias of the Cypher Pattern were correct, we are waiting for the price to rally to D and there will be a valid Cypher Pattern. The price will most likely going to retreat to the .38% of CD leg (0.7370).

MihaiBot Updated 

- a bearish trend channel - a strong support and psychology support at the value of 1.000. - descending triangle showing up. In case the descending triangle is broken, there is another descending triangle with a support of 1.000. - main trend is bearish A potential target is 1.000, followed by a strong support at 0.990.

MihaiBot Updated 

At a short time(1h), I see a potential bullish flag and a potential Bearish H&S Pattern. Scenario 1: If the upperline is braked & the 50% fibbonaci support, a potential bullish usdjpy to 118.00 Scenario 2: If the lowerline is braked, most likely a bearish usdjpy with a target 1 of 113.50 and a target 2 of 112.00

MihaiBot

Bullish Scenario If USD is weak after the trump inauguration and speech, We might see a target of 1.0800. If it's closes over 1.0800 we might see a change of trend, a bullish eurusd. Bearish Scenario If USD is strong and it brakes the potential "bulish" trendline, we might see a pottential target of 1.01-1.03 target. I also found a potential descending...

MihaiBot Updated 

Strong Support + fibbonaci level 50% The price is inside the bearish channel, I believe this was the 3-4 Wave leg within an ABC correction.