Lets keep eyes on this today maybe will have the "handle part" as well for this nice pattern.
If price gently turns back and make us an other U formation and break above the neckline than go long. For target measure the distance between the neckline and the bottom of the handle.
Stop loss goes just below the handle.
Flag pattern formed on eurusd. Pattern will be invalid if flag overshoots the 0.382 extension of the impulse leg. Wait for breakout. Watch if candle closes under the support level and short. For a safer trade wait for the pull back after the breakout and sell. Stop loss goes above the last swing high.
Potential Pennant formed on eurusd. Wait for breakout. Watch if candle closes under the support level and short.
For a safer trade wait for the pull back after the breakout and sell.
Stop loss goes above the last swing high
For Take Profit measure the height of the triangle
Bearish Shark Pattern forming on usdcad. i will sell at D pont and watch if price reaches the 0.500 level of AD swing. Take the profit and prepare for a possible 5-0 pattern. If price turned from 0.500 i will go long and keep until point D. Stop loss for shark is at fibo 1.130 XA
Bearish Butterfly pattern on eurjpy.
Short at around 117.300 (point "D"). Great Risk/Rewards
SL = 118.000 (above 1.414 of XA)
TP1 = 115.600 (fibo 0.382 of AD) with 2.30 Risk/Reward
TP2 = 114.500 (fibo 0.618 of AD) with 3.90 Risk/Reward
Bearish Gartley pattern forming on usdjpy. Nice short opportunity at around 110.00 (point "D").
D point based on 1.272 extension of AB swing because it has much better Risk/Rivard ratio than the original 0.786 XA
SL = 112.300
TP1 = 105.900 (fibo 0.382 of AD) with 1.7 Risk/Reward
TP2 = 103.200 (fibo 0.618 of AD) ...
Price action touched a structure resistance level and on the same time bounced back from Murrey Resistance line
Great Risk/Reward ratios if the targets are the main fibo leveles.
Stop goes above the structure resistance and Murrey level.
Price action making its way up to the Bearish Gartley Pattern's final "D" ponit. Once the price reaches this target selling seems like a good idea. Take profits are the 0.382 and the 0.618 fibo levels. Stop Loss is above the previous structure resistance at around 104.500. Both have nice Risk/Reward Ratios.
A possible Bearish Bat Pattern forming based on 0.50 retracement of XA leg.
Confirmed by sturcture support (green line)
B = 0.382 or 0.500 retracement of move XA
C = 0.382 or 886 retracement of move AB
D = If the retracement of move B C is 0.382 of move AB then CD should be 1.618 extension of move B ...
Price is in uptrend supported by structure lows. If the price find the third support and bounce back the next resistance will be at the 0.236 fibo which is exactly on the same level as the Murrey Reserval. They together can build a very strong resistance. If the price will reach this area (1.3300) there will be a ...