On the AUDCHF there is a potential short opportunity on the bearish Cypher pattern. Per my rules, D has already formed. Bearish divergence also formed on the stochastic RSI. Hp[ in and enjoy the ride down
NZDUSD is consolidating after a dive downwards. The pause has formed a descending triangle. Although this has a higher tendency of diving lower, experience has shown that descending triangles can reverse. However stochastic and divergence seem to be in support of the lower dive.
Hello guys, im here with another bearish bat pattern, this time on the EUR/USD. This is the dilemma that most traders face when choosing the correct X, a classic example is with the image, which extreme point is the correct X???. Traders, lets share ideas. This pattern completes in a few hours so lets get the D right.