After several days of crazy movement, the gas is now forming a consolidation in a relatively high place, either could be a reversal or a continuation pattern. 1, personally, i prefer this is a trend continuation , what it does right now is a flag . 2. could be a reversal, cuz the RSI is dropping and gives us a overbought signal. however, remember, we never...
i would like to short this bat at this level, with a stop loss above 2111.
I assume there is big chance the JPN is going to make the right shoulder now after such a long time consolidation, how about this "1-2" risk reward ratio trade? LOL....
It may be a good trading opportunity here, if we sell the index around current level. the triangle is about to end, with the left "shoulder" structure, i would prefer to take a short here. what do you think???
IF we see the RSI, we can clearly find there is a double top with a weaker RSI value, means it loses the momentous to climb again. right now should be a perfect entrance for short. first target should be the previous low.
pressed by the previous structure and trend line bat pattern inside, i think it will be a consolidation in this triangle.
I actually entered in last week, however, the price still hovered at the top of the 1.55-1.56 level, based on the decline of the RSI, and price action, i would short the pair instead of long, besides, several trend lines have been broken, and it is also in a quite significant zone, with a nice risk reward ratio, so, what am i waiting for? I ll trade this thousand...
in a PRZ, and the price action shows the price gets weaker and weaker.
THE BAT PATTERN ALREADY FORMED, THE US DOLLAR WILL GET STRONGER AGAIN.
i think the oil has already formed a periodic top now. 1, the gartely pattern starts from October last year. 2, 1,27 AB projection, 3, 1.618 BC projection all three structured a PRZ, and the price now has already confirmed there is a resistance on 46.10 level.
THE PRICE FALL BELOW THE 5226 LEVEL AGAIN, AND IN THE 4H CHART, ALSO FINISHED THE TEST OF THAT LEVEL, SO WE CAN SHORT IT NOW, AND SET THE FIRST TARGET TILL 5136, AND SECOND IS 4887 LEVEL.
WE CAN DO A QUICK TRADE BY THE HELP OF THE CYPHER PATTERN AND THE LEFT STRUCTURE, THE RISING OF THE YEN IS TOO STRONG AND REALLY NEED TO TAKE A BREATH. WITH A NICE RISK REWARD RETIO. LET S SEE HOW IT WORKS.
it is a false break out may lead to a reversed direction. T1 .15.70 T2. 14.70 SL. 16.30
AB=CD FINISHED 61.8 PULL BACK WITH A 1.13 FAKE IMPULSE. STOP LOSS BELOW THE 1.4000
the daily chart had shown a strong bearish trend had set up. with nice risk reward.