We have a bearish bat completed at 1.062 aligning with previous structural resistance. Any sell opportunity here should be seized given that this resistance level has held twice before coupled with the bearish bat. Sellers can look at 1.054 as the first potential target should bears start selling it down once again
We have a ABCD completion in Cadjpy which aligns with current market high. This could be a potential double top and a catch right at the top with minimal risk and excellent reward, targeting 98.80 minimally.
We have a bullish bat forming with the current trend. Buyers can look to buy off the tight PVZ drawn with stops below point X. Immediate target can be the 135 round digit which would form a potential head and shoulder pattern. Extended targets can be determined once market violates the current structural high
One of trades that I really look for is for some form of harmonic pattern to complement a market structure. In this case, we see that AB=CD completes at 118.7 and 1.27AB completes at 118.6 and this gives us a really nice tight confluence zone. Market structure clearly showed that being a pivotal point so bulls can ...
An Alternative view of this pair is a bullish bat provided price hits 89.30 to complete the BC leg and does not close above 89.4. This would either give us an opportunity to short at that that zone or wait for a long at point D
We have a bearish bat in nzdjpy. Looking to have catch the CD leg by placing a limit order at 89.05 which should be point C if this bat were to play out. Structure appears to be supporting with the 89.05 zone being supported previously. Stop loss to be place below structure around 88.81 level.
Buyers can look to ...
We have a bearish cypher pattern in place. But what makes this cypher particularly interesting is that point C is a completion of an ABCD pattern. You gotta love a setup when multiple patterns are in play, giving you a more solid case for entry.
I'm looking to catch the CD leg with my entry being 0.7410 which is ...
We have an ABCD completion at 89.5 with previous structure. We have nice confluence with 1.27AB and fib 6 at the same region. Sellers can target 88.50 with the view that a larger ABCD pattern plays out