Large Cypher Pattern forming on the NZD/USD, will still take a little longer until the NZD looses steam Place stop at point X (.74028) and enter at a later time period below point D (when it is formed) Leg C-D can not pass fib retracement of .786, thus the pattern would be invalid First Profit level is at .5 of leg X-C Second Profit Level is at .236 of leg X-C
Bat Pattern forming, wait for it to retest leg X-D before you short it
A nice Wolfe Wave has formed on AUD/JPY Sell once the target leg is hit/X-C leg
Bearish Rectangle forming right after a Rising Wedge The Rising Wedge was about 200 pips, meaning a potential fall of 200 pips could occur The Bearish Rectangle was conformation for the fall, since the Rectangle was about 30 pips, a small breakout of 30 pips will most likely occur
A breakout is soon too occur on EUR/CHF, there is no clear trend, so it could either be a bull or bear move The original movement was 80 pips, so it is projected to move about 80 pips in either direction Place entry orders below and above the end of the triangle
Potential Wolfe Pattern, wait until it retests point B (115.087) The target leg is X-C and the limit should be slightly under that leg If it passed below point D (114.382) the trade should not be entered and or canceled
Strong support and resistance lines, fib for both patterns show a reversal at .618 Wait until .7089 is hit Since markets close shortly, it would be recommended to hold on for the first large push down if the target point is hit Could become a Bullish Three-Drive...
Potental Bullish three-drive pattern, wait for the .7089 mark to be hit.