An interesting development over at EURUSD, with a Triangle breakout to the south side imminent (pending daily close, of course), PLUS, a possible Bat pattern forming which is attempting to breakdown the B-point support. Aggressive entry - enter short market, stops above today's high, target price at .886 retracement of XA leg. Excellent R2R.
With the price blowing through the H4 Bat pattern PRZ, the pair is now setting up for a bigger breakout of the continuation H&S pattern in the D1 chart. A close above the Dec 2015 high will confirm the pattern and sets up a massive long opportunity. A long call just a day after a short call?? Well, flexibility is a required trait for successful trading.
An excellent opportunity offered by Cable. Sterling continues to be trading within a Daily trangle since the Brexit move. Previous Gartley ended profitably for this pair, hopefully this is another nice one :) PRZ is a nice area, with trendline support. TBar printed. H1 RSI oversold and retraced. Price reaction confirmed. Good R2R. Enter long market Monday morning.