Bullish trend at EURGBP 60 min. Potential Bullish Cypher pattern to go with the trend. Entry at D completion point. Target 3 can be realize by using trailing stop. The price will test the strong support zone. This zone contains Fib confluence and harmonic moves aswell.
This setup has survived the Australian employment news.
After broke above and closed above the flag (channel), we are looking for a long BULLISH ride with around 100 pips. The price will go to the zone with Fib confluence, strong support structure level, and harmonic moves. After the price hits this zone, a retracement will follow, another potential trade (short).
At AUDCAD 60 min, there is another Trend Continue Trade. LONG
- there is a flag (channel), the price wait to break through
- if the price break above, there will be a rally to the next zone (strong resistance level)
- The price will have a retracement at this zone, another chance for a potencial SHORT trade
Beware of the economic news!!!!
- On the daily chart we can see a strong Bullish movement with a 38.2 % retracement. After this retracement there is a potential Bullish trend continuation.
- On this 60 min trading chart, price broke above and closed above the neckline of the head and shoulder pattern.
-Tthis neckline was also a strong resistance level.
- Looking for signals for an entry (long ...
Here is a Long opportunity. Trend continuation after broke above and closed above the range. Entry will be after retracement back to the range. At the daily chart is a harmonic pattern, which the target will be aime to this retracement killzone.
Yesterday I have mentioned this trade in my comment in EURUSD 4H. Bearish trend continuation with BAT pattern completion, RSI oversold, hidden divergent and 2 days ago broke below the support level (retracement to that previous support level). Target 1 will be at fib 0,382. Target 2 with trailing stop, potential extended target especially when the price level will ...
Potential Bat pattern. The price has broken below the support level of the channel at 1.08120. Also there is an AB=CD pattern completion, expecting a retracement to the previous support level first. For those who trade AB=CD pattern, here is an opportunity to go long as well. Or wait for the Bat pattern
Will this be a potential Cypher (3rd) in a row in a 15M chart of EURGBP? The first and the second Cypher have given me a few nice pips, both Target 1 and 2 were hit. However we are near the closing time of the forex market, so be careful with the thrid Cypher. Have a nice weekend.
Potential bearish Cypher, USDJPY 4 hour chart.The price might reach higher than the D completion point. I set my limit sell order to 122.824, to be sure the order will be fill (rules of engagement, stick to the plan)
Earlier there's a bearish Cypher pattern, target 1 is hit, still wait for target 2. Meanwhile a small bearish Gartley is competed, a short opportunity. If the price pull lower, there will be a bullish BAT aswell.