There is a possible bat pattern forming on the Nikkei 225. I entered a short position at the break of the red line with first targets at 16000 and 15000. If the Yen movement correlates this would be possible.
There is a possible deep crab pattern forming on the USD/JPY. If price can get up to the 125 area then there I would look for a move back to the 120 area. This would be a small retracement on the overall bullish trend.
There is a possible bullish gartley pattern forming on Gold. If price can get down to the 78.6% fib. retracement level at approximately 1150 then I will be looking for a potential long entry, if the price action gives a good bullish signal.
If price can move lower on the NZD/USD then there could be a bullish butterfly forming on the 4 hour chart. If the pattern can complete then it would coincide with the bottom of the trend channel that is noticeable on the larger time frame.
There is a possible bearish bat forming on the GBP/CAD. If it can complete it would be forming at a resistance zone. The AB=CD pattern would be even if the CD leg could finish at the 2.0 fib. extension.
There is a potential bearish crab pattern forming on the AUD/CAD. If it is able to form it would coincide with a trend channel. The pair has been in a bearish trend. So if the pattern completes then I will be looking for the price action to signal a short entry.
On the CAD/JPY there is an alternate bat pattern that is close to forming on the 1 hour time frame. Price has been heading lower, if it does not reverse at the 1.13 fib. extension level then I would be looking for a move down to the 100.00 price level, which would be completing another much larger bat pattern on the larger time frames.
The GBP/JPY appears to be forming a bullish bat pattern. If it is able to complete then it would coincide with a trend line connecting the last few lows. If the 0.886 fibonacci retracement level is violated then I will be looking to the 1.13 extension for a long entry.
If the bat pattern is able to complete, it would be forming on a trend line that connects the last few lows. The BC extension is 2.0 and there appears to be RSI divergence developing. If the price action can show bullishness around the 1.985 price area then I will look to enter long.
It appears as though an AB=CD pattern has formed on the USD/CHF. If however price does continue higher then I will expect a decent move upwards, if the AB=CD is violated. This is a counter trend possibility, so I will wait for candlestick confirmation before I consider any short entry.
There is currently a bat pattern that has formed on the AUD/JPY. If price continues lower then I will be looking to the 1.13 fib. extension for the completion of an alternate bat pattern. I feel the 1.13 extension area has more probability.