jsandeman

jsandeman

Potential reversal at major post-brexit support, offering very good risk reward ratio. Oscillators showing oversold, and candlestick patterns forming. I have placed stop losses below the lowest structure level, and take profit levels below major resistance levels

jsandeman

Bearish Cypher and Gartley formation on EURUSD 1h chart, completing close to one another. I will trade the two patterns separately, as as shown, should the patterns complete.

jsandeman

Looking likely that we will see the valid formation of one of these advanced patterns on the GBPUSD 4h chart. Worth keeping an eye on.

jsandeman

Breakout from post Brexit triangle consolidation. AB=CD pattern completing near major post Brexit resistance, after breakout from triangle. I will be selling before the crossover of previous resistance levels, placing stops above the highest resistance level, and taking profits at two support levels below (see chart)

jsandeman

Previous support levels, combined with .618 retracement off previous swing high to swing low, and resistance from 100 and 200 SMA. Therefore likely reversal point.