kingzark

kingzark

Daily down trend still in tact, wait for pull back to previous structure (yellow box) and look to short to 1.123 area. If price reaches this area look for counter trend bounce. Bat pattern on 4hr could prove as a good entry reason along with additional confirmation according to your plan. Now if price ignores buy zone and reaches higher, potential inverse head and...

kingzark

Here we have 3 patterns all completing relatively close together. I will be looking to take this short as soon as my entry rules are met. The patterns finish at a decent level of resistance if you look back on higher time frames. We also almost have an overbought signal on the daily rsi as well as bearish divergence on the smaller time frames. Trade safe everybody,

kingzark Updated 

On the 4hr chart there is a bearish bat pattern I am looking to go short in at D leg completion. If you look back a bit you can see price has bounced off this zone several times which indicates price action may follow. Look for other signals such as an oversold RSI to get you a better entry. Stops above X leg, personally I use an ATR based stop but you can do a...

kingzark

Here we have 3 patterns all finishing relatively close together. There are patterns on the hourly which you can take for a more short term basis targets at 382 and 618. The patterns complete at a decent level of resistance if you look back on a higher time frame. I will be looking to take this short soon if my entry rules are met. We also have almost an oversold...