this is a beautifull head and shoulders pattern forming. Its could be the completion of a very big double top on the weekly timeframe. check it out. Im not going to draw in all kinds of ideas. Im expecting it to go down bigtime! i tread it as a head and shoukders first and then ride it down.
this is a very nice gartley pattern. the D point completes very close to the 091000 even handle. 127.2 BC and AB=CD ratio confluence. RSI is oversold. on the 15 minute chard there's a triple bottom on the D point level.
there's also a head and shoulders pattern that could be traded down after the gartley move.
head and shoulders going through its development with the help of harmonic patterns. both patterns have ratio confluence. this currency pair seems unable to break through the 104.200 on the daily timeframe which is another indicator that this pair is going north strongly. Give some thoughts fellow traders
nice bat pattern. 161.8 BC ratio confluence. good support looking left. the market has difficulties getting higher then the 104.248 but there is a chance that it will retest this high to make another top its something to watch.
have a nice trade.
the bat pattern has nice ratio confluence and clear support also looking back on the daily time frame.
the cypher pattern isn't that beautifull for that it hasnt got a lot of ratio confluence and seemingly less support when lokking to the nearby left. However on the daily timeframe i can find clear support for the cypher. Im not gonna trade it although im keeping...
Nice cypher pattern. The 78.6 completion point has a 161.8 ratio confluence of the B-C leg+an 200.0 ratio confluence of the A-B leg. The stoploss go's above the all time high wich allows for a great double top aswell.
This pattern has ratioconfluence and some support nearby. This trade is in the direction of the general trend of the 50 MA. RSI is touching the oversold level. On the weekly chart there are good levels of support.
This butterfly pattern has a perfect 78.6 retracement of the x to a leg.
Pattern completion at the 127.2 extention of the xa leg has a perfect 161.8 ratio confluence of the ab=cd.
there's not a lot of direct support but when looking further back there's resistance on the weekly timeframe.