luck21

luck21

We can see an inverted hammer showing Reversal potentian with a bat pattern / at a resistance point

luck21

Looking to short at 0.944

luck21

we could observe a bat pattern forming and its completion ends in the previous structure support. I expect a rejection of that area in order to go long with a high R:R (continue with trend).

luck21

If price reach the 1.385 we would see the completion of the bearish cypher pattern. We must note that there is also a good lvl of resistance at that point ( confluence with the ratios and cypher pattern) . Once that price is reached, we must find hints of reversal e.g double top hammer,doji and also take a look of the RSI at that moment. SL :1.386 TP 1.374

luck21

Seems to be a good oportunity for low risk trade higher reward. We need to watch Price action carefull, also good round number 95.5 to short. On lower timeframe there is divergence on RSI

luck21

We can see a classical abcd pattern very simmetrycal. in which D is in confluence with previous structure Resistance

luck21

Looking for price action reversal patterns

luck21

Short 0.929 around that area, confluence with ratios and a strong resistance zone