Hey guys, glad to be back analyzing the charts. I see a potential bullish bat pattern completing maybe next week. Waiting for RSI to reach oversold level. May use H4 chart for reference and entry. R:R at 1.65. Good luck.
How to trade the ABCD pattern This is an example of a bullish ABCD pattern. Ideally, Point C should be Fibonacci retracement between 61.8% to 78.6% of the A-B leg. Point D should be a Fibonacci extension between 127% to 161.8% of the B-C leg. Stop loss should be below D or previous low. Take profit can be at the 38.2% and 61.8% Fibonacci retracement of the C-D leg.
Similar to my previous post on GBPJPY, a potential bearish bat pattern is also completing for GBPUSD on H4 chart as well. Wait for RSI to reach overbought level. R:R at 1.4 (TP1) and 2.3 (TP2). Good luck.
Short-term trade, a potential bearish bat pattern is forming. Waiting for RSI to reach overbought level. R:R at 1.3 (TP1) and 2.3 (TP2). Good luck.
A potential bullish shark pattern seems to be forming, waiting for RSI to hit oversold level as well. We have the Federal Funds Rate this week, do trade with caution. R:R at 1.8 (TP1) and 3.5 (TP2). Good luck.
A bullish bat pattern (grey colour) has completed and starting to react, this post is slightly late but still ok to enter now. Traders can choose to long now or wait for the price to return to PRZ. There are 2 bat patterns, but the grey one looks better as all criteria have been met. R:R at 1.5 (TP1) and 2.6 (TP2). Good luck.
A bullish shark pattern has completed on H4 Chart. RSI hit oversold, price has retraced back to PRZ. Slow moving pair, suggest to long to TP1 first. R:R at 1.5 (TP1) and 2.9 (TP2). Good luck.
A potential bearish crab pattern is completing soon, RSI has just touched the overbought level. We have PRZ at a good daily resistance area. R:R at 2.3. Good luck.
Short-term trade, a bearish bat pattern has completed on 30-minute timeframe. Can choose to short now or wait for price to return to PRZ before deciding. R:R at 1.2 (TP1) and 2 (TP2). Good luck.
A potential bearish bat pattern might complete after tonight's NFP results. RSI about to reach overbought level. R:R at 1.5 (TP1) and 2.6 (TP2). Good luck.
A potential bearish butterfly pattern is completing soon, RSI is reaching overbought level as well. Good R:R at 3.1 (TP1), not optimistic about TP2, so not adding TP2. Good luck and have a good week ahead.
Hey guys, tonight is NFP. A potential bullish bat pattern is spotted, PRZ at a good support level. Good to short to PRZ if Manufacturing Production news is worse than the previous result. R:R at 1.2 (TP1) and 2.1 (TP2). Good luck.
A potential bat pattern is completing, RSI on its way to overbought level. PRZ is at a good resistance level. R:R at 1.5 (TP1) and 2.6 (TP2). Good luck.
Another short-term trade, a potential bearish Gartley pattern is completing soon. PRZ acts as a mini resistance zone. R:R at 1.3 (TP1) and 2.2(TP2). Good luck.
Short-term trade, a bearish butterfly pattern is on its way to completion. NFP is happening tomorrow night, do take note. R:R at 1.6 (TP1) and 2.8 (TP2). Good luck.
A bearish shark pattern is completing soon. Waiting for RSI to hit overbought level. R:R at 1.4 (TP1) and 2.8 (TP2). Good luck.
The bearish bat pattern has completed with all criteria met. RSI did hit overbought level and is coming down, pattern completed with price in PRZ. R:R at 1.69 (TP1) and 2.89 (TP2). Not too enthusiastic about TP2 due to ongoing Brexit issues. Good luck.
Good morning, a bullish bat pattern is forming, waiting for RSI to reach oversold level. R:R at 1.8 (TP1) and 2.9 (TP2). Good luck.