Here we have a completed Bear Crab. Price seems to be making a pullback. Dips can now remain supported against 1.5600 low in 3, 7 or 11 swings for further upside looking for a target of at least 1.6250 area to the upside.
Here i identified one harmonic pattern Bullish Crab which will be completed somewhere 104.10. In my opinion for long term, this pair will go lower towards the handle of 101. If this completion is right, we might have price to do pullback against 110.40 high. Technical Strategy : Buy Limit 104.10 with Stop Loss at 103.70. Target Take Profit 109.25
Price looks like to be making an ABC correction which will complete as Wave 2 before progressing further upside.
After price broke out from the triangle, on the 4hr chart we could see it completed a Bull Crab harmonic pattern. Price might test the triangle apex before making further down move towards the completion of Bull Bat with WXYZ correction i posted earlier on.
Here shown a potential Bearish Shark pattern. Awaiting for 4hr bearish candlestick and divergence to confirm the movement before taking any short position. This is the minimum 88.6% of shark though Shark can run up to 113% fib extension.
Also visible in the chart is one harmonic pattern Bullish Bat on the weekly timeframe.
Looks like what we have here is a Symmetrical Triangle waiting for a breakout.
Here what we can see is a possible chart pattern Head & Shoulder also coupled with a potential Bull Shark harmonic pattern. This H&S will only be valid when/if if breaks and closed lower than recent low 1.7570. Also on hourly time frame, i identfied a Bear Deep Crab harmonic pattern coincide with the right shoulder area. Since it broke the December peak, i...
On 4hr timeframe, i identified a Bull Butterfly which also coincide with the BC extension 127.2 of the Gartley. I will post a screen shot of the Bull butterfly in this post below. If you look at it, it completed 5 Waves to the upside since June 2016 low. Look to be making ABC correction now. I'm still looking for upside move for new high past the Septermber 2017...
Price showing a bull deep crab. Taking this Long position and targeting 38.2% - 50% fib retracement before making another down move lower.
Expecting a 3 waves bounce off the 88.6 of Bat completion.
Here we can see double pattern Bull Butterfly and Bull Bat for this instrument. I will wait for 4hr bullish candle pattern to put entry for Long position targeting 1.26750.
Here i identify a potential Bullish Bat on GBP/USD with WXY Double 3 correction. Expecting price to make a new high. Technical Strategy: Buy Limit : 1.3800 (Round number) Stop Loss: 1.37410 Target take profit: 1.43750.
I posted a deep crab pattern previously on this pair which completed at 136.60 and took a dive to 61/8% fib retracement for that pattern and now we are looking into another possible Deep Crab pattern which will complete around 138.85 handle. Technical Strategy : Sell Limit 138.85. Stop Loss 139.50. Target take profit 61/8% fib retracement of AD.
I'm still looking for one more move down lower towards 88.6%.