Coming in thru a Bull Bat on 1hr TF and 4hr Bear Gartley. Then what it looks to be ABCD 127 after the Gartley completion.
Confluence with 50% correction of the recent decline. Target 112.
Completed Gartley on 4hr tf. Short towards completion of D Bat pattern.
Retest of symm triangle trendline. Reload long towards 1.13xxx
1hr looks like forming evening star candle pattern. May short towards the D completion of this Cypher then to go long back again towards 92.xx
Check out my previous post on the weekly EURAUD bearish bat pattern which completed already. Awaiting for short opportunity. Got out from my Long position for 200 pips from the completed 4hr Bull Butterfly. Price entry was at 1.5350. Will short somewhere 1.5770 towards 61.8 fib AD of the completed Bear Bat on the weekly.
Awaiting for long towards previous resistence 87.xx Long entry somewhere 80.50 - 81.50.
On the hourly we could see a Bat pattern.
On the hourly chart, we have Bear Bat pattern. I would wait at 61.8 fib of AD to put long position. As i write this, on the 4hr chart, its forming somewhat bull engulf.
On the weekly we could see stoch is on oversold condition. As i write this post, 4hr bar looks to be bull engulf. Same goes to GBPJPY.
Completed last night. I wasn't aware of this. Target TP 1.5010
Taking position at 78.6 of AB with stops at above A. Target TP 115
Price seems to bounce on 61.8 on the hourly TF swing low of 5/1/2015 to swing high of 10/1/2015. Let's see if it gonna hit 61.8 of AB to make C leg which right at the trendline channel resistence. Could add short there with SL just few pips above A. Target TP would be in between 1.0570 - 1.0630