Looks like a bearish bat harmonic is forming on FX:EURGBP . Possible targets are 0.382 w/ RR 1:1, 0.618 w/ RR 1:2 and 0.786 w/ RR 1:2.8. 0.786 retracment is right above last weeks S1 pivot. As it's a trend continuation trade further targets could be possible.
Looks like at EURUSD a potential bullish butterfly setup is forming. The 1.272 XA extension is right in a strong resistance area which gives this reversal trade a great potential. Possible targets are in my opinion: T1 beneath the 0.382 AD (RR 1.8) , T2 beneath 0.618 AD (RR 3.2) and T3 beneath 1 AD retracement (RR 5.5). S/L goes beneath 1.414 XA extension. ...
What a nice structure at FX:EURJPY … Three sell-offs of almost exactly same length. As the last candle was an indecision candle, I'd suspect a great opportunity to go long. First retracement stopped at 0.5, the second was fully bought back before the sell off continued. In my opinion it's targets T1 at the 0.618 retracement of the last move (RR 1:2.3), T2 at...
A potential bearish bat harmonic pattern could be forming the next days at FX:AUDUSD into a strong resistance area. The overall trend is bullish so once the pattern is valid, it's a potential counter-trend trade with a RR 1:1 on 0.382 an RR 1:3 at 0.618 retracements. I think it's worth to closely monitor if this pattern will form.