zorrays

zorrays Updated 

After a bullish breakout of the decending channel, price has formed a nice textbook style flag pattern which will break towards the upside. Target is based on next resistance which is a confluence with Fibonacci Retracement.

zorrays Updated 

AB=CD PATTERN TARGET BASED ON 382 AND 618 WILL ENTER AT THE BREAK OF THE SUPPORT LINE OF THE RISING CHANNEL

zorrays Updated 

OVERALL, ON DAILY CHART, PRICE IS STUCK IN AN ASCENDING CHANNEL. WITHIN THE CHANNEL PRICE HAS CURRENTLY FORMED A FALLING WEDGE. EVENTUALLY, IT WILL BREAK THE ASCENDING CHANNEL BUT THE QUESTION IS WHETHER IT WILL BREAK IT NOW OR BREAK AND REACH THE BASE OF THE FALLING WEDGE AND THEN DROP.

zorrays Updated 

ABCD PATTERN PATTERN HAS TRIGGERED BUT WE GOING TO ENTER THE MARKET ONCE IT BREAKS THE TRIANGLE PATTERN TARGET BASED ON FIBONACCI 382 AND 618

zorrays Updated 

Descending Channel Target: Fibonacci Projection

zorrays Updated 

1, Ascending Wedge 2, RSI Bearish Divergence 3, Trade strictly activated at break and close of the wedge TARGET BASED ON STRUCTURE + FIBONACCI PROJECTION

zorrays Updated 

1, BAT PATTERN 2, RSI BEARISH DIVERGENCE TARGET BASED ON 382 AND 618 ON FIBONACCI RETRACEMENT TRADE NOT ACTIVE

zorrays Updated 

1, Rising Wedge 2, Bearish RSI Divergence 3, Double Top TARGET BASED ON FIBONACCI CLUSTERS

zorrays Updated 

1, The Gartley 2, Rising Wedge 3, Bearish RSI Divergence Target is based on the bottom bound of the Ascending Channel On the flip side, price can continue to the top bound of the Ascending Channel and then drop

zorrays Updated 

1, ASCENDING FLAG 2, RSI BEARISH DIVERGENCE 3, PATTERN WITHIN A PATTERN TARGET BASED ON FIBONACCI EXTENSION 1.272 + 1.618

zorrays Updated 

1, ASCENDING CHANNEL 2, HEAD AND SHOULDER PATTERN TARGET BASED ON BASE OF ASCENDING CHANNEL + FIBONACCI CLUSTER

zorrays Updated 

Rising Wedge - Pattern within a Pattern + RSI Bearish Divergence Target based on lower bound of larger pattern (Ascending Channel) and Fibonacci

zorrays Updated 

1, PATTERN IN A PATTERN (RISING WEDGE) 2, RSI BEARISH DIVERGENCE 3, DOUBLE TOP INSIDE SMALLER WEDGE 4, DXY - GARTLEY PATTERN 1ST TARGET BASED ON BOTTOM BOUND OF LARGER WEDGE PATTERN - 2ND TARGET WILL BE DETERMINED IF THAT WEDGE IS ALSO BROKEN

zorrays Updated 

PRICE RETRACED INTO 382 - 618 ZONE CREATING A FALLING WEDGE TARGET BASED ON FIB EXTENSION

zorrays

I see a short opportunity with GBPNZD as there is a pattern within a pattern. As you can see the nature of the market is that it is currently on a downtrend and price is correcting. Both channel and head and shoulder pattern have tendencies to break towards the downside which will help us determine the next impulse.

zorrays

Overall, price is currently sitting at the top bound of a channel. However, zoomed into hourly, price has created an ascending flag/channel which will break towards the downside. Target is based on confluence of Fibonacci Cluster (retracement and extension) + aligned with previous structure

zorrays Updated 

PRICE DUE TO RETRACE AND IMPULSE - ENTRIES WILL BE UPDATED

zorrays

EURJPY BROKE THE ASCENDING CHANNEL TARGET IS BASED ON STRUCTURE + FIBONACCI CLUSTER