JustBusiness

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Greetings fellow traders, today we are analyzing the AUD/USD Daily chart, looking at a potential Bullish Shark Pattern. The pattern is establishing the C to D leg, with two potential targets at 1) a risk to reward of 1:3, and 2) a risk to reward of 1:6. We have an upward trend which supports our bullish position. The measurements for a shark pattern are...

JustBusiness

Greetings fellow traders, today we are analyzing the CAD/JPY 4hr chart, looking at a potential Bullish Bat Pattern. The pattern is in the process of completing the C to D leg. There is a possible 1:2.5 risk to reward, with a max of 1:5. Since August, this pair has had a bullish trend, this would help support our position. The measurements for a bat pattern are...

JustBusiness Updated 

Greetings fellow traders, today we are analyzing the EUR/USD 4hr chart, looking at a potential Bullish Butterfly Pattern. The pattern is in the process of completing the C to D leg. There is a possible 1:3.5 risk to reward, with a max of 1:5. The measurements for a butterfly pattern are detailed below: B: 0.786 C: 0.386 - 0.886 D: 1.618 - 2.240 X to D:...

JustBusiness

Greetings fellow traders, today we are analyzing the EUR/CAD 4hr chart, looking at a potential Bullish Bat Pattern. The pattern is on track to completing the C to D leg, with a risk to reward of 1:2.5. The measurements for a bat pattern are detailed below: B: 0.382 - 0.500 C: 0.386 - 0.886 D: 1.618 - 2.618 X to D: 0.886 Will be looking to enter this trade...

JustBusiness Updated 

Greetings fellow traders, today we are analyzing the EUR/JPY 4hr chart, looking at a potential Bearish Butterfly Pattern. The pattern is in the process of completing the C to D leg, with a potential risk to reward of 1:4. The measurements for a butterfly pattern are detailed below: B: 0.786 C: 0.386 - 0.886 D: 1.618 - 2.240 X to D: 1.272 Will be looking...

JustBusiness

Greetings fellow traders, today we are analyzing the GBP/AUD 4hr chart, looking at a potential Bullish Butterfly Pattern. The pattern has passed the D point during the most current 4hr block. Keep an eye on 1) if this 4hr block closes around the D point, and 2) whether reversal candles form. There is a possible 1:4 risk to reward, with a max of 1:6. The...

JustBusiness Updated 

Greetings fellow traders, today we are analyzing the USD/CHF 4hr chart, looking at a potential Bullish Deep Crab Pattern. The pattern is in the process of completing the C to D leg, with a potential risk to reward of 1:3. The measurements for a deep crab pattern are detailed below: B: 0.886 C: 0.386 - 0.886 D: 2.240 - 3.618 X to D: 1.618 Will be looking to...

JustBusiness Updated 

Greetings fellow traders, today we are analyzing the EUR/USD 4hr chart, looking at a potential Bearish Deep Crab Pattern. The pattern is in the C to D leg, with an almost 1:3 risk to reward. The measurements for a deep crab pattern are detailed below: B: 0.886 C: 0.386 - 0.886 D: 2.24 - 3.618 X to D: 1.618 Please share your thoughts!

JustBusiness

Greetings fellow traders, today we are analyzing the USD/CAD 4hr chart, looking at a Bearish Gartley Pattern. The pattern is at the initial push of the C to D leg. If the pattern is completed, then the risk to reward is 1:3. The measurements for a gartley pattern are detailed below: B: 0.618 C: 0.386 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786 Please...

JustBusiness

Greetings fellow traders, today we are analyzing the GBP/JPY Daily chart, looking at a potential Bullish Butterfly Pattern. The pattern is in the process of the C to D leg, with a risk to reward of at least 1:4, possibly more if it hits the Fibonacci retracements and begins an upward trend. The measurements for a butterfly pattern are detailed below: B:...