Price is approaching a very crucial zone. The 415-420 zone. If price comes down and holds we can look to see price potentially test 460, then 500 again. If you are long or are looking to get long keep that 500 level in mind. The last time price ran up that high it quickly rejected that level. Although we are in a much stronger and sustainable up trend. Conversely,...
There is a bullish bat completion at .7091 on the 240. If you don't trade Harmonics this level has some strong support as well. You can have your stops just below the swing low around .7065. I would look to take profits up to the former support level at about .7165 and the swing high at .7245. Good luck trading out there.
- GBPUSD has just ran into a Major Support Level - We have an Open Gap well above us - If I can find a reason to get long then I will - Right now I'm looking for a Double Bottom to occur on the Lower Time Frame Target #1 - Next Level of Resistance Target #2 - Gap Fill Stops - 1 ATR Below Double Bottom (if we get one)
There is an ascending triangle on the 240 min chart. Bitcoin is in a nice up trend. If we see a break above 468.00, I'm looking to get long. There is some resistance right at 500. So if you miss the breakout to the up side I could see price retracing back to 470's to get long. I would take profits at 600.00 around that weekly resistance area. On the downside if...
AUDUSD 240M bearish cypher pattern completing at 0.7339 The pattern's D point completes slightly above it's B leg making it a valid pattern. Good risk to reward, two targets at the Fibonacci retracement levels 38.2 & 61.8.
Overall I'm still bullish for this pair but the proportion of this gartley pattern seems really accurate. Probably eurusd will complete correction on the 76.4 fib.
Here we got a Bat pattern to watch for in the new week to come, the trend is kind of sideways so lets see If the RSI will go over sold (less than 20) for more confluence. If you are a harmonic pattern trader hit me up, i would like to make a group for pattern traders to support and help each other out for an example.! Else comments good or bad are very...
Potential Bullish Cypher On 240Min/4H Chart around 1.8750