A potential bearish shark pattern may complete next week, RSI is on it's way to overbought level too. R:R at 2.3 (TP1) and 4.2 (TP2). Good luck.
It's good to Buy SL Below X point Target 1 @ 113.70 Target 2 @ 114.00 Thank you for watching.
Reading the chart The pair broke a midterm upchannel with a weak extension of 120.9% of X to A. This break of the upchannel sets my bias to short. Also, with a weak extension in mind I would expect a deep retracement back to X. This retracement should end at approx. 0.7189 with a confluence of the dynamic resistance of the current downchannel at approx....
The PRZ of the gartley pattern would fill the gap 2017-04-23. Setup Entry: 109.11 stoploss: 107.42 target 1: 111.11 (1:1.19) target 2: 112.35 target 3: 115.79
Reading the chart After the French election the pair surged higher until it hit a "major" dynamic resistance (reprojected a channel aligned at the 2016-10-06). Now it consolidates awaiting the big news from the UK. As a pattern trader I look for patterns within consolidation with potential to break out. If I loose, I reset and wait for a retest of the broken...
good day everyone we got here two opportunities the D leg completion and also the pullback as per the targets showing happy pips hunting
The pair broke a significant dynamic resistance (16H/D/W). Resistance should become support. A nice gartley pattern presents itself for a long opportunity: The potential reversal zone (PRZ) of 18.6 pips is defined by: - 127.2% extension of AB - A bigger 61.8% retracement of AB=CD completion pattern. Setup entry: 0.86293 stoploss: 0.85860 target 1: 0.86756...
HI guys, A few days ago I posted an XABCD which, once we took out the stops, rocketed yesterday. Looking at this chart, I see current profit taking hence that's why we've stalled. Overall I see 118.000 as the big target with maybe a 3 drives to get us up there. I'll closely be watching price action and the over-so important Daily Candle closes throughout the...
Usually i am not a big fan of harmonics because of the many levels that are needed to be reached, before a harmonic pattern is complete. The levels should also match the price action of strong resistance and support zones, and i see it very rarely that the levels match the price action of strong support/resistance zones. I use the harmonic in this chart...
I put out a video breaking down this massive potential Bat pattern that is potentially setting up on EURUSD. This Bat pattern will potentially complete at 1.08126. Minimum stops need to be above X at 1.08734 with potential target 1 at 1.06370 and target 2 at 1.05255. Now the really nice thing about this pattern in particular is where it will potentially...
Good Afternoon Traders, A cypher pattern has completed on the GBP/USD 1Hr TF. The C leg came very close to closing above the 1.414 extension, luckily only wicks formed. My stop has been placed at the X leg, which also ties in with other key support/resistance zones. First target - 1.23227 Second Target - 1.23678 Follow me on Twitter: BrightForex Thanks and...
Best trading point is D. Trade Please wait for the pattern confirmation.