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GBPUSD potential Bat PatternHello Traders, We have a potential BAT pattern If price can reach 1.4094. Today CPI Inflation figures came out less than expected at 0.3% which has helped pushed price down close to our level of entry. This area has confluence of support and trend line support. There seems to signs of indecision in this area too. If we can continue to put in higher lows this pair can be considered to be in an uptrend. Target 1: 1.4354 Target 2: 1.4510 Beware of holding this trade over the coming weeks due to the EU referendum. Please follow, like, share and comment
Long
by KashMarkets
Potential long opportunity GBPUSDHello Traders, Price came very close but if we can actually reach 1.4094 then we have a Bat pattern which completes at the 88.6% fibonacci retracement level. This pattern completes in an zone of support. Furthermore, this pattern serves as a continuation of the recent uptrend. Target 1: 1.4354 Target 2: 1.4510 Note that that we have CPI (inflation) figures coming out in the UK. We have a forecast of 0.4%. Typically if the actual figure is greater than the forecast we could see an appreciation in GBP. Since it may lead to the Bank of England raising interest rates. Feel free to follow, like, comment and share
Long
by DigitalKM
6
USDCAD potential long opportunity. Hello Traders, This pair has been following a bearish trend as of recent generally forming a series of lower lows and lower highs. However, we broke these highs completing a Gartley pattern as indicated in blue. We now want to take advantage of a potential Cypher pattern if price can reach 1.2619 and complete this pattern with confluence of bullish divergence (Hidden) and previous support & resistance. We will be looking to go long on this pair aiming for two targets: TP1- 1.2834 TP2- 1.2972 Follow us @KashMarkets here on Tradingview and also on Instagram
Long
by KashMarkets
Potential Long Opportunity USDCAD Cypher Hello Traders, We have a potential Cypher pattern completing at 1.2622 if price pulls in deeper. R:R is skewed so some may decide to delay entry and take this at a better price. However since this pattern has a good win expectancy some may take this trade more aggressively at completion. We have some RSI divergence also. We can potentially also dip back into oversold conditions. Target 1: 1.2831 Target 2: 1.2966 Please feel free to follow, comment, share and like
Long
by DigitalKM
Potential Shorting Opportunity USDCAD CypherHello traders This pair has been following a strong down trend generally forming lower lows and lower highs. If price action can reach 1.2875 we can have a Cypher pattern completion. I will be looking to short here and following the bearish trend. Furthermore, we have areas of structure around this zone with support of trend line resistance. I will be keeping an eye on this pair, and ideally expecting RSI overbought conditions or divergence around the entry level. Two targets: TP1- 1.2716 TP2- 1.2621 Thank you. Feel free to follow, like and share
Short
by DigitalKM