H1
USDJPY H1 structure short opportunity
I share my view of this short opportunity:
USDJPY
On H4
3. RSI OS on arrowed candle -> leading to regular bearish divergence (possible signal for reversal)
4. 61.8 from bigger swing (marked as 1)
5. structure at points 2, 3, 4
On H1
6. Last 3 candles "respected" 120.30
7. since number 6) small SL above highs of las 3 candles
Maybe in Future:
1. Potential bull bat (orange)
2. POTENTIAL bear gartley (blue): for this, there is still no clue if C will complete. If this gartley completes, it will do a very good structure
As always, comments are welcome
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Regards
Rafael
JPN225 Potential Bat pattern completionHere we got a Bat to look out for tonight, its against trend so we only go for target 1 to protect capital. RSI is on its way to over bought condition.
Today we got a hit on the AUDCAD Bat, but got a target 2 winner in a Bat on GER30 index. Currently we are in a short position on a Cypher on USDCAD. And we just entered long on a Cypher on EURUSD so lets see what numbers we wake up till tomorrow for those that follow me.
I will try more and more to begin to put up every trade that i take so those that are interested in Harmonic patterns can get a better feeling of how the daily grind is for this method. The good weeks and the bad.
Kind regards
Thomas Jeff
3 potential PatternOn GBPUSD we have 3 Pattern set up, Bat, Cypher, Cypher.
My prediction:
- Fill of the Bat-Patter (red) aiming for 38.2 Fib Target
- From there on a possible down move to fill the blue Gartley-Patter, aiming for TP1 and TP2 (blue lines)
-After targeting the blue Gartley, another down move to the purple Gartley (H4) with targets around the actual range.
AUDJPY H1 - Bullish BatAUDJPY H1 - Bullish Bat
Entry: 89.684
Stop: 89.055
Target 1: 90.505
Target 2: 91.007
