Bullish Gartley pattern on PINK after longer-term bat patternGiven BTC's recent bullish movement I suspect most alts are finally about to see some sustained positive action. The fibonacci extension to the right is the length of XA starting from point D in order to determine common targets beyond the obvious A, B, and C points. 1.27, 1.618, 2.27, 2.618, etc for more aggressive targets based on this pattern.
Harmonicsignals
EURUSD LONG
We have completed the wave 4 and we are looking to enter long for the wave 5
Here we can see a bat pattern that completed at the end of wave 4 confirming a long postion
We are waiting for the price to retrace to the 50 or 61.8% of the first up move of the wave 5 so we can have a nice presice entry
A nice divergence that confirms the bat pattern and also the smaller wave 3and5 of the wave c of 4
here will be our entry at the 50 or 61.8%
entry : 1.22524
stoploss : 1.22003
tp1 : 1.23639
tp2 : 1.24000
tp3 : 1.25428
A nice risk reward of 2/1 for tp 1 and 5/1 on tp3
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NZDUSD SHORT
Here wave 4 has completed and we are looking to enter SHORT for the wave 5
We see a nice wedge breakout that confirms a sell
We will enter at the 50% or 61.8% of the first move of the wave 5
A bat pattern that confirms the sell and the completion of wave 4
divergence at the completion of wave 4 and at the completion of the bat pattern that confirms the sell
this is should look like our entry
entry : 0.72573
tp1 : 0.72320
tp2 : 0.71959
tp3 : 0.71621
a risk reward of 3/1 on tp 2 and +- 5/1 on tp3
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1D BULLISH SHARK$AUDUSD finally broke out of a recent consolidation phase and will complete a bullish shark on the daily TF once price taps the .7500 level.
We should see a clear reversal pattern in the form of a double/triple bottom on the lower timeframes (h1/h4) and a break of the CTL will confirm.
The swing should bring us back to test the .7750 quarter point. Will reassess this market at that point.