Michael_km
AUDUSD Long OpportunityHello traders,
I haven't posted in a a while, however we have long opportunity on the AUDUSD @Market
This pattern completed @0.7640 and should serve as a trend continuation opportunity. RSI is also currently dancing around the OS region.
Target 1 @ 0.7675
Target 2 @ 0.7698
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EURUSD DEEP GARTLEY PATTERN - LONGHello Traders,
We are close to completing this gartley pattern @ 1.1246
This B point pulled deep into the 61.8% retracement but did not touch the 78.6% so remains valid.
Target 1 @ 1.1292
Target 2 @ 1.1321
SL @ 1.1221
This provides us with a good risk to reward ratio.
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Bat Patterns USDJPYHello Traders,
On USDJPY we have two potential bat patterns (1H) presenting shorting opportunities in a bearish market (1D)
One is currently very close to completing (deep blue)
The Deep Blue Bat completes @ 100.98 around a level of resistance.
Target 1 @ 100.45
Target 2 @ 100.13
SL @ 101.38
Our Second bat (Red) completes @ 101.97
Target 1 @ 101.04
Target 2 @ 100.47
SL @ 102.63
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Bearish Bat Pattern (Completed) USDJPYHello traders,
We completed a bearish Bat pattern on this pair @ 105.89
Price currently lies at around 106.17s
This provides a great opportunity to go short on this pair. This pair has been in a down trend. We have completed at an area of support turned resistance and have also put in some bearish divergence.
Target 1@ 103.21
Target 2 @ 101.54
SL @ 107.93
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NZDUSD Long Cypher PatternHello traders,
We completed a bullish cypher pattern @ 0.7055
Price had pulled down deeper providing a better level of entry @market
This presents an opportunity to go long on this pair.
Target 1 @ 0.7148
Target 2 @ 0.7223
SL @ 0.6930
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EURUSD Potential Gartley Pattern 1hrHello Traders,
We have a potential Gartley pattern which will complete if we reach entry @ 1.1050
If we complete at this area it presents a great area to go short. It would complete an AB=CD harmonic move and is also an area of resistance. Furthermore, we recently been putting in a series of lower highs and lower lows.
Target 1 @ 1.1014
Target 2 @ 1.0991
SL @ 1.1078
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Potential Cypher Pattern GBPUSD LongHello Traders,
We have a potential Cypher pattern if price can work its way down to our entry @ 1.2982
This completes in an area of minor support which presents a good opportunity to go long on this pair.
Target 1@ 1.3173
Target 2@ 1.3289
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Potential Gartley Pattern USDJPY LongHello Traders,
We recently went short on this pair with a successful Cypher pattern.
We are now looking at an opportunity to go long with a potential Gartley pattern entry @100.40 if price call fall to this level.
In this area we complete an AB=CD harmonic move and have some fib confluence.
Target 1 @ 100.80
Target 2 @ 100.05
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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.
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