Potential Short on the EURUSDPossible price action to the down side based on price action and resistance zone on this 1hr chart. 3.63 risk to reward ratio.
Potentialpattern
GBPUSD Potential Scratch Setup 7/16/2016All in all scratch setup please do have favor contribute in this setup via comments lets discuss whatever you've got regarding to this...
What one of our contributor "Nawab" says:
GBP is finding strength after brexit, but still it will take a week or more to range for USD.
By ersoytoptas:
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Bytrader77330:
pbs.twimg.com
EURGBP longterm head and shoulders figureEurGbp, head-shoulders suggest a target of 0.76- 0.77- 0,78
the upside has also given rise to what looks like a head and shoulders figure >!!!
EURUSD Short: 2 Very High Confluency PRZ'sEURUSD is approaching an area of highly confluent short opportunities. I have broken the zones into 2 separate PRZ's to make the boundaries more distinct. I have a short entry at the top of the first PRZ with a SL outside PRZ2. Target placed just above the ab terminus which would coincide with .618cd. Reasoning for each PRZ is broken out below.
PRZ1 Confluence:
Missed Weekly Pivot
Bearish Crab Completion
Bearish Butterfly Completion
1.5ab=cd
1.618ab=cd
1.786ab=cd
Missed Daily Pivot
0.5XA Retracement
0.5AB Retracement
Bearish Knoxville Divergence Printed
PRZ2 Confluence:
Bearish Crab Completion 1
Bearish Crab Completion 2
0.618AB Retracement
If entry is triggered and target is achieved, I will be looking for bullish opportunities around the deep crab completion level near 1.06
