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PRZ

GBPUSD - One final sell-off before Bat pattern completesHey traders, just prepping myself before the webinar starts tonight. I see a nice bat pattern completing on GBPUSD. This pattern aligns with the GBPAUD I shared over the weekends. Pattern Identification Bat pattern to buy at 1.2050 - 1.2070. Very tight confluence at this zone, DO NOT use a pending order. Trade Execution Will wait for a pinbar, candlestick reversal at PRZ before entry. If price bashes straight beyond the PRZ, this pattern will no be invalidated. PRZ stands for potential reversal zone, we always have to watch this zone for signs that it wants to reverse before we execute our trades.
Long
by TerryHarmonicTrading
2
eur usd neutral 10-03-2017 (ap)hello dear traders and welcome to growing Forex A nice spike yesterday for EURUSD moved the price out of bearish pressure & its heading north. Moreover I'm not neutral its just that i,v started betting on the euro from yesterday's speech of Mr.Mario Draghi. He said that there no change in our policy & are trying to increase the asset purchasing to 74 billions approx. Due to this the investors changed their mind & started investing in Euro. As of now the price is headed north around 1.0640 - 1.0660 levels. Most probably these are the reversal zone for a short term correction. Thing to follow today are NFP that can change the outcome. Good-luck, Regards, Growing Forex.
by GrowingForex