Scottcarney
AUDCAD - Shark Pattern Completing on Daily ChartI see a bearish shark pattern completing, probably in a few days time.
Shark patterns always have good R:R, R:R at 3.3 for this pattern.
RSI is also about to hit overbought level.
PRZ is at a good daily resistance zone as well.
Trade with caution. Good luck.
USDJPY - Potential Bat Pattern on H4 ChartA potential bearish bat pattern seems to be forming.
I foresee USD will strengthen, FOMC statement and interest rate results will be released in 2 days.
- It might still be a good time to long to PRZ, still about 80 pips to reach.
- R:R at 1.7
- If price breaks beyond PRZ, bat pattern will be invalid and I will be looking to long USDJPY.
Trade with caution. Good luck.
EURUSD - Shark Pattern Completed on H4 ChartA bearish shark pattern has completed.
EUR has been rather strong recently.
Price is now slightly above trendline resistance.
RSI is above overbought level.
Still no signal to short, might wait for RSI to go below overbought level or price to go back below trendline.
Good R:R at 2.1.
Good luck.