Still remains more bear than bull bias... Bull's need to break 1.1160 in order to see more upside;
Look for sells in green area! Target1: 38.20% retracement: 1.1135 Target2: 61.80% retracement: 1.1100 Stops go above X point! Let the pips be with us ! Good luck.
Stop-loss 10 pips below X. Safe trades!
Solid stricture beneathe it, good luck.
Little bit about this pattern The Shark pattern is unique among all the other harmonic patterns in that it is both a "class 2" pattern where the "C" point (in the case of a Shark pattern, the "A" point is the "X" point) actually exceeds the A point AND it is also an extension pattern where the ending point is beyond the origination point of the pattern. In the...
Just little sketch where we might be going. We have to point out that FOMC circus will be tonight, and it's hard to predict what they will do...
About this pattern - Although it was not specifically identified, one of the first references to a Three Drives Pattern was outlined in Robert Prechter’s book, “Elliot Wave Principle.” He described the general nature of price action that possessed either a three-wave or a five-wave structure. Adapted from this principle, symmetrical price movements that possess...
Here is a quick traditional 26-18 tade, usually retraces at 61.80%, but can also retrace from 0.786 and 0.886%. Chance to buy at 1.0964, first target 1.0984. Stops below double bottom. If we indeed rally back up to 1.0984, then check for next target's based on structure (previous resistance).
Look for reversal around 61.8%-88.6% retracement zone (1.1015-1.0940). Safe trades!
Hello everyone! Here we have potential Gartley pattern setting up. To clarify some things, first of all we need to take in consideration that B leg would be still valid even if it extends beyond 1.0908 level. but we have to make sure that we don't see candle close below 1.0749 mark-then it would invalidate this patter .So pretty much we have a space to breathe,...
Look for sell opportunity at 1.1073-1.1076, but make sure there is no candle close above 1.1076, if so, then this pattern will not be valid. If pattern completes, we could look for buying opportunity at 1.1037-1.1038.
Look for sells around 1.1098. Target 1: 38.20% retracement from AD =1.1064 Target 2: 61.80% retracement from AD=1.1049
Butterfly should complete at 1.1065, then potential selling opportunity.
Depends on where we will find a support. - 1.1089 support if hold's then might take us to 1.1240 - if 1.1089 breaks, then next is 1.1036 (point where cypher pattern will be completed and we might see buying opportunity).