A bullish Gartley pattern will complete at 1263 area. Watch the price action for other bullish signals in lower time frames. It might rally up to 1367 to complete the bearish Cypher pattern on a bigger scale.
The momentum is dying any time the price is coming low. Maybe the price action have another attack to upside and break the upper side of the triangle.
Confluence of CD=1.618 AB, 2.24 BC extension and 1.618 leg of the Deep Crab pattern all converge in a tight area between 95.62 and 101.40. In addition to this they converge to the logical number 100.00. Hence a pull back, not a reversal, sounds like a tempting trading idea. Stop Loss order: 103.00 Entry: 97.45 Target Profit : 75.00
The short selling setup o AUDJUY, 1H time frame. Entry, SL, and Target profits are suggested on the graph. Good Luck, Hamed
Stop Loss: 1.6540 Entry 1.6615 TP1: 1.6733 TP2: 1.6804
Watch the 1H price action at 0.886 retracement of the XA leg. The trade seems having reasonable risk/reward ratio.
Has been trending through text book identical AB=CD pattern. Looking for a retracement toward 0.8167-0.82, for going short to 0.7760. Any comment?