EURUSD Gartley formation just triggered for a long entry. Stops below X, 38.2% and 61.8% retracements as targets.
Waiting for price to push to the 127.2 fib extension (1.12778) of AB for a short opportunity
waiting for price to rise to 1.12488 before a completion of a Gartley pattern and a short entry. Stops above X targets at 38.2 and 61.8 fib retracement
Assuming price makes it up to the 88.6 fib retrace of XA, there is a potential bearish Bat formation completing at 1.13124
Waiting for price to retrace to 78.6 of XC (1.12995) for a possible short
Cypher pattern hit targets and potential Bat Pattern now forming. Waiting for price to push into the 88.6 fib retrace of XA
2 potential advanced patterns completing close to each other, both indicating a possible bearish move
This potential bat pattern on the USDJPY looks to join with the underlying trend on the daily, with completion around previous support which could turn to resistance.
Looking at a potential trend continuation around the 111.000 area. Daily chart indicates we are bearish with downsides towards 106.000 area. This indicates we have room to hop on the downtrend we are currently in. Recently the 111.000 area has held strong support on 3 occasions. There is a good probability it could hold as resistance if price gets there again....