We have a nice bearish AB=CD forming on the GBP/AUD pair, Intermediate Timeframe is 4H, Major is Daily and Minor is 1H.
I expect this pattern to complete today or tomorrow.
This AB=CD has an AB measurement of 0.393 which means the reciprocal ratio will be 2.618. This is the CD price leg.
Once price confirms 2.618 ratio I will be looking to enter the trade...
We have a nice bearish butterfly forming on the CAD/JPY pair, Intermediate Timeframe is 1H, Major is 4H and Minor is 15M.
I expect this pattern to complete within the next few days.
The following are the things I like to see confirmed before taking a trade:
XA Retracement Is: 1.272
BC Projection is: 1.618
Alternate AB=CD is: 1.13
Stop loss level is measured...
We have a nice bullish bat forming on the GBP/USD pair, Intermediate Timeframe is 1H, Major is 4H and Minor is 15M.
I expect this pattern to complete by the end of this week (01/07/2019)
The following are the things I like to see confirmed before taking a trade:
XA Retracement Is: 0.886
BC Projection is: 2.618
Alternate AB=CD is: 1.618.
Stop loss level is...
