Ombulu

Ombulu

Buy EURUSD; 1. Bullish bat pattern complete 2. Retest of previous low 3. RSI overbought 4. 1:3 risk to reward ratio

Ombulu

DXY Short since ; 1. Retest of structure 2. Bat pattern complete 3. Risk:Reward, 1:2 However, confirm entry with price action.

Ombulu

There exist two scenario to short this pair; (1) Short-term sell confirmed by price rejection and bat pattern and RSI divergence (2) Long-term buy by waiting for a channel break-out and go for a trend reversal trade

Ombulu

The Market has been ranging for while. Looking on a higher timeframe (e.g daily), price on the high side; thus is we see a break of structure we will sell the high with targets at previous levels of structure. Check RSI for overbought and compare with market movement. Risk-to-Reward Ratio should be atleast 1:2.

Ombulu

Cypher pattern complete with ABCD pattern. Buy with first target at ABCD completion and extended targets at 0.618 retracement of X to D.

Ombulu

SELL USDCHF ON 15 MIN. Pattern complete with RSI divergence confirmation.

Ombulu

We expect a breakout of structure for either a trend continutation or counter-trend trade opporturnity.

Ombulu

Potential long trade, looking to go sell on the bounce.

Ombulu Updated 

THERE IS A POSSIBILITY OF A TREND CONTINUATION TRADE; CONFIRMED BY THE PULL BACK THUS GIVING ENOUGH CREDIT TO BUY LOW.

Ombulu Updated 

Gartley Pattern expected to complete. MAKE SURE R:R is atleast 1:1, advisable to take partial profit!

Ombulu Updated 

CYPHER PATTERN COMPLETE

Ombulu

THERE IS A POTENTIAL PATTERN WITH AN INSIDE ABDC HARMONIC PATTERN.

Ombulu

Wait for the market to form double tops, wait for price to break neckline and pullback to short @ R:R of at least 1:1. Target at 0.618 level; SL above previous structure high. Confirm entry with RSI indicator.

Ombulu

One can consider buying Gold after Bat Pattern completion BUT MAKE SURE YOUR RISK-REWARD-RATIO is or more than 1:1.

Ombulu

Potential ABCD and Head & Shoulder

Ombulu

Breakout of Inside Wedge with Pullback Confirmation of bearish movement. Target 1 at 0.618 retracement with extended target at previous level of support. Stop loss above previous structure resistance. Confirm risk-to-reward ratio-1:1.