AUD USD BAT Pattern completed whit engulfing candle. I will wait for little pull back (maybe entry reason on 4h or 1h) and then go long. Targets are 0.386 and 0.618 Ret, lining whit structure. SL will be blow X...
Possible Bullish in trend BAT Pattern on GBP JPY. Market is still in bullish trend due to fact that we steel do not have LL (previous low was on 148.385). If we get in yellow zone we can consider that as a complex pull back and look for entry reason for bullish opportunities (or aggressively enter, but I am not a fan of that). SL below X leg. Targets 0.382 and...
After 8 days of bullish trend, double top on 1 hour chart whit engulfing bearish candle. Market is extremely over both on 4 H and D chart. I will wait if we can see pull back 0.618, and then SHORT the market (possible 2618 set up). First target around 0.98470, second around 0.97450. SL a little above 0.99165. But, this is against the strong trend so be careful!!!
After 8 days of bullish trend, double top on 1 hour chart whit engulfing bearish candle. Market is extremely over both on 4 H and D chart. I will wait if we can see pull back 0.618, and then SHORT the market (possible 2618 set up). First target around 0.98470, second around 0.97450. SL a little above 0.99165 But, this is against the strong trend so be careful!!!
Possible counter trend trade on GBP USD, Bullish, Picture is on daily chart in order to see major levels of resistance On 4 hour chart RSI over sold whit bullish divergence Lining up 0.886 retracement and 1.618 extension of the previous down leg
This is update of previous idea... possible LONG considering structures, RSI and levels (0.618), then if complete, SHORT considering Chyper