Basic trend line break, close below and sell. Huge Risk to reward.
The chart pretty much explains it all! Any questions?
A completed bat pattern on the daily - with 3 levels of rise being completed, and then 3rd level behaviour forming with a namable pattern indicating a downside of at least 500 pips!
While we wait for the ABCD pattern to approach C leg on the Daily time frame, we could take this ABCD pattern to the C leg on the H4 time frame. Im currently waiting on a midweek reversal on the H1, followed by 3 levels of drop on the H1, then 3rd level behaviour at the 61.8, waiting for a namable pattern such as a W formation or a inverted H&S, to take this long...
Basic ABCD pattern completion, if a pattern forms at the 38.2 (A M formation/Head&Shoulders/AgressivePeak) on any time frame H1 and up, this looks like a good long term short. We have to see how the dealer will handle price at the projected TP areas. But the bigger the pattern that forms at C leg, the more it validates this ABCD pattern! I Trade using the Market...
Simple, wait for retest, then short if a pattern is seen.
I don't even normally trade UJ, but i saw what looks like a great buy opportunity and I couldn't resist marking it up and showing you guys, again, I trade using the Market maker method and some technicals, if you don't understand something don't be shy, ask me a question! Other than that, this is not a signal in anyway, happy trading!
*This is based of pure Market Maker Method strategy* As you can see, i see a possible short coming up for the Eur/Usd, depending on the severity of the levels of rising about to happen, this could play out perfectly and would be good for a swing trade for a few hundred pip
This is based off PURE market maker method strategy and market maker behaviour, this trade looks like a short PLAY now, BUT ultimately we will have to see how the dealer handles the lows and the highs! - This is not a signal, trade at your own risk!