There is a potential 2618 setup lining up for the EURCHF.
First target would be 1:1
Extended targets have a decent risk reward.
You´ll need to catch this one quick as it hits the 0.618 retracement very soon.
Hopefully this will help you all.
Have fun and good luck trading.
Hit the follow if you like my ideas;)
This candle might give us an indication that we have a shift in trend for USDJPY
The ABCD completed at 105.818.
Further confirmation due to the legit doubte bottom.
There is also a structure level (Red horizontal lines)
Looking to get into this trade pretty soon. Probably as soon as it hits 105.800 again
My stop will/would be at 105.450
first target:...
The 1,618 extension of the latest move gives us an excellent point of reversal.
The risk reward seems to be excellent.
If it does not move straight up to 1,618, then we are like to see a move as predicted(arrows)
Hopefully this can help you and i am looking forward to your feedback.
Good luck trading!
As you can see a big bullish bat pattern is lining up for GBPUSD.
My entry will be in the grey zone (1.40934-1.40625)
In this zone the bat would complete + with have a 1,618 extension of the AB-leg there.
Stops are going to be below the X-point (1.4066) We also have an even number here so watch out. You´ll probably want to play safe an put your stop 15 pips below...
