- Pattern completed - Bear divergence present - Pin bar (reversal bar) formed Entry: 76.65
- Pattern complete - Bear divergence present - Pin bar (reversal bar) formed. Entry 73.07
The price will pressure channel resistance, a bearish B-Fly pattern can be projected. Bearish divergence is already present and we'll see if a reversal bar pattern presents itself inside PRZ box and, of course, the bear divergence remains. Note: keep in mind the high speculation of hike rate in US
Price is pressuring channel support, the absence of a bull divergence suggest that the price will continue down. This week the high speculation of a hike rate in US put more pressure to keep short position. But keep watching the ABCD pattern for a bull divergence and reversal bar pattern inside PRZ (clues for long position)
We will see if the channel on this pair remains. Possible entry around 110.69 (Daily resistance at 110.95 - 111.00)
The price is pressuring channel resistance. Bullish Gartley and B-fly patterns can be projected. Bull divergence is present for Gartley opportunity, just waiting for reversal bar pattern. Good for short position if Gartley pattern is invalidated
AUD still poisoned by the slight OIL price uptrend, but downtrend remains...
Possible bullish bat pattern at sight. Possible entry around 1.1240
The slight bearish divergence suggests that the price will retest daily support at 1.0569, will see if a bullish divergence + reversal bar pattern presents itself inside PRZ box for a long opportunity.
The bullish divergence present suggest that the price will continue higher to near resistance around 1.3050. Preparing for a possible bearish Shark pattern. OIL price still poisoned for a brief uptrend.
Patterns completed on D1 and H4 charts, but it looks like the price will retest near resistance at 1.16 (Combo Shark & 5-0 pattern) H1 chart view:
On D1 chart, a Bat pattern (green) is complete and a bear divergence is present. A possible entry could be on H4 chart with the shark pattern formation.
Price is pressuring channel resistance and there is no sign of divergence yet, so the price could continue higher a little bit more and complete these patterns projections. On H4 chart (no sign of bearish divergence), a bearish Crab pattern can be projected that overlap the possible formations on D1 chart… will see if the opportunity presents itself.
Price is pressuring daily resistance. The absence of a bear divergence suggests that the resistance will be broken (long position will be a good idea, targeting channel resistance).
For the moment, I'm looking for short position in lower TF
OIL prices are pushing AUD up. On D1 chart, the pair is pressuring resistance at .7815, next resistance will be above 0.8030 D1 chart
Th price could be forming a new channel or just will re-test previous resistance channel. For now, there are no sings for reversal, but waiting for short position...
Price broke D1 channel (green) and found resistance at 43.30, next resistance around 48.30