Spotted Late. If price won't close at TP1, Setup might gonna be reconsidered with strict stop loss. If price continues to break diagonal support, TP 1 might gonna be achieved.
Buy stop pending order has set to 1.68585 once reached trade will be active. Setting 1:123 RRRatio for my TP1, 1:2 RRRatio if price continues to surge up for TP 2, a potential 962.8 pips reward. If price breaks diagonal support, expect that price may continue to go down. Stop loss will properly be implemented. RSI at neutral territory.
If price continues to surge upwards, TP 1/TP 2/MAX TP can be possibly hit with the Bullish AB=CD Strategy while waiting for the D Completion of a possible Bearish Cypher setup. Stop loss set below AB=CD PRZ. AB=CD PRZ was respected and very evident as shown.
A potential Bullish confluence setup of a Gartley and Butterfly was spotted in EURAUD 1h. Both has the same PRZ. May enter conservatively at 1.272 level(1.56675) with 78.4 or 106.6 pips movement. Gartley TP was taken for maximum TP giving me 1:1/ 1:1.36 RRRatio. Strict stop loss point at 0.00784. Risk % = 3% CAVEAT
A potential Bullish confluence setup of a Cypher and Bat pattern was spotted in GBPUSD 1h. Buy limit at 1.29866 entry point D of Bat pattern setting stop loss at 1.29666. 1:7.49 RRRatio Calcluted Risk %= 3%. Credits to Sir Madi.
