if price breaks the high (BAMM trigger breaks) we can enter long to complete the bat pattern.
if the neckline of double top breaks, then we will enter short. note that there is a bigger double top on weekly timeframe which has been broken; and there are some kinds of bearish pin bars on daily timeframe. so we like to short this pair.
go long on this range market. daily trend is up. RSI oversold. cypher pattern. very good R/R.
there is a bat developing on 4HR TF. note that daily and 4HR trend is down, and we looking for opportunitties for short positions.
note that daily trend is up, we look to enter long in support zones. if this cypher develope, i'll wait for a bullish reversal candlestick and then enter long.
if you see this pair on a daily time frame, it is going to make a head and shoulder pattern and right now we are in the right shoulder that is developing; but here on 1H there is a trendline; i'd rather wait and see how will price acts on this trendline; if it breaks, i would go short...
because of strong daily uptrend we are looking for buy opportunitties.
we are in a strong daily uptrend. we are looking for buy opportunitties. here is a bullish gartley pattern.
as you can see there is a cypher pattern. if it completes and in the PRZ we see a bullish reversal candle stick for confirmation, then we can enter a long position. but note that this is a counter trend move, so dont enter with huge amount of volume.
note how price acts; when the price goes to lower or upper bands and the RSI goes to oversold or overbought condition, price rally to other side of the range. it happened 9 times untill now is this 10th ?
in the previous post i posted about a butterfly shown in the chart; before that we have a triangle, we can enter long and the target is point D, after reaching point D we will enter short because of butterfly
i dont think break that strong resistance; but if we have a break out there, price action can easily 1.272 fibo ratio and make a butterfly pattern, then because its a bearish pattern, we'll have a good opportunity to go short, cause the main trend is down.
overall downtrend, we looking for short opportunities; double top formed, if the support of double top breaks i go short
there are some reasons for bearish trend and resistance; today price closed below resistance and take profit target is on 38.2.
take profit target is on the channel; when the price touch the lower channel line, close the position. before enter the position, we have to wait for price action to close below the 1.47132
RSI divergence, bearish engulfing candlestick and pattern on daily chart
divergence on 4 H timeframe; its a countertrend move ( against daily trend and again main trend on 4hr chart) if you want to trade this divergence use a 1:2 or 1:1 risk : reward ratio.
i dont think they will complete, but if completed go short