lyl89

lyl89 Updated 

Awaiting bat pattern completion for GBPAUD RSI is about to reach overbought level R:R at 2.3 (TP1) and 3.8 (TP2) Might find entry point based on H1 chart and candle type I will update when pattern completes.

lyl89 Updated 

The gartley pattern (in grey) has completed. However, I do not like the R:R for this pattern. Instead, I am going to wait for the bat pattern (in blue) to complete. R:R for bat pattern are 1.3 (TP1) and 2.2 (TP2). I will update when pattern completes.

lyl89 Updated 

Spotted a potential bat pattern for XAUSUD RSI is about to reach overbought level R:R at 1.2 (TP1) and 2 (TP2) Will find entry base on H1 chart and candles I will update when pattern completes.

lyl89 Updated 

Bat pattern has completed with price closing inside PRZ, also known as the terminal bar. RSI very close to oversold level. Good R:R at 2.4 (TP1) and 3.9 (TP2). Price alerts on PRZ again to keep myself notified. When market opens on Monday, I will be monitoring the next few candles before I enter.

lyl89

A potential crab pattern is completing with PRZ at a good resistance level on H4 chart RSI is about to reach overbought level R:R at 1.4 (TP1) and 2.3 (TP2) I will update if pattern completes.

lyl89

A bat pattern might be forming. RSI is halfway to oversold level. Good R:R at 2.4 (TP1) and 4 (TP2). This is a daily chart, pattern might take days to complete. Price alerts can be set at PRZ to avoid constant monitoring. I will update if pattern completes.

lyl89

H1 Chart seems to be on a uptrend at the moment. This shark pattern has 2 PRZs, do keep a lookout on which PRZ is being respected. PRZ 1 R:R at 4.1 (TP1) & 7.5 (TP2) PRZ 2 R:R at 4.6 (TP1) & 8.3 (TP2) I will update when pattern completes.

lyl89 Updated 

Price is in PRZ, pattern is completing soon PRZ is at good resistance level based on daily chart RSI is about to hit overbought level R:R at 1.2 (TP1) and 2.2 (TP2) I will update when pattern completes. Might use H4 chart for entry.

lyl89 Updated 

Bat pattern has completed Price might have gone slightly below PRZ, however I see some consolidation on H4 chart RSI is also showing bullish divergence on daily chart, still at oversold level though R:R at 1.5 (TP1) and 2.5 (TP2) I take it that pattern is being retested. Performing multiple time frame analysis can give you a better picture of how price is...

lyl89

Yellow Bearish Butterfly Pattern Has already completed Session ended with a bearish shooting star candle RSI is already at overbought level, waiting for bearish divergence R:R at 1.2 (TP1) and 2.1 (TP2) Purple Bearish Butterfly Pattern Might take more time for completion, to keep in view R:R at 3.3 (TP1) and 5.5 (TP2) In my opinion, I will focus...

lyl89

Quite a drop for CADCHF this week, Swiss news have been rather positive this week compared to Canada. Not much news for this pair next week, let's focus on this Bat Pattern instead. PRZ acts as a good suppport level Price about to hit PRZ anytime RSI still at oversold level R:R at 1.3 (TP1) and 2.1 (TP2) Wait for : Signs of rejection at PRZ RSI to...

lyl89

A bat pattern seems to be completing soon. PRZ is around daily resistance level, more potential for reversal. RSI is just at overbought level, no sign of bearish divergence at the moment. R:R at 1.2 (TP1) and 2.2 (TP2). NOTE : - There are quite a lot of high impact US related announcements for these 2 weeks, such as GDP, PMI, NFP. - High volatility is...

lyl89 Updated 

A shark pattern might be completing next week. This shark pattern has 2 PRZs, do take note. RSI is about to reach overbought level. In my opinion, PRZ 1 seems to be a strong resistance level, where price is more likely to retrace. Excellent R:R PRZ 1 : 3.8 (TP1) and 6.8 (TP2) PRZ 2 : 4.1 (TP1) and 7.3 (TP2) Will update with upcoming news that affect AUDNZD...

lyl89 Updated 

The bat pattern in yellow has already completed and reacted and reached TP1 at around 1.2446, but hasn't hit TP2 indicated by the purple line, cheers for those who have already locked in some profits. However, I spotted a possible butterfly pattern forming soon around 1.2465. At the same time, RSI is on its way to overbought level. R:R at 1.7 (TP1) and 3...

lyl89 Updated 

A bat pattern might be completing soon. RSI is diving to oversold level soon as well. Reasonable R:R at 1 (TP1) and 1.8 (TP2). Price alert has been set in PRZ, will update if pattern completes.

lyl89 Updated 

Slightly late when I spotted this, both patterns have completed and price has started to retrace. PRZ for Gartley in light blue, PRZ for Butterfly (in Purple) RSI is showing bearish divergence. DO NOTE : Looking at CFTC FX Commitments of Traders released on 10 Feb 2017: - AUD long 17K vs 12K long last week. Longs increase by 5K - Australian dollar net longs...

lyl89 Updated 

- Bat Pattern has completed with price hitting PRZ. - RSI is at oversold level. - Waiting for next hour candle to see if RSI shows bullish divergence before deciding.

lyl89 Updated 

We have a number of high impact news for NZD and AUD this week, especially interest rate decisions for AUD tomorrow, NZD on Thursday. This might determine the completion of the shark pattern, which in this case, only has 1 valid PRZ. Shark patterns always have very reasonable risk/reward ratio. The R:R for this pattern is at 4.7 (TP1) and 8.6 (TP2). Price alerts...