lyl89

lyl89 Updated 

I see a potential bearish shark pattern completing soon. R:R at 1.8 (TP1) and 3.3 (TP2). I will update with more details if pattern completes.

lyl89

A bearish butterfly pattern seems to be completing soon. RSI not at overbought level yet. Good R:R at 2.2 (TP1) and 3.8 (TP2). I will update if pattern completes.

lyl89 Updated 

This pair appears to be ranging, probably waiting for Draghi's speech tomorrow. Right now I am looking forward to this bat pattern, will update if pattern completes.

lyl89 Updated 

A bat pattern might be completing soon. PRZ area : 0.98876 to 0.98933 R:R at 1.3 (TP1) and 2.2 (TP2). I will update if pattern completes.

lyl89 Updated 

A bullish crab pattern appears to be completing tomorrow. R:R at 1.3 (TP1) and 2.2 (TP2). I will update if pattern completes.

lyl89 Updated 

After my previous bearish bat pattern idea hit TP2, a bullish bat pattern seems to be emerging. I will update when pattern completes.

lyl89 Updated 

Bat pattern has completed and reacted, but did not hit TP1. Notice price has dropped and hit PRZ again, however RSI is rising. This shows a good probability that the market will react to the bat pattern again. Furthermore, the PRZ area has been rejected on December, January, April and July. R:R is 1.1 (TP1) and 2 (TP2).

lyl89

We have RSI above overbought level. Price is declining at the current hour, wait for candle to close. If RSI goes back to 70 or below 70, consider to short. R:R at 1.2 (TP1) and 2.1 (TP2).

lyl89 Updated 

As indicated on the daily chart, we can see a triple top for gold. A bearish hammer was even formed at the end of Friday. There is a higher probability of going short, but we have to observe tomorrow's candle before considering to short. Short targets are marked out. If gold breaks above 1300, I will be looking to long. Let's observe first.

lyl89 Updated 

We see consolidation around 1.0828 to 1.0844, hence still need some time for pattern to complete. R:R for this gartley pattern at 1.5 (TP1) and 2.5 (TP2). I will update if pattern completes.

lyl89 Updated 

Posted a butterfly pattern for AUDUSD last week and about to hit TP2, do refer to the link of related ideas below. If it does, another butterfly pattern will then transpire. PRZ area at 0.79839 to 0.79878. Good R:R at 1.9 (TP1) and 3.2 (TP2). I will update if pattern completes.

lyl89 Updated 

Another completed pattern ending with a bearish neutral daily candle for EURNZD. RSI has hit overbought level, may have a chance for reversal but we do not have a clear signal to short yet. R:R is 1.3 (TP1) and 2.2 (TP2). Use lower time frames (H4 and H1) for better entry points, suggest to wait for price to at least get back to PRZ before shorting. Once again,...

lyl89 Updated 

Bat pattern has completed on Friday with RSI almost at overbought level. Not much movement on Friday, probably due to weekend, thus giving us a chance to short this pattern on Monday. R:R at 1 (TP1) and 1.9 (TP2). R:R for this pattern is not as attractive, so do consider if you are prepared to hold till TP2 for more profits.

lyl89 Updated 

I'm slightly late for this pattern, for those who spotted it last week should be enjoying some profits now. For those who have not, you may want to wait for price to retest at 1.26129. This is a weekly chart, try to use daily and H4 time frame for better trade execution. R:R at 1.5 (TP1) and 3.1 (TP2).

lyl89 Updated 

Bat pattern has just completed with RSI at oversold level. Do not buy now, wait for current hour candle to complete and see if RSI shows any sign of reversal back to 30. Alternatively, use 30 minute chart for good entry. R:R at 1.1 (TP1) and 1.8 (TP2).

lyl89

Short term trade, waiting for price to hit PRZ and RSI to hit overbought level. R:R at 1.2 (TP1) and 2.1 (TP2). I will update if pattern completes.

lyl89

A potential bat pattern is still in progress and on my list. I will update with more details or adjustments if price nears PRZ.

lyl89

A bat pattern seems to be completing soon, RSI is about to reach oversold level as well. R:R at 1.3 (TP1) and 2.3 (TP2). Patterns spotted on daily charts have much wider TPs and SL, do adjust lot size according to your risk appetite. I will update if pattern completes.