The Day chart has shown the setting up of a Bullish Gartley. If price drops to 0.66729, retesting previous low structure, then, given the consolidation period we have been in, I would be looking for an entry to Buy into the Gartley with T1 at 0.6770 and T2 at 0.6830.
Currently sitting on historic structure support. In consolidation and no confirmation of trend reversal or continuation so the assumption must be the trend will continue until the market shows otherwise. Therefore if the price continues down the next target will be a retest of structure at 0.89057 initially and then 0.88356. A break and close below 0.88356 will...
EURJPY trading in an bullish channel (D1). Long term direction is Bearish so expecting a breakout and re-test of structure at 115.881. Right now there is a setup for a Bearish Gartley, entry at 121.076 and targets at 120.378 & 119.947 potentially.
1D - Bearish move not yet violated. Bearish Trend remains in tact. Therefore Bias is Sell. 240M - 1 to 1 measured move results in a target at previous structure support. Target is 64.770. Looking for entry - current pullback may be a double top which will confirm with a break and close below 73.594. Waiting for the confirmation and pullback (possible 2618) to...
Double Top formed and confirmed with a break and close below the V. Retracement heading towards 61.8 and setting up for a 2618 Bearish move back to 1.08991 and a continuation down.
Bullish Gartley setting up, RSI Divergence suggesting Bearish move to entry at 1.44976.
Looking like a setup for a pullback before continuing lower
Bearish Cypher setting up. Completion at 110.688, T1 at 108.299 (or just above 108.300) and T2 at 106.834.
Bullish Trend with a possible Cypher setting up on the Day chart. Area of consolidation above 0.85759 - looking for a breakout and confirmation of bulls in control. So far it's not giving the game away. Waiting for Brexit no doubt!
In consolidation. Recent high has broken previous structure high at 83.238 and is in a bullish trend. On the Day chart this is the last leg of a BAT pattern looking at completion of the D point at 102.765, quite some way off. The recent reversal in the "kill-zone" box has seen continuation of the bullish trend but has yet to break the current highest point at...
Bullish trend continuation after a complex pullback. Predicting bullish move to retest highs at 0.69256 and a push on to 1.272 extension at 0.69625.
Bullish Trend continuation. Pullback to a double bottom and 1.272 Extension. Predicting continuation Bullish with current low at 74.608 not violated and a re-test of the high at 75.579. Target at resistance of previous structure around 76.144 and confluence with 1.272 extension taken from previous lowest swing (69.978).
Post Double top, confirmed at the break of 1.1073. Overall Bearish trend. Looking for a re-test of the resistance zone at 1.117950 - 1.10730 - and looking for a 2618 pullback before continuing south to break current low at 1.10166.
Price is at an all time low support. Trend is bearish . RS is oversold. Looking for a double bottom with supporting RSI Divergence to enter NBM for a Buy opportunity. Target is previous high. If trend continues Bearish then looking for a pull back into the kill zone and move back to trend - this could also be part of the formation of a double bottom and trend...
Bearish Gartley Setting up for GBPJPY - targets: Limit at 142.100, Stops at 142.671 and T1 = 141.483 (61 pips), T2 = 141.094 (100 pips)
2017-06-24 Inverted Shoulder Head Shoulder pattern formed, Break and Close above Bearish Trend line indicates possible reversal. If price action retests SHS neck line and continues bullish then target will be 1.12755 74 pips away. Good R/R ratio on this.
Waiting for break and close above 111.344 to confirm breakout. Target will be 112.120 for 77 pips.