slim7

slim7

breakout of the trendline head and shoulders pattern

slim7

the chart shows a bullish butterfly pattern. Price at potential reversal zone (support on daily time frame) first potential target 1315 (0.382 FIB retracement)

slim7

first target the 0.382 fibonacci retracement ; 1.63551

slim7

After the big downward movement i expect the price to do a little correction in order to test previous supports . first target at the 38.2 fib retracement from A to D

slim7

The price breaked out of the triangle pattern and confirmed the breakout with a pullback on the last resistance . There is a high probability that the price will go way up to reach at least the 0.618 fibonacci retracement of the downward movement 0.29568.

slim7

*buy opportunity after BREAKOUT of the trendline and a formation of a Head and shoulders pattern.For a secure entry wait for a candle's close above 1.2724. *potential targets( in order the 0.382 , 0.5 , 0.618 Fibonacci retracement of the downward movement ); -1.2817 (0.382) -1.2891(0.5) -1.2966(0.618)

slim7

*Bullish bat pattern Pattern (and possible formation of bearish butterly pattern ) *Price went out of flag pattern *after the big downward movement NEO has bounced at the 0.004 resistance level and changed the trend ; we can see a break out of the flag .

slim7

waiting for the breakout of the triangle a(a close above or under the triangle)

slim7

*bearish bat pattern *breakout of the trend line

slim7

bullish bat pattern

slim7

*possible formation of a cypher pattern (and shark pattern on the longer term ) *ABCD PATTERN ===>possible reversal point *good risk reward

slim7

*BULLISH butterfly pattern *head and shoulders pattern

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bullish shark pattern

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BAT pattern

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bullish bat pattern

slim7

waiting for a breakout (a close above or under the triangle) to enter

slim7

POSSIBLE FORMATION OF A BAT PATTERN , I EXPECT THE PRICE TO TEST THE PREVIOUS SUPPORT .

slim7

*long on EURUSD : _ Price at strong support _possible formartion of a cypher pattern -good profit/loss ratio