NZD/USD is about to complete a cyhper soon - or later. With US's rallies keep moving, a downmove in this pair is expected.
I will be entering short around .73000 level.
Happy trading!
Hey all,
Here is a bullish Bat pattern at market. I have labelled the legs that stand out to me and also drawn in the C-D Fibonacci retracement to show where targets are taken. Trading 2 positions and aiming for 2 different target levels.
Stop loss above X at a 113% Fibonacci retracement of X-A. With underlying trend so could aim for a third target at a retest...
Looking for a double top and all sorts of the selling goodness that comes along with it...LBVS!!!
100+ Pips BUY remaining to (D) PRZ
125+ Pips SELL @ (D) PRZ
Good Luck!
KEEP THE RADARS UP!!!
A harmonic pattern is forming right at structure. This is a great spot to place your order because you have a good idea where to put your stops. Also, since it is at the 4H channel, it can allow a move back down to retest the lows of the channel. Long term view is bullish.
EURAUD broke the downtrend. It is now pulling back to retest that trend with an advance pattern formation. These are usually good indicator to buy. I am expecting the retest of the weekly trendline. This is a swing trade. It is better to trade in between swings as well, with the intention of buying.
Cypher Pattern completion at 1.72052, Targets at the 38.2 Fib Retracement of the C-D leg with stops being at the 1.414 Fib Extension of the C-D leg.
Bat Pattern completion at 1.71779, Targets at the 38.2 Fib Retracement of the A-D leg with stops being at the 1.272 Fib Extension of the A-D leg.
Cypher Pattern completion at 1.69920, Targets at the 38.2 Fib...
