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240mins

USDCHF Confluence Trading/ Advance Pattern Opportunities Overall in a bullish trend, we have some price rejection @ .98293, a strong resistance level. We have a few opportunities to capitalize on minimal risk trades above that resistance level to the downside. 1. I have a ABCD pattern with a D completion @ .99170's giving us a 1:1 market ratio move. 2. We have a Gartley pattern completion in the same area that completes our ABCD pattern giving us a nice confluence area. 3. In order for the larger Gartley pattern to remain valid we need our C leg to terminate anywhere in between the .382 and the .886 Fibonacci level of our A-B move. The highlighted box is also the highest level the C leg can go to keep the larger pattern valid. The .886 level adds another confluence to our target area, validating every pattern shown.
by CroomFX
EURJPY 240min TCT & Bat PatternLooking at the HTF I believe that EURJPY will continue higher up the 131.000 area. Market is in a Bearish Trend on the HTF and it appears we are setting up for a complex pullback. With that in mind, I'm bullish on the LTF and want to buy pullbacks. I will be looking to take a long around the 125.750 level IF we can pullback that far. I will also be looking to involve myself in a Bearish opportunity if we get up to the 131.000 Level. This will position me with the underlying trend. So right now I have the Market Bracketed and just waiting for it to make a move. Hope this helps! Happy Trading :)
Long
by PateSkpate