30min
Butterfly on USDJPYUSDJPY Butterfly pattern which can be entered when the markets on Monday. B point at 78.6 of XA and C point at 50.0 of AB. Price has not hit the 1.272 of XA leg which is the main ratio for a Butterfly pattern. It has completed a AB = CD. Looking for an entry first thing on Monday, check out for the entry on Monday !! Until then happy weekend!!
NZD/USD Dead Cat Bounce 30min and Bullish Cypher on the 240minThere is a Dead Cat Bounce on the 30 min happening right now. Price retraced to the .50 fib, you can use which ever level you like, I like the .50 and .618 fibs. I am currently short (.71391) because of the big bearish pin bar and the shooting star candles. I have my stop just above the current swing high at .7160 and my target at .6985. There is also a Bullish Cypher Pattern on the 240 min. It completes at .6808, I will have my stop below the level at .6765 and targets at .6995 and .7110. Good luck trading out there.