Potential Dragon Pattern. Hump hit 0.382 FIB (HH-LL). My main entry signal will be a bar that closes above the yellow close-to-close trendline.
www.tradechartpatterns.com
Though being slightly incorrect wolfewave, it appears to be a good opportunity for sell entry.
Opened short at 1.29568/1.29593 TP 1.2832 SL 1.3052 (If 2-4 line is broken, SL will be moved to right after the peak point 5.)
GL All!
ABCD-Pattern completed and formed some kind of false breakout / fals double bottom at closing
50% Fib retracement comes at resistance which is a good profit target. THe close if this 4h candle will privde further decision arguments
Hi TradingView community!
Here we have a bullish shark pattern on AUD/CHF 0.97% visible on the 4 hour chart.
Conditions for a valid shark pattern are:
AB leg extends OX leg between 1.13 – 1.618
BC leg extends beyond O by 1.13 of the OX leg
BC leg is also an extension of AX by 1.618 – 2.24
Trade management:
Take profit is set at 0.382 and 0.618...
Hi TradingView community!
Here we have a bearish butterfly pattern on NZD/CAD-0.28% visible on the 4 hour chart.
Conditions for a valid butterfly pattern are:
AB can retrace up to 78.6% of the XA leg
BC can retrace between 38.2% – 88.6% of AB
CD can be an extension of 1.618% – 2.618% of AB
CD can also be an extension of up to 1.272% – 1.618% of XA leg
...
Hi TradingView community!
Here we have a bearish bat pattern on EUR/USD visible on the 4 hour chart.
Conditions for a valid bat pattern are:
AB leg can retrace between 0.382 – 0.5 of XA leg
BC leg can retrace between 0.382 – 0.886 of AB leg
CD leg can retrace up to 0.886 of XA leg
CD leg can also be an extension of between 1.618 – 2.618 of AB leg
Trade...
The recent nonfarm payrolls event completed an inverse head and shoulder pattern on EURUSD . I will look for a good entry now.
Target is just around 1.14000
NZDCAD has formed a Bearish Cypher Pattern. Still waiting for everything to line up for a possible entry. As always, Thanks for checking out my ideas and please comment and like. I am also available by PM if you have any questions.
