First orders have been filled as price was hit back pretty strongly. Usually price comes back into the entry area ad provides more beneficial entries than chasing the price at this stage
Just a little (v) away from the turn into the first correction of Intermediate wave 3
Going short after hitting resistance.
AUDJPY H1 - Bullish Bat Entry: 89.684 Stop: 89.055 Target 1: 90.505 Target 2: 91.007
The EURUSD pair has been gaining some pips and seems to try to reverse the downward trend. I drew in this bat pattern on a Renko chart because it looks a bit cleaner than on the standard candle chart. Completion as always for a bat pattern is at the .886 retracement of the impulse leg. You'll see that I drew in 2 X-points to show that it doesn't really matter...
Looks like EURAUD is giving multiple signals to sell. RSI is now in the overbought zone. But which pattern to take? Bearish Gartley(Blue) Entry - 1.45153 Stop - 1.46240 Target 1 - 1.43379 Target 2 - 1.42283 Bearish Gartley(Purple) Entry - 1.43251 Stop - 1.43400 Target 1 - 1.41859 Target 2 - 1.40999 Bearish Cypher(Orange) Entry -...
Short Trade....Triple Top? I think it may be a bit late to do this however I have been thinking about shorting the AUDUSD all morning. I think that it is still a good short and you can still make a further 40-50 pips. I would looking to get in at around 0.87900 (if it comes back). If it doesn't then afraid this position may be too late. As I wrote this...