EURUSD - 4 HOUR Classic Butterfly SELL PatternClassic Butterfly SELL Pattern formed in EURUSD 4 HOUR Chart.
170 pips of profit potential.
Reward/Risk = 3.1
Advancedpatttern
GOLD - 4HOUR(240) -Classic AB=CD BUY LONG BIG Rise Expected.Picture Perfect Classic AB=CD pattern completed.
RSI showing bullish diversions.
4444 pips over rise expected.
Reward/Risk = 3.46
Cypher partten 0.382 profit. Still selling to 0.618.Cypher partten valid. Go Short to find the next structure.
EURJPY Outlook for the week 26/12/16Firstly Looking at the Weekly and Daily Charts we have come into an Area of resistance.
We have started to see a bit of a bearish move on the Daily, looking on the 4 hr we have a few levels lining up.
We have had a 618 retracement, looking at the Fib Extension of the first impulse leg down and the Fib Inversion of the pull back. The 1.27 and 1.414 levels all fall in an area of previous structure resistance on the Daily.
We have a possible Bear Cypher forming its C completion at the 121.10 level and the C to D leg of a cypher would see us back up to my weekly Key level.
Will watch on the lower time frames to see what happens and for possible entries
Bearish Bat Pattern Setting up on EURJPYThe EURJPY pair has been on an absolute rocket ship recently, looking at a potential opportunity to short here. An aggressive entry would be right at 123.40's, I like to wait for conformation from price action at advanced pattern completion points; however, this is just an idea, one should not trade this set up should they not have a trading plan specifically for these kinds of set ups!
