There's a deep crab in proccess at this moment and the candlesticks and price action seems to react to this zone. I think it would hit TP1 and then continue to fall. So for short periods, I see this pair with long opportunities. Pay special attention to 1.045 as it could act as a resistance. Do you have any other ideas? Let me know on the comments.
There's a bat pattern on USDCAD. We sell and placed it because of bearish candle confirmation. TP on the first TP of the bat pattern. There's also an alternate AB=CD in which is the 0.782 retracement with the 1.618 projection. Do you guys have other ideas or any more confirmations? Let me know on the comments.
We have a nice bearish butterfly forming on the CAD/JPY pair, Intermediate Timeframe is 1H, Major is 4H and Minor is 15M. I expect this pattern to complete within the next few days. The following are the things I like to see confirmed before taking a trade: XA Retracement Is: 1.272 BC Projection is: 1.618 Alternate AB=CD is: 1.13 Stop loss level is measured...
We have a nice bullish bat forming on the GBP/USD pair, Intermediate Timeframe is 1H, Major is 4H and Minor is 15M. I expect this pattern to complete by the end of this week (01/07/2019) The following are the things I like to see confirmed before taking a trade: XA Retracement Is: 0.886 BC Projection is: 2.618 Alternate AB=CD is: 1.618. Stop loss level is...
I want to see sharp and quick bounce the zone you see at the chart. Your SHORT entry is after completion of reversal point D - volume and candles will help you to decipher this point. Your stoploss is above the point D. Target zone is on the chart. I recommend to conservative traders close first profit around 10%. Good luck to all!