Bullish cypher is forming in GBPUSD 4h-chart. Missed the highest price at C (1.3443) to trade the CD-leg. There is a smaller cypher pattern forming (green colour). Entry point to short around 1.3409 all the way to 1.30.
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Downtrend - S/L 0,76250, T/P 0.71500
They say Americans do not drink from the small dishes
We expect to a have a retest of structure, then up to our previous resitance, and then hit our target :)
Is this a possible AB=CD Pattern? The last structure to the left is back in May/June 2015. But we are not oversold, so I am not shure about this pattern. Maybe if we double bottom, there is a long opportunity. Thanks for your suggestions and kind regards, Funkymonkey
Potential Gartley and ABCD harmonic patterns to trade plus the completion area of gartley at a strong resistance area. Like if you agree and you're welcome to share your opinions.
Market is trading below a significant resistant since sept 2015 plus there is several possible patterns. In the red is a good area to go short. This market prediction is just my opinions. If you agree hit like button, or you can share your view.
USDCAD short Open 1.3650 SL/ 1.3751 TP1: 1.3521 TP2:1.3430 TP3:1.3353 TP4:1.3316
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Potential AB=CD confluenced with low RSI(7) (actually very very low!) - I think somewhere here should be great time for bounce back. Limited support from S/R zones - couldn't find anything really strong. Also it should be noted that on higher timeframe there are some bigger correction 'objects' - one of them is 1.27 of ABCD of here - so there is some chance this...
Selling third wave below one pip of wave (1). This trade is also valid according to AB = CD pattern.