Completed
IOTA: IOTUSD Continuation pattern completed, back to positiveIOTA IOTUSD Positive whilst tracking dynamic support
Nice continuation pattern now completed on Iota ...buy off
the support line and look for retest of highs. Only turns
negative if the dynamic supporting the new rally gives
way...so stops under here
Target 1 Bat Pattern WinnerHey all,
Heres a Bat pattern that I forgot to publish but was a trade taken. It's a small Bearish bat pattern on USDJPY. We managed to roll over very pain free to target 1 however then moved back up to break even stopping us out.
For those who don't know, I like to trade 2 positions per trade with 2 targets. Once target 1 is hit, I then move the stop loss on target 2 to break even so it becomes a risk free trade. Still bagged us a nice +47 pips.
Fibsii
Elliott Wave Analysis: Big Triangle On EURUSD CompletedEURUSD is turning sharply lower from the 1.1300 level where pair had finally accomplished a big and very long sideways pattern. It was a triangle which is now completed because of a decisive break beneath the blue wave D swing at 1.0847 level three weeks ago. As such we are now even more confident that bears may gain more momentum and in weeks ahead, make a decisive breach below blue wave B.
On the Daily chart we can see waves (1) and (2) completed, and if this is the case then more weakness may follow in weeks ahead into wave 3.
An overlap with 1.0873 would suggest that price could still be trading in corrective wave (2).