PRZ as Gartley/AB=CD pattern on CHFJPYThere's a Gartley pattern with an ideal AB=CD pattern. Honestly, because CHF has been getting stronger these days, I recommend TP1 which is 130.620. SL will be the X point. This could be a small retracement, but if it continues, then it would become a bearish market.
Harmonicforex
JPYUSD Short Time Frame: 4H
Symbol: JPYUSD
Entry: 0.007856
TP: 0.007563
SL: 0.008099
Bias: Short
As we see the current price structure of this pair is gaining some bullish strength which is waiting to culminate in a short opportunity. This sudden surge will not sustain and it will come back to it's established direction.
PRZ as AB=CD on EURUSD to buyThere's an ideal AB=CD pattern on EURUSD formed on 30 minutes time frame. I think it's a good idea to buy, but to aim to 1.05100, SL can be low (1.04500). This is an ideal AB=CD because it has proportions 0.618 retracement and 1.618 projection.
Do you have any other ideas? let me know on the comments.
Thoughts on AUDJPY (Bearish position)There's a gartley pattern at the moment. The market has been kind of bearish since the top high made on daily. I think the market will go to TP1 and TP2. Target 1 would be 89.680 and the second target could be 88.79 which are harmonic ratios. Also ir seems there's a small M (double top) pattern in lower time frames on AUDJPY.
Do you have any other ideas? Let me know on the comments.