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Kiss_of_death

EURJPY: Bearish Bat Pattern Into 2618/Kiss of Death TradeJust broke this pair down in my Live Trading Room. After looking at the LLLC of the triple top highs, our traders were gearing up for a potential 2618/Kiss of Death trading opportunity. As we dug a little deeper into things we noticed that if we got the retracement back into previous structure then that 2618/KOD would be bet with a bearish bat which could be used as an entry reason. If price action goes the opposite direction (or retraces and then makes a bearish dive) we also have 2 more advanced pattern waiting for us lower. A bullish Cypher and Bat pattern
Short
by Akil_Stokes
3
Standard Price Channel Interplay | $NZD $JPY #RBNZ #BOJ #ForexFriends, Today, I tweeted several signals and commentaries on this pair, looking at a smaller 4-hour timeframe, compared to this bird's eye daily view - Here is the original signal: twitter.com The interest in the first 4-hour timeframe had to do with the development of a bearish Kiss-of-Death, which carries a high rate of success in moving in its intended direction - If you looked at the chart, you will see that so far, the 4-hour candles have held quite well and price had already moved to the downside - Here is a shot of the screen: Turning to the daily timeframe, the interest here is to appreciate the technical environment in which this minute 4-hour event is taking place. Now, knowing with some slight degree of confidence that the KoD is likely to let price roll down, one should also appreciate the limited downside potential, which is imposed by a long-standing supportive trendline (green-dashed line of the channel). The importance of this trendline is not that it helps define the channel, but that it has a through-and-through perseverance. In other words, this lower channel border courses through the screen and pretty much walks through a counter-directional channel as if nothing were. In other mitigated cases, price would have formed what I have called a node or nodule, where the diamond-interception of two channel would cause price to consolidate as the market "makes up its mind" in regards to the directional outcome. Here, there is no pondering in price, so to speak, and instead, price steam rolls its way up and up. Therefore, one has to consider the possibility of a very limited downside to the KoD, based on the resilient nature of that price stomping its way with gusto. I will continue to insert commentaries and updated charts of this pair using either this daily - but more likely the 4-hour frames - as we follow the development of the pattern. Thank you. David Alcindor Predictive Analysis & Forecasting ----------------------- Twitter: @4xForecaster -----------------------
by 4xForecaster
4