We don't analyze this pair many times, but I noticed possible head and shoulders pattern forming on 4h chart. Head and shoulders is a reversal pattern that, when formed, signals the security is likely to move against the previous trend. Price just need to form right shoulder. Please keep watching for the updates.
Double top forming potentially Wicks telling a story Really nice reversal candles forming at Monthly Res
Deep Gartley pattern with good risk/reward ratio Sell limit order pending @1.27 fibonacci extension of AB leg. SL: 1.13 fib inversion of XA leg. TP: 0.382, 0.618 of CD leg.
Short cypher pattern on 240m timeframe. Entry @0.786 of XC leg. SL fib inversion 1.13 of XA leg. TP: 0.382, 0.618 of CD leg.
Continuation pattern I expect the pair to move down to next fib level as highlighted. Feel free to like/comment CHeers
was out for a lose on the last gartley. Straight back in on this one if it gives me the chance. Need to wait until the market runs up further than normal entries because it is beyond my maximum risk.
Tonight I'm looking at a short cypher on the euro-aussie. Price is meeting the trend line which has been hit by previous highs. Cypher ratios: B: 0.382-.618 C: 1.272-1.414 xD: 78.6%
-rsi overbought -bearish gartley completion
1 hour chart shows a clear H&S , the trend in down on all MA,10,20,50,100 EURAUD -0.12% has a target in 1.40043 so this is a short term H&S
could be a good chance for a nice sell setup. lets see if the market hit the target.
After hitting resistance at 118.6, price has been in a downwards trend. Admittedly I have recently been looking for setups that support a bullish dollar and retest resistance at this level. This has not happened and I have decided to look at the potential set up that continues the weakening of the dollar and this trend's downtrend since the beginning of the year....
USDCAD BEARISH FLAG CHART PATTERN SHORT term. wait the touch of the montly resistance 1.3400,place your stop loss at +-1.3460. good risk reward trade
Price with this pair has began to range- the ideal market for harmonic patterns! Among the chaos, we have a bearish bat formation- expecting price to drop from around 1.12 to 1.06, a potential return of 600 pips! Stop loss just above the high prior to the X point but still keeping the 1:2 risk:reward! Bat ratos AB: 0.382-0.5 BC: 0.382-0.886 CD: 1.618-2.618 XD: 0.886