Scottcarney
USDJPY - Potential Bat Pattern on Daily ChartA bullish bat pattern is about to complete, RSI is already at oversold level.
PRZ is at a good support level.
Not ambitious on this on as the Commitments of Traders reports on USD shorts have risen.
DO note that federal funds rate and NFP announcements will be released this Thursday and Friday.
Please trade with caution.
R:R at 1.8. Good luck.
NZDCHF - Potential Bat Pattern forming on H4 ChartA potential bullish bat pattern is completing very soon with RSI at oversold level.
PRZ is also at a good support level.
However, we still need to see some price or RSI retracement upon pattern completion to decide.
R:R at about 1.7. Good luck and have a good week ahead.
GBPUSD - 2 Potential Harmonic PatternsTwo bullish harmonic patterns might be forming.
The blue pattern represents a Gartley pattern while the grey pattern represents a Bat pattern.
The Gartley pattern might react first as RSI is currently at oversold level.
Both PRZs have been marked for your reference.
I will update when I'm free. Good luck.
AUDCHF - Dual Pattern Completion on H4 ChartA bat and butterfly pattern has completed and reacted slightly last Friday.
Price has pulled back to PRZ, a good time to long again.
I will not be awake to when the market opens, traders who are awake can take note of this setup.
Price seems well supported at the 0.755 to 0.757 area.
R:R based on bat pattern at 1.2 (TP1) and 2.2 (TP2).
Good luck.
USDCAD Gartley setupIT IS AN EARLY SIGNAL, it needs first to reach the price, and then, to show some confirmation on price action, after that, then we can short USDCAD, i liked this setup because as the pattern is a bearish one, so is the trend and the EMAs, so i think that IF IT SHOWS CONFIRMATION, we can even reach C level with a nice trade management, i will follow that trade on the Telegram Group, so if you're not there, join now! I made that group yesterday
EURUSD - Butterfly Pattern Completed on Daily ChartA bearish butterfly pattern has completed with RSI at overbought level.
Current daily candle and RSI are dropping at the moment.
Good to short using H4 chart or wait till tomorrow.
Note that this is a counter-trend trade, do trade with caution.
R:R at 2.85, not looking at TP2 as it's counter-trend.
Good luck.