Scottcarney
EURUSD - Potential Bat Pattern on H4I see a potential bat pattern forming, as well as a possible triple top situation as PRZ is at the previous 2 rejected areas.
R:R at 1.2 (TP1) and 2 (TP2).
Please note that the FOMC and federal funds rate are coming up in less than 2 days, please trade with caution.
I will update if pattern completes.
GBPAUD - Shark Pattern Completion on Daily ChartA potential bearish shark pattern spotted another GBP pair.
RSI is already at overbought level, but we shall observe when market opens next week.
PRZ is at a good daily resistance level.
R:R at 2.9 (TP1) and 5.2 (TP2).
I will update if pattern completes.
GBPCAD - Potential Dual Pattern CompletionTwo potential bearish patterns completing at the same time :
Shark pattern in yellow (Spotted on both daily & H4 Charts), Crab pattern (spotted on H4 Chart) in light blue
R:R shown is for crab pattern : 2.5 (TP1) and 4.5 (TP2).
I will update the R:R for crab pattern as well both patterns complete. Stay tuned.
SNAP it Up < 15The long-awaited Deep Crab Pattern in SNAP post-ipo is here!
We are hitting the PRZ today = establishing The Terminal Bar!
We look STARTING TOMORROW for execution confirmation.
Utilize RSI reversal trigger AFTER this drop stabilizes.
HARMONIC PATTERN TIP:
The Crab/Deep Crab Pattern employs a 1.618XA measure but is frequently exceeded. I add a 1.902 "LAYERED" XA extension to gauge the "overspill" action.
In this case, I am looking in the larger 14-15 area - NOT JUST $15 as mentioned in earlier posts. This is a great opportunity for a post-ipo entry into SNAP.
More to come...