Bearish Bat Pattern, Entry at 137.51. SL above 137.71 and Target at 38.2 Fibo Retracement at 137.23
Gold has been retesting this structure level for quite some times. This is a good Risk vs Reward Trade. Structure Level was also previous resistance. We also got RSI Divergence. Target should be around 1302.
I missed this pattern in my previous Long Idea of this pair. However, it's too late now for reenter the market. It will be safer if we wait until double bottom. On Daily TF, we reach support (previous resistance) zone. Target at 38.2 Retracement of the pattern at around 0.8424.
A late entry for this USDCAD Bearish Cypher Pattern give us a better Risk vs Reward. Entry at Market, SL above 1.09641 and Target is 1.09141. However, if you want to play conservative, wait for double top to form before entering the pattern.
Price made a higher high although not high enough compared to the left. However, current price is testing previous support. So I think this is a great Risk vs Reward Trade. Also we got RSI Divergence here. On the higher timeframe (daily) the trend is still bullish with double bottom testing the support. I use a small 20 pips stop loss because if i'm wrong with...
Nice candle exactly at Daily Bearish Trendline. We also got RSI Divergence here. Good Risk Reward. Enter at Market, Target around 95.33. SL above previous high candle, around 96.00
Price is moving toward a very strong structure level at around 0.92300. Also 50 and 618 Fibo level at that level. Just waiting a higher RSI for a good short opportunity. The higher timeframe (4H) is also bearish and the price also made a lower low before this retracement. A good sign for trend continuation down
1) Big Cypher Pattern with entry at 1.09218, SL above 1.0949, TP 1.0898 2) Small Bat Pattern with entry at 1.09127, SL above 1.0924, TP 1.0899 It's your own choice to pick which pattern you want to trade:)
Bat Pattern Entry at 137.76. Stop Loss at 138.32 (slightly above 113 fibo extension) and Target at 136.99 (slightly above 38.2 fibo retracement)
Two area of possible short entry for USDCHF. Any opinion are very welcome :)
Bearish Trend Continuation, wait for price to retrace before making short entry. Be careful for SL because of previous high wick. Better use tight SL to maximise profit.
Price closed below previous low suggestion that this pair could go lower, we just have to wait for the retracement level before the price continue going down for trend continuation
Bearish Cypher Pattern at Market, Entry at Market, SL 87.83 (113 Fibo Ext) and TP (89.69 slightly above 38.2 Fibo Retracement)
CADJPY Bearish Cypher Pattern Completion, Entry at Market, SL above 94.69 (113 Fibo Ext), Target 93.82 (38.2 Fibo Retracement)
Price confluent with 3 fibo retracement. There are structure on left, support and resistance. Safer SL should be above previous structure high, 94.48, but I use smaller 1ATR SL at 94.22. First Target is around 93.63, second target is at previous lowest low for Trend Continuation
Price close higher than previous structure. Short opportunity around 50% fibo retracement at first resistance. Also ABCD pattern completion
Price is losing steam, increase with RSI Overbought & Divergence. Fibo Ext confluent with Fibo Retracement. Price is also at ABCD Pattern Completion. Good opportunity for short with Stop Loss around 95.60 and Target (minimal) 94.93
We got RSI overbought at 1H (my trading timeframe for this), RSI Divergence. In the higher timeframe, we see major structure on left. Also we got very nice fibonacci level :) I use 1 ATR for tight SL at 93.72. For safer point, actually better to put your SL above previous high, 93.80. My target is at previous low 93.02