Price has reached 1.27 fib extension. Trendline should act as resistance and, based on my Oil long opportunity idea, this pair could retrace to approx 0.9000, which corresponds to 0.382 fib level. RSI in overbought territory. Nice confluence. Good luck !
Oil should test the trendline support early next week. Based on previous structure, we might see a bounce on the trendline which would also coincide with a 1.27. fib extension. RSI is in oversold territory as well which gives this scenario a nice confluence. Good luck.
AU found support at 0.72. RSI is pretty much in Oversold territory. I expect a bounce to previous resistance at around 0,728
Bearish Gartley at Resistance with RSI Overbought. Good Luck !
Support reached. Morning star is currently forming. RSI Oversold. Good luck !
I mostly scalp Morning and evening stars. This is a very good "specimen" ! Evening star at resistance level and RSI overbought. Good luck !
Based on this ranging channel, this pair should rally up soon ! Also RSI is in oversold territory. Good luck !
Based simply on trendline support and RSI Overbought. Good luck !
This is just an example of how I scalp using only price action, candlestick patterns and S/R. No need for any fancy indicators !!
A bullish Bat is about to complete !!
This bearish butterfly has just completed at around 1.3. Potential short. If we look at price action, there is a shooting star bar on the Daily chart, a doji followed by a bearish engulfing pattern on the 4h chart ! Talk about confluence ! The dollar still seems strong so a small retracement is possible before a bounce back to reach new highs ! Potential...
Potential Bearish Gartley Pattern. The fib ratios are almost perfect so far. PRZ confirmed by previous resistance (red arrows). First target at 1.2784. Second target at 1.2759
Bullish Bat Pattern. PRZ is located at previous support which gives good probabilities of a reversal.
Two consecutive bearish Cypher patterns ?!?! Be prepared to short at 0.8432-0.8434 !