As we can see on a 12months chart, there is a head and shoulder forming which if the next 2-3 months the previous low can break, we might get a fresh low at the end of OCT. On the other hand, a strong rejection from supply and demand area could cause a crazy uptrend.
there is a double top on H4 , but since the price closed above 2.24, however rejected from Bat 2.618 and it is a little bit hard to grasp when it will drop sharply. entry has to be opened when a daily candle closed below double top Mid part, otherwise, it means a snap up 1.618 Crab resistance which at that time a lot of article will talk about how EurAud spike...
Monday closed below 1.70600 and a pullback from H4 bullish Gartley pattern, this might be the last struggle from buyers ZXY has a Bullish Gartley pattern that indicates a retracement from KIWI and EXY is about to complete a Bearish Gartley Due to correlation with NZDUSD which has a confirmed bullish Gartley pattern DXY is forming bullish bat pattern C point...
A extreme price action for the bullish, seems like a lot of profit taking has been done. a high probabillty trade for a pullback. Reversal hasn't been confirmed yet, Nevertheless, head and shoulder formation on H1, but H4 big bearish candle is required.
TDI shows extremely oversold on Weekly chart! huge advantage, Ichimoku cloud on Weekly shows some buying cloud
it has various way of harmonic pattern, could be a bat cypher or crab. but regarding all JPY pair is going super strong this week, pull back will most like happen. AUDJPY completed the entire butterfly straight dropped 4 days and there is shark over there. BTW, we have a news on next Tue EST (NZD employment rate). wait for next Monday accumulation and TUE stop hunt.
stop hunting, trapping people, actually i was one of them who been trapped so bad lol. I've been stalking this Gartley from APR 17. It was completed on last Wed and instantly dropped on Thursday. Apr 19 starts accumulating orders and what it happened on Mon i guess its for those breakout traders who was late for the bullish party. Apr 23 wicked downside and then...
waiting for head and shoulder formation
NEWS busted out all the sellers, wait for the very top and reversal
13 days free up no significant pullback seems a little bit far-fetched, 4 weeks up and approching 1.075 quarter point stalls out at the resistance area meanwhile forming head and shoulder. It might be a good opportunity to short it with large Risk Reward Ratio. looking for reversals and TP at 1.05.
take a look on H4 the butterfly seems pretty solid and there is a Gartley on Weekly + daily chart. very attractive Risk Reward ratio.
butterfly 1.414 hit as usual , H4 we can clearly see a head and shoulder, news spike stop hunt perfect! AUD employment data has been released positively means the price has been marked up. On the other pairs, a shark pattern on Aud/Chf and a head shoulder on GBP/AUD.
Usually butterfly's C point will be consolidation, wait for pullback and stop hunt for the entry
Got frustrated with other pairs and resulted in a huge Draw Down from last 2 weeks. Switch back to GA and found out how good it was from past 2 weeks.
2 huge spike at 1.85 resistance, overshoot shark D point a little bit and close below. nice clue!
Not sure about your guys, I caught up short position on H4 at 1.84351. Base on 1D Gartley pattern D point 78.6 and H4 imperfect butterfly D point plus Shark 161.8 C point. And then Price perfectly hit the previous High structure also took off all the early Gartley pattern seller's SL on Thursday. The price seems too sweet at the moment since there was a Head and...
Not a ideal Shark pattern but worth to try tho, The price is struggling at 1st PRZ looking for long