


ForrestForex
-We have a bearish flag and and a bearish butterfly forming on the daily time frame. -At the D point of the bearish butterfly, we hit the 2.0 fib level, and got an instant retracement, which let to form a shooting star. -On the 15 minute time frame we have an ascending channel that is current forming a bearish pennant. If this pennant breaks to the downside, it...
We have 2 ascending triangles back to back. Looking for a breakout within the next few month, let's see what happens.
I am really liking this setup. Exactly at the 2.0 Fib level on the D point, we got a nice reversall. Watch price action when the market opens, this should be a great short all the way back down to the bottom trend line.
SL-18.834 TP1-17.945 TP2-17.604
Bat formation on AUD/USD SL-.7709 TP1-.76400 TP2-.76086
15 minute chart. AB=CD pattern . Hitting all of the fib levels. Flag appears to be forming for one more upward movement. Could be a good scalp. Give a thumbs up if you like my charts!