Bouncing off weekly TL, heading for a Shark pattern. OBV about to cross into positive. Corresponding 5_0 pattern is a long shot, but worth a look.
Expecting a short-term reversal at Fibo Ext and Fibo Ret confluence. Well defined trend lines forecast a Gartley pattern (still to early to call).
Bullish Bat Pattern coming off a successful Gartley pattern. USD seems to be strong lately, so I don't expect a reversal. Waiting for bullish candle to enter.
EURGBP Bearish Bat pattern.Waiting for sell signal on lower timeframe. Stops above X .
EURUSD climbing towards resistance and the 886 retracement. RSI is entering oversold and has slight divergence. Entering position on bearish candle pattern on a lower time frame within the PRZ. Hoping this travels back towards the 200 EMA. DXY is also heading into major support area.
EURGBP Gartley with AB=CD in both time and amplitude. RSI is also at Oversold. Trade at your own risk. I'll be opening a position after the post-election action.
USDCAD Nice Bearish Cypher feeding a Bullish Bat pattern
Loonie is currently correcting. Bearish divergence on RSI. I'm expecting this to continue upward and complete the 5th wave of the flat correction. Waiting for confirmation of the reversal somewhere below the lower trend line (perhaps a pullback of some sort). The E wave may not be the last leg of this correction, so expect more sideways movement.
Nearing the end of the second complete Elliott Wave on this pair (at least IMHO). Previous waves showed tell-tale divergence at the 5th wave. There is a possibility of this actually becoming a 3rd wave. But if the past is indicative, it's more likely the C leg of a corrective structure, we'll have to wait and see. I'm looking to enter this trade on a bearish...
Pair seems to be in the C-Leg of the correction. Could also be a 3-leg of the impulse. Kumo cloud is used as S/R. I entered this trade a little early in lieu of NFP. Normally I enter at the break of the KS (Blue Line).
Looking for pair to bounce off of previous support. Pretty clear divergence shown on RSI . Resistance levels are also well defined. SL @ 1.5x ATR
This is more of a "Concept". I am a complete newbie, just looking to validate the concepts of these patterns. Please feel free to comment and critique. I would appreciate the feedback.