We have a bearish bat pattern on the daily time frame and a nice double top, better visible on the H4 chart to add some more confluence to the trade. We also have nice rejections from the S/R area @ 1.37453.The two targets are represented by the green lines and the SL is shown as the red line. Trade safe :)
AUDNZD still in an upward move. Support at 1.08472 seems to hold and comes at a 0.382 fib retracement level. Looking to buy if H4 candle closes as bullish engulfing, in line with the higher time frame trend (daily)
A bullish pinbar formed around the 0.618 Fib retracement level and showed rejection of an important S/R zone. First target @ 1.71856 Second target @ 1.72611 SL @ 1.70464
A bearish bat pattern has formed and has already been completed at the D point. Looking for a retest of the area around D to go short.
AUD/NZD is forming a bearish gartley pattern on the M15 chart. I am looking for the pattern to be confirmed at the D-point and looking for signals to go short around this area. The higher time frame context shows decent S/R levels around this area. Risk to reward (when entering around the D-point): 1:2 TP1: 1.07429 TP2: 1.07109 S/L: 1.08302
Bullish butterfly H1 chart. Looking to go long if price reaches the D-point. PRZ (potential reversal zone) around 1.36830. Higher time frame context (daily) shows an established uptrend.
Bullish butterlfy pattern GBP/USD. Looking to go long if price reaches the PRZ (potential reversal zone) around 1.36830. The higher time frame context (daily) shows an established uptrend.