After hundreds Of pips drop, EURUSD now has arrived at a potential reversal zone. As is shown in the chart, currency pair EURUSD has formed a bullish Bat harmonic pattern. And at the potential reversal zone, a bullish bar showed up with the breakout the RSI trend line. So now maybe we could find a small retracement to open a long position. Wish we could be lucky.
EURUSD started a rebounce as expected (See last EURUSD idea) in a convergence of two AB=CD pattern. ( 1.184-1.186) And now we need to pay attention to 1.204-1.206 area first, to see whether a 5-0 pattern will form to lead to a further drop. Also, a daily demand zone is also at 1.205 level. Wait for further price action. Good luck.
A big bearish crab and a small bearish AB=CD has led NZDCAD to fall from 0.931 level and from the chart we could find that a bullish channel was broken. Currently a bullish butterfly was formed and some retracement was expected to happen. Find a short opportunity after retracement.
Bullish AB=CD + Deep Crab Pattern As attached in the Fig, currency pair EURCAD has formed a bullish opportunity with the convergence of Bullish AB=CD and a deep crab at the position, which is also former low level. Next monday I will look for price action for potential buying. Good luck~
With Bullish DXY and Weak CHF recently, the pair USDCHF has formed a SHS bottom which has already been beakon and corrending bottom has formed. Here comes a potential bearish position. As attached on the chart, a bearish crab pattern was going to form with a AB=CD with a convergence at 0.915. Let's pay more attention.
NZDCAD Convergence of the PRZ of Bearish butterfly and Crab. Also, candlestick has broke the trend line. Short it again.
Bullish pattern potential reversal zone, former low support, and a trend line support converge. Long it or not, it's up to you. Good luck.
AUDCHF has arrived a nice position for short. Convergences of : Resistance of two bearish pattern, Bearish Crab and Bearish Bat; Horizontal Resistance; Long term trendline resistance. No trede is of 100% success, control your risk and take action.
As is shown above, DXY has finished bullish Bat and a deep Gartley and break a small treadline. Consolidation has been sustained for a long time, it's reasonable to believe that DXY will bounce from level. So corresponding currency pair could find their own direction with the upward movement of DXY. Good luck.
Busy with work and forget to share this idea. AUDNZD currency pair has bounced from a support level and break the trend line. Bullish Bat did not disoppoint us. After the QE news in the morning of Australia, AUD starts flying together with stock markets like spx, NASQ and DJI...etc.. Already has long positions with this pair and if you don't, find a...
Bullish harmonic pattern works, and EURJPY has bounced from support level and break the trend line. Buy directly or buy retracement with this currency pair. Good luck ~~~
Convergence of three bullish patterns of USDJPY. Already got long positions at 104.1--104.2. Trend line has already been broken and will follow the chart to see further break up. Good luck.
Pay attention to the potential long opportunity of EURUSD currency pair. Bullish Shark and Bullish Crab converges at 1.157. Act according to the price action. Good luck.
EURUSD has broken the tread line and give a 50% retracement. Currently price has arrive at a combination of 50% retracement and a horizontal support, and also, a double bottom seems to be formed with rsi divergence. I'd like get a long position with a small SL.
USDJPY has pulled back the formed support which now has already become a strong resistance. 0.382 retracement from 06-April high. Berish Bat: point D range (1.618AB=CD 2.618 BC Projection 0.886XA retracement) However, no divergence of indicator has been observed. I'll short USDJPY with a small SL.