here you can see the triangle breakout caught. Rose up to inflection point at $8189.00
then produced nice breaish Hammer Candle and I closed out for around $650 gsain
Went shot for a quick retrace to the 61% fib level and coinsiding with moving averages. This produced another $150 gains
New order placed for just above 10SMA to catch next run up to $8220.00...
Could be a nice cypher pattern forming on CHFZAR this week.
Looking for the drop down into the target zone then the bounce back up.
I think I've got the Fib numbers right this time, but as always looking forward to any feedback more pro traders observe.
happy hunting this week.
Its amazing how the charts seem to create these symmetrical patterns and structure.
Maybe this will push back up to $6000 range - could drop like previous structure or push up further;
who knows with Bitcoin
This is just structure recognition, not based on any solid numbers or science - just good old fashioned support and resistance, trend-lines and price...
Hi all
havent played around too much with these bat patterns.
hoping for a repeat of the price action here
drop to support - then hoping for the bounce up to target zone.
let me know what you think - have I plotted correctly?, does it seem ligit??
thanks - have a great weekend
Appears to be a nice shaoping Dbl Top on this Pair
Daily shows congestion around 0.7200 and 0.7300 range - similar structure in June/ July 2017
Plan - trade the rise to top of congestion and watch for the pull back, set short for the bounce off Resistance in blue box.
Should get target around 0.7150.
Hopefully.... Thoughts anyone??
Looking for a continuation of the range between 110.800 and 114.000.
Large upside on longer term trade.
smaller time periods will also give trading opps on the way up
