GBPCHF has completed Bullish Bat Pattern and is forming a Potential Bearish Cypher.. Can be traded on both ways Long & Short.
USDJPY Bearish Gartley Pattern Completed on 30 Min chart.. Go Short
USDCAD Formed a Bullish Gartley Pattern.. Go long
GBPUSD is forming a Bullish Cypher Pattern. One can go long as it has minor structure support at Pattern Completion with Risk Reward defined.
NZPJPY is forming a potential Bullish Cypher.
AUDCHF is forming a potential Bullish Cypher Pattern. Go long with Risk Reward shown on chart..
EURAUD forming a potential Bearish Cypher Pattern. We can go short for targets at .382 and .618 FIB Retracements.
Gold is forming a bearish gartley pattern. Going short with Risk Reward and 2 targets.
EURJPY completed AB=CD pattern with targets at 61.8 FIB levels. It is also forming a Bearish Cypher Pattern.
AUDCHF Bullish flag breakout done.. A potential cypher pattern forming which will test the breakout of bullish flag breakout.. A good buy zone with potential target being the top of flag formation.
GBPJYP is forming a Bullish Cypher which when completed can form Potentially another Bearish Cypher,, So one can take long position and ride till 0.786 retracement as shown and then take the short positions for targets to 0.618 retracements.. Lots of opportunity to trade if patterns work out as expected.. Happy Trading!!
Dow is running weak with a rising wedge pattern. From 2008/ 09 lows inverted FIB 1.414 around 17400 would be a resistance. Considering this rally as a Wave B correction rally from 2008 Lows we can expect a big crash going to as low as 11300 on DOW. The short term correction would occur till 16300. Trade with Caution. Take partial profits on your portfolios. Good...
Buy with break of Neckline for targets.
EURNZD forming an inverted H&S pattern. One can go long with the break of neckline with targets around 1.5620
USDCHF to find resistance around 0.9000 with AB=CD Pattern Completion and FIB 1.414 confluence coming right at Structure Resistance.. It can correct till 0.89150 where it can make a potential Inverted Head & Shoulders Pattern.
EURUSD forming a descending triangle on weekly charts. The price has broken down its short term up trendline after testing the top trendline of the triangle. The idea is to go short and expect to retest the bottom of the triangle around 1.2100 as targets.
A potential cypher pattern forming on GBPJYP on 4hr chart.. Buy Limits can be placed near 78.6% Fib Retracement and Stops just below start of X leg with targets at 38.2% and 61.8% which is also resistance zone..