Cypher formation a little bit more long term trade for 300pips but all the things are on place to enter the trade. I will shoot for 300pips. Reason for entry NZD have been weakening for quite long and the EUR has strengtened due to the events in the EZ. I believe we may see 38.2% retracement of the last leg of the move. As well the RSI is overbought and we have...
On the 4h we have level of resistence RSI overbought as well on 1H time frame there is double top with divergence as well there is lower close candle on the 4h. Target 161.8% extention of the double top.
On the DAILY we have strong level of support. Price have made a double bottom before a couple of days testing the same level of support as well there is divergence on the RSI. I believe USD will weaker and the AUD will get stronger.
Cypher pattern on 4H time frame reason for entry RSI overbought, market overextended. Stops above previous structure RESISTENCE 1.50 R/R
On the D1 timeframe there is potential gartley opportunity a little bit long-term trade that i would enter with smaller position size with the idea to put some more volume in the next few days if we make a reversal. Have in mind that the YEN is strenghtening because of the uncertainty worldwide but the Sterling on the other hand seems to strenghten. Thats why i...
Bat pattern on DAILY. Reason for entry RSI oversold Double bottom on 1H timeframe and support level laying there. I will look for targets 38.2% fibonacci
Potential GARTLEY and BAT i little bit higher. We have made a double top on 1H time frame as well lower close candle on D1 timeframe. I believe USD will start weakening in next few weeks. I may shoot for EXTENDED TARGETS of 200PIPS. We may reach the LOWS ON D1 TIMEFRAME because on the RSI there is DIVERGENCE and I believe the last move on DAILY have been a CORRECTION
Bat pattern very good place for entry we have strong level of support there as well price is forming double top with RSI oversold and Divergence. Very good set up you can shoot for extended targerts.
Potential Cypher pattern on a good price stops above previous higher highs on daily and weekly levels. Stop loss as high as possible because of the high volatility in possible attempt to break out to the upside smaller size
On the 1h timeframe we have potential bat patterns. AUDNZD is in downtrend on the 4h and d1 time frame i will shoot for retest of previous lows. As well on the downside we have reached strong level of support which have been resistence on the 4h and daily time frame. 2 good opportunities it depends where the price will be likely to go. Look for RSI overbought or...
Potential BAT pattern on 4h timeframe. Price is moving in range I will look for RSI overbought or divergence for entry. Be aware of economic calendar events
Potential Gartley on 1h time frame. We have some structure level and support on that area i will look for RSI oversold and divergence
Potential Cypher on the 1H chart. I will look for extended target little bit less than 61.8% retracement of the CD move. Reason for entry RSI oversold or divergence
The price is forming a double top with some diveregence on the RSI. There is a resistence level in that area on the 1H and 4H time frame. I will shoot for targets of 161.8% extension of the double top move
Gartley formation on the 4h chart we have strong levels of S and R thep rice is moving in a range. RSI have been overbought as well we have divergence i will look for extended targets. Be aware of CAD event on economic calendar