Two patterns favoring bullish momentum to the upside. A breakout of the ascending triangle will hopefully push the pair higher until the Gartley pattern's D point is reached. Our short bias is based on the possibility of the pair pulling back and retesting diagonal support of the triangle one last time before breaking out to the upside.
What do you...
Gartley pattern on 1H - I will be positioning myself long, hoping to ride price as it pushes towards the gartley pattern's D point. Minor resistance around 76.285. A break of this minor resistance to the upside will be confluence that price is heading to the gartley pattern's D point. I also use ichimoku to filter my trades, we have a bullish kumo cross which...
Overall, the pair had formed a symmetrical triangle and is currently trading within the triangle's range. Price bullishly broke the ichimoku cloud which suggests bullish momentum in the works. Around 0.98605 price might find some resistance based on the triangle's diagonal resistance, and then maintain some bearish power (pullback) up until around 0.96663. The...
