akhostov

akhostov

There is a Bullish Bat Pattern that is currently now at the 0.886 XA retracement completion @ 94.434 Although we do have completion and a 2.0 BC extension confluence, the PRZ extends well towards X. I have highlighted the PRZ with the purple rectangle and extended it back to the beginning of 2013. If you look to the left, you will find various support and...

akhostov

Possible Bullish Cypher Pattern is forming with a completion at 1.85023 Currently, prices are at the 1.414 XA extension which also satisfies an AB=CD pattern. Furthermore, the 1.8959 level is also structural resistance (red dashed horizontal line). This gives the impression that we will see a drop in the GBP/AUD down, hopefully, to the 0.786 retracement level at...

akhostov

Possible Bearish Shark Pattern is forming. C is very close to the 1.272 XA extension. There is a 1.618 BC confluence with the 0.886 retracement @ 1.43556. The completion of this pattern is also in agreement with structure (red dashed line). Furthermore, the RSI compared to price action is showing a bullish divergence signal such that we will see prices going up...

akhostov

There is a Bullish Bat Pattern forming with completion at 117.425. Some good signs include the confluence between the 0.886 XA retracement and the 2.618 BC extension. Furthermore, we do find structure (previous support) slightly below at 117.352, such that we can see a continuation of USD/JPY fall down into the PRZ (Purple) and touch support (red) with a...

akhostov

Previous Bat Pattern failed to complete (shown in blue). A Bullish Shark Pattern (Red) that I was watching after I published the Bat pattern idea did complete in the early morning, resulting in a nice morning profit. Currently watching a Bearish Shark Pattern that is forming with completion in between two structural levels (shown in green and red). There is 0.886...

akhostov

Possible Bearish Gartley Pattern Completion at around 118.5 Confluence is not great with the 1.618 BC retracement But the Pattern Completion does match a level of structure (green) Currently price is still hanging around previous support (current resistance, red), which can be set as an initial target in case the currency decides to bounce of this level as support...