The last 2 days we saw a decline into previous resistance, based on the daily breakout level. The 60 min chart also shows a double top with bullish RSI Div.
The pair is currently in a consolidation ( see 4h channel as shown). We saw a break above putting us in trend continuation mode. The bullish gartley pattern lines perfectly with the 38.2% retracement. Target 1 should be the channel at around (0.7477s) Second TGT in anticipation of a breakout into previous resistance should be 0.7550s Entry:...
A perfect example how to combine possible advanced patterns and price structure to build a case for entry. We recently saw a new structure high which is putting us in Trend Continuation Mode. Typically we see an outside return into previous structure, in this case perfectly lined up with the 0.382 % retracement of our last rally. Completion Point D of the...
After hitting targets on the last Cypher Pattern there are two more possibilities for those pattern traders...
Just an example how powerful advanced patterns can be. Maybe we see a completion of the little bearish cypher and after that a bullish move from around 2.0500. (Bullish Cypher) If.... THEN.
After the Cypher in the Asia Session here comes another opportunity in case of a bullish bat pattern completing at around 1.8518 TGT as shown
If the market comes to 1.0210's there will be a possible shorting opportunity in terms of a bearish bat pattern.
As you can see the smaller bullish bat pattern which I traded on the 15 min Chart was successful. Now I'm looking for the completion of this possible bearish Bat pattern on the 60 min Chart to short the market at around 1.6660
As you can see the bullish Bat pattern was successful and now there is another possible opportunity setting up. Looking to go short at around 172.55 TGT: 172.24 Stops have to go above X. Back and forth...
Possible bearish Bat Pattern on the 15 min Chart.
Another potential Bat pattern is setting up. Also a possible approach to get involved with the huge Cypher pattern on the higher daily timeframe.
Waiting for a possible bullish bat pattern with a completion at 136.94. (88.6 Retracement)
Bearish Bat Pattern already completed with a double top. Looking for TGTs around 171.64
Nice harmonical moves. A potential bullish Bat Pattern completing at around 1.5801 even handle.