fximperija

fximperija

the 94.1 level is a significant resistance level . Since not so often shark patterns are valid with 88.6 - 113 the PRZ is a bit larger (76 pips). With BoJ enforcing weaker YEN and aussi showing recovery this scenario is very possible.

fximperija

Although PA left the PRZ in upward move, failed to make a higher high beyond X so the bat pattern is still valid. However, PRZ forced PA to take a short break at 88.6 ext of XA and went to test the previous swing high. The 88.6 acted as support twice forming a possible CZ like the one on previous swing high. The T1 is at 38.2 retracement of this impulse leg with...

fximperija

UJ formed a double top and slipped back to 141 ext. signs of further drop to 38.2 area.

fximperija

expect to retrace to 38.2 from the impulse leg up. The PA shoot right to the 127.2 ext of previous high.

fximperija

Cypher in the making, we'll see if the pound can drop that low to shoot up again

fximperija

If it comes to that point and it's a long way. Nice bullish crab.

fximperija

Although it's a nice bullish bat I'm very skeptical about the outcome.

fximperija

Signs of downtrend reversal assumption. If PA doesn't break the uptrend channel and doesn't close beneath the previous low a trend reversal is in place.

fximperija

Bullish, if ever completes, however signs are there, only 160 pips away. :) P.S. This fib. wedge tool behaves weird, do not pay attention to it.

fximperija

Some hungry bullshark awaiting :) :) :)

fximperija

Short the cypher.

fximperija

What is RBA going to do? According to RBA, they will weaken aussi even more. How much? All the way to 2008 lows?

fximperija

After a shark completion and reaching T1 (38.2) PA bounced and continued upwards to upper TL of H4 channel (127.2 extension of previous high). Expected bounce and downward movement. Upside risk high regarding the BoJ hint at more stimulus. The JUN-AUG-OCT 2009 triple top is the next resistance level. Should the PA violate that level next resistance is skyhigh at 152!!!

fximperija

Downtrend channel with embedded bear cypher with oversold RSI suggests short position.

fximperija

If bulls prevail, follow gartley. If bears still stronger wait for crab and go long. Large runs, careful with position sizes.

fximperija

Short T1 T2, if goes lower trail.

fximperija

Large bullish cypher for long position at PRZ

fximperija

Since the PA touched the upper channel TL expected bounce and downward movement to 38.2 respectively 61.8 or all the way to the lower TL. However, with unchanged policy BoJ hints at more stimulus and according to that high upward risk.