g2-rockach

g2-rockach

I am looking at building up a case to enter the market. There is an upward trend where the trend line has been hit on 4 occasions. The 86% fib is coming in at previous areas of support and resistance. The last 3 day candles have been short and the RSI is toward the oversold territory. Reasons not to trade it: NZD showing weakness, Data coming out later today...

g2-rockach

Nice harmonics during this uptrend. Looking to buy at 76.4%.

g2-rockach

Bullish Butterfly completed at 141% fib on 4hr chart. Looking to get into the possible move up.

g2-rockach

A fair amount of confluence around the X area on the daily chart. This should provide a support area. Looking to buy at the 86% fib with a stop below the X.

g2-rockach

Was thinking this may be a potential Gartley but the B point does not hit the 61.8 % fib. The previous support is also around the 86% area. The plan is to scale down to 4 and 1 hour chart and look for some divergence on Stochastic to give more confirmation.

g2-rockach

Bullish momentum currently with this pair. Looking for this pattern to complete around the 0.94607 area.

g2-rockach

On a upward trend line. Has broken through support line, so tight stop below the D.

g2-rockach

Looking like a retest of the neckline break. Looking for the 61.8% of the recent low & Right shoulder.

g2-rockach

The GBP/JPY is in an upward trend. I think that it may come back and test the previous support levels, which coincide with the 86% Fib level of the Bullish Bat pattern. Plan: If price comes back to retest previous support Long position at the 86% fib Stop loss below the X Profit targets will be at the 38% of the A-D retracement. Moving stop loss to break even....

g2-rockach

A fair amount of prior support and resistance around the 79666 price level. Possibly a retest of this level in the way of bearish bat pattern. if price reaches the 86% fib go short. Plan: Short position at 86%Fib Stop loss above the X Take first profit at 38% retracement from A to D Final profit at 61.8% of the A to D retracement If long price bars pushing...