gytn25

gytn25

we can see 2 bat patterns on the 4h timeframe: 1) the first one close quite above the 1,272 fib level ( considering trend harmonics) so this might nog be so significant, though I believe we will see a little drawback in the red square 2) the second one closes right at the 0,886 fib level of the freefall in January. It's also not that far away from the HC in...

gytn25

looking at previous Price range, we can see it has broken the channel and is now heading for a retest of that level ( blue line). Because we're in a long term bullish trend, chances are we will see a bounce at that level, as we will also have a finished bullish gartley pattern and a AB=CD if we would continue a little lower, not violating our X leg.

gytn25

Although the main trend is definitely bullish, this might be a good area to look for sell opportunity on short term Reasoning behind importance: - ABCD extension - fib confluence - strong structure level Future may give additional clues, or show the insignificance of the area. but as for now, it does'nt hurt to keep an eye on it.

gytn25

Bat pattern on 1h is almost near completion why I find it interesting: - bullish bat pattern completion - fib confluence ( 1,618) - structure ( green lines) - almost reached LT low ( on 1h TF terms) - fundamentals do as expected as usual, 2 targets: 0,382 and 0,618 Let me know your thoughts!

gytn25

We're getting towards an interesting area on GBPUSD, where we got some harmonics and structure. I'll be looking for a short entry arround 1,56.

gytn25

Being in this chanel for some time now, having a nice Bat setup that's now completed. stop loss at channel level. first target at 0,382, which also just above structure, second target could be placed at 0,618. By any means, I think this is a nice set up. Let me know what you think!

gytn25

We got a bullish bat completion at 0,886 target 1: 59.25 target 2: 59.87

gytn25

yellow area shows possible area of reversal, indicating short opportunity. indicators: bat completion at 1,618 fib confluence ( extensions and inversions) structure (resistance levels), the 2 highest levels are waiting for their 3th hit ABCD completion SL should be placed above structure level, preferable arround 1.150 even, green area shows maximum...