After seeing Weslad's idea , I had a look at my own charts to try and see if any patterns I use were obvious. I'm seeing two Bearish Gartley Patterns that seem to coincide with Weslad's short idea . I still believe that the top should be around 1.4070 area.
My last post on the EURUSD implied that patience with the pair would prove to be profitable. I expect a bit more upside...
I have found some pattern to the EURUSD. Price is currently in consolidation and ranging. I expect price will rise to the 0.382 retracement or higher.
Bearish Shark Pattern detected. Currently targeting 0.382 and 0.618 retracements.
The other day I spotted this 3-Drive pattern. Price is expected to move lower from here.
I'm thinking that USDJPY is beginning wave 4 lower and should start wave 5 at around 114.156
AUDCAD - I've been watching this pair for a while now, trying to decide what pattern is forming. I now think it could be a Shark Pattern. Price looks to be bouncing off the 2016 high. Possible short in this area.
This is an update on my previous post. I am seeing a bearish butterfly forming which could be the turning point for the move lower. Look for shorts around 1.3300 area.
I am relatively new to Trading View and I want to share my ideas as much as possible. Why? Because I might be wrong, and because I want to meet new people who have alternative perspectives. UCAD Short is what I am currently analysing. Elliott Wave theory says that 5 waves up are followed by 3 waves down and I want to share this. I believe price is in the Wave B...