lyl89

lyl89

FX:EURGBP has been just touching and retracing from the daily 50EMA recently for about 3 times. Using fibo retracements as indicators of support and resistance zones shown by the grey rectangles, I'm looking to long FX:EURGBP with SL just below the support zone and TP just below the resistance zone. Risk to Reward at about 1.7, I'm fine with that. RSI looks...

lyl89

With the current decline, we can continue to short BTCUSD to the fibonacci retracement of 0.618. If you draw the parallel channel using the previous trend line, we can close the short position at the similar fib retracement level, defined by the green dotted line @ about 9120. Stop loss slightly above the 50% fibonacci retracement.

lyl89 Updated 

The falling wedge can either be a reversal or continuation signal. This falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. Upon breaking above the top of the wedge, the pair made a nice move...

lyl89 Updated 

Hi guys, it's been quite a while. A potential bullish butterfly pattern might be forming on H1 Chart. RSI is on it's way to oversold level. R:R at 2.4 (TP1) and 3.6 (TP2). Good luck.

lyl89 Updated 

A bearish bat pattern is almost complete with PRZ at good resistance level. RSI is almost at overbought level as well. R:R at 1.3 (TP1) and 2.2 (TP2). Good luck.

lyl89 Updated 

A bearish butterfly pattern has completed and reacted slightly, so I am a little late. As such, I will wait for a pattern retest at the PRZ area. R:R at 1.5(TP1) and 2.6 (TP2). Good luck.

lyl89 Updated 

What a drop guys. The drop has created a potential bullish bat pattern with RSI just touching the oversold level. PRZ is at a good support level. Only looking at TP1 with R:R of about 1.6, GBP news in about an hour's time. Trade with caution and good luck.

lyl89 Updated 

A nice bullish bat pattern has completed with RSI rebounding from the oversold level. You may choose to long now or wait for some retracement and enter on lower timeframes. R:R at about 1.1 (TP1) and 2 (TP2). Good luck.

lyl89 Updated 

A potential bearish bat pattern is spotted, RSI on its way to overbought level. PRZ is at a good resistance level. R:R at 1.1 (TP1) and 1.8 (TP2). Good luck.

lyl89

Very short-term trade, this post is slightly late. A bearish bat pattern has already completed. I have shorted this pattern. R:R at about 1.1 and 1.9. Good luck.

lyl89 Updated 

A potential bullish shark pattern might complete soon with RSI almost at the oversold level as well. PRZ is at a good support level. Nice R:R at 3.8. Good luck.

lyl89

A potential bearish shark pattern is forming on H1 chart. PRZ is at recent high as seen on the chart. Good R:R at 1.8 (TP1) and 3.6 (TP2). Good luck.

lyl89 Updated 

Short-term trade, a bearish bat pattern has completed. Traders may choose to short at the next 4-hour candle or wait for the price to retest PRZ then short. R:R at 1 (TP1) and 1/9 (TP2). Good luck.

lyl89

A potential bearish bat pattern is almost complete, RSI is about to reach the overbought level as well. PRZ is at a good resistance level. R:R at 1.8 (TP1) and 3.1 (TP2). Good luck.

lyl89

A potential bearish bat pattern is almost completing, RSI is almost at the overbought level as well. PRZ is at a good resistance level. R:R at 1.5 (TP1) and 2.6 (TP2). Good luck.

lyl89

A potential bearish shark pattern may complete next week, RSI is on it's way to overbought level too. R:R at 2.3 (TP1) and 4.2 (TP2). Good luck.

lyl89

Price has not covered PRZ, so the bearish butterfly pattern has not completed although RSI has hit overbought level. Let's wait for pattern completion to ensure criteria met. R:R at 2.4 (TP1) and 4 (TP2). Good luck.

lyl89

A potential bearish butterfly pattern may complete next week. Wait for RSI to hit overbought level. Good R:R at 1.6 (TP1) and 2.9 (TP2).