FACTORS OF CONFLUENCE + With the overall trend. + Retracement into 78.6 (as per cypher ROE) 127.0 fib extension of the BC leg = fibonacci confluece of the 127.00 zone +Retracement into 127.00 ( round number) + Look out for reversal candle patterns to the upside in this area.
flag pattern setup on 5 min chart, yesterdays daily close gave us a nice pinbar to the downside where the bears won , looking for a breakout for a continuation to the downside.
looking for a short, price at 200ma on the 4hr and at stucture on the monthly looking for trend continuation to the downside. very good R/R
could be an opportunity to short here to the .786 where this cypher pattern completes then exit position to go long
took a bit of of a hit on this pair yesterday.looking at a re-entry at 1.7907, stops go below the XA leg
A look at whats on my radar on the Aussie at the moment. The small cypher has just completed.STOPS AT 0.9470
This cypher completion lines up with a structural shelf on the higher time frames.
Eurusd at major structure with a completed Gartley/ABCD missed the first chance to get on this at 1.3500 will jump on now. Good R/R with first targets at structure.
GBPAUD is forming a Bearish Bat in a Bullish market.With a AB=CD move on the CD leg of the bat pattern,also a bunch of fib clusters at the PRZ of around 1.86952 .Targets and stops placed at previous structure levels.This is my first chart posted on tradingview all comments and critisisms welcome