Good entry point for trend continuation trade. Maybe there will be chance to re-enter at ~10530.
We are in consolidation, if market will stay in zone we might see potential Bullish BAT, Entry can be moved above 1.5 to ~1.5010 because we might see bounce from that level.
We have potential bearish BAT @ 1.5223 potential targets T1 @ 0.38 1.5180 , T2 @ 1.5166 , T3 @ 1.5152 . GBPUSD in most cases retraces to T2 so I'm expecting to shoot 1.5166.
We have potential BAT pattern which has similar entry to potential AB CD pattern. On 4hr we have double bottom so we might see Wyckoff's accumulation here.
AUDJPY seems to respect psychological numbers, last Friday we saw strong bounce from 91 level, I'm expecting similar reaction from 95.5 . SL is moved above structure for additional protection. I think it's good to wait for entry reason like double top at 15m.
We have quite good option to enter BAT pattern at level 1.5000. Technically we should enter pattern below 1.5000, but It's quite good example of front running order.
After massive drop down, we have chance to retrace back before any trend continuation. I'm expecting that we can get filled on small bat pattern and rally to level from 2010-05.
We have quite good trend continuation opportunity, hour candle was closed below 11.500 which seems to be key level. When we look at D leg, we can see 3 harmonic moves, that gives some indication similar to 3drive that we are on edge. I believe that Greece news were already implemented on chart, RSI is quite high so we might see some pullback.
We have nice trend continuation, X leg of pattern was rejected by market extremely strong that's why I'm expecting that we can see similar reaction on D leg. Currently X is penetrated but 1h candle was sucked back so it's still valid pattern. Current reward/risk ration is 1.6, so when we know that Gardley has 60-70% completion rate it's quite good option.
Currently we have correction on Euro which might push to entry point of butterfly. It looks like we will have also ABDC pattern at entry point. At this level we have structure so we can expect painless trade to T1.
It looks like we have another harmonic move similar to previous, this time Cypher pattern is valid. ( expect small peak on C leg ) . Trade with overall trend what means that on GBP pairs we have strong probability for T2. From C to D there was forming ABCD pattern, which was broken, but our entry point was close to 1.618 extension of AB leg of ABCD. Additional...
Consolidation, strong B2V should work even if we trade against trend and without OS RSI on entry.. In past 10 cyphers for that pair 8 were matching T1 and T2 in that configuration.
Nice double top on D leg gives very good opportunity to entry with large Risk/Reward ratio.