Wait for the 0.5 retracement on a daily chart. If the price broke and close below the 0.5 retracement sell opportunity with the next target could be 132.149. A second very high probably buy opportunity also there @ 131.5.
The 1.618 extension of the XA leg of the CRAB aligns well with the major structure support. High probability set up with very less risk
A bullish Cypher is in the process of forming. Expecting the price to short until leg D, which will provide long opportunity
Anticipating to follow the orders as in the chart.
Monthly: TK cross over Price below the cloud chikou span below the price but in the cloud kumo twist bearish Indicating bearish signal, but Kijun sen is flat would attract short term bullish Weekly: Price below the bearish cloud TK cross over bullish but Kijun sen flat Chiku span above the price and the Kijun sen resistance above. Trend is bearish Daily: Price...
After a successful completion of Cypher. Anticipated that price retraces to the cloud support. and then long for 200 pips.
Cypher setup for USD/JPY Wait until the pair falls to the Major structure level at 111.665 Buy the pair with a stop loss right under the major structure and take profit level to the D leg at 114.235. Sell the pair at the level with a stop loss above X with a take profit level as 112.641. Invalid if the Major structure is broken.
As I type, the price held clear resistance with Kijun sen 4 h and 1D signalling restricted upward momentum. Upon a break Sell the pair. Short term and long term targets given. In valid if the price breaks above the Kijun sen
A possible Bullish Gartley is in the process of forming on a H4 chart. The FOMC minutes could help break the shaded area above or alternatively, look for 0.786 retracement of XA leg for a Bullish Butterfly.
According to the Bull Shark pattern on a weekly chart, the price is expected to retrace all the way to the D point. However, the price action is in a parallel channel (blue trend lines) between Swing lows Feb 2013 and Highs from April 2012. A bullish Gartley is in the process of forming on a hourly chart. The price has retraced to 61.8% of XA, which is B. If in...
Upon break above the H1 MA 100 and 200, the Fibonacci extension targets 119.109 and 119.659
Looking for a break UP False break at 8:30