NZDUSD is making an ABC correction on 1H chart, you can buy the bounce off the trendline+0.382 fibonacci which would be a nice confluence or for a more conservative entry wait for the breakout of the trendline before buying.1st target would be 1.27 extension and 2nd target 1.618 fib extension.
A nice inverted H&S formed on 0.382 fibo daily retrace
The chart shows it all! Looking to long this EURGBP bat pattern. When profit target 1 is hit we move stops to breakeven, but no profit will be taken here. All profit will be taken at the .618 (target 2). Stop level is also indicated. And as always, hold your thumbs!
The GBPNZD has multiple times had trouble with the purple box but has recently broken through it and is now coming down to retest it once again! We look to long it when it comes back into the 2.3s again as we then get what i call the "broken fang" setup meaning that price prints higher highs but equal lows. Other confluences are the .382 fib retracement, the...
If we are in wave C, The price(1.166-1.18) and time(2015-09-14) area is very important. So I put the possible MACD is drawn in the chart. If an option as shown in the chart, the point C is a good short point.
HI ALL, HERE WE MIGHT SEE A POSSIBLE BEARISH CYPHER PATTERN SETUP RSI ALMOST AT EXTREME OVERSOLD CONDITIONS ON THE DAILY TIMEFRAME WE ALSO HAVE A CYPHER PATTERN COMPLETING IN THIS AREA STOPS ABOVE X TGT1 0.382% TGT2 0.618%
WE MIGHT HAVE A POSSIBLE BULLISH CYPHER PATTERN SETTING UP HERE. D LEG NEEDS TO COMPLETE AT A 0.786% TGT1 0.382% TGT2 0.618%
WE ARE LOOKING AT A BULLISH CYPHER PATTERN THAT IS BUSY SETTING UP HERE. NEED TO SEE A 0.786% OF D LEG FOR THE COMPL;ETION OF THE PATTERN. IF YOU DROP DOWN TO A LOWER TIMFRAME YOU MIGHT BE ABLE TO SEE IT BETTER AND LOOK FOR ENTRIES. STOPS ABOVE X TGT1 0..382% TGT2 0.6185
Here we have a Gartley pattern near completion. D leg needs to complete at a 1.27% in order to see a bearish Gartley pattern completion according to my rules. We will also have an ABCD pattern completion which adds to make it a valid Gartley pattern. Stops Above X TGT 1 0.382% TGT2 0.618%
Hi ALL, Here we might have a possible bearish cypher patter setting up. We need to see a D leg completing at a 0.786%. Stops need to go above X TGT 1 a 0.382% TGT 2 a 0.618% Nice risk:reward !!!
NZDCHF notes on chart (sl and tp)
Possible enter on the 1H chart for the cypher on the daily chart (on my previous idea) based on structure and 0.382 failure pattern.
Looking for double top on structure or 2.618 to enter. For me i will like to see spiking to the 0.382 of bigger retracement and close above previous highs.