USDJPY - Long
Possible bullish bat pattern forming
Completion down at the 105.000 even handle
TP1 - 38.2 Retracement
TP2 - 61.8 Retracement
TP3* - Wherever u want it to be or just let the position run as long as possible.
Any questions feel free to drop a comment or a message and il be happy to help.
ENJIN Coin has seen 2 significant pumps, the first on 25-26 march and the second 8-10 march following news of their partnership with Samsung on their latest device.
As seen on the chart, ENJBTC has broken below the key resistance level which was 5500-5000 Satoshi to bounce right of this solid support level of approximately 4000 Satoshi.
We believe the pair will...
Pair has put in new structure highs yesterday and now potentially forming a Bullish Bat pattern providing a nice intraday buying opportunity in direction of short term trend. ATR based stops below XA leg.
Trade your plan and good luck in the markets!
Another reason why I love advanced patterns so much is that they let you identify potential trades long before the sell or buy signal occurs, all you have to do is sit back and wait for the patterns complete and even if they don't complete, no big deal, just move on to the next one they occur in all markets, no matter currencies, stocks, futures or commodities ....
This is why I fell in love with harmonic trading strategies. They work so well in consolidations like this, that sometimes you feel your self like a wizard able to predict reversal point with pip to pip precision. Although this might not be the best example as the first cypher pattern failed and my stops got taken out for that trade, however the next two cypher...
Following a recent swing down at the end of the last year, pair is now potentially forming a bullish bat pattern completing at 1.82725. If price comes down to this level then I will be looking for entry signal on lower time frame. When price is approaching this level RSI must be oversold and diverging to confirm buy signal. ATR based stops below the patterns...
After completion of Bull bat on 4h time frame,
Pair is now potentially forming a bull bat pattern on 1H time frame,providing another opportunity to get in for those who missed bigger bat completion on 4h.
ATR based stops below the bat starting point X.
Trade your plan and good luck in the markets.
We're looking for a huge push tonight when the eco data is released, if as expected JPY should weaken massively at 1:50GMT while the USD is pushing for the bullish momentum once more. This should be enough to break the 110.370 resistance area.
Looking at the H4 chart (just a little cleaner than the hourly but still valid on both), we could be potentially tracing out an advanced bullish bat pattern at the moment. If price action makes its way down to our entry at the 88.6% Fib on the chart then the pattern would be complete and you could enter long looking for targets 1 & 2 at the green lines on the...
Here we have an almost perfect Gartley pattern formed on the daily chart, Price has already respected this formation and bounced from the area of interest #1 acting as support. We are now quickly approaching the area of interest #2 which price has previously reacted from, so if we can see a break past this area our next target will be the area of interest #3 which...
NZD/USD meets the strong support and resisitance zone and the bullish bat is formed with 0.886XA and 1.618BC as the PRZ zone. 0.6930 is a important KEY level from 2015-2017.
The RSI reach 30, you can see from that chart that each time it reachs 30, the price usually move up!
Put the stop loss around 0.6900 and targit at 0.7150
I've tried to keep this as clean as possible but, there's so much going on in this chart so please bear with me.
Price action on EURUSD has come into a previously identified support level anticipated to be a rally point following the break down below the neckline of an H&S identified on the Daily Charts (not shown/addressed here). This support level was...
One active bullish Bat pattern on this pair already on the 15 minute chart (to the right), with a possible second bullish Bat pattern currently forming on the hourly chart as we continue to anticipate the Fed later on.
This is a very intersting analysis for me because I can't say I have ever really done analysis on Longer Term Time frames (to be honest just learning the power, value and different ways to use different time frames to plan and execute trades)
NZDCAD completed an Inverted Head and Shoulders pattern between March 2014 and September 2016 on the Monthly...