another chance to get involved this morning comes from EURUSD. Here you can see i've drawn two different harmonic patterns (one Butterfly, one Gartley) which are going to complete at the exact same level.
Two is better than one!
Stops below X, targets at 382 and 618 retracement of AD leg.
If you want to ask questions or share your idea, please comment...
1D - Price has been ranging neatly within the channel since 20 Dec 2016.
Currently price has bounced off my weekly support zone (1.06421).
Spinning top candlestick formed at Support zone which may indicate a reversal of the previous trend, this is followed by a bullish candle.
I expect the price to reach the 1.07643 Resistance zone.
in this pair price recently broke and closed above the previous resistance area. Therefore we're looking to get on the trend as soon as we can.
When such big impulses happen, there's usually no space for deep retracements, and so we need to use some simple patterns (flag, triangles) in order to catch the move higher.
In this case you can see a flag...
nice opportunity here on EURUSD. Price is pressing against a daily & 4hr structure level that seems to hold. We can say that simply by looking at the chart itself, price action creates a first low (at a psychological level) and then when it comes to retest it, it fails to create a new low and insted sets an equal low. This is the first sign that price...