Hello Traders , please click on all the pinned charts to see how it is possible to use wave analysis to forecast the charts. RSI
There is buying oppertunity on GBPCHF @ 60MIN. Bullish Butterfly pattern formed.
USDCHF - H4, Potential Bullish Bat Pattern
Price can be purchased because it reaches point D.
If the formation occurs sales opportunity.
Buy on completion of bat pattern D leg at 140.76. First target 0.618 AD retracement at 145.08. A break of A (or D of the triangle), would give a target further target from the triangle pattern of 157.62.
Someone posted something similar but I have adjusted it a bit and marked some points of interest.
A gartley pattern is emerging, on EURNZD for a Short trade. And a AB=CD pattern is also confirmed (Blue lines)
USDJPY reacted to a Daily Demand zone (purple) and had a clean trendline break on the 4HR. Completed its exit cycle and looks to make it back to newly created demand zone (green). Will enter longs once hit and target untouched Supply up in the pink zone.
EURUSD has finally broken a major trendline. I had not taken an immediate short, as I wanted the demand zone (upper green rectangle) to hit. Due to the law of absorption, the level should have triggered some orders and should be standing a bit weaker as a level now. If the price can return to the initial point or rejection (red zone, otherwise known as supply) I...
Sell at completion of bat pattern D leg at 7470.
Buy on completion of bat pattern D leg at 87.66.
Butterfly pattern almost complete. Sell on completion of D leg at 83.73. Yearly high (83.805) resistance level just above.
EURJPY POTENTIAL BEARISH BAT Check The Reversal PA in yellow zone before entry
Marking on the chart are my weekly trade plan and trade setup. Enter the trade based on divergence. I feel we are NOT ready for drop in this week.