Potential bullish Gartely pattern with Butterfly pattern and the completion of the two pattern will be the structure level
Keep this pair on your watchlist. We are at support and bullish bat pattern has been completed, the CD leg of Cypher pattern can emerge too.
I have a bar counter indicator I use and 8/9 bars is normally the max before some sort of change, if only for 1 bar. USDCAD now at that 9 bar level but we all know why. Also noticed the harmonic move at this level too. Might see 1.45 before any move the other way but it's worth keeping an eye on.
Entry-1.4504 Stop loss-1.4547 First Target-1.4445 Second Target-1.4409
After seeing the Bearish Bat Pattern on Daily chart, here is Bullish Bat Pattern that is setting up on hourly chart, so I guess it all depends on your preference how you want to trade it.
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Amazing harmonic moves for this pair show where price could heading to. Last harmonic shows an interesting confluence with a major weekly resistance. Wait for retest of the recent broken structure to get involved short. Stop and reverse at significant weekly resistance.
As expected in this pair continues to head south. Right now, anyway, a nice bullish engulfing on daily is setting up at completion of an abcd harmonic move to the downside. On lower timeframe (4h) a double bottom already completed with bullish RSI divergence. This could trigger a nice countertrend long trade before looking to a continuation downside (to the...
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Looking at a move up to finish the cypher idea linked. Might get hung up around .73112 which is an area of teeter-totter in the past.
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Bearish Cypher reached D-leg completion (marked entry). Together with short term bearish trend. RSI heavily overbought. We have a larger gartley in the works aswell that we might see a potential trading opportunity later on, will be posted if this is the case. Marked Entry, stops and targets. Stops below X Happy trading!
Bullish Bat about to reach D-leg completion - LONG opportunity. Limit order is set at "Entry". Stop loss below previous structure and support looking left.
We have a bullish bat setting up with good support to build on. Previous structure which has been tested several times. Continuous higher highs and strong uptrend overall. Entering at 1.32696 with targets marked on the chart. Stop loss as mentioned below previous structure.