Pair is now forming a potential bullish gartley pattern completing at 1.50785. RSI is confirming buy signal as its reading is below 30 already, so we might see an RSI divergence at the completion if bears push price any lower. ATR based stops below the Gartley starting paoint X.
I remind you that this is just my vision about possible market movements. If you...
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!
Potential bat pattern forming on NZD/CHF 4 hour time frame!??
TP @ 61.8 Fib retracement of C/D
If price action confirms further bearish movement @ 61.8 fib then TP2 will be towards 127% extension of C/D
it's been a while since i last posted an idea. I wanted to share with you this simple setup i'm looking at right now. I've already entered short in this pair, for a bunch of reasons. First of all, we have daily structure looking left (that is always key), then you can see a big bat pattern completed from some hours, but also a double top with RSI...
Wait for confirmation within the red box. Take profits at .382 and .618 price extreme. Stops shall be ATR based once an entry reason is given inside the zone. Pattern is invalidated if it exceeds red box
Bullish Cypher Completed at 147.990.
150.008 is the Fibonacci Retracement 23.6%
Head and Shoulders pattern will be completed at 150.100
Both charts point out 150.100.
Breakout and close above 150.100 will take the price 151.300 and 152.200. Extented target is 153.200
Here we have a potential Bullish Shark pattern on the hour graph.
The prince seems to have already touched the PRZ but we may see a retest and then for it to move upwards.
Will keep updated as i see fit.