Hello Traders, I hope you have been having a good weekend. This week, we spotted a potential Bat pattern on the 1hr time frame which has complete. On the 4hr we also have a potential Cypher Pattern that completes if price can pull down towards 0.7255. We would be looking for target 1 @ 0.7404 and target 2 @ 0.7496. Feel free to follow, like, comment and share !
Hello Traders, We have a potential BAT pattern If price can reach 1.4094. Today CPI Inflation figures came out less than expected at 0.3% which has helped pushed price down close to our level of entry. This area has confluence of support and trend line support. There seems to signs of indecision in this area too. If we can continue to put in higher lows this...
Hello Traders, Price came very close but if we can actually reach 1.4094 then we have a Bat pattern which completes at the 88.6% fibonacci retracement level. This pattern completes in an zone of support. Furthermore, this pattern serves as a continuation of the recent uptrend. Target 1: 1.4354 Target 2: 1.4510 Note that that we have CPI (inflation) figures...
Hello Traders, This market has been forming a series of lower lows and lower highs. We have broken these highs to form an area of consolidation. We have a potential Bat pattern completing at 106.39. In this area we have some support and Fibonacci confluence. This is where i expect price to react. Target 1: 106.71 Target 2: 106.92 Feel free to comment, like,...
If price can reach 0.7411 we have a potential Bat Pattern. This completes within an area of support that has turned into resistance. Target 1: 0.7392 Target 2: 0.7379 RSI indicates hidden divergence. We want OB conditions
Hello Traders We have a completed Cypher pattern. USDCAD had been in a downtrend, which is evident looking at the daily timeframe. We have Come into an area of major and minor structure. We have potential trend line resistance RSI shows signs of overbought conditions RSI also shows hidden divergence Altogether this presents us with a high probability trade. ...
Hello traders, this is our first post via this platform. This week we have been presented with a selling opportunity on GBPUSD. 1. We have a completed Gartley pattern 2. Zone of major resistance- This zone has been held for the past 2 months. 3. RSI divergence-We have put in some bearish divergence, signalling weakness in the recent up move. 4. AB=CD - This...