short term shorting opportunity.. expecting a bounce from film 0.618 to form a head and shoulder
expecting a bounce from fib 0.618 for shorttern down trend
expecting a double botton and divergences the going long with short tern
CYPHER PATTERN PAIR: EUR/JPY TIME-FRAME: 1HR TRADE: CYPHER PATTERN Have a potential Cypher Pattern on the 1HR after a previous Winning Pattern was presented. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: ...
As all retail traders are looking for long trades, we know this pair can easily get lower again. The nice high test at out weekle resistance is a good signal to trade from along with a bunch of other confluences on the different TF's.
I had this currency pair on my watch list for this week after analysing the WEEKLY chart, and whilst looking through the DAILY time frame I spotted a potential long trade. I spotted a pattern I have just started to test out, you have 3 bars involved. In this instance we see a good pullback to previous structure, the first bar looks like a potential low test bar,...
EUR/GBP has been in a range since March 2015. Another retest of ~0.7400 at the top of the range and a high test close with oscillator bearish divergence offers a short position in the ranging pattern possibly reaching the bottom of the range at ~0.7000. entry - below low of high test bar stop loss - above high of high test bar target - bottom of the range/support...