Based on observation the EurUsd seems to put in a low pre-NYSE cash open and moves higher most days, or should I say "often enough to look for a morning drive to the upside"? There's the 78.6% fib level for the pullback level, and the AB=CD pattern for an entry signal.
Looking at the 61.8 retracement level for a possible target. Entered long at 190.
Looking at a nice 61.8 retracement from the swing low point marked on the daily btcusd chart. There's prior support near this price level. In my opinion, there's an abcd correction from a more serious move to the upside.
It's not a perfect pattern but it's close enough to fit my criteria. I'm looking for entry around 1.1730 with a stop loss set at 1.1700 and profit target at 1.17800
I see price coming into a 61.8% retracement level along with prior resistance levels on the 4 hour time frame.
Look at prior support to the left and notice the 88.6% retrace from the prior low align with the New York open 9:30am Est. The risk to reward ratio is at least 1:1.5.
Can you agree that this AB = CD pattern is present?
I'm looking for a pullback somewhere within the green box before entering long.
An AB=CD pattern has formed on the eurjpy. Also noticed the 78.6% retracement of the prior swing low to swing high. The RSI went oversold. And, looking to the left I see some prior structure/support. Entered long @ 132.254 Stop loss @ 131.814 Profit Target @ 132.783
Watching a bat pattern on the hourly chart with prior resistance in this price range, RSI touching oversold and coming back up, stochastic showing bullish divergence, and medium impact cad news coming out at 8:30am est.. Target is at 38.2% retrace, and stop loss is below the x-point or .0025 below planned entry point of .8718 = SL .8693. This pattern could play...