BITFINEX:BTCUSD
I know that many people are bullish currently. However I a glad to be out. I suggest that the porbability of this being the end of the latest upleg. I am out and waiting for a good time to re-enter
There is, in my view, a Cipher pattern about to trigger for a downside move on the FX:AUDCAD
Looking for a 1 to 1 move to take of first targets, the remainder after the blue section. Fingers crossed!
FX:EURUSD is setting up to break higher. The impetus for this may be the a Bullish BAT pattern which I see forming. I have two targets in play, however if the first target makes it, I may hold onto the other one for the ride upwards
There is a decent looking Bearish Gartley Pattern forming. If we get to the entry price of I will be looking to take two targets. Because of the structure of the Gartley pattern it represents a decent risk reward on the FX:AUDUSD
I have placed an entry for this Gartley pattern, a stop loss and two target prices, which I hope are clearly marked - lets see how we go on the FX:EURNZD
You can see from the chart that there has recently been a double top on the pair after some considerable movement. The 240H RSI has been overbought which supports the analysis. I am now waiting to see whether the left shoulder remains lower than the right which will increase my focus on this potential trade
The FX:EURUSD has shown a sharp move down recently, however this has revealed the structure for the complex BAT pattern. Lets see if the price can make its way up to the completion point
We have seen some bullish movement from BTCUSD recently. The 3rd wave is easily subdivided into 5 minor waves, which makes me believe that the current equalizing pattern is a 4th wave. These are very often triangles which break out nicely. I would expect to achieve a target price of 4488 which aligns perfectly with previous resistance
EURUSD broke out of an ascending triangle. It has now made a retest double top against historical structure, I expect this to go back and test the top of the triangle
On the 4 hour there is a potential double top. I am expecting an entry at the 0.618, this will be followed (hopefully) by target 1 coming at the return of that move.
However on the macro daily pattern there is a rising wedge; so I am hoping that target 2 will drop to the bottom of this wedge or maybe 50%
Of news coming out from China at the start of this week, which could show some weakness for the Aussie dollar. Fundamentals would suggest a good opportunity for a long trade with good risk and reward ratio
