Have a bearish bat pattern formation currently formed from this recent massive spike to the upside. this could be a good signal/indication that wee will get a pullback for the market to recover.
i have taken 2 short positions
1st Target is 0.88141
2nd Target is 0.87641
Price action has formed a Bearish Bat formation after its recent pullback into a previous support area 110.700. which also is a 0.618 fib retracement area!
Currently have taken 2 positions looking to take first targets off at
1st target : 109.932
2nd target : 109.114 (second target will be trailing my stops!)
Have a valid bat formation D Leg has already completed and have entered the trade late looking to take 2 targets as usual
TP1: 0.74762 0.382 Retracement from the A to D leg
TP2: 0.74217 0.618 Retracement from the A to D leg
Looks like the EURO Is ready to take a tumble from its recent Bullish run. price action as formed a bearish bat pattern formation.
currently short looking to take first targets off at 1.08627.
and extended targets off at 1.07235
looks like June is Going to be a hot summer!!
Price action formed a Bearish Cypher formation (D Completion around the 0.69321 level found the pattern late but luckily and happend to give me a better risk reward. price action was consolidating for most of the day at a loss until RBNZ Press Conference and RBNZ Monetary Policy news took place then price rolled over and both target 1 and 2's got taken out in less...
Price action has currently formed a bearish Cypher pattern on the Daily time frame. zoomed in on the 4 hour price is putting in a double top (trend Reversal)
Price is also reaching structure and RSI is crossed over sold!
looking to take 2 targets
Going to be a long hold!
Once target 1 is hit Stops moved to break even
Price action has recently broken previous support and put in a lower low, lower close and has now retraced back into structure (now acting as resistance) taking a fib measurement from the A leg down to the B leg we can also see price has retraced up to the 618 level!!! with the RSI indicator being over brought!!!
looking to short the C Leg taking profit target at...
Price as recently pushed up into the entry zone (D Completion) to form this advanced gartley. looking to take 2 targets for this trade. once target 1 is hit I will be moving stops to break even.
will be a long trade so patience is the key
Previously price action had successfully completed a bearish Cypher formation and since then has been in a strong bearish rampage! RSI indicator is showing price action is extremely over sold and if price pushes down into the entry zone I will look to go long with 2 lots
May have a bearish Gartley formation if price action pushes up to the 139.576 zone. if price action does reach the zone will be looking to get in aggressive with to targets.
1st target 138.686
2nd Target 138.074
As you can see after a completion of a successful Advanced Cypher Pattern price has been retesting previous support levels and putting in lower low lower closes. looking for the D Leg (equal measured move from A Leg to B Leg) to complete in between the 1.414 & 1.618 which is a fib extension (from the A to B leg). also have a previous support level there so going...