Neeshan

Neeshan Updated 

A short bat pattern has completed at the 0.7228 level at structure highs. Price has continued to make higher highs indicated with the yellow line. A 2 candle doji was formed at the previous structure highs which shows a lot of resistance. If price retests resistance at 0.7234, I will enter short and look to take profit at 0.7154. stops will be above structure highs

Neeshan Updated 

Looking at the long term weekly chart: Price is close to reaching major support. This level has been respected several times indicated with the white line. The last several weeks price has bounced off this major support level. Price has been making a lower highs each time it bounces indicated with the blue arrows. Looking at the 240 min. chart: A long Bat pattern...

Neeshan

Looking at the weekly chart: Major support indicated by the white line. Price has held there for several weeks. The overall long term trend is to the downside. I believe there will be a violation of structure because price has been bouncing off these levels for weeks. Looking at the daily chart: previous structure has been making lower lows and now has been...

Neeshan Updated 

Higher time frame 60 min shows a strong lower trend by making lower lows. Price has retraced back close to previous highs, which makes a great risk/reward trade, and RSI on the higher time frame shows overbought conditions. I am short taking profits at previous structure lows

Neeshan Updated 

From a structure standpoint, price was moving bullish indicated in purple. Price made a higher high from the last leg. Price then violated previous structure by making a lower low (indicated in pink line). A bearish cypher was created with a double top at entry. I am in a short position. My targets are 0.618 Fibonacci level from C to D leg of the cypher. Stops...

Neeshan

SHORT BAT POSITION

Neeshan Updated 

Bear gartley with a risk/reward of 1.36

Neeshan Updated 

2 previous advance patterns completed. I am still in the trade on the blue short cypher pattern. I believe the market will rally to the blue box area and terminate around 0.3039s. There is a Fib retracement of 0.382 in that area. Then market will reverse and continue short terminating at 1.2850s completing a 3 drives pattern. 3 drives completes at a major support...

Neeshan Updated 

Cypher pattern completed on the 60 minute chart earlier and the market is now in an oversold condition.

Neeshan Updated 

Long Gartley pattern. enter at 0.7277 stop at 0.7219 Target 1: 0.7330 Target 2: 0.73627

Neeshan Updated 

Long Gartly pattern Entry: 0.7313 stop: 0.7286 Target 1: 0.7350 Target 2: 0.7373