Nice opportunity to Watch for a Bearish BAT PATTERN.
Note the confluence with
- The retest of a previous resistance area
- The bearish trendline
- The RSI entering its extended area
- The round number at 1.06'ish
Happy trading !
Area to watch with a potential breakout sell opportunity with two possibilities:
- Breakout move straight to the target area or
- A pullback to retest the previous trend line and thus having a better sell price filled before the move to the buy back at the target area.
This is one of my favorite set-up (Daily timeframe).
The market has taken the stops (looking left) with a strong and massive bearish impulse move putting the price far away from the "mean" (10 & 20 moving averages), where I noticed that the market is likely to come back and retest the moving averages (attract like a magnet).
Two great conditions for a...
Here is a nice opportunity to go long, as we can see the market has taken previous lows with evident rejections.
I am waiting patiently for a pullback to get long targeting next big structure @1.0020's
Keep it simple and happy trading !
Nice area to watch for a potential bearish opportunity where the price has entered a supply zone. The price is testing the highs with the RSI showing a bearish divergence.
The price will probably range before deciding to move (up or down).
Here is a nice area to watch with a nice Bat Pattern forming on the 4H Timeframe aligning with the supply zone area and the RSI overbought.
3 conditions that increase my probability of a wining trade.
Keep it simple and happy trading
Nice area to watch for a bearish Gartley pattern with downtrend bias.
The price is retesting the downtrend line with a Gartley pattern confluence. Different targets with the one extended to the demand area (red box).
The RSI has entered the extended area.