Hey dear people,
I have these two pattern on my radar for today.
In addition, keep in mind the FLAG pattern I have marked in Blue whish may also happen if the price rejects the S/R to the down side ;). Possible area where the price may fall if this pattern forms is marked on the graph.
NOTE: Red Dashed lines are S/R levels.
Hope it helps ;).
Hello all dear people,
Here is a possible opportunity for entering LONG on EUR/USD. As usual, just a possibility so keep monitoring it in case it turns around ;).
Cheers,
Ed
Explanations on the Chart. Hope it helps somebody...it's surely helping me :)
Currently SHORT but I will be out on the 61.8 FIB retracement of the previous up leg of the flag marked purple. The reason is a possible inversion of the tendency there due to strong S/R lines.
FYI, red dashed lines are S/R lines.
/E
Hey dear people...
There are two possible bearish patterns (BAT & CRAB) I could see forming. I am currently SHORT, just trying to take the last piece of the BC leg.
I will be looking for opportunity to enter LONG @ around 1.1420's. If the price does not hold there, look for next S/R line @ around 1.1270's which will hit a 61.8 FIB retracement of the last "big"...
Good morning (for those in Europe),
I am looking for one of these patterns during today. Only possibilities as usual.
Keep in mind that the overall long term trend is Bullish.
PS: Ignore the red lines in the RSI. I forgot to erase those, they mean nothing.
Cheers,
/E
The second bat I have predicted is almost reaching T1 (1.0965). This may invert direction once there due to SR level.
IF it inverts direction at first target, THEN look for next BAT opportunity at around 1.0842.
Just some ideas...like everything in life, they value what they value :).
