scottFOREX

scottFOREX

nice little set up on USD/CAD price oversold candlesticks showing signs of reversing and nice risk reward however won't be taking the trade due to heavy news releases today for the $$

scottFOREX Updated 

this pair is currently in consolidation and has formed a wedge pattern that we have broken above and closed i am looking for an initial target of around 109.346 were we have seen some strong resistance however if we break this level i am looking for further targets above

scottFOREX Updated 

looking to test previous highs @ monthly resistance levels

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SHORT

scottFOREX Updated 

looking for bullish move into 159.800's

scottFOREX Updated 

GBP/JPY gartley pattern

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bearish bat pattern completing at 158.6636 this pattern also completes at a previous support level and rsi is almost oversold as we approach entry price. my bias for this pair is currently bearish so could possibly look for extended targets below the previous lows.

scottFOREX Updated 

looking for a push back up to a major support level and a bounce back down to new structure lows

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looking to retest daily lows exactly were this butterfly pattern completes and look for price action to rally off this level

scottFOREX

the next pattern i am looking at... not had a lot of luck in the markets today but hopefully we can pull back some pips with this bat pattern RSI oversold as we approach entry price

scottFOREX Updated 

bat pattern filled on use/cad rsi also oversold

scottFOREX Updated 

potential bearish cypher pattern on the USD/CAD looking to complete at 1.3178

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Target 1 hit! Stops Rolled To Break Even Aiming For Target 2's @1.4367

scottFOREX Updated 

bat pattern sell order has been triggered potential butterfly just above

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bullish butterfly pattern developing completion at 1.272 fib extension TP @ .382 and .681 fib retracement of AD leg stops placed below previous structure

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looking for a move up into the potential reversal zone highlighted in yellow around the fibonacci extension level of 0.786 in order to get short. This is a trend continuation trade and i am looking to achieve a lower low lower close below 2.03961 Risk reward ration around 3:1

scottFOREX

Bearish Bat 4HR chart stop loss below previous structure from the daily chart take profits taken from fibonacci retracements of the 0.382 (target1) & 0.618 (target2)