Took a short at 146.26 H1 signs of downtrend. D1 reversal candle
Potential shorting opportunity. A couple of points to discuss, starting with Positive notes: D leg completes at a .618 Fib, which is also at a strong resistance level on Daily chart. The pattern had repeated itself multiple times. It is also in the higher price scale of 2016. Negative notes: Looking at Higher time frame, there is a very...
Potential Short Entry D leg (AB=CD pattern) completes at Resistance area which is also the highs of 2016. Confluence area on 51.93. I will be patient and discipline to watch for signals to enter.
After an aggressive 18 days of an uptrend, the trend broke and is slowly potentially forming a Bat Pattern. Looking for a short entry opportunity. I will look out for signals to short.
We have a ABCD completed. I took a conservative approach to this trade and waited for the trendline to break and waited for a fib 618 before entering.
Trend line had broken through after ABCD pattern completes with divergence on RSi Aiming for 3 Targets.
EURJPY completes ABCD. Looking for signals to short.
Good opportunity to Short as a BAT Pattern C to D leg is forming. Watching this the next few days and will be looking for price action around the 80.900 - 80.950 level to signal to short. 3 key points why I want to short this. High time frame shows this pair is still on a downtrend Bat pattern is formed right at the height of the parallel channel ...
Completed Bullish Bat Pattern on the AUS200 Hourly Chart. List of confluence Trend line is holding really strong Double/Tripple bottom shows strong support Pattern is completed at 886 and quickly bounced. Hourly Candle shows strong buyers/bull
My view on the Daily/H4 on USDJPY is that it is currently in consolidation. On the Hourly Chart we have an ABCD pattern formed at a Support area and also at the height of the parallel channel. Aiming for 382 for T1 and 618 for T2 P.S. My view is for education purposes only and I welcome all constructive comments for my own learning. Thanks