GBPUSD A Rally Is Possible, Daily Bollinger Bands Are Squeezed if the 1.30123 level is breached with a confirmed breakout
AUDUSD Cypher Pattern Forming, Still Bearish 1. AUDUSD came very close to 78.6 Fib level (0.67672) but did not touch it so we still do not have a valid Bullish Cypher Pattern. So we expect it to come down again and complete the cypher pattern. Overall it is bearish anyway. 2. On 4H Chart it is showing a fib confluence at 0.68257 so we can have a short entry from...
EURGBP 1H Possible Push Ahead Towards 200SMA and ALT Bat Pattern
GBPAUD Bullish Fib Confluence with 200SMA
GBPNZD Buy Opportunity At Market, Fibonacci Confluence, 200 SMA
EURUSD Trend Shift On Higher Time Frame, Huge Rally Expected? 1. EURUSD has been forming Lower Lows from point X to all the way to point A. However at point A it created a divergence double bottom ending down trend. 2. Point B was created at 50% of XA. 3. Last week's rejection at 61.8AB (1.09885) is a possible confirmation of Higher Low at point C If that level...
EURAUD Bullish Fibonacci Confluence Technically it is not a BAT pattern however it has a confluence of 1.618 and 0.886 Fibs creating a good confluence. H4 chart has 20SMA at the same area making confluence stronger We have a cross trend line adding to the confluence
NZDUSD Bearish Bat Pattern in a bear month 1. The month of November is expected to form a bear candle hence we are looking for a short opportunities. 2. There is a bearish BAT pattern forming at 4H level. 3. The pattern has already started but because there is a Bull Candle which completed the Bat pattern, we are expected to get a divergence. If that happens, we...
GBPUSD Turning Bullish, Bat Pattern Fails, Alt Bat Forms 1. GBPUSD is turning bullish on monthly time frame which can lead to 2 possibilities: Bat pattern that has been formed but not completed yet (0.886 XA not touched yet) gets completed and then we get a bearish move OR as 200SMA is just above, we get a bullish move in coming 2 weeks to complete ALT bat...
GBPUSD Short Term Long Opportunity 1. Both Monthly and Daily charts are turning bullish 2. On Weekly time frame 200SMA is within reach just above 1.3 level which can attract it 3. On Weekly time frame the Bat Pattern has not been completed yet and is possibly failing due to flag formation. If it fails, we will have ALT bat above 1.3 price level
EURUSD Bat Pattern Developing For A Bull Entry: 1. 0.886+1.618 Fib confluence is where it completes and gives us an entry for Long 2. As the overall trend is still down on weekly, we can target 38.2 retracement level as target. 3. Stop will be just below 1.13 fib extension.