1.Completed Cypher pattern 2. Price Is breaking the "channel" that is also the CD leg of the pattern. 3.Divergences on 60 min. If the X leg of the Cypher is broken the pattern is invalid as there is another big pattern on 240 min and price can goes up to 0.7140.
CADJPY has created a channel inside a channel and there is a high probability for one more small move down up to 80.20 or it can breaks to upside from where it is now. As we can see we have three perfect waves almost equal. The big wave i am looking is to upside.
EURAUD is near a decision price level as it just tested 200 EMA (Daily) and also the daily trend line. For more see on the chart. Good luck!
On 240 min AUDCAD made only a spike outside of trend line and tested 200 EMA. 1.Price tested previous structure 2.Trend line resistance 3. Price tested 200 EMA as dynamic resistance. 4. We don't have divergences yes 5. On 60 min time frame price closed below 200 EMA and tested it. So all of this are good indications for going short again. This is only my view on...
AUDCAD: Completed bearish BAT pattern 1.Completed bearish Bat pattern 2. Near retesting 240 min trendline and 61.8 Fib.Retracement
On 60 min we can see a potential bearish BAT pattern. 1.This can be a continuation patter for the downside. 2. Also we can see that AB CD leg is developing a 5 wave structure. So price can correct ABCD wave and it can continue to upside. The confirmation for a change in direction of the trend will be after the break of 240 min trend line. This is only my view.
On EURJPY we can see a potential bullish Cypher pattern. Be careful as the price can also extend up to the daily trendline. Good Luck.
My view for EURJPY on daily. Details are on the chart. For any buy see for a bullish pattern created at the leg of the last wave down.Good Luck!
EURNZD is creating a Potential Contracting Triangle with a Garley in the middle. So the price is in a critical point. It can break to upside by by completing the 4 wave as a flat correction or it can goes with the completion of the contracting triangle. Good Luck
EURCAD just comleted a bearish Gartley pattern on 60 min. If it works the minimum target is the leg of the structure. We can see divergences between AB and CD legs and usually this is a good sign. Don't forget the dominant trend is to upside and we are in correction. 1.Completed bearish Garley pattern on 60 min. 2. Divergences between AB=CD Good Luck
AUDCAD completed a Butterfly pattern on its big bunch of pattern and it looks that this can be the end of the up move as the confluence zone is very strong now. Butterfly patterns are ending structures and they usually signal the end of the trend and the beginning of a new trend. 1. Completed Bearish BAT, Bearish Cypher and Bearish Butterfly on 240...
The big bunch of bearish patterns development on 240 min. Bigger view. 1. Completed Bearish BAT, Bearish Cypher and Bearish Butterfly 2.Completed ABC structure (blue arrows) 3.Divergences Good luck
On 240 min we have a bearish CYPHER pattern completed and a bearish BAT pattern. Blue arrows create an ABC structure at the BAT completion point. So the red box can be a strong resistance zone for a sell setup. We can see also divergences. Wait for confirmation before entering the trade. 1.Bearish Cypher & BAT patten 2. ABC structure 3.Divergeces
Potential Bullish Cypher pattern on 240 min. As the market is very volatile i would prefer the price to retest the red box before considering any buy, because that is place has served as a strong support zone several times. Good Luck.
Price is breaking a strong resistance zone (green) and we have a potential bullish BAT pattern that completes near the trend line and in this situation we have a trend continuation pattern. There is a high possibility that price can reverse in the yellow zone. For more see on the chart. Good Luck
Price on the last wave on EURAUD looks overextended and it is testing now a strong resistance zone. I am looking for two possibilities of correction before considering any buy opportunity. Target zones are on chart. Good Luck.
1.Bearish Cypher pattern on 240 min almost completed 2.ABC structure on CD leg of the Cypher that can extend up to the blue box. 3. Resistance from 200 EMA So the overall trend is developing to upside. So you can play the Cypher for Sell opportunity or you can wait for price to retest the left structure (red box) and to see prices there how they will develop...
Potential Bearish Cypher pattern (yellon) on 240 min. As GBP is one of the currencies that extend the price more than the others i would prefer to sell this Cypher at 0.8800 price or better inside the green box. If the price will break the X point of the yellow Cypher then there is a high possibility that the price can extend for the BAT pattern (red) at 0.9120...