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...
Completed bearish BAT pattern. Be careful as the trend to upside is really strong and the price can goes deep in the red zone. Also if we see on the daily chart the price can retest the 200 EMA before correction as it is too near.
There is a potential buy opportunity on USDJPY. Price retraced up to 38.2% Fib.Ret CD leg of Cypher. Now it is retesting for the second time this zone and 200 EMA &100 EMA are creating a strong support. Anyway price can retrace up to 113.20 before going higher or it can bounce from the level where it is now. For more on USDJPY see "related ides". Good Luck
Bearish Cypher pattern on 240 min. Wait for a solid break of 200 EMA for a sell. For the moment the price is above the trendline.
CADCHF almost completed a triangle. Let's see if it creates a bullish pattern near trendline.
Potential bullish BAT pattern in 15 min and a completed Garley pattern on 240 min.
Short term sell. Be careful as the price can go higher because the 240 min trendline is broken, but if it works it can turn in a good trade.