Price overextended at this point. I expect a Crab to be formed and a double top at least before market will had down to 110.215 area. This will be a point for a Bullish Cypher completion and then , if price action confirms I am planning on taking my long position all the way to 119.00 area where big naughty Crab will complete again for a bearish move. Not to...
We have a Shark and I would like to risk one more breath on this pair. Target 07839 for a nice Bearish Bat that will get us down again. SL 07521 for conservative and 074960 to allow more breath. Kind of counter intuitive this one, but who predicted Brexit? (not me) or Trump? (ok except Trump).
Currently I am bearish on this pair with take profits at 10744. I do see a possible rebound with a Gartley , so I will watch the price action at PRZ. Most important level should be AB=CD. Also , keep in mind that a failed Garley could form a Crab, and with all the fundamentals and the rate hike we are prone to all kind of violent moves that can easily wipe out...
Price makes huge moves on this one and your SL it might be easily taken out. Based on a Crab,I am looking to a retracement to 277.669 level area before resuming the uptrend.
Berish Butterfly on Hourly. As per Carney, when this pattern shows up, it might signal the end of a trend. This is just one of the scenarios so trade with a tight stop loss. Mine is 0.77790 , having all resistance broken for this trade and this scenario. TP not set as I am planning to follow close this trade if it works.