UnknownUnicorn789863

UnknownUnicorn789863 Updated 

On the 4hour chart a Bullish Gartley has printed but would be validated by a close below 1.272 and 1.618.

UnknownUnicorn789863

A D completion at 0.786 would validate a bearish cypher.

UnknownUnicorn789863

A complete ABCD pattern on the 1hr chart

UnknownUnicorn789863

A break above my resistance or below my support would confirm a trend towards that trend.

UnknownUnicorn789863

Buy at current level with a target of 79pips. If it breaks above resistance waith for a close above the resistance and trail your stops

UnknownUnicorn789863

As you can see the market has been unable to break the previous resistance trendline, the market is more likely to retrace to the 0.382 level on the fib as target 1 and 0.5 level as target 2.

UnknownUnicorn789863

Lets wait for a break either the uptrend or a downtrend to confirm the direction of the market, as you can see the market is in consolidation. confirm on the 15minutes chart.

UnknownUnicorn789863

A close above the 1.272 and not above the 1.414 validates a reversal to a downtrend to the 0.786 level. Lets sell

UnknownUnicorn789863

EUR/USD a close below the 1.272 and not below the 1.414 fib extension validates a reversal in the market. As you can see the trend line has been the EUR/USD support for quiet some time. Follow me as i move with the markets.

UnknownUnicorn789863

USD/CAD in the 1hour chart, the price broke above my resistance trendline, in this case the market is more likely to rally up to the 1.272 and 1.414 extension levels. A close above 1.272 and not above 1.414 would indicate a reversal in the market to form a complete gartley from the ABCD pattern to form.

UnknownUnicorn789863

A cypher reversal has signaled though there's inconsistencies of a close below 1.414 on the extension.

UnknownUnicorn789863

A hit at point D level 0.786 would confirm a reversal to an uptrend, only is the close is below 1.272 but not below the level of 1.414. the best thing to do is to wait for confirmation.

UnknownUnicorn789863

Its bears tme to shine

UnknownUnicorn789863

I opened this position 2days ago with anticipations that the pair is more likely to reverse, using the ABCD reversal.