Price action is crucial to determine a bull move. RSI OVERSOLD Watch carefully, stoploss should below previous support
Probably a crab pattern? This pattern has a high reward-to-risk ratio because you can put a very tight stop loss. The “perfect” crab pattern must have the following aspects: 1.Move AB should be the .382 or .618 retracement of move XA. 2.Move BC can be either .382 or .886 retracement of move AB. 3.If the retracement of move BC is .382 of move AB, then CD should be...
Cypher pattern on daily chart In a perfect Cypher pattern the AB leg should be a 0.382 or 0.618 retracement of the XA leg, and the C point should be a 1.130 to 1.414 projection of the XA leg, and the D point should be a 0.786 retracement of XC. Will likely look for short around 1.146
Look for pullback and short again Never chase the price
Divergence is detected at below as well. What you guys think?
Does it look legit? What do you guys think?
Look at the chart, don't trade if you don't understand. The Bat 1.Move AB should be the .382 or .500 retracement of move XA. 2.Move BC can be either .382 or .886 retracement of move AB. 3.If the retracement of move BC is .382 of move AB, then CD should be 1.618 extension of move BC. Consquently, if move BC is .886 of move AB, then CD should be 2.618 extension of...
LOOK ON THE CHART PATTERNS IF YOU DONT UNDERSTAND, DONT TRADE!
ABCD PATTERN DONE, TIME TO SHORT THIS PAIR. I'M ALL IN BTW GOOD RR.
Risk and rewards look real good here. Still waiting?