Our primary trading pattern is Bearish Cypher, if price shoots up to 1.08514 upon completion, a potential reversal zone which offer us a chance to get short. If price action goes as plan, then a secondary trading pattern will be Bullish Gartley, it forms around 1.07287, a potential reversal zone as it respects to previous consolidation area. Blue box is the...
1) Bullish Gartley Pattern 2) AB = CD 3) Structure Confluence
We can see that the pairing has started heading to the bullish direction by breaking the 0.70982 resistance line. For now, going long is the best option where there is no sign of bearish evidence at the moment. A potential bullish bat pattern also appeared as we can see from the chart, the entry of the Bat lines up perfectly to the highly respected area,...
1) BAT PATTERN @ 1085.42 2) CYPHER PATTERN @ 1078.91 BAT's stop place just below Cypher's entry to have better insurance which the entry acts as a support..
1) Bullish Gartley @ 0.76193 2) Bullish Bat @ 0.76035 3) Bullish Cypher @ 0.75710 4) Trend Continuation 5) Fibo Confluence Trend : Bullish (one of the reasons to go long)
1) Bullish Gartley @ 2.05309 2) AB = CD 3) Previous key S&R 4) Ext. 1.272 of AB Price now at C, possible turn into bull gartley.
1) Bullish Cypher @ 1.0877 2) Triangle formation, possible bounce back at support (blue dotted)