shorting at 61.8 after recent double top... bat pattern currently in play 4hr time frame. Entry:106.793 Stop:107.149 Target 1 106.389 Target 2 106.013(61.8 of bat pattern)
double top followed by 61.8 retrace ... just for personal tracking purposes
at market double top with 1 hr divergence and 4 hr higher time frame divergence....market has been on a uptrend for a while and may be looking for some relief
potential 2618....Usdjpy had a nice bat pattern setup I took last Friday. Pattern hit 38.2 of bat and reversed to the downside. It set up for a nice 2618 opportunity the market broke the neckline of the double bottom and the market is currently coming down. Markets on 1hr hopefully will be oversold and I will look to buy with a limit order if market is oversold at...
nice trading opportunity profit targets are 38.2 and 61.8
If market pulls up into this level I will be looking for divergence on the rsi and for hopefully a evening star pattern or a candle with a long wick doji candle like the one on the left. My stops will go above previous top about 10 pips above the wick and take profit around 110.400's area. If you are more conservative look for 2618.
If market the pulls down into this level I will be looking for divergence on the rsi and for hopefully a evening star pattern or a candle with a long wick doji candle. My stops will go below previous bottom about 10 pips above the wick and a first take profit at 1.59500 and second at 1.60139 area. Reason for second take profit is eurnzd has been trending up for...
market seems to have began its uptrend and is retracing back to previous structure which used to be resistances. Hopefully previous resistances becomes support when pulling back in and provides buying opportunities.Within the blue box I will be looking for buying opportunities such as higher high higher close or if more conservative a double bottom. TP comes in...
possible cypher pattern on usdjpy....one to one measured move and 161.8 confluence completion at the cypher completion (113.145). Target 1 at 111.642 target 2 110.727 as you can see these are not the conventional targets of being exactly at the 38.2 or 61.8. I have adjusted them based of the market structure. This pattern is pretty big and will take time to play...
the market has been trending down for a while on 4 hr time frame....recently has been in a nice descending channel on 1 hr....previous double top (yellow bubble) (notice rsi downward divergence and upward movement on chart inside of yellow bubble) looking for shorting opportunity around 1.514142 (61.8) looking for possible evening star pattern or engulfing...
nice gartley set up.... price has pushed down to the D point and made a nice divergence move. Looking like a nice long opportunity if you look on 1 hr wedge is more clear you can see the divergence on rsi as price was moving down rsi was going up .... it broke the 1 hr structure and I am awaiting for it to return back to my horizontal line for a buy.... when it...
1 to 1 measured move, 161.8 extension of a to b to a, overall daily fibs at 61.8, all line up with a bat completion. 4 hr divergence drawn with red arrows on chart and rsi on 1 hr current double bottom forming and even on 15 minute chart another bat formation the gap closed with the wicks looking left at yellow bubble I have entered on the 1hr double bottom with...
this is looking like a great setup to get back in with the uptrend Eurnzd has been on for a while. Await for your personal confirmations. I will be looking for a double bottom,engulfing, or evening star pattern.
looking to be a nice bat pattern setup. There was an immediate reaction at the completion of the pattern. Now I am awaiting an entry with a double top. Once market comes up I will look on my rsi for divergence target 1 is 38.2 target 2 is 61.8
possible short has come pass the 61.8 allows for better entry use your own extra confirmations if necessary
looking like a potential cypher await more confirmations
double top 4 hr divergence stops above even handle number take profit a little above neckline can take target 2's at lower level
161.8 lines up well with bat completion await for additional confirmations....only looking at a tp 1 at 38.2 (bigger bat behind it in green) risk to reward is great!