jmendozafx

jmendozafx

4 hour kiss of death short

jmendozafx

EURJPY seems to be developing a potential bullish Gartley pattern on the hourly time frame. (X-A) impulse leg extends its toes to the 129.18 price area, followed by (A-B) leg retracing to the 61.8% retracement area. (B-C) follows next with a wick or two poking past the 88.6% retracement. Prospective (C-D) leg completion is noted at 127% extension of (A-B) leg and...

jmendozafx

On the Swissy hourly time frame, we've noticed a potential bearish Bat pattern is forming. X-A leg is clearly delineated completing down at .95860's followed by A-B retracing approx. 55%. B-C retraces just touching the 78.6%. Prospective C-D 88.6% retracement completion around .97450's

jmendozafx

Bullish bat pattern developing on Swissy. We have the (X-A) leg completing at .97728, followed by the (A-B) leg retracing 57%. (B-C) then retraces 96% to .97657, but as you can clearly see it does not violate our (X-A) leg high, so we are still in play. (C-D) leg's 88.6% potential completion comes in at .94760's above a notable level of structure.

jmendozafx Updated 

As the bears begin to push the Aussie down, we notice the likes of a bullish bat pattern forming. A clear impulse leg (X-A) bouncing off .7962's, is immediately followed by a 60% retracement of the (A-B) leg. The (B-C) leg then retraces 79% of the (A-B) leg and is fended off at .7943's. Currently we are watching price proceed down and are eyeing the potential...