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Fibonacci-confluence

EUR.CAD - Bearish Bat Pattern 1.4845On the EUR.CAD 1h chart we have a potential short opportunity at the D leg completion of a Bat Pattern The price reversal zone on this pair is between 1.4845 & 1.14873 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Fibonacci Confluence: 88.60% - 1.414% and 1.618% Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the A to D move. There is also opportunity to look for extended targets at around 1.4626 Stop loss would be placed above X leg structure resistance. Website: www.UKForexSignals.com Instagram: www.Instagram.com Instagram: www.Instagram.com
Short
by UnknownUnicorn180388
2
EUR.AUD - Cypher Pattern + Extra Confluence On the EUR.AUD 15 min chart we have a potential short opportunity at the D leg completion of a Cypher Pattern The price reversal zone on this pair is between 1.5378 & 1.5400 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. AB-CD completion just above the Cypher pattern at 1.5384 161.80%, 88.60% & 141.40 Fibonacci confluence at the D leg completion. Potential targets for the Cypher Pattern placed at the 38.20% and 61.80% retracement of the C to D move. Stop loss would be placed above 1.5400 psychological number X leg structure resistance. www.UKForexSignals.com www.Instagram.com www.Instagram.com
Short
by UnknownUnicorn180388
EURCAD Fibonacci and structure confluence pointing up.Technical Outlook EUR/CAD had a long rally followed by this down channel which cloud end up as a retracement if EURCAD went up. There is a lot of structure at 1.43482 and there is a fibonacci 3.82 level close right at 1.42677. I can't say now what this pair will do because it depends on oil prices and fundamentals, but i expect a short term rally when price reaches 1.42677, but i will be looking for other signals like bullish divergence and/or double bottom. So there i will be looking for a counter trend opportunity. IF ( price reaches 1.42677 and signals a loss of momentum or a bullish divergence or gives a double bottom.) THEN (I will buy looking for some short-term profits) Thank you for viewing and if you like my stuff please like and follow. As always good luck and till next idea!
by Wizard
1