1st target 149,66 which 61,8% fib retracement??
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1st target 149,66 which 61,8% fib retracement??
Of course fad is long, but in the mean time: It must be shed. , only in the future... pls wait.
It ought to found sellers around 149-150Quote:
Originally Posted by ;
price should consolidate there until resuming the downtrend and seem to check 145
Upgrade from yesterday's tradeQuote:
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all target hit
sold 1 48.95 , I am your first sellerQuote:
Originally Posted by ;
https://forexintuitive.com/attachmen...7701978551.jpg
It broke out above it. I think it may even hit 150.00.Quote:
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Also Seeking to 150.000Quote:
Originally Posted by ;
upgrade again
there's another harmonic pattern I found after seeing the H4 TF, which is the Bearish Butterfly
https://forexintuitive.com/attachmen...1294597456.jpg
gosh the Currency Market world is actually complied and interesting ...
2 harmonic patterns in one chart (can be seen through H1 TF and H4 TF)
but I tend to think that this Bearish Butterfly should negates the Bearish Crab pattern I mentioned in the post above, since LARGER WAVE always overwrites the SMALLER WAVE
which is why u can try your luck selling now (in my prior post) in 149.00, with SL in 149.40 and try target possibly 61.8 percent of those Crab CD leg in 148.40 (or possibly not hit)
but eventually I think...
the Bearish Butterfly after matching all criteria accurately
should watch price reach 261.8 percent of BC leg in 149.76 , collectively with confluence of the Monthly Pivot in 150 level, GBPJPY should see a sharp drop
see photo below:
bearish fur rule details infusion from:
http://forextraininggroup.com/tradin...ern-structure/
XA: This is the first move that creates that pattern. No rules are required for this particular move.
AB: The B point is the most critical amount for the Butterfly pattern also it should retrace 78.6 percent of XA leg.
Https://forexintuitive.com/attachmen...1343530160.jpg
BC: The BC move should take the 38.2 percent or 88.6 percent retracement of the AB move.
Https://forexintuitive.com/attachmen...6639629359.jpg
CD: If BC is 38.2 percent of AB, then CD is Very Likely to reach at the 161.8% expansion of BC.
On the flip side, if BC is 88.6 percent of AB, then CD is likely to reach at the 261.8% expansion of BC.
Https://forexintuitive.com/attachmen...8654592976.jpg
AD: Then, the Overall AD transfer that consists of AB, BC, and CD should be 127.0 percent or 161.8 percent of XA. (THIS CRITERIA is not matched, if CD will to go 261.8% then it will surely move above 161.8 percent of XA)
https://forexintuitive.com/attachmen...0564673079.jpg
After 8 bullish times we return to examine two significant levels that were broken about two weeks ago. https://forexintuitive.com/attachmen...1195150490.jpg
I think it is certainly possible, despite the correction it's forming right now.Quote:
Originally Posted by ;