Hi All, I wanted to share these potential shorting opportunities here for next week trading.
Not sure if we will see the large BAT pattern hit these levels next week but anything could be possible with the current situation with the US Dollar, I would expect next week and halfway into the following week we see USD pairs continue downwards and other pairs like AUDUSD and EURUSD see bullish moves.
I have marked 2 key levels which I will be focusing on when price gets there. Being these 2 advanced patterns.
As always Stops Entries and Targets marked
Orange Big Bat - Stops Red - Targets Orange Lines
Entry just below 88.6% - Stops Minimum 113% above X - Targets just above 38.2% and 61.8%
Smaller Bat - Blue - Entry just below 88.6% - Stops Minimum 113% above X - Targets just above 38.2% and 61.8%
Remember to adjust targets after we have a completion of the D Leg and price starts to move downwards.
If anything else forms within next week I will update charts accordingly
I will be hoping for long opportunities up to these levels as well.
Good luck and Happy Trading this week.
Not sure if we will see the large BAT pattern hit these levels next week but anything could be possible with the current situation with the US Dollar, I would expect next week and halfway into the following week we see USD pairs continue downwards and other pairs like AUDUSD and EURUSD see bullish moves.
I have marked 2 key levels which I will be focusing on when price gets there. Being these 2 advanced patterns.
As always Stops Entries and Targets marked
Orange Big Bat - Stops Red - Targets Orange Lines
Entry just below 88.6% - Stops Minimum 113% above X - Targets just above 38.2% and 61.8%
Smaller Bat - Blue - Entry just below 88.6% - Stops Minimum 113% above X - Targets just above 38.2% and 61.8%
Remember to adjust targets after we have a completion of the D Leg and price starts to move downwards.
If anything else forms within next week I will update charts accordingly
I will be hoping for long opportunities up to these levels as well.
Good luck and Happy Trading this week.
