Bullish Gartley pattern has formed on Monthly EUR/USD chart. An Inverted Hammer is almost complete on the monthly chart also. An Inverted Hammer candlestick is a potential reversal signal, especially on a longer time-frame like the monthly chart. Control your risk and this could be a very good long-term trade.
Wednesday, June 27, 2012
Monday, June 25, 2012
Bullish Gartley Pattern, 4-hr EUR/USD Chart
Bullish Gartley has formed on 4-hr EUR/USD chart. Very nice Symmetry and Bullish Engulfing candlestick pattern.
Thursday, June 7, 2012
AUD/USD Bearish Butterfly - 4-hr. Chart
Bearish Butterfly pattern has formed on 4-hr. AUD/USD chart. In addition, candlesticks have formed what I call railroad tracks ( two candles side by side with approximately same length and opposite colors ). CD leg of ABCD pattern is 1.272 x AB leg. D projection is very close to top of railroad tracks. The 127.2% extension of XA is around 0.9983, which is close to the recent high of 1.0000. see chart for full analysis.
Tuesday, June 5, 2012
Bullish Butterfly Pattern - AUD/USD, Daily Chart
Bullish Butterfly pattern has formed on Daily, AUD/USD chart. Nice candle spike down ( formed a Hammer ). Profit Target levels on chart.
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