Reversal Patterns

HERE IS EURGBP AFTER THE BREAK IN THE PRIOR POST. GOOD LUCK TRADING.....

 

With the EUR rushing up last Thursday into the end of the week... Perhaps a reasonable pull back then new highs for 06

 

Currently in a buy on the MACD and could potentially reach a large sell in the 1.330's........

 

Looks Short for the time being... Question is where to bottom??? Time will tell.....

 

SHS is the bull head and shoulders pattern where the XABCD is the possible gartley pattern. It i interesting to see the last 179 pip low brought a large bull run. once again there is a 179 pip low lets see if we have another large run up. Would be ironic.

 

Looks like EUR/GBP is moving along just fine. In tune with the gartley pattern. Perhaps Mon-Wed next week is down hill.

 

USDJPY looked short and was short.... Good trading all. lets see what next week brings......

 

Sorry for the last post. It was supposed to be USDJPY.... Ill update it. It was the past H&S pattern completed. If interested look at your hour charts.

 

Doesn't a broken bat qualifies as a crab, a broken crab qualifies as a butterfly, etc etc?

 

Please elaborate.... What do you mean by broken. To be honest i never called any pattern a crab, or bat, just gartley reversal or butterfly reversal. Butterfly the X-D extension tends to be larger than the gartley X-D extensions. That is the only difference, and AB=CD in price on both patterns.