NZD/USD Bearish Cypher Pattern complete, looking for it to reach the 1º level 0.382
USD/JPY Bearish Gartley Pattern almost complete. Sell on 1.272 level, letter D. TP:500 pips
Hey guys, in case you don't know this is an harmonic advanced pattern formation that often times occurs in the markets. It is called Gartley pattern and it's made up of 5 different points all responding to certain criteria. The final D point is at the 1.27 extension of the AB leg and you can trade it both by placing your order on that level and waiting for price...
I think it's obvious! There's no need for explanation. FX_IDC:CHFJPY Good luck!
Bearish Gartley Pattern Rules, If any rule is violated, the pattern is invalid. The same rules can be used for a bullish gartley pattern.
Hey all, Just been entered Long in a GBPUSD Cypher on the 4H. Wasn't expecting to get entered into this but had my limit orders ready. Market has gapped down to entry. Make sure to follow your rules on if the market can or cannot gap and still be valid - for me and my backtesting, this hasn't mattered. Hoping for the usual targets, so will be paying attention to...
Hey all, Been watching this USDJPY potential Bat pattern formation now for a week or so. Recently broke 3 levels of structure (green lines) to the downside indicating we will be pressing down to a Bat pattern completion! Probably looking for this to happen early next week but we shall see. Good Risk Reward on this too if it happens - looking for target 1 and...
This is a butterfly setup that I have spotted on the H4 timeframe on GBP/USD. Its a solid retracement before going downwards. Lets see how this trade plays out. Should reach around .382 retracement and hopefully even reach 0.5 if we can get lucky.
Well here i left a nice trading opportunity,like i always says ,take a look and make your own conclusions. This is a Bearish Bat Pattern with a nice old support now become resistance and inside the(D) leg we have a Ascending Triangle .BTW Merry Christmas and God Bless everybody
Potential buy @1100 (Cypher PRZ)
So I have been doing a HUGE backtest on Cypher patterns. 2500+ hours and 15k patterns found on 26 currency pairs, 4 timeframes. Even did a YouTube video on it. Check out my YouTube page at karmasenge.com/youtube. The MAX win ratio that I could find is a 46% win rate on the USDJPY, Daily TF. And the average was around 43% win rate. Couple that with an inverse Risk...
Three potential advanced pattern formations that are on our radar here on the EURUSD.
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