On my higher timeframe I identified which side of the market I want to be on and an area where I would look for a potential opportunity to get involved! I dropped down to my trading timeframe where I found two areas that were of interest, these were two areas where we have ratio confluence! I went down to my lower timeframe and identified a potential Cypher Pattern that completes at the the first set of ratio confluence giving us a good reason to Short the market if price pushes there!
This is another great and powerful way you can implement patterns into your trading to provide potential trading opportunites, narrowing down of a potential zone and giving a valid reason for entry!
Before you leave, hit that like button, comment and share away, your continued support means alot and I would love to hear your feedback!
Ric
Smart Trading FX
Trade closed: target reached
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Target 1 Hit
Comments
yellowfxg
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Great Analysis...
SmartTradingFX
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Thank you!
DerekUweri71
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Hi There, where's your Higher Time Frame analysis?
SmartTradingFX
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Hi Derek, this zone was highlighted on the 4H timeframe, trading timeframe was 1H and lower timeframe being the 15M where this pattern was identified as my reason for entry! Hope this helps! Any more questions feel free to ask!
Ric
DerekUweri71
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Hi , Thanks for your prompt reply. I fully understand. I mistakenly thought you had higher time frame patterns, but you have HTF levels. I'm waiting for a Gartley completion at 0.6960 level.