Akil_Stokes
Short

EURJPY 1 Hour -- Bullish Bat & Cypher Formations Setting Up

FX:EURJPY   Euro Fx/Japanese Yen
Two potential advanced pattern formations setting up on the EURJPY             hourly chart. In yellow, a potential bullish bat formation at 115.14 & in purple a potential bullish Cypher formation at 114.63
Comment: Should be "Long" not "Short" in the title
Order cancelled
Hi Akil. You have "SHORT" at the top of the chart .
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johnjlw scairns
@scairns, looks like we won't get reply here(lol)\

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@johnjlw, Come on John, you know i reply to everyone
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@scairns, Sorry, must have it shot by accident instead of "long" thanks for catching that
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Hi Akil
T.P ares??
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@johnjlw, I'm looking for the traditional 38.2 & 61.8 fibonacci levels for targets, no a trade where I would look for anything extended
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Hi,
In this case, which patterns has higher chances of completing ? Which criteria you use ?
I give great importance to the fib alignment on the PRZ. Would like to know your opinion.
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Akil_Stokes PRO purpurato59
@purpurato59, I would say that the Bat has a higher chance of completing, but only because it occurs first. Since the cypher is lower, it can't complete without the bat being triggered first.
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Akil_Stokes PRO purpurato59
@purpurato59, With advanced pattern formations I enter agressively at the fibonacci completion point, so i don't personally look for killzones when it comes to this type of trading. Structure based and trend continuation trading, well that's a different story
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Hi Akil, this is a comment from captain obvious...clearly these are buy trades but at the top is says "short" in the little red box...:-)
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jeanienyc PRO jeanienyc
@jeanienyc, nevermind...didn't scroll to see that there were already comments and replies about that...oops
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@jeanienyc, Yeah sorry about that, sometimes I rush to post and don't realize which one I hit
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Akil see all these hours of teaching you patterns is working out your getting good at this trading game lol
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@Ian.Watts, I appreciate all of the hard work and effort Ian...now if only I could get that crab down lol
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Ian.Watts Akil_Stokes
@Akil_Stokes, thats a special one Akil takes years of back testing.
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Akil, will it go towards 115.14 before it goes bullish ?
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@sundark, I'm not sure. If there's one thing that I know about the market, it's that it will do whatever it wants, whenever it wants to and that I have no control over that.
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Even though this is EURJPY, Could you please share a comment, Many thanks
snapshot
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Akil_Stokes PRO IvanBonilla
@IvanBonilla, What exactly would you like me to comment on?
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IvanBonilla PRO Akil_Stokes
@Akil_Stokes, hi Thanks!! could this be a potential 2.618? Regards!
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Akil_Stokes PRO IvanBonilla
@IvanBonilla, Yes it could be
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