EUR/JPY Cypher & Bat Pattern

Euro Fx/Japanese YenFXCM

Description

⋅ Sep 27, 2015 8:44 AM

EUR/JPY - Cypher & Bat Pattern.

On today's EUR/JPY 1hr chart we have a potential long opportunity at the D leg completion of the Cypher Pattern ( White ) 133.627

If price can break can complete between 133.977 & 133.117 we will also have a C leg completion of a larger Bat Pattern ( Pink )

Although 133.977 & 133.177 is a large PRZ zone, it is only a guideline of where we will be paying more attention for trade setups and opportunity's.

Potential targets for both the Cypher & Bat Pattern will be placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below / above X leg structure support / resistance.

UKForexSignals.com

Comments

dwifersiandi

⋅ Sep 28, 2015 8:05 AM

nice chart.
i am newbie...
how you make triangle pattern full color
if any indicator
give me. please

UnknownUnicorn180388

⋅ Sep 28, 2015 8:09 AM

To draw the triangle simply click the arrow brush and select triangle.
If you still can't find it contact a MOD they may have a diagram to send you.

ChimbOt

⋅ Sep 28, 2015 12:05 PM

have u covered?

UnknownUnicorn180388

⋅ Sep 28, 2015 2:32 PM

I only execute my trades at a D leg completion of a pattern.

izogawa_trading

⋅ Sep 27, 2015 11:04 AM

Thanks!

izogawa_trading

⋅ Sep 27, 2015 11:01 AM

Hey mate; looking at something similar myself.

UnknownUnicorn180388

⋅ Sep 27, 2015 6:42 PM

Hi,
That's awesome, best of luck.

UnknownUnicorn180388

⋅ Oct 7, 2015 4:56 PM

How To Trade The Cypher Pattern.

UnknownUnicorn180388

⋅ Oct 7, 2015 4:55 PM

How To Trade The Bat Pattern.