First of all lets start with the big Bat pattern located in the 4HR timeframe.
Bullish Bat Pattern
Waiting for price to drop down to the 1.272 extension, which will give us a allready completed BAT pattern and makes sure we have a great RR. Stops placed about 20 pips beneath X, but should be adjusted to YOUR moneymanagement strategy.
Targets are located at the 38,2% and 61,8% retracement from the C to D leg.
Bullish Cypher Pattern
The bullish Cypher has allready completed, And is better seen on the 1HR timeframe.
Will not be making another entry on this. Rather see the price come back into the 1.72 Ext. from the BAT pattern.
Let me know if you were able to get in this Cypher pattern or looking to trade the BAT pattern.
Always looking for feedback on my analysis, so be sure to comment !
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Bullish Bat Pattern
Waiting for price to drop down to the 1.272 extension, which will give us a allready completed BAT pattern and makes sure we have a great RR. Stops placed about 20 pips beneath X, but should be adjusted to YOUR moneymanagement strategy.
Targets are located at the 38,2% and 61,8% retracement from the C to D leg.
Bullish Cypher Pattern
The bullish Cypher has allready completed, And is better seen on the 1HR timeframe.
Will not be making another entry on this. Rather see the price come back into the 1.72 Ext. from the BAT pattern.
Let me know if you were able to get in this Cypher pattern or looking to trade the BAT pattern.
Always looking for feedback on my analysis, so be sure to comment !
Follow me on twitter1.88% : twitter.com/PalmTree...ing]PalmTreeTrading/
Follow me on Tradingview : www.tradingview.com/u/PalmTreeTrading/
Followme on Instagram : www.instagram.com/palmtreetrading/
Comment:
The Cypher would have come out as a Target 2 winner! Congrats to those who manage to get in this.
