Akil_Stokes
Long

EURUSD DAILY CHART: Advanced Pattern Formations

FX:EURUSD   Euro Fx/U.S. Dollar
Hope you guys had a great weekend! As promised in my latest video we had a SPECTACULAR Q&A session yesterday with one of the main topics being alternate entries for advanced pattern formations (something that I'm not a fan of at all)

In this particular situation we have TWO potential Advanced Pattern Formations providing you with different levels of risk so there may or may not be a reason to look for that "alternate" reason (depending on your maximum risk rules) ANYWAY, In Green a potential bullish Cypher formation & in BLUE a potential bullish Advanced Bat Formation .

If you are going to use an alternative entry for this trade make sure you know what your trade is based off of.
Comment: We found a smaller potential bullish Gartley formation on the hourly as well
Trade active: Filled Long the Bullish Gartley at 1.1060 (See related idea link)
Trade active: Filled the Bullish Cypher Long at 1.0993
Trade Empowered "Empowering Traders Worldwide"

FREE Training & Workshops - http://buff.ly/2udJgeT
My Latest Trading Video - http://buff.ly/2tJbZ8G
Educational Services - http://buff.ly/2h2c5qg

Are u considering the A leg being from June 23. Which makes the D completion abit lower? :-)
+1 Reply
Akil_Stokes PRO MartinKirkelundLedet
no
Reply
Sorry Akil, I actually meant the X leg :-)
+1 Reply
Akil_Stokes PRO MartinKirkelundLedet
No problem
Reply
Hey Akil does it look like a good valid double bottom/retest on the Bat entry for another reason for entry?
+1 Reply
Double bottom looks okay, just be sure of why you're taking the trade double bottom vs. bat formation
+1 Reply
Kareem Akil_Stokes
Was looking to use the double bottom with divergence as kind of a confirmation to enter the bat as the stop is too big for me to place orders just on the bat itself.
+1 Reply
I got you
+1 Reply
Yea, Akil. Went with this bullish bat. Good risk reward.
+1 Reply
Nice! Best of luck with your trade
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out