madi052893trading

Bracketing the market with two advance patterns + BIAS and POV

FX:EURUSD   Euro / U.S. Dollar
184 1 12
Hi guys we got a near to complete bearish Cypher pattern by which we can enter short prior to our bias that the X point of our Bear Cypher could be our A point of our potential Bat pattern . So price breaking the red line (Bat POV) would invalidate our bull Bat pattern setup. Above that we also got a potential Bearish Gartley Pattern. And take note of the upper trend line as it could hit our potential bearish Cypher pattern. Will it make or Break? A breakout below the lower trend line can give us another aggressively short position and target would be on a potential bullish bat pattern setup by which could give us another LONG opportunity.

Bear Cypher:: 1.0608. Stops above the X point.
TP1 and TP2 would be the 38.2 and 61.8 of the Patterns CD point, so with the extended target on the Bull Bat pattern.

Bear Gartley Pattern: 1.0639

Bull Bat Pattern: 1.0507
Comment: In 30 mins we got a high impact new coming with the USD. Expect for a movement.
Trade active
Trade closed: stop reached: if you have taken the cypher pattern. Now waiting on the bearish Gartley to enter our trade SHORT. And take note that the Bull Bat setup is also already invalid.
Comment: Take note that we have still a valid Gartley Pattern. Watch closely if price would reach our price level for the gartley completion as we can go and take another bearish pattern which is a deep gartley that will complete on the 127.20% AB extension of the Gartley's structure.
Agree with you -- good luck!
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