Oztrade

BULL CYPHER BULL GARTLEY BEAR BAT - USDCAD - ADVANCED PATTERNS

FX:USDCAD   U.S. Dollar / Canadian Dollar
271 6 2
Hi All, I wanted to share these potential patterns we see forming here on USDCAD             1H Chart

I haven't marked the entries stops and targets because the chart would be very cluttered

BEAR BAT - BLUE
STANDARD ENTRY 88.6% @ 1.34013 -
MIN STOPS @ 1.34302
TARGETS WILL BE 38.2% FOR T1 - CURRENTLY 1.33587 - T2 61.8% 1.33322 - Will adjust targets on D completion for all patterns

BULL CYPHER WHITE
STANDARD ENTRY - 78.6% - 1.32533 -
MIN STOPS 1.32155 -
TARGETS - T1 38.2% @ 1.33267 and T2 61.8% @ 1.33607

BULL GARTLEY - ORANGE
STANDARD ENTRY WILL BE SOMEWHERE IN THE GREEN AREA - AS WE KNOW GARTLEY COMPLETION IS 78.6% with 1.272 FIBONACCI EXTENSION AND AN AB=CD MOVE Providing us with the kill zone entry level.
ENTRY @ 78.6% @ 1.32533 or 1.272 FIB EXTENSION @1.32558
MIN STOPS @ 1.32155

Remember to adjust your targets after we have D completion - and when target 1 is obtained stops are moved to break even.

IF BAT A LEG IS VIOLATED PATTERN IS INVALID
IF CYPHER C LEG CLOSES BEYOND 1.414 FIBONACCI EXTENSION PATTERN IS INVALID
IF GARTLEY A LEG IS VIOLATED PATTERN IS INVALID

Good Luck and Happy Trading

If you want me to post separate with my normal targets marked on screen just send a message
Is bat pattern still valid?
Reply
Oztrade aaahmed12
Invalid we broke and closed above X - very risky if you took this now.
Reply
Oztrade aaahmed12
You could enter and have a very tight S/L personally I dont enter trades after a pattern is violated. Price can either go up down or sideways all the best - I got stopped out by 1 millionth of a pip in my trading platform.
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aaahmed12 Oztrade
Thank you OzTrade!
Reply
Good job! I'm short off the bat now...
Reply
Excellent again lets see where this one goes. As we know CAD has been very strong over the last few months. If this comes back down to fill our targets I will look at the potential Cypher Reverse @ 133241's - X leg @ 132982's
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