TomHall
Short

USD.CAD - Bearish Bat & Cypher Setup - 1.3507 & 1.3517

FX:USDCAD   U.S. Dollar/Canadian Dollar
3 months ago
On the USD.CAD 15min chart we 2 potential trade opportunity's at the D leg completion of Bearish Cypher & Bat setup.

Bearish Bat Setup ( Blue ) - D leg completion 1.3507
Target 1 - 1.3486
Target 2 - 1.3473

Bearish Cypher Setup ( Grey ) - D leg completion 1.3517
Target 1 - 1.3493
Target 2 - 1.3477
3 months ago
Comment: USD.CAD - D leg now complete at 1.3517
3 months ago
Trade active
3 months ago
Trade closed: target reached
2 months ago
Comment: A minor pullback to 1.3456 is expected.
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Abozahra PRO
3 months ago
The king of harmonics! :)
+2 Reply
TomHall TOP Abozahra
3 months ago
@Abozahra, lol Thanks very much!
Have a great weekend.
Reply
Abozahra PRO TomHall
3 months ago
@TomHall, You too! :)
Reply
Mayz
3 months ago
Whats the difference between those setups?
Reply
TomHall TOP Mayz
3 months ago
@Mayz, I have attached below the difference in trading them for you.
Reply
TomHall TOP Mayz
3 months ago
@Mayz - Learn to trade the Bat setup


How To Trade The Bat Pattern.
Reply
TomHall TOP Mayz
3 months ago
@Mayz, - Learn to trade the Cypher Setup


How To Trade The Cypher Pattern.
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puterae1 PRO
3 months ago
hi tom, thanks for your chart setup, may i know whether do you use rsi indicator or divergence as filter for your entries.
+1 Reply
TomHall TOP puterae1
3 months ago
@puterae1, Hi, my pleasure.
I do indeed use RSI for divergence.
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willzhang6
3 months ago
Hi Tom, it looks we are at the place to short, am I right? many thanks
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TomHall TOP willzhang6
3 months ago
@willzhang6, Hi,
That is correct, the D leg on the Cypher setup is now complete.
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willzhang6 TomHall
3 months ago
@TomHall, Thank you. shall we go for it? anyway, have a great weekend!
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TomHall TOP willzhang6
3 months ago
@willzhang6, My pleasure.
I can't advise but if it fit's your rules then look to enter.
You have a great weekend also.
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MarkSterensohn TomHall
3 months ago
@TomHall, mate , but the C Cypher leg is at 1.618 level and exceeds 141%!? Is this Cypher a valid setup?
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TomHall TOP MarkSterensohn
3 months ago
@MarkSterensohn, For me personally it doesn't exceed the 1.414%

snapshot
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MarkSterensohn TomHall
3 months ago
@TomHall, pretty strange ... i have zhe same chart , but another numbers
snapshot
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TomHall TOP MarkSterensohn
3 months ago
@MarkSterensohn, If i can see properly it looks like the fib is draw to and from the wrong location.
+1 Reply
MarkSterensohn TomHall
3 months ago
@TomHall, from A to B
snapshot
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TomHall TOP MarkSterensohn
3 months ago
@MarkSterensohn, Try using the Fib extension tool from X - A and back to X
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MarkSterensohn TomHall
3 months ago
@TomHall, now it's different of course. So it's correct to measure C leg in Cypher setup not from A to B with Fib retracement tool like in tutorial? Correct is to measure X to A back to X with Fib Extencion tool, right? Thank you very much, mate!
snapshot
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TomHall TOP MarkSterensohn
3 months ago
@MarkSterensohn, You can measure it both ways but it was easier to explain as you were already using the tool.
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MarkSterensohn TomHall
3 months ago
@TomHall, in the Gatley B to A to B 1.272 with Fib extension tool , too?
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TomHall TOP MarkSterensohn
3 months ago
@MarkSterensohn, You can use either the Fib retracement or extension tool, you will have the same outcome.
+1 Reply
MarkSterensohn TomHall
3 months ago
@TomHall, thank you very much!
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TomHall TOP MarkSterensohn
3 months ago
@MarkSterensohn, My pleasure, have a great weekend.
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MarkSterensohn TomHall
3 months ago
@TomHall, Tom, i 'll cover this position at breakeven before closing in 30 min . I think it's very risky holding over the WE. You hold, don't you?
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TomHall TOP MarkSterensohn
3 months ago
@MarkSterensohn, If the risk is too much then certainly close it and reset on Sunday evening / Monday.
For me i leave positions but that is due to my SL account size ect, it's just what works for me and subscribers.
+1 Reply
fiso
3 months ago
Hello Tom, nice setup with your bat and cypher analysis. Like the way you do it. Even though we analyse differently we come to same conclusion to short at that level.. Hoping to learn how to use bat and cypher
Reply
TomHall TOP fiso
3 months ago
@fiso, Hi,
That is great, Most strategy's are profitable if you know how to implement it and when to execute it.
Always great to have a high confluence area.
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Nuno de Mello PRO
3 months ago
Keep watching
+1 Reply
TomHall TOP Nuno de Mello
3 months ago
@Nuno de Mello, Something for Sunday evening / Monday morning
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Nuno de Mello PRO TomHall
3 months ago
@TomHall, Not really, why?
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TomHall TOP Nuno de Mello
3 months ago
@Nuno de Mello, How do you mean?
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Nuno de Mello PRO TomHall
3 months ago
@TomHall, I'm sorry Tom, in my first comment I told to stay close and see the movement of the market.
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Aetherial
3 months ago
Good job, Tom. Another great signal. Keep it up and while I may not be rich thanks to you, I will surely be a bit less poor. ;)
Reply
TomHall TOP Aetherial
3 months ago
@Aetherial, Thanks very much :)
lol i'm sure you will become financially free if your putting in that work :-)
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FxRussian
3 months ago
See a break down and going south on USDCAD
+1 Reply
TomHall TOP FxRussian
3 months ago
@FxRussian, I believe we will see a minor bit of consolidation prior to another break lower.
We will have to see what setups the market give us.
+1 Reply
FxRussian TomHall
3 months ago
@TomHall, check out my DXY chart... its a good chance... with NFP coming up on friday.... but i know you dont trade fundamentals
+1 Reply
TomHall TOP FxRussian
3 months ago
@FxRussian, If you post it below for me mate i will take a look.
+1 Reply
FxRussian TomHall
3 months ago
@TomHall,
Really strong Bearish evidence for the dollar.
This, check it out !
+1 Reply
TomHall TOP FxRussian
3 months ago
@FxRussian, Nice setup mate, including the bearish divergence.
+1 Reply
FxRussian TomHall
3 months ago
@TomHall, something to look at before trading the dollar, and thank you Tom!
Reply
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