FX:USDJPY   U.S. Dollar / Japanese Yen
229 4 5
Hi Traders, here we see the Cypher from last week still being valid, and in this time we are also presented with a small Bullish Bat Pattern

I also posted the large Bat Patterns one being Bearish and one being bullish - I posted these on Friday 9th             and hopefully we can see price head towards these large patterns. I think if you move this chart around you will see the patterns I mentioned.

Anyway back to these patterns.

As always try to keep it simple with color coding.

Red for Minimum Stops - Second stop to be moved to break even when target 1 is obtained. Break Even is your initial entry level and keep in mind put it maybe 2 pips beyond the entry just so you cover any commission or spread.

Green is Entry Level - which is just below the 78.6% for Cypher and just above the 88.6% for this Bat - just so we know we get filled on our orders.

Cypher is Pink or Purple

Bat is Orange

Targets are color coded to each pattern color

Initial Targets 38.2% and 61.8% - these need to be adjusted after we have D completion.

Bat Pattern targets are with Fibonacci Retrace from the A leg to the D Leg - 38.2% T1 and 61.8% T2

Cypher Targets are with Fibonacci Retrace from the C to D leg - 38.2% T1 and 61.8% T2

With the drop in the USD index with interest rates we should see AUDUSD             and NZDUSD             upwards and USD pairs down which should see this Bat more likely

Also other pairs should increase against the USD

Good luck and happy trading

If you require anything that does not make sense just reply to this thread/post
Orders filled - lets see if we can have a good trade. Either way because we followed our rules - win = good trade - lose = good trade.
KINGRI Oztrade
Oztrade KINGRI
Hi Kingri - yes unfortunately we stopped out on this trade went in green for a while but I have only just logged on to see minus 45 - I wish we could win them all but hey thats trading. All the best
Pattern Almost @ Market - lets see if we hit entry
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out