Hey traders, another setup here. We had a trend which is a series of two or more impulses in one direction separated by correction. Then we had a sign of reversal which is the violation of the last impulse's initial point. You can see NSL below the recent HL. This is it. As technitians we all know the truths that prices move in trends and they will continue moving...
A very nice setup here, trader. We had a series of impulses in downward direction. This is the definition of a trend. then we had a most resent HL violation to the downside. This is the defenition of the sign of reversal. And instead of continueing moving upward installing other upward impulses priceaction makes a new structure low. This is the classic defenition...
Hi All, I wanted to share another potential opportunity we have setting up here on EURJPY 1. Min Stop Level Marked in RED 2. ENTRY green - standard 88.6% - 135.790 order placed just below entry to ensure we get filled 3. Target Levels - T1 and T2 - Standard 38.2% and 61.8% - to get targets set them just above these levels. 4. I have drawn XYZ for you to see...
Hi All, Again we see another potential opportunity for a shorting position here on EURUSD In a recent post I mentioned how I believed the FOMC would push this pair to 1.1400's This has presented us with this Bat Opportunity Fibonacci Confluence - 127.2 and minor 141.4 along with our 88.6% D completing all around the psychological even handle number 1.15000 -...
Hi All, I wanted to share this potential opportunity for a chance to get long or short, keeping in mind we have had a break and close above the previous resistance structure zone. And also a break below here putting in a lower low than previous structure. It could be a false break What it does start doing for pattern traders is presenting them with a period of...
Hey, traders. Recent HL was violated to the downside. Not a downward trend yet bur a sign of probable reversal. Being a part of bat pattern this kind of setup is called BAMM (Bat Action Magnet Move). BAMMS usually traded in anticipation of BAT completion. This time BAMM rules coinside exactly with 2618 trade rules. After BAT pattern is completed there's a high...
Hi All, I posted this the other day just to keep it on the radar. After my post we now have a potential Bat as well as the cypher setting up here for a Long Opportunity. BAT Pattern has Fibonacci Extension Confluence levels - Minor 1414 and Major 1618 and also a 127.2 Fibonacci Inversion from the Cypher A to B leg. It also completes close to the even handle...
Hi All, just wanted to share this potential Bearish Bat Pattern As always Entries Stops and Targets Red Line Minimum Stop Level Green is our entry point - keep in mind you may want to front run to get filled. Blue Line are T1 and T2 standard 38.2% and 61.8% - you may extend or reduce targets depending on structure Thanks and good luck
Hi All, see analysis for 2 potential patterns. We have a Bearish Bat and a Bearish Gartley Pattern. The X leg for Gartley is Resistance in LTF I have marked Entries Stops and Targets, with your stop placement for the Gartley would be whatever you choose whether it is ATR FIB or Pip based - above the X but I would be concerned about the X leg for the Bat being...
Hi All, I wanted to share another early prediction, here we have 2 advanced patterns depending on which you prefer to take we have multiple opportunities for a shorting position. Cypher Blue - Bat Orange I have noted the risk reward for both patterns. If we break past the B Legs and continue upwards you will notice in previous structure that we have a shelf of...
A recent series of NSL's was stopped by a NSH violating LH. Thus the last NSL is now considered to be a false breakout. As price moves in trends there's a high probability of another up impulse appearance. I expect at least a retest of the NSH. Bat pattern gives us a very nice risk to reward so we can enter this trade using it)
Hi All, I wanted to share this potential setup, we are looking at a neutral position entries in both ways. Orange Bat Pattern - Entries have been brought just below 88.6% to ensure we get filled. Blue Cypher Pattern - Entries have been placed at 78.6% - as we know the win ratio for the Cypher pattern is very good and we rarely see an exact 1:1 risk reward for...
Hi All, I wanted to share this with you, we have setting up here a potential Cypher and Bat Pattern. I wouldnt normally post a pattern that hasn't completed its C leg But in noticing this Cypher I thought to also keep an eye open for this BAT. All Cypher Details in Blue, Bat details in Pink. Blue Line Entry for Cypher which is 78.6% Retrace from X to C Leg if...
Hi All, we have a double top with RSI Divergence chance to get short - we could also see price continue upwards on this pair towards the Mad Monday Spike giving us an opportunity for a shorting position at AB=CD completion which puts us right inline with Previous Structure - however I have a feeling this might break that level exposing us to the next high which is...
Short & simple today (no pun intended). We have a potential bearish Gartley pattern setting up on a market that has been in a strong bearish trend. Perfect chance for those of you who aren’t trend continuation traders, to hop on a TCT type of move using advanced patterns. With Jason Stapleton out of town today, I’ll be running this morning War Room meeting,...
Notes on the chart. The reversal sign by itself is a very good reason to enter short. Here we have a gartley pattern also telling us of price more probably to go down. this gives us an edge. If this edge is repeated consistently - then the stream of our trades generates profits)
Blue arrows = impulses, voilation or retest of previous move's range. Red arrow = corrections, priceaction within previous move's range. Trend = at least two impulses of same direction with a correction between them. Consolidation = at least two impulses of same direction with an impulse of opposite direction between them. Price moves in trends. A trend remains...
As you can see, lots of potential action here on the GBPJPY following our Rising Wedge from earlier in the week. Yesterday I recorded a video talking about this rising wedge as well as a MUST own trading book, so make sure you head over to my Youtube page and check if you if you haven’t already “A Trading Book Must Own & Trading Simple Patterns”...