Here is a pattern that I've studied in some detail... It's a false breakout of a proven resistance level (in this case a very strong one). Note the little to no travel above the bar, along with a return beneath the level. That signals that the bulls have no interest in higher prices. Stops can be placed anywhere reasonable above (at some corrective Fibonacci...
I'm studying advanced patterns right now and I think I found one! This is my first attempt at trading them. I'm already in the trade, but I'm sure there will be more opportunities to enter.
Entry: D point Targets: 100%, 127% and 161% fib lines Dont forget to like the idea, comment your thoughts below and follow me for more advanced technical analysis!
Nice Gartley 222 BUY pattern formed in the market. BUY Opportunity available now. 2 Reward/Risk Ratio 76 pips of profit potential.
Classic butterfly buy pattern formed in USDCHF Reward/Risk = 1.6 228 pips of profit potential.
The support at this level has been impressive, forcing price to trade in a tightening range for more than a week. What's more impressive is the R/R on a long position from this level (however unlikely). I make no apologies for not being a fan of Ripple and wouldn't mind if it just died, but if we get a break out to the upside it should prove to be a dramatic and...
AUDCAD is in an established bearish trend on 1H, so I'm looking for ways hopping on to the market. Price is setting a potential Bearish Advanced Harmonic Pattern - Bearish Bat, that is aligned with the underlying trend. Stops above current OR, and since were bearish with not close structures to the left my targets will be extended. Entry @ 0.9861 Stop @...
There is a series of NSL followed by Pullback(OR) and NSL, so we are in bearish trend on USDCAD 1H. Price is setting a potential Bearish Advanced Harmonic Pattern - Bearish Bat, and I would use this bat as an entry reason to hop on that trend. Stops above X. and both targets will be extended Here are the Entry, Stop and Target Levels: Entry @ 1.2979 Stop @...
For weeks I've been looking at the potential Bearish Cypher on USDJPY on Daily Charts, and this week market hit the entry level. As you can clearly see the stop loss is so huge if you enter right away at completion level, so I was waiting for the market to go further in the PZR in order to get less than 100 pips stop. Currently there is less than 100 pips and...
On GBPUSD I have a potential advanced harmonic pattern on my eyes - this time it will be a Bullish Gartley on 1H. Here are the Entry, Stop and Target Levels: Entry @ 1.2906 Stop @ 1.2881 Initial Target 1 @ 1.2936 Initial Target 2 @ 1.2954 Good Luck!
I have my eyes on a potential advanced harmonic pattern - Bullish Bat, on GBPJPY 1H. Since we're in bullish trend I will use the Bat formation as an entry reason, with extended 2nd target. Here are the Entry, Stop and Target Levels: Entry @ 145,35 Stop @ 144,91 Initial Target 1 @ 145,95 Initial Target 2 @ 1146,91 Good Luck!
GBPUSD is in a clear bearish trend on 15M, and market gave me a potential entry in order to hop on that bearish trend. Market is forming a potential bearish Advanced Harmonic Pattern - Bearish Cypher, that is perfectly aligned with the bearish trend. Since we are in an establish trend with no recent structure level to the right I'll go for extended targets(retest...
I've spotted another Advanced Harmonic Pattern on yen pairs, this time I have a potential Bullish Cypher on my eyes, on 15M. Here are the Entry, Stop and Target Levels: Entry @ 127.76 Stop @ 127.24 Initial Target 1 @ 128.22 Initial Target 2 @ 128.50 Try not to overextend in yen pairs, because there is the almost the same setup on GBPJPY Good Luck!
On GBPJPY, I have my eyes on potential Advanced Harmonic Pattern, and this will be a Bullish Cypher on 15M. This Cypher barely touches 1.272 but we still have a valid C point :) Here are the Entry, Stop and Target Levels: Entry @ 145.52 Stop @ 144.90 Initial Target 1 @ 146.06 Initial Target 2 @ 146.64 Good Luck!
I have another potential bullish Advanced Harmonic Pattern on my radar. EURJPY is putting a potential Bullish Cypher on EURJPY , 1H. Stops below X leg, targets are conventional. Entry @ 125.58 Stop @ 124.20 Initial Target 1 @ 126.83 Initial Target 2 @ 127.59 Good Luck!
USDJPY made a valid break below current structure support level(the purple one), and with this break USDJPY should extend lower towards the entry level of the potential Advanced Harmonic Pattern - Bullish Cypher, on 1H. With this valid break we are in rotation mode, so everything in regards of the Cypher pattern will be conservative Entry @ 111.37 Stop @...
Since price broke higher the sturucture level(purple one), GBPUSD is in a sideways move, which is perfect. Sideways bread advanced patterns, and we have 2 potential advanced harmonic patterns on 15M. If price goes higher we can short the Bearish Gartley, or if price goes lower we can buy it up - no matter what the price do next, we've locked it :) Good Luck