Even with all of the Craziness in 2018, one of the things that still held true was...
And right now, you have a very nice potential Bat Pattern setting up on the EURUSD.
The completion point is at 1.1474 and minimum stops should be above X (my stops are 1 Atr above X at 1.1512.
Potential T1 is at a 38.2 Retracement of A-D and T2 is at a 61.8.
Even though I stop trading over the festive seasons I still conduct my analysis to perfect my skills. This is for educational purpose only and would not advise to trade it with live capital especially if you have not backtested this strategy, it could be detrimental to your account.
We have a potential bullish Cypher on the EUR/USD 1 HR chart ...
We have a potential bearish Bat near completion on the AUD/CAD 60 min timeframe. Completion at 0.9648, Stops above X, Targets at 38.2 & 61.8. Please do not use this as a signal service, if your trading with live capital than you should be following your own trade plan, if you don't have one STOP Trading and for the love of God go develop one.
Hope everyone had a lovely Thanksgiving in the US. I was just glancing through the charts and noticed a trading opportunity on the EUR/USD. For Advanced pattern traders, we have a potential bearing Bat completing at 1.1459, targets at 38.2 and 61.8, stops above X. Hoping everyone has a lovely weekend.
As you can see guys, Price did bounced from PRZ and then tested X Level but failed to close above it. And there's a Nice setup to enter a Short trade with a tight stop loss. Take Profit level will be as shown above...
We have a potential Bearish Gartly on the 4HR chart, I will be keeping an eye going forward if B leg gets penetrated I will Set orders.
Completion at 129.70, Targets at the 38.2 & 61.8 fib retracement, stops above X. Wishing everyone a prosperous week in the markets.
For advanced pattern traders out there, we have a potential bearish bat completing on the 4 HR chart @ 0.7287. Targets at 38.2 & 61.8 and stops above X. If you view the daily chart you will also notice the completion zone is at the daily resistance level.
Hey traders I would like to share with you this evening 2 potential set up on GBP USD.
There are a bat and a Gartley Advanced Formation. I already placed stop losses according to my strategy (conventional SL) but not the target yet because the chart would have been too messy.
We will see which one complete first. Good luck pattern traders!
The daily chart of the NQ is still very bullish, nothing has changed and it will not change until we see a decent move to the downside, the 4H chart remains in a sideways market until we break either 7630 to the upside or 7420 to the downside, the 1H chart is overbought, we should expect a small pullback, or some sideways market tomorrow. For those of you who ...
Daily chart is showing some sideways consolidation, we are still in a nice uptrend but it looks like the bulls are running out of steam. In the 4H chart, we have a horizontal channel, i think that a break of either the higher or lower level will have some nice follow-up. In the 1H chart we have the conventional targets for the Gartley pattern being hit, 7533.75 ...
Advanced butterfly trade rules
Target 1: 38.2% retracement of AD leg.
Target 2: 61.8% retracements of AD leg.
Stop loss: 141% XA extension
When Target 1 one is reached, half of the position should be closed and the stop loss of the remaining half should be placed to breakeven.