Hey guys,
today i got long on this pair, due to an advanced pattern formation known as "Bat" formation. This pattern completed right at 4h support and therefore i know it could be a nice zone to buy. Stops below X, targets at .328 e .618 retracements of AD leg.
Good luck!
Feel free to comment below for anything.
Otherwise, see you in the next chart!
Any pattern trader out there loves consolidation because for us it means we tend to get many opportunities to trade. Currently the EURCAD is no different. We had a cypher pattern set up and roll over pretty much right once it hit the entry, today we have another chance at a cypher pattern. Entries are at 1.4023 and you need to get your stops under the x point. The...
Hey guys,
another advanced pattern formation i'd like to share with you today. As usual, my analysis starts from higher timeframe: the black line represents a daily structure level that's just been broken to the downside by priceaction. Being that, i know i expect a bearish continuation to the south and i want to get involved in short trades if i can.
This...
Here on the GBPUSD we have a completed cypher pattern.
For more info on advanced patterns and Forex info check out:
YouTube - The Trading Channel
Check out my website located on my home page here on tradingview.com
Time to get short!.. Or long!.. Or both.
We're currently in a previously tested channel with support/resistance both above and below. We see two pattern forming. Gartley (red) and bat (yellowish).
Orders are pending on both, lets see which gets filled!
As I am getting ready for my live trading room, I came across this very nice butterfly pattern that will complete at this major structure level. Now I normally don't trade butterflies, due to the fact that they complete below X, and this is where i place stops on the other advanced patterns I trade.
But when I get a setup like this, well now I have a structure...
There is a nice setup here on NZDUSD. You have a potential bearish Gartley Pattern which will complete at .73013.
Now in the other direction, you have a potential bullish Bat Pattern which will complete @ .72295.
Both of these pattern offer good risk/reward and the best part is you can set your orders and then sit back and wait for one to get filled. As always,...
I just put out my weekly review and preview video. In the video I covered the array of patterns that we have potentially setting up on the EURUSD. There are two potential bearish bat patterns and one bullish cypher pattern.
I you would like to see the video, here is the link: youtu.be
Good luck and good trading!
