As I was looking over my charts getting ready for my live trading room stream, I found these two potential opportunities on USDJPY! Both are bearish and both can be used as an alternate entry for a trend continuation trade to the downside. The first cypher in blue, will potentially complete @ 114.854. Minimum stops need to be above X at 115.442 with the...
Possible short opportunities at the completion of bearish green Gartley pattern and if/when at the completion of the bearish blue Cypher pattern.
Hey, mates. We have a confluence of dvanced patterns + lots of fibonacci ratios lining up at Daily support level+double bottom with rsi divergence. So, this level is definitely worth to be on my radar. Watch the full analysis in the video below this description. Learn to trade patterns on my website for free. Good luck.
Hey traders, today i want to point out to you a potential Gartley pattern setting up. In NZDJPY we are approaching the lower low created on December 23rd. So this could be a nice zone where price could bounce off of. Stops below X, target at .382 and .618 of AD leg. If you want to share your view, feel free to comment below. Otherwise, see you in the next chart!
On the NZDUSD there are two potential Bat Patterns. You have a smaller bearish Bat pattern that will complete at .70373. The bigger Bullish Bat pattern will complete at .69029. As always minimum stops need to be beyond the X-Leg with target 1 at the 38.2 Fib Retracement and target 2 at the 61.8 Fib Retracement. Good Luck and Good Trading
Bat Patterns can be traded many ways. These are the rules I follow: 1- First I find the impulse leg which is the X to A move in the pattern. 2 - Once the impulse leg has been identified I wait for retracement of the X to A move. I draw a FIB retracement from X to A and price must touch the 50% retracement but cannot touch the 61.8% retracement. This completes...
Simple analysis for today's share. The EURUSD has a bullish Bat formation that has completed at 1.0523. Let's see if we can take advantage of a quick relief
Possible Cypher pattern for short entries on EURUSD. Mangage Stops and Targets according to YOUR trading plan. Have a great week of trading!
As i am getting ready for my live trading stream i spotted this bearish cypher @ market. So if you want to see more setups and ideas like this, or you just get bored trading by yourself. Come join me on the live stream www.youtube.com Good Luck and Good Trading
All of you day traders out there that trade the cypher pattern, you got a potential setup here on the EURUSD. The pattern will complete at 1.0598 and minimum stops need to be above the X-Leg at 1.0622. Target 1 will be at the 38.2 at 1.0564 and target 2 will be at the 61.8 at 1.0544. Good luck and good trading
Using multi timeframe analysis, Advanced Pattern (Cypher) theory and Box Theory© we have a strong possibility of a Cypher beginning on NZD/USD. At this point this is purely a theory, an exercise in technical analysis; until our rules are met we won't trade. However it will be interesting to see what (if any) of our analysis comes true over the coming days. As...
Good evening traders! Hope you've had a great week so far. GBP/JPY 60 minute has provided us with two profit taking trades this week with a big Cypher pattern followed by a Bat pattern that completed this morning and with the recent move breaking above structure we could see another yet another Bat completing shortly. Normal rules apply: Target 1: 0.382...
Well here on the GBPUSD we have a potential bearish bat pattern setting up. This is an excellent example of why I love bat patterns. The main reason I love them so much is the risk to reward ratio (depending on what kind of stops you use). Now I use a 1 ATR stop on my bat patterns, and this will give me better than a 1.5 Reward/Risk ratio to target 1 with a 2.5...
I just put out a video going over my results from 2016. Although 12% is not the greatest return, considering how crazy this last year was, if you broke even in 2016 it should be celebrated. Here is the link to the video if you are interested. youtu.be Now on the chart here, we have a massive potential cypher pattern on XAUUSD. Now I don't actively trade this...
hello traders market now trying to finalize both of the patterns formations bat and gartley patters as per the showing giving us a great opportunities to short in the future targets as per the showing