So after hitting for +374 pips on the last trade I made on this pair, the question now becomes: What next? So here I am showing what I am seeing as the next possible move which would be a wave (C) up to complete the wave (4). Then we should see a significant wave (5) down.
I'm thinking that the wave (B) should end just around he 70 cents level where there is a...
In my last trade on this pair (see Related Ideas: "CLOSED: TRADE: EURUSD: BUY@1.11660 15M Crab (-15 pips)") in which I lost -15 pips, I said, "Now will just wait for signs of bullish price action again for another possible entry into the cypher trade. There is ALWAYS the possibility that the cypher will not trigger any reversal and prices will keep heading down so...
Trade was closed when prices broke below the crab's A point. Took a -16 pips loss. Now will just wait for signs of bullish price action again for another possible entry into the cypher trade. There is ALWAYS the possibility that the cypher will not trigger any reversal and prices will keep heading down so this is why I kept the stops so tight. Must remain PATIENT...
Triangles, triangles....TRIANGLES! This pair has been all about triangles as of late! This tells me that this pair is setting up for a HUGE MOVE! Whether that move will be up or down, it's not yet clear. But it's coming!
But for now, in my last post and my previous posts on this pair on Scenario #1, I've posted about triangle patterns The first triangle was a...
I’ll tell you what trader’s, there’s nothing more exciting than a pain free trade and nothing more nerve racking then needing to put entries right back on but in the opposite direction.
That’s the situation that we have here on the USDJPY 1 Hour timeframe. Yesterday we had a bearish Cypher pattern roll over to smash targets (hopefully TGT 2 gets clipped) and now...
Following up on my previous post on this pair (see Related Ideas: "EURUSD; Overall bullish but why are prices are declining?"), prices are now reaching he completion of the bullish cypher. As of this posting, prices are just short of D point. In that post, I said that "I had posted a POTENTIAL Bearish crab pattern which almost completed but I was able to get in...
It's a busy Monday in the Markets as we're seeing a lot of corrections from last week's major news event. I've got a lot on my radar including potential longs on GBPJPY & AUDUSD. As well as a few potential shorts on GBPJPY & USDJPY. In fact the USDJPY may be filled already on a bearish Cypher .
Speaking of Cyphers we have a potential bullish Cypher here on the...
Taking this trade on a completed cypher pattern and probable wave count. My wave count suggests that prices are near or at an end to the wave (4) correction and could start the final wave (5) of the main down trend. If that is the case, then this wave (5) could target at least the recent lows at 69 cents or even MUCH lower. But first, this next move should at...
Good evening friends, here in Brazil now is 00:55h. I will be returning operations and also intend to collaborate with you with proven tips that work.
I believe that the image is well-explanatory, if someone could not understand leave your question to answer.
Let's wait for confirmation of this operation likely.
I'm updating this scenario #1 because I realized I had forgotten to post the 1Hr TF chart breaking down the trinagle's internal waves as well as showing the cypher in relation to the triangle and its' upper TL. So here it is. As of the time of this posting, prices have just about reached the cyher but not quite yet. And have done so in an explosive manner. So...
USDJPY is forming a possible Bearish Cypher pattern, potentially ending in the territory of an optimal Wolfe Wave SELL zone. If price reaches this level I would expect a quick reversal as this area is highly confluent with multiple key levels of interest. Stop loss can be placed above S/R with a target at .382CD.
Confluence in the PRZ:
1. Bearish Cypher...
I wanted to update this trade to give and overview of what could happen and what to expect. Right now, prices are in the PRZ (as of the time of this posting) of the completed bat and the completed shark and is now bumping up against the B point line which is a MAJOR STRUCTURE SR Zone. What B Point Line you ask?
Back 12 days ago (see Related Ideas: "TRADE:...
I'm updating my last post on this pair (see Related Ideas: "UPDATE #1: USDJPY: The Next Move - Finishing Wave 4") and adding the triangle pattern that is being traced out and also a large POTENTIAL bearish bat pattern that may retrace almost all of the wave 3 down.
Since my last post, prices have shot up along the POTENTIAL bearish cypher CD leg and may soon...
Hi All, I wanted to post this potential Cypher Setting up here
Inverted risk reward to T1 - you may look for price continuation to the top of the green box which is also very close to the Even Handle number 121.000 - you can see the previous structure resistance level - this would make the RR 1:1 for T1
Good Luck and Happy Trading
Last week we put this potential bearish Cypher pattern (left) on our radar, but because the risk was so large, it wasn’t a trade that I was able to take. Whenever this happens instead of calling it a day and deleting my charts, I always look for secondary reasons to enter. After blowing past the “D” completion the AUDCAD has found resistance at our “X” structure...
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...
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...
Here are those patterns : (note: the rules for each patterns are adjusted to meet my 2:1 risk-reward profile)
1. Gartley Pattern, (red) completed at the 1.382 Fib. Extension
2. Cypher Pattern, (blue) completed at the 0.886 Fib. Retracement
3. Bat Pattern, (yellow) completed at the 0.886 Fib. Retrcement
The best case scenario guys, is that price rebounds to meet...
