Hi All I wanted to share this trade - we are now filled on the Bat Pattern Either way we have a winner because we have followed our rules. We see here if this pattern completes that we will have a perfect stop and reverse trade. Lining up with our BAT Targets As before Green is Entry - Red are minimum Stops Blue is Bat T1 and T2 Orange is Cypher T1 and T2...
Hi All, I wanted to share another early prediction, here we have 2 advanced patterns depending on which you prefer to take we have multiple opportunities for a shorting position. Cypher Blue - Bat Orange I have noted the risk reward for both patterns. If we break past the B Legs and continue upwards you will notice in previous structure that we have a shelf of...
Hello Traders, Here we have a VALID BEARISH CYPHER PATTERN on FX:GBPJPY , that is close to the completion point. Do keep in mind that the major trend direction is BULLISH on the Daily, Weekly, and Monthly charts. This cypher pattern has been created after breaking the previous resistance level (LH). This is a good signal of POSSIBLE trend change back to...
Ok, This 15M trade worked out EXACTLY as planned and if so inclined can bank the +64 pips. Now that the bat has been completed (prices have actually exceeded the X point on the 15M TF but not the 1HR TF), should you go SHORT on the bat? As you notice in my title, I am only UPDATING this trade and not CLOSING it. MY TRADE PLAN That's will need to be each...
Hi All, I wanted to share this potential setup, we are looking at a neutral position entries in both ways. Orange Bat Pattern - Entries have been brought just below 88.6% to ensure we get filled. Blue Cypher Pattern - Entries have been placed at 78.6% - as we know the win ratio for the Cypher pattern is very good and we rarely see an exact 1:1 risk reward for...
Hi All, I wanted to share this with you, we have setting up here a potential Cypher and Bat Pattern. I wouldnt normally post a pattern that hasn't completed its C leg But in noticing this Cypher I thought to also keep an eye open for this BAT. All Cypher Details in Blue, Bat details in Pink. Blue Line Entry for Cypher which is 78.6% Retrace from X to C Leg if...
Hi All, we have a double top with RSI Divergence chance to get short - we could also see price continue upwards on this pair towards the Mad Monday Spike giving us an opportunity for a shorting position at AB=CD completion which puts us right inline with Previous Structure - however I have a feeling this might break that level exposing us to the next high which is...
This pair has been on a terrible tumble for a long time! Could it have finally come to a stop now at the 69 cents level? In my previous most recent analysis on this pair I posted 10 days ago (see Related Ideas: "ANALYSIS: AUDUSD: Reversal? Or More Downside To Go?"), I showed that the wave (v) should've ended at or near the 70 cents level and that if 70 cents did...
FX:EURJPY Advanced patterns: GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD BAT : Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD CYPHER : Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6%...
Attached is an image of a cypher pattern setting up on the USDJPY hourly. Details are in the image, but to recap: Entry is between 119.467 and 119.335. Up to you how deep you think it will dive. Stoploss is below X (indicated in the image). I'm putting mine around the 119.170's. Target 1: 38.2% retracement of CD. 119.856 Target 2: 61.8% retracement of CD....
Remember this post from 5 days ago? Well, prices have unfolded EXACTLY as I described it would and now it appears for all intents and purposes that wave 5 of the larger downtrend maybe OVER. If it is, then it is possible that we will see a MAJOR TREND CHANGE occurring! MONTHLY CHART: AB=CD Pattern Also Completed This MONTHLY chart I posted 5 days ago...
In previous posts, I had mentioned several times that the 70 cents level would be reached and at that point, we could have a major trend change from bearish to bullish. It's still NOT confirmed yet that this trend change is happening but regardless, there should be a very strong bullish reaction from this point. It may or may not lead to a MAJOR trend change and a...
Potential harmonic pattern - bat - a bit against main trend, but... you know what? pattern is pattern! So i have limit order waiting its proper time. Let us see! BTW. I have no stress as Cypher came to me, stressed myself, but... finally gave some profit. So in a good mood wainting for another from this harmonic family :-)
Looking for potential Cypher Pattern completion at 1.13387. Putting stops 20 pips above X at 1.13827. Target 1 & 2 at .382 & .618 Fibonachi retracement. 2.59 risk/reward at T2. Rolling stops to break even if we hit T1. Don’t forget to add a little cushion for the spread. Plan your trade and trade your plan.
Hello Traders, Here we have 2 VALID BULLISH CYPHER PATTERNS , on FX:GBPUSD and one of them has just been completed. I have color coded the targets and stops not to get everyone mixed up. The risk to reward on both of them is great. See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit...
Some time ago, I told that this pair was most likely going up in a 5-wave wave (C) (see Related Ideas: "GBPUSD: Let's Try This AGAIN! Could Wave 2 Be Done Now?" and "ANALYSIS: GBPUSD; Has A Wave 3 of 3 Begun? Or Not Yet?"). That was 20 days ago that I posted that. I also posted a bearish bat pattern that you see in the chart above 19 days ago. Well now prices are...
Read the text written in the chart.